The Global Car Dashcam Market Size Will Reach 4525.31 Million in 2024

Global Car Dashcam Market Overview

According to Global Market Monitor, the global car Dashcam market size will reach 4525.31 million in 2024 with a CAGR of 15.91% from 2024 to 2029.

A Car Dashcam is a camera that is mounted on the car and used to record the surrounding images (mainly in front of the vehicle) while driving. In the event of a traffic accident or other dispute, it can be used as evidence.

Market Drivers

The Dashcam market size is expanding due to a rise in the number of road accidents and increased safety concerns. As per the World Health Organization (WHO), 1.3 million road accidents occur yearly globally. As a result, governments worldwide are legislating to install rear-view cameras in automobiles to improve safety and avoid accidents. Rising police corruption, high rates of accidents, unsafe road conditions, and their low cost and easy availability are driving the adoption of Dashcam.

Regional Market

China is currently the world's largest producer and seller of passenger vehicles. The ever-increasing number of car owners has contributed to the development of the car Dashcam market. The automobile industry has always been one of India's key industries. As the economy continues to grow, the purchasing power of the country has increased relatively, and the development potential of the Indian automobile industry cannot be underestimated. With the steady growth of the economy, Southeast Asia has become an emerging automobile market with growth potential, which will also drive the growth of the automotive-related parts industry.Due to the economic crisis, rising labor costs, etc., the European automobile manufacturing industry has gradually shifted to areas with lower labor costs such as Asia. The downturn in the automotive industry is affecting employment in Europe and limiting the market for car Dashcam.

Market News

February 2024- LG Innotek made a significant advancement in automotive technology by creating a dashboard camera module equipped with a built-in heater, ensuring functionality in cold climates. This innovation is particularly targeted at enhancing the performance of autonomous vehicles in frosty conditions.

January 2024 - Ficosa and Indie Semiconductor partnered for the development of Al-based automotive camera solutions. The partnership would provide enhanced safety and help develop and commercialize automotive camera solutions by deploying neural network-based (NN) artificial intelligence (AI) processing.

As the leading brand, many products of 36s have been widely praised by users after being put into the market, and its dashcam market share is far ahead in the country, which is a well-deserved industry giant.

Company Name	360Security Technology
Website	che.360.cn
Established Time	2005
Plants Distribution	Asia Pacific
Sales Region	Worldwide
Business Overview	360 is a security-related Internet company in mainland China. The 360-driving recorder is the first software and hardware integrated product of 360 company layout car networking.