This research report scrutinizes the global automotive dashboard camera market. It focuses on key players in the industry such as Garmin, LG Innotek, Panasonic, and Pittasoft. Other Prominent Vendors in the market are: HP and Xiaomi.
MRC Announces the Publication of its Research Report – Global Automotive Dashboard Camera Market 2017-2021
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Commenting on the report, an analyst from MRC’s team said: “One trend in the market is growing demand for multi-channel dashboard cameras. There has been a growing preference for multi-channel dashboard cameras over single-channel dashboard cameras.
A multi-channel dashboard camera is capable of recording views, both of the road ahead and behind the vehicle. Earlier, the demand for multi-channel dashboard cameras was restricted due to the complication of processing, as video streaming of the two views captured and so recorded occurs simultaneously.”
According to the report, one driver in the market is discounts on insurance premium.
Automotive dashboard cameras have gained popularity in the passenger car as well as commercial vehicle segments. The main reason driving the installation of dashboard cameras among fleet owners is that dashboard cameras help in controlling insurance premium costs by providing useful data on accidents, insurance fraud, hit-and-runs, driving habits, and traffic violations.
Fraud insurance claims are very common, and several insurance firms had to bear losses due to false insurance claims. High-end commercial zones are mainly the soft targets for crash for cash scams.
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Further, the report states that one challenge in the market is inconsistent quality of automotive dashboard cameras. The quality of dashboard cameras is an important factor that influences the global automotive dashboard camera market.
There are low-cost dashboard cameras available in the market, but in most cases, low cost is a compromise in quality and services. In addition to this, there exists a huge variation in the quality of dashboard cameras available in different regions.
Inadequacy in the standard of quality recheck of automotive dashboard cameras aggravates the challenge of quality variation.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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