This report provides Transforma Insights’ view on the Dash Cams market. The primary use of Dash Cams is for recording evidence (especially in the context of road accidents) and to help combat corruption, fraud, vandalism, and other crimes. Insurers are encouraging users to adopt dash cams by reducing premiums as they can reduce instances of false claims significantly. In commercial scenarios, AI-enabled dash cams are being used to improve in-cab driver coaching and driver behaviour. While dash cams are becoming more common worldwide, data security regulations like GDPR pose
serious challenges to the market's expansion.
The report provides a detailed definition of the sector, analysis of market development and profiles of the key vendors in the space. It also provides a summary of the current status of adoption and Transforma Insights’ ten-year forecasts for the market. The forecasts include analysis of the number of IoT connections by geography, the technologies used (including splits by 2G, 3G, 4G, 5G, LPWA, short range, satellite and others), as well as the revenue split between module, value-added connectivity and services. A full set of forecast data, including country-level forecasts, sector breakdowns and public/private network splits, is available through the IoT Forecast tool.
The report examines key factors that are influencing the development of the dash cams market, including:
This section begins with a list of dash cam users such as OEMs, car rental companies, and insurance providers. It then talks about how autonomous vehicle companies and government agencies use the data received from dash cams. It also expounds on how ride-sharing platforms such as Uber and Lyft are becoming significant users of dash cams, since vehicles-as-a-service is being increasingly adopted.
This section focuses on the soaring popularity of dash cams in the UK, the US, Russia, and China. It particularly focuses on how dash cam vendors are performing in the UK. For instance, it claims that companies like Nextbase witnessed a 75% year-on-year sales growth in the two years leading up to August 2022, owing to reasons such as insurance premium discounts offered by insurance companies. It also touches upon the reasons behind the increasing adoption of dash cams in Russia.
This section of the report expounds on how the current dash cam market is witnessing an increasing number of vehicles being fitted with onboard cameras, which is reducing the opportunities for aftermarket dash cams.
This section of the report discusses how security regulations like GDPR pose a serious challenge to the expansion of the dash cam market and how countries like Switzerland discourages using dash cams. It also lists those countries where dashcams are allowed for private use (like Germany) and those which have legalised the use of dashcams, like the UK and Russia (thereby becoming the largest markets in Europe).
This section of the report focuses on the integration of dash cams with Artificial Intelligence being an emerging trend. It talks about the features of AI-enabled dash cams (such as providing real-time incident detection) that make them important for drivers’ safety. It also mentions how AI can be used to analyse driving incidents and develop new safety features and training.
This section discusses the advantages of adding connectivity to these devices (like easy data transfer and automatic cloud storage), the various connectivity technologies that dash cams use, and the advantages or disadvantages of these connectivity technologies. It also explains why cost being the primary reason behind users often preferring Wi-Fi-connected cameras over cellular ones.
This section focusses on the price range of dash cams and discusses the features that determine their price. It also talks about how the increasing popularity of dash cams has reduced their process during the past few years.
The report also contains some examples of relevant IoT deployments in this Application Group. For instance, South Africa-based Crusader Logistics installed MiX Vision cameras in its fleets and increased driver safety and efficiency and decreased fuel consumption by 15.25%.
The key vendors section lists some of the main providers of products and services related to the market such as Nextbase, Nexar, Garmin, BlackVue, Cobra Electronics, Thinkware, and Vantrue. The report provides profiles of the various vendors including aspects most relevant to this Application Group, such as product offerings, pricing, financial results, and technology.
In the market forecasts section, we provide a summary of the forecasts from the Transforma Insights IoT Forecast Database:
The report charts the growth in the number of devices which will grow from 22.5 million in 2022 to 78.4 million in 2032.
Transforma Insights forecasts are compiled on a country-by-country basis. This report includes a regional summary, showing splits between Australasia, Greater China, North America, Europe, Japan, Latin America, MENA, Russia & Central Asia, South East Asia, South Korea, India & South Asia, and Sub-Saharan Africa.
Transforma Insights’ IoT forecasts include splits between the various connectivity technologies as follows: 2G, 3G, 4G, 5G mMTC, 5G non-mMTC, LPWA (non-mMTC), Satellite, Short Range, and Other.
This section discusses which technologies will be used in the dash cams application group.
This part of the report discusses the market growth in terms of revenue (module revenue, service wrap revenue, and VAC revenue). Transforma Insights estimates that the revenue in the Dash Cams Application Group will grow at a CAGR of 25%.