Dashboard Camera Market size was over USD 4.5 billion in 2024 and is anticipated to cross USD 15.44 billion by the end of 2037, growing at more than 10.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of dashboard camera is estimated at USD 4.89 billion. The growth of the market can be attributed to the growing use of dashboard cameras in the car across the globe owing to the additional facilities provided by dashboard cameras which can help automobile owners in several conditions, such as, footages captured by the cameras can be provided as proof to police officers and their insurance companies. This growth factor is also backed by the higher production and sales volume of the vehicles worldwide. It was observed that in 2022, approximately 18% of people across the globe were noticed to own at least 1 car which resulted in around 1.5 billion cars being driven on road.
Global dashboard camera market trends such as, advancements in technology as well as artificial intelligence (AI) in the automotive sector coupled with the high demand for AI assisted dashboard cameras are on the rise amongst the motor vehicle users, which in turn, is expected to create massive revenue generation opportunities for the key players operating in the global dashboard camera market during the forecast period. For instance, the global investment in automotive artificial intelligence (AI) was estimated to be approximately USD 12 billion in 2020. Additionally, the dashboard camera for bikes comes in two options, single and dual channel. Single channel cameras are forward-facing to capture in-front activities, while dual channel camera is a two-camera setup that can record in-front activities along with the rear side of the bike. Dual channel cameras are highly preferred by the riders since they allow them to record re-end type accidents as well. Therefore, all these factors are expected to propel the market’s growth over the forecast period.
Author Credits: Saima Khursheed
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?