A car dashcam, also known as a driving safety recorder, is an onboard device that continuously records videos and sounds while driving. These records can serve as important evidence for determining traffic accident liability, preventing malicious collisions, and recording travel scenery and other purposes. The driving recorder not only has basic recording functions but also combines various modern technologies such as GPS module, Wi-Fi/Bluetooth connection, etc., to provide users with more comprehensive driving recording and data services.
Analysis of Market Development Status
As an important auxiliary device for the safe driving of modern cars, car dashcams can not only help users record the driving process but also provide various safety assistance functions to improve driving safety. In recent years, thanks to the continuous growth of car ownership and the increasing awareness of driving safety among consumers, the Asian car dash cam market is facing a rapid growth opportunity.
According to our research data, the estimated market size of car dashcams in Asia in 2024 is $2703 million, an increase of 18.22% compared to 2023. In the coming years, with the continuous advancement of technology and further promotion of road safety regulations by the government, it is expected that the market will continue to maintain high-speed growth. By 2029, the market size of car dashcams in Asia is expected to increase to $8043 million.
Segmented Market Analysis
From the perspective of product types, according to different assembly methods, car dashcams can usually be divided into two categories: integrated and portable. Among them, portable car dashcams dominate the market due to their advantages of good concealment, easy installation, detachable replacement, cost, and simple use. The market share is expected to reach 92.31% in 2024.
From the perspective of downstream applications, the automotive dashcam market can be further divided into the passenger car market and the commercial car market. Among them, the passenger car segment market dominates, with an estimated market share of 71.45% in 2024.
Asia Car Dashcam Market Size and Segment Market Share Forecast
Source: www.globalmarketmonitor.com
Market Analysis of Major Countries
From the perspective of market development in major countries, China is the largest revenue market for car dashcams in Asia, with an estimated market revenue of $1329 million in 2024 and an expected market share of 49.17%; Japan ranks second, with an estimated revenue of $484 million in the automotive dashcam market in 2024, and is expected to occupy 17.91% of the Asian market share.
Asia Car Dashcam Market Revenue and Market Share by Region Forecast in 2024
Countries
|
Market Revenue (Million USD)
|
Market Share
|
China
|
1329
|
49.17%
|
Japan
|
484
|
17.91%
|
South Korea
|
134
|
4.96%
|
India
|
106
|
3.92%
|
Southeast Asian Countries
|
339
|
12.54%
|
Source: www.globalmarketmonitor.com
For more industry information, please refer to our latest released "2023 Global Car Dashcam Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".