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North America Dashboard Camera Market 2019-2024: Favorable Dashboard Camera Installation Mandates & Increase in The Number of Road Accidents and TheftsDUBLIN, March 21, 2019 /PRNewswire/ -- The "North America Dashboard Camera Market - Growth, Trends, and Forecasts (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering. The North America Dashboard Camera Market is expected to register a CAGR of over 15.41% during the forecast period 2019-2024 Key Market Trends Single-channel is expected to register a Significant Growth The dashboard cameras are available in every conceivable configuration, ranging from a single lens to multiple lenses that allow simultaneous front and rear recording. The demand for single channel dashboard cameras is growing rapidly, due to the rising demand for dashboard cameras among motorists, owing to its usefulness in filing insurance claims, procurement of evidence for civil and criminal lawsuits, and other safety concerns. Voxx International, one of the players, showcased its new 360Fly single lens 360 action camera. The ability of this system to provide mobility without a processor can be further extended to automotive applications, to obtain better-processed images. Further, the usage of wide-angle lenses in automotive camera modules is witnessing increasing adoption, due to a wide field-coverage and enhanced picture quality. OEMs are exploring safety solutions that capture blind spots on the road. Thus, this technology is being adopted rapidly, on a large-scale. Single-channel dashboard cameras are relatively cheaper in comparison to the dual-channel dash cams, which further plays a vital role in influencing the consumers' purchasing opinion. Basic Technology is Expected to Hold Major Share Basic dashboard cameras are affordable (ranging from USD 20 to USD 100) and usually have limited features, compared to other dashboard cameras. This segment has witnessed rapid adoption of full HD dashboard cameras, which are fast replacing SD dashboard cameras. Basic dashboard cameras are in-vehicle cameras with built-in or removable storage media, which continually record driving, with no additional feature. Dashboard cameras are being installed with the intention of gathering evidence, in the event of a road traffic accident. Major taxi service provider companies install dash cams in their taxis, to film the passenger area, for example, to increase taxi drivers' safety or to combat theft and vandalism. The basic dashcams are in-car cameras with built-in/removable storage media that constantly record driving, with no additional feature. In addition to basic practices of dash cams, advanced cameras offer much smarter features, such as audio recording, GPS logging, speed sensors, accelerometers, and uninterrupted power supply. Also, benefiting from the trend of these dashboard cameras, a group of startups in the United States have developed an innovative business model, wherein they offer monetary rewards to drivers for installing dashboard cameras in their vehicles. The aim is to collect dash cam, recorded data, and ultimately aid technology companies in building maps for self-driving cars. As a result, an increasing number of ride-hailing service providers across North America, such as Lyft and Uber, have begun deploying in-car DVRs to record their rides. Competitive Landscape The North America Dashboard Camera Market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with prominent share in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market share and increase their profitability. The companies operating in the market are also acquiring start-ups working on North America Dashboard Camera technologies to strengthen their product capabilities. In October 2017, Garmin acquired Navionics SpA, a provider of electronic navigational charts and mobile applications for the marine industry. Through this acquisition, the company aims to offer the best available breadth and depth coverage to it's marine customers. Key Topics Covered: 1 INTRODUCTION 2 RESEARCH METHODOLOGY 3 EXECUTIVE SUMMARY 4 MARKET DYNAMICS 4.1 Market Overview 4.2 Introduction to Market Drivers and Restraints 4.3 Market Drivers 4.3.1 Increase In Automobile Sales 4.3.2 Favorable Dashboard Camera Installation Mandates 4.3.3 Increase In The Number Of Road Accidents And Thefts 4.4 Market Restraints 4.4.1 Laws Restricting The Use Of Dash Cams In Some Areas 4.4.2 Reliability And Privacy Issues 4.5 Value Chain / Supply Chain Analysis 4.6 Industry Attractiveness Porters Five Force Analysis 5 MARKET SEGMENTATION 5.1 By Technology 5.1.1 Basic 5.1.2 Smart 5.2 By Product 5.2.1 Single-channel 5.2.2 Dual-channel 5.2.3 Rear-view 5.3 Geography 5.3.1 North America 5.3.1.1 US 5.3.1.2 Canada 6 COMPETITIVE LANDSCAPE 6.1 Company Profiles 6.1.1 Garmin Ltd 6.1.2 LG Electronics 6.1.3 Panasonic Corporation 6.1.4 Harman International Industries Inc 6.1.5 Transcend Information Inc. 6.1.6 Pittasoft Co. Ltd (BlackVue) 6.1.7 YI Technology 6.1.8 Papago Inc. 6.1.9 Mondo Systems Inc. 6.1.10 Steelmate Co. Ltd 6.1.11 Waylens Inc. 6.1.12 Rand McNally 6.1.13 Cobra Electronics Corporation. 6.1.14 HP Inc. 7 INVESTMENT ANALYSIS 8 MARKET OPPORTUNITIES AND FUTURE TRENDS For more information about this report visit https://www.researchandmarkets.com/research/fs2k84/north_america?w=5 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets SOURCE Research and Markets |