Dashboard Camera Market Size, Share & Trends Analysis Report By Technology (Basic, Advanced, Smart), By Product, By Video Quality, By Application, By Distribution Channel, By Region, And Segment Forecasts, 2024 - 2030

Research Methodology

A three-pronged approach was followed for deducing the dashboard camera market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for dashboard camera market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of dashboard camera market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Dashboard Camera Market Categorization:

The dashboard camera market was categorized into six segments, namely technology (Basic, Advanced, Smart), product (1-Channel, 2-Channel, Rear View), video quality (SD & HD, Full HD & 4K), application (Commercial Vehicle, Personal Vehicle), distribution channel (Online, In-Store), and regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa).

Segment Market Methodology:

The dashboard camera market was segmented into technology, product, video quality, application, distribution channel, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The dashboard camera market was analyzed at a regional level. The global was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into nineteen countries, namely, the U.S., Canada, Germany, the UK., France, Italy, Spain, China, India, Japan, South Korea, Australia & New Zealand, Malaysia, Singapore, Taiwan, Brazil, Mexico, Saudi Arabia, South Africa.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Dashboard camera market companies & financials:

The dashboard camera market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• ABEO COMPANY CO., LTD, ABEO Company Co., LTD is a provider of automotive electronics based in Taiwan. The company specializes in designing and developing different types of automotive electronic devices, such as Bluetooth hands-free car kits, digital video recorders, auto-dimming rear-view mirrors, and rear-view displays. ABEO's car DVR systems are equipped with removable SD card storage, which enables them to record high-resolution audio and video of various events, including accidents and parking, and reproduce them as audiovisual (AV) clips.

• AMCREST TECHNOLOGIES, Amcrest Technologies is a company operating out of the United States which is involved in the creation, production and sale of consumer electronics, as well as security and surveillance items. The company has a global presence, serving customers across multiple regions such as the United States, Canada, Germany, the United Kingdom, and France. As part of their customer service, Amcrest Technologies offers free after-sales support and local warranty services to clients in their respective countries.

• CNSLINK CO., LTD., CNSLink Co., Ltd., founded in the year 2000, is a company based in South Korea that specializes in developing, producing, and marketing wireless communication devices for carriers and automotive devices for drivers. Their range of products includes GPS navigation devices, LTE routers, mobile data terminals, IP/Wi-Fi cameras, and car video recorders, among others. The company also provides driving recorders, dashboard cameras, and car black boxes. In 2003, the company's name was changed from SIM Circuit Co., Ltd. to CNSLink Co., Ltd. The company's manufacturing facility is located in South Korea. CNSLink Co., Ltd. primarily caters to the FMS commercial vehicles market and the car accessory market.

• COBRA ELECTRONICS CORPORATION, Cobra Electronics Corporation, a company based in the United States, is involved in the design and marketing of mobile communication and navigation products. The company primarily sells its products in the United States, Canada, and Europe. Cobra Electronics Corporation's range of products includes citizen band radios, two-way radios, Bluetooth audio solutions, drive HD dash cams, marine electronics, mobile navigation devices, mobile power and jump starters, and radar detection. The company has a vast network of over 300 retailers and distributors and operates in more than 80 countries worldwide. Additionally, Cobra Electronics Corporation operates as a wholly-owned subsidiary of Cedar Electronics Holdings Corp. Alongside its headquarters in Illinois, the company also has international offices in Manchester, Ireland, Dublin, and Hong Kong.

• DOD TEC, DOD Tech is a dashboard camera manufacturer with its base in Taiwan. The company was established in 2008 and has its headquarters in Taiwan. With a presence in over 27 nations globally, DOD Tech designs produces, and assembles its products in-house. The company's offerings cater to both commercial and consumer markets.

• FINEDIGITAL INC., Finedigital Inc. is an organization situated in South Korea that specializes in designing and manufacturing both wired and wireless communication equipment. The company provides a broad spectrum of mobile communication equipment, which includes navigation systems, black boxes, node splitters, monitoring systems, and repeaters, among other products. Finedigital Inc. has a global presence and sells its products worldwide through multiple channels, such as independent dealers, and distributors, as well as via online websites.

• GARMIN LTD., Garmin Ltd. is a globally operating company headquartered in the United States. The company specializes in the development, design, manufacturing, marketing, and distribution of communication, navigation, and information devices. Its main business segments are aviation, automotive, fitness, outdoor, and marine. The auto segment of Garmin offers personal navigation devices, infotainment solutions, action cameras, and mobile applications under the NAVIGON and Garmin brands. The company also provides dashboard cameras and dash cams integrated with PNDs exclusively. Garmin's non-aviation products are distributed in over 100 countries worldwide through a network of independent dealers and distributors. Notably, some of its primary consumer products dealers and distributors include Halfords, Best Buy, Wal-Mart, and Amazon.com. Furthermore, Garmin has a vast intellectual property portfolio, which includes over 1050 patents and approximately 700 trademark registrations.

• DIGILIFE TECHNOLOGIES CO., LTD. (AFFIRMED BY HP INC.), DigiLife Technologies Co., Ltd. (DigiLife) was established in 2002 and has its headquarters in Taiwan. The company specializes in designing and promoting camera devices and related technologies. DigiLife mainly offers its products in the Asia Pacific region. The company's range of cameras includes digital still cameras, life cameras, car cameras (DVR), and handy cameras, which are suitable for both consumer and commercial purposes. In 2012, DigiLife was recognized by HP for manufacturing the former imaging product series, and in 2014, the company was granted exclusive selling rights for all imaging products.

• PANASONIC CORPORATION, Japan-based Panasonic Corporation is a manufacturer of electronic products and comprises more than 634 companies. Under the brand name 'Panasonic', the company is involved in the production and marketing of a wide range of products. The company operates in four business areas which are consumer electronics, housing, automotive, and business-to-business. The company has categorized its business units into four segments, which are Appliances Company, Eco Solutions Company, Automotive & Industrial Systems Company, and Connected Solutions Company. The Appliances Company manages the consumer electronics business, the Eco Solutions Company manages the housing business, the Automotive & Industrial Systems Company manages the automotive business, and all the above three companies handle B2B operations along with the Connected Solutions Company. The Connected Solutions Company was previously called the AVC Networks Company. In 2013, the AVC Company shifted its focus to B2B activities and transferred its TV set, Audio, Video, and AV accessory businesses to the Appliance Company.

• PITTASOFT CO., LTD., Based in South Korea, Pittasoft Co., Ltd. specializes in manufacturing and publicizing vehicle drive recorders, IP network cameras, and related software. The company offers a wide range of vehicle video recorders sold under the brand name BlackVue Pittasoft Co., Ltd. operates as an OEM and has four production lines. The company conducts in-house quality checks for all of its products. Additionally, it has a separate R&D center in South Korea to develop new value-added products. BlackVue products are distributed worldwide through more than 50 distributors.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Dashboard Camera Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2023, historic information from 2018 to 2023, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Dashboard Camera Market Report Assumptions:

• The report provides market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.