The vehicle cameras market is expected to grow at a CAGR of 14.30% during the period from 2020 to 2027 and reach US$3.5 bn by the end of the forecast period 2020 to 2027.
Vehicle cameras are video recording devices fixed in vehicles for real-time recording from the windshield. These cameras are usually installed on the dashboard or fixed on the windshield using a vacuum cup or adhesive tapes. Vehicle cameras are equipped with memory cards and a display screen. The power required for the camera is supplied from the vehicle battery or a dedicated built-in battery in the camera.
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Vehicle cameras offer various advantages for private as well as commercial transportation vehicle owners. Video footage recorded from these cameras can be used as evidence in different cases such as insurance claims, fake accidents and other fraud cases. Most users of the vehicle camera utilize these cameras to record their trips, stunts and other outdoor events.
This is expected to boost the demand for vehicle cameras in the mid-term of the forecast period. Some of the insurance companies also offer discounts on vehicle insurance for the vehicles equipped with vehicle cameras. However, the demand for vehicle cameras is hampered by restrictions on the installation of vehicle cameras and video shooting in public places. This largely pertains to European countries such as Germany, Sweden, Austria and Switzerland.
The major companies in the global vehicle cameras include Qrontech Co. Ltd. (Lukas), DCS Systems Ltd. (RoadHawk UK), AIPTEK International, Inc., GoPro, Inc., Garmin International, Inc., Transcend Information, Inc., Pittasoft Co. Ltd., Hyundai MnSOFT and S.Will Industrial Ltd.
Segmentation
By Price
- Affordable (upto US$ 100)
- Mid-range (US$ 100 to US$ 200)
- High-end (above US$ 200)
By End-use Application
- Government and Defense Vehicles
- Private Vehicles
- Transportation Vehicles
- Others (Healthcare, Fire Rescue and Sports Vehicles)
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa (MEA)
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Vehicle Cameras market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Vehicle Cameras market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Vehicle Cameras market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
- To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
- Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
- To define, describe and forecast the market by type, application and region.
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends and factors driving or inhibiting the market growth.
- To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
- To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
- To strategically profile the key players and comprehensively analyze their growth strategies.
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