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Dashboard Camera Market Size Will Attain USD 17.01 Billion by 2030 Registering a Promising CAGR of 20.98% – Exclusive Report by Zion Market Research | Global Dashboard Camera Market Size, Share, Trends Analysis Report

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NEW YORK, United States, June 23, 2023 (GLOBE NEWSWIRE) — Zion Market Research has published a new research report titled “Dashboard Camera Market – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database. According to the latest research study, the global dashboard camera market size was valued at USD 4.5 billion in 2022 and it is expected to surpass around USD 17.01 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 20.98% during the forecast period 2023 to 2030.

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Dashboard Camera Market Report Overview:

The dashboard camera industry deals with the economic aspects of designing, production, and distribution of dashboard cameras also known as dash cams. They are compact and portable devices that are mounted on a vehicle’s dashboard or windshield and used to record footage of the road ahead while driving or stationary. Some dash cams provide only a single few which typically consist of the road ahead of the vehicle; however, in recent times, manufacturers have introduced products with a wider video capturing range.

Some advanced dashcams are equipped with additional features such as built-in GPS, Wi-Fi connectivity, motion sensors, parking mode, and collision detection. It is an evolving market as newer products are being introduced for commercial purposes. However, government regulations play a crucial role in shaping industry growth in economic locations.

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Global Dashboard Camera Market Dynamics: Growth Drivers, Restraints, Opportunities & Challenges

The global dashboard camera market is projected to grow due to the increasing number of vehicles on the road including passenger cars, commercial vehicles, and public or private road transport automobiles. A recently published report claimed that the average volume of traffic on national highways in China in 2021 recorded nearly 14,993 vehicles every day. The number is an increase of 4.2% from last year. Such trends are observed globally. This has resulted in increased demand for measures promoting road safety and dashcams are effective in achieving the vision. Furthermore, changing legislations in several economies are mandating the use of dash cams. For instance, Russia has been a pioneer in the application of dashboard cameras to fight road rage. The mandates apply to all commercial vehicles in the country.

In recent times, the technology used for dash cam has undergone tremendous development. Modern-age devices have better video quality, wider viewing angles, night-time vision, and other benefits. Many devices are equipped with artificial intelligence (AI) algorithms that make the device more appealing. The increasing influence of viral video concepts and social media remains undeniable as there is multiple footage on video-sharing platforms showcasing close calls or unusual events.

However, the global dashboard camera industry is also plagued with several growth limitations. The primary being the lack of standardized regulations since laws related to the use of dashboard cameras may vary depending on the nation. Moreover, dash cams may showcase limited functionality in case of severe accidents in which the camera itself is damaged. Installation and maintenance costs may act as a growth barrier.

The growing investment toward integration with advanced driver-assistance systems (ADAS) may provide growth opportunities while reliability and durability could challenge market expansion.

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Report Scope

Report Attribute Details
Market Size in 2022 USD 4.5 Billion
Projected Market Size in 2030 USD 17.01 Billion
CAGR Growth Rate 20.98% CAGR
Base Year 2022
Forecast Years 2023-2030
Key Market Players Garmin, Nextbase, Thinkware, BlackVue, VIOFO, Rexing, Vantrue, Anker Roav, Transcend, AUKEY, Crosstour, Yi Technology, APEMAN, Papago, Cobra Electronics, FalconZero, Pyle, Azdome, Old Shark, Blueskysea, WheelWitness, Street Guardian, and Spy Tec.
Key Segment By Vehicle Type, By Channel Type, By Technology Type, and By Region
Major Regions Covered North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa
Purchase Options Request customized purchase options to meet your research needs.

Dashboard Camera Market: Segmentation Analysis

The global dashboard camera market is segmented based on vehicle type, channel type, technology type, and region.

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Based on vehicle type, the global market divisions are commercial vehicles, passenger vehicles, and others. Based on channel type, the global market is divided into dual-channel, single-channel, and others. The dashboard camera industry growth was led by the single-channel segment in 2022. They are the most basic types of dashboard cameras and consist of a single camera unit. They are primarily used to capture the front view and are more suitable for personal use. Dual-channel dash cams consist of two camera units. They are also known as dual lenses or front and rear dash cams.

One camera records the front view while the other is mounted on the rear windshield and records the view behind the vehicle. Dual-channel cameras provide additional coverage and are highly popular among commercial vehicle owners or individuals who want comprehensive video coverage for insurance purposes and other reasons. Most commercially available dash cams start at a quality grade of 720p and may go up to 1080p or more.

Based on technology type, the global industry segments are smart, advanced, basic, and others. The segmental growth was dominated by basic technology as they offer essential features and basic functionality. The price is lower as compared to others and hence is more cost-effective for everyday use. They are designed to capture video footage of the road ahead. Such dashcams have a simpler user interface with limited additional features and standard video quality.

Advanced cams offer upgraded capabilities such as enhanced video quality, higher-resolution sensors, and improved low-light performance. Some models may also offer Bluetooth and Wi-Fi connectivity. Smart cams are the most advanced versions and offer features such as live-view, video playback, and video sharing. A basic dash cam may cost between USD 60 to USD 150.

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Regional Analysis:

Europe is projected to lead the global dashboard camera market with the highest CAGR during the forecast period due to increased initiatives undertaken by regional governments to improve road safety. Additionally, growing consumer awareness about the measures that can be adopted to ensure that personal interests are safeguarded in case of road rage or accidents has acted as a crucial revenue contributor. Mandates laid down by European heads have caused the majority of commercial fleet owners to install dash cams in vehicles.

North America may register high growth due to the presence of key players and manufacturers of dashboard cameras along with consistent research and development to ensure product innovation and market lead. The Asia-Pacific region is expected to grow at a steady rate due to growing product awareness and a high rate of vehicular traffic. Moreover, product innovation undertaken by automobile manufacturers could drive regional market expansion.

Competitive Landscape

Some of the main competitors dominating the global Dashboard Camera market include – 

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  • Garmin
  • Nextbase
  • Thinkware
  • BlackVue
  • VIOFO
  • Rexing
  • Vantrue
  • Anker Roav
  • Transcend
  • AUKEY
  • Crosstour
  • Yi Technology
  • APEMAN
  • Papago
  • Cobra Electronics
  • FalconZero
  • Pyle
  • Azdome
  • Old Shark
  • Blueskysea
  • WheelWitness
  • Street Guardian
  • Spy Tec.

Browse the Full Report at Here | Dashboard Camera Market By Vehicle Type (Commercial Vehicles, Passenger Vehicles, And Others), By Channel Type (Dual-Channel, Single-Channel, And Others), By Technology Type (Smart, Advanced, Basic, And Others), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030

 Key Insights from Primary Research:

  • According to the analysis shared by our research forecaster, the Dashboard Camera market is likely to expand at a CAGR of around 20.98% during the forecast period (2023-2030).   
  • In terms of revenue, the Dashboard Camera market size was valued at around US$ 4.5 billion in 2022 and is projected to reach US$ 17.01 billion by 2030.
  • The dashboard camera market is projected to grow at a significant rate due to the growing awareness of personal safety.
  • Based on vehicle type segmentation, passenger vehicles was predicted to show maximum market share in the year 2022.
  • Based on technology type segmentation, basic was the leading type in 2022.
  • On the basis of region, Europe was the leading revenue generator in 2022.

Key questions answered in this report:

  • What is the market size and growth rate forecast for Dashboard Camera industry?
  • What are the main driving factors propelling the Dashboard Camera Market forward?
  • What are the leading companies in the Dashboard Camera Industry?
  • What segments does the Dashboard Camera Market cover?
  • How can I receive a free copy of the Dashboard Camera Market sample report and company profiles?

Have Any Query? Ask Our Experts: https://www.zionmarketresearch.com/inquiry/dashboard-camera-market

The global dashboard camera market is segmented as follows:

By Vehicle Type

  • Commercial Vehicles
  • Passenger Vehicles
  • Others

By Channel Type

  • Dual-Channel
  • Single-Channel
  • Others

By Technology Type

  • Smart
  • Advanced
  • Basic
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • France
    • UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

Recent Developments

  • In May 2023, automobile manufacturer Hyundai announced its intention to launch a brand-new model in the existing range of compact sport utility vehicles (SUV). The model will be called EXTER and is expected to be equipped with advanced features such as a sunroof and dash camera with dual cameras along with a 2.31-inch digital display
  • In June 2023, THINKWARE, a leading dash cam manufacturer, launched the U3000 dash cam which offers increased compatibility. The product will be available in the North American market
  • In May 2023, Nextbase launched Nextbase iQ which is a next-generation in-car driver assistance and security system. It is expected to be available in the spring of 2023

To know an additional revised 2023 list of market players, request a brochure of the report: https://www.zionmarketresearch.com/requestbrochure/dashboard-camera-market

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Artificial Intelligence

GEEKOM releases a perfect mini PCs with dual 2.5Gbps Ethernet ports – GEEKOM GT1 MEGA

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TAIPEI, Sept. 20, 2024 /PRNewswire/ — GEEKOM, a Taiwanese tech company also known as the Green Mini PC Global Leader, recently released a strong lineup of flagship mini PCs with Intel Core Ultra processors and dual Ethernet ports, making it possible for users to enjoy impeccable performance and superb networking functionalities at the same time.

One of these mini PCs is the GEEKOM GT1 Mega, which employs a beautiful aluminum chassis with plenty of I/O, including two full-function 40Gbps USB4 Type-C, six USB Type-A, 2 HDMI2.0, a 3.5mm audio jack, an SD card reader and dual Ethernet ports. The two Ethernet jacks are both of 2.5Gbps standard, which not only delivers high-speed and reliable internet connection for people’s daily computing chores, but also enables the mini PC to serve more sophisticated networking functionalities as a soft router, a virtual machines, a hardware firewall, or even a home server. Besides, dual Ethernet ports can separate internal and external network connections, providing logical and physical separation of trusted and untrusted network traffic and keeping data safe from potential cyber-attacks.
The GT1 Mega is powered by Intel’s latest and smartest Core™ Ultra processor (up to CoreTM U9-185H) and dual-channel DDR5-5600MHz RAM. Thanks to the new CPU, GPU, and NPU three tier multi-processing architecture, the mini PC is ready to harness the superpowers of Artificial Intelligence. It is compatible with more than 500 AI models across 20+ categories and supports high-performance low-power processing in a wide range of computing scenarios, which include enhancing facial features and blurring the background during video calls, removing the vocals from songs to create karaoke tracks, and generating large-scale images based on texts or voice commands. Basically, the GT1 Mega allows users to finish tasks that used to take hours or even days through only a few keystrokes!
The GEEKOM GT1 Mega,is now available on GEEKOM’s official website.
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Lucinity Partners with Sift for Unified Fraud and AML Case Management

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SAN FRANCISCO, Sept. 19, 2024 /PRNewswire/ — Lucinity and Sift have announced a partnership, unifying fraud and Anti-Money Laundering (AML) into Lucinity’s integrated FinCrime compliance platform for case management, agent-enabled workflow automation, and Generative AI.

Sift is an AI-powered fraud platform securing digital trust for leading global businesses. Its Global Data Network analyzes more than 1 trillion events and identity signals per year to prevent fraud across the entire consumer journey. Lucinity and Sift formed this new partnership to address the challenges of fragmented fraud and AML systems, aiming to centralize and enhance financial crime investigations.
Sift’s AI-powered solution will now be integrated into Lucinity’s platform. This collaboration enhances Lucinity’s ability to provide a seamless and efficient compliance solution. It allows teams to review and manage fraud alerts more effectively through Lucinity’s unified Case Management system, thanks to the native integration between the systems. Key benefits to Lucinity’s users include:
Real-Time Fraud Screening: Payments are screened for potential fraud in real time, utilizing Sift’s fraud detection capabilities.Automatic Payment Holds: Payments suspected of fraud are temporarily held, ensuring verification before processing.Streamlined Reviews: Compliance teams can conduct thorough reviews of flagged payments within Lucinity’s Case Management solution.Risk Level Adjustments: Fraud detection parameters can be customized to adjust sensitivity levels, adapting to emerging fraud trends and risk appetites.This partnership also enables users to leverage Lucinity’s Generative AI capabilities through the Luci copilot to investigate fraud cases more efficiently.
Udi Nessimyan, President and Chief Revenue Officer of Lucinity, comments, “One of the greatest challenges in fighting financial crime is fragmented systems and data. Our partnership with Sift helps address this challenge by providing a centralized platform for various case types, including AML, fraud, sanctions, and ad hoc cases. Our collaboration significantly enhances the productivity of investigation teams, reducing the time spent on cases from hours to minutes.”
Sift’s Chief Marketing Officer, Armen Najarian, emphasizes the collaborative effort to enhance financial crime prevention, stating, “Cybercriminals are increasingly leveraging AI to bypass traditional anti-money laundering and fraud controls, creating sophisticated and dynamic threats. To combat these evolving risks, companies must adopt a ‘fight fire with fire’ approach by leveraging AI-powered solutions. Through Sift’s partnership with Lucinity, businesses can stay ahead of fraudsters, ensuring robust protection against abuse and enabling fearless growth.”
About Sift: https://sift.com About Lucinity: https://lucinity.com
Media contact:Celina [email protected] +354 792 4321

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Artificial Intelligence

Employee Background Check Software Market Size to Grow USD 828.8 Million by 2030 at a CAGR of 4.9% | Valuates Reports

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BANGALORE, India, Sept. 19, 2024 /PRNewswire/ — Employee Background Check Software Market is Segmented by Type (Cloud-Based, On Premises), by Application (SMEs, Large Enterprises): Global Opportunity Analysis and Industry Forecast, 2024-2030.

The Global Employee Background Check Software Market was valued at USD 587 Million in 2023 and is anticipated to reach USD 828.8 Million by 2030, witnessing a CAGR of 4.9% during the forecast period 2024-2030.
Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-2A10579/Global_Employee_Background_Check_Software 
Major Factors Driving the Growth of Employee Background Check Software Market:
The employee background check software market is growing due to increasing demands for secure hiring processes and regulatory compliance, especially in industries such as finance, healthcare, and IT. As companies look to reduce risks associated with fraud, legal liabilities, and workplace safety, background checks are becoming a critical part of recruitment processes. The rise of remote work has further accelerated the need for digital solutions. However, challenges include concerns over data privacy and varying legal frameworks across regions, which may slow adoption in some areas.
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TRENDS INFLUENCING THE GROWTH OF THE GLOBAL EMPLOYEE BACKGROUND CHECK SOFTWARE MARKET:
Cloud-based background check software is gaining traction due to its scalability, remote access, and cost-effectiveness. With cloud-based systems, businesses can streamline their hiring processes, particularly when operating across multiple locations. The ability to access data and conduct checks in real-time is highly valuable for organizations managing large workforces or remote employees. The flexibility and lower upfront investment of cloud-based solutions make them popular among businesses seeking efficient and adaptable systems for their recruitment processes.
On-premises solutions remain important for organizations with strict security and data control requirements, such as those in government, defense, or finance. These companies often need complete ownership of their data, which on-premises software offers, reducing the risk of external breaches. Although it requires significant upfront investment and maintenance, on-premises software provides a high level of customization and security. It’s especially useful for businesses dealing with sensitive information and industries where compliance with local data protection laws is critical.
Large enterprises, particularly those operating in regulated industries like banking and healthcare, are the major adopters of employee background check software. These organizations deal with large volumes of hires, making streamlined background checks essential for compliance and operational efficiency. The ability to integrate background check systems with existing HR tools, such as applicant tracking systems, allows large companies to manage their recruitment processes more effectively. The need for comprehensive and accurate background checks is crucial for mitigating risk and ensuring legal compliance.
The rise in remote working has increased the demand for background check software that allows companies to vet employees regardless of their location. Digital background checks, particularly cloud-based ones, make it easier for organizations to screen remote workers efficiently. This trend is expected to continue as more companies adopt hybrid or fully remote work models, where geographical barriers no longer restrict talent acquisition but require thorough and remote-friendly verification processes.
As regulatory frameworks for employment practices become more stringent globally, businesses are increasingly relying on background check software to ensure compliance. Laws like the General Data Protection Regulation (GDPR) in Europe and the Fair Credit Reporting Act (FCRA) in the U.S. have made it mandatory for companies to conduct background checks within specific legal parameters. This has led to increased demand for software solutions that can automate these processes while maintaining compliance with regional and international laws.
A major trend in the employee background check software market is the integration of these solutions with human resources management systems (HRMS). Integrating background checks with HR software streamlines the hiring process by consolidating background checks, employee records, and onboarding into one system. This improves operational efficiency for businesses, particularly large enterprises that handle significant recruitment volumes. Integration with HRMS allows for real-time updates, making background screening an even more integral part of the hiring process.
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EMPLOYEE BACKGROUND CHECK SOFTWARE MARKET SHARE
North America dominates the market due to stringent employment regulations and widespread adoption across industries. Europe is another key region, driven by GDPR compliance and demand in finance and healthcare. The Asia-Pacific region is experiencing rapid growth due to increasing awareness of the importance of background checks, especially in countries like China and India, where digital hiring platforms are becoming more popular. The market is also expanding in the Middle East and Africa as businesses prioritize secure hiring practices.
Key Companies:
HireRightGoodHireCheckrSterlingHireologyINTELIFIGood EggPeopleG2VitayCertnGlobal HR ResearchVeritable ScreeningXrefZincPaycomADPVICTIGIntelliCorp (Cisive)SpringVerifyAsurintUniversalAssureHireVerified FirstHireSafePurchase Chapters: https://reports.valuates.com/request/chaptercost/QYRE-Auto-2A10579/Global_Employee_Background_Check_Software 
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