A comprehensive study on Dash Cam Market

Date7/2/2020 11:21:37 AM

Dash Cam market was valued at US$1080.358 million in 2017 and is projected to expand at a CAGR of 8.30% over the forecast period to reach the total market size of
US$1743.558 million by 2023. Rising cases of road accidents have forced governments across the globe to implement stringent safety regulations. As a result, there is
a rise in the adoption of dashboard cameras in countries where these are considered legal. Several insurance providers are also encouraging the use of dash cams by
way of offering discounted-car insurance, thus, positively impacting the sales of dash cams worldwide. However, strict rules regarding the use of dash cams in countries
like Austria and Luxembourg restrains the growth of dash cam market. Moreover, the availability of substitutes such as digital cameras and smartphones also hinders
the growth of dash cam market.

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