Asia Pacific Dashboard Camera Market Decade Long Trends, Analysis and Forecast 2024-2032

Key Insights

The Asia Pacific Dashboard Camera Marketsize was valued at USD 0.60 USD billion in 2023 and is projected to reach USD 3.14 USD billion by 2032, exhibiting a CAGR of 26.7 % during the forecast period. Dashcam or dashboard camera is a gadget that is installed in a car, on the windshield or the dashboard, which captures videos of roads and environs while driving. The majority of current markets have various categories of dashcams such as single lens cameras for from side or front view, dual lens models for front and rear views as well as circle or spherical views. Some of the features include a high-definition video recording, the use of night vision, the use of GPS, and some form of impact detection. Dashcams have different uses like; being used in court in case of an accident, recording the driver’s behavior, and as a security measure in case of theft or vandalism. It is employed for private protection, vehicle tracking, and insurance purposes for a better experience on the road.  

Asia Pacific Dashboard Camera Trends

• Rising adoption of smartphones and other mobile devices as dashcams.
• Increasing popularity of connected dashcams that can be accessed remotely.
• Growing demand for dashcams with cloud storage capabilities.

Driving Forces: What's Propelling the Asia Pacific Dashboard Camera Market

• Increasing road accidents and traffic violations.
• Growing awareness about the benefits of dashcams.
• Government initiatives to promote road safety.
• Technological advancements in dashcams.

Challenges and Restraints in Asia Pacific Dashboard Camera Market

• Persisting high upfront investment associated with advanced dashcams.
• Ongoing privacy concerns surrounding the potential misuse of captured footage.
• Lack of harmonized regulations governing the deployment and usage of dashcams across the region.

Emerging Trends in Asia Pacific Dashboard Camera

• Artificial intelligence (AI)-powered dashcams.
• Dashcams with built-in navigation systems.
• Dashcams with voice control capabilities.

Growth Catalysts in Asia Pacific Dashboard Camera Industry

• Accelerating infrastructure projects, creating demand for monitoring solutions.
• Expanding middle class with increased purchasing power and a growing appetite for advanced in-vehicle technologies.
• Continuously rising vehicle ownership rates, driving the need for collision avoidance and evidence-capturing devices.

Market Segmentation: Asia Pacific Dashboard Camera Analysis

Technology Type:

• Basic
• Advanced
• Smart

Channel Type:

• Single
• Dual

Vehicle Type:

• Passenger Cars
• Commercial Vehicles

Leading Players in the Asia Pacific Dashboard Camera Market

• Honeywell International Inc. (U.S.)
• Panasonic Corporation (Japan)
• Koninklijke Philips N.V. (Netherlands)
• DOD Tech. (Taiwan) 
• ABEO Company Co., Ltd. (Taiwan)
• Pittasoft Co. Ltd. (South Korea) 
• LG Innotek (South Korea) 
• Papago Inc. (Taiwan) 
• Steelmate Automotive (China)
• Qihoo 360 Technology Co., Ltd. (China)
• Xiaomi (China) 

Significant Developments in Asia Pacific Dashboard Camera Sector

• 2022: LG Innotek launches a new dashcam with AI-based object recognition technology.
• 2021: Panasonic releases a new dashcam with a 360-degree field of view.
• 2020: DOD Tech introduces a new dashcam with a built-in GPS receiver.

Comprehensive Coverage Asia Pacific Dashboard Camera Market Report

The report on the Asia Pacific Dashboard Camera Market provides comprehensive insights into the market, its driving forces, challenges, emerging trends, and growth catalysts. It includes extensive segmentation, regional analysis, pricing strategies, DROCs (Demand-Response Opportunities and Challenges), SWOT analysis, and profiles of leading players in the market.

Regional Insight

• China remains the dominant player in the Asia Pacific dashboard camera market, driven by its vast automotive industry and increasing consumer awareness of safety features.
• India, Japan, and South Korea are expected to maintain their positions as significant regional markets due to rapid urbanization and rising vehicle ownership.
• Emerging economies within the broader Asia Pacific region, such as Indonesia, Thailand, and Vietnam, are anticipated to experience substantial growth in dashboard camera adoption, fueled by economic expansion and the increasing popularity of personal vehicles.

Pricing Strategies

• The pricing of dashboard cameras varies depending on the technology type, features, and brand.
• Basic dashcams are typically priced between USD 50 and USD 100.
• Advanced dashcams are priced between USD 100 and USD 200.
• Smart dashcams are priced between USD 200 and USD 500.

Segmentation

The market is segmented based on technology type, channel type, and vehicle type.

Swot Analysis

Strengths:

• Growing adoption of ADAS.
• Increasing road accidents and traffic violations.
• Government initiatives to promote road safety.

Weaknesses:

• High cost of advanced dashcams.
• Privacy concerns related to dashcam footage.
• Lack of standardization in dashcam regulations.

Opportunities:

• Increasing demand for dashcams with cloud storage capabilities.
• Growing popularity of connected dashcams.
• Rising adoption of smartphones and other mobile devices as dashcams.

Threats:

• Economic slowdown.
• Intense competition from low-cost manufacturers.
• Technological advancements in other vehicle safety technologies.