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VEHICLE CAMERAS MARKET ANALYSIS

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VEHICLE CAMERAS MARKET ANALYSIS

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  1. VEHICLE CAMERAS MARKET ANALYSIS

  2. Global vehicle camera refer to the device that is used for recording videos and capturing images both inside and outside the vehicle. These cameras are attached to the dashboard and windshield of the vehicle and provide various features such as G-sensor, loop recording, among others. These cameras are available at a price ranging from less than US$ 100 to more than US$ 400. These cameras also help drivers for parking, gather critical evidence, assist for parking, and also for night vision. Depending upon the power supply, these cameras provide continuous video recording, used as an evidence in the event of an accidents.

  3. Market Dynamics • An increase in the number of road accidents is expected to drive market growth during the forecast period. According to the world health organization, road traffic leading to a cause of death for the age group between 15 and 29 years. Approximately 1,250 million people die owing to road accidents. In addition, 90% of road accidents have increased in the low and middle economical countries. Such factors have increased the demand for cameras that are equipped with a vehicle to provide safety and security for the vehicle, driver, and passenger. These cameras provide blind spot detection that will be going to minimize road accidents. Furthermore, road accidents lead to the economic and financial loss to the individuals, their families, which, in turn, increases the demand for the global vehicle camera market. • Government encouragement for installation of vehicle cameras is expected to drive market growth during the forecast period. Public safety against road accidents remains a major concern for national governments worldwide. Thus, various governments are focused on reducing road crimes and accidents, in order to enhance road safety. For instance, in November 2014, the Transport and Infrastructure Council of Australia endorsed a three-year plan called the National Road Safety Action Plan 2015–2017.

  4. Market Taxonomy This plan was devised to improve road safety, especially through strategic investment in infrastructure safety. The vehicle camera is impactful in numerous ways for gathering evidence for the prosecution of crime and incidents related to vehicles. These cameras can be used to record the entire journey and monitor surroundings when the vehicle is stationary. Furthermore, law enforcement authorities in many countries such as the U.S. and the U.K. use in-car cameras in their vehicles to record and monitor road accidents in real-time. Therefore, these factors are expected to drive growth of the global vehicle cameras market during the forecast period This report segments the global vehicle cameras on the basis of price, end-user and region. On the basis of technology, the global vehicle cameras is segmented into affordable, mid-range and high-end. On the basis of technology, the global vehicle cameras is segmented into law enforcement and defense vehicles, private vehicles, transportation vehicles and others. On the basis of region, the global vehicle cameras is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.

  5. Key features of the study: • This report provides an in-depth analysis of the global vehicle cameras and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year. • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players • It profiles leading players in the global vehicle cameras based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans • Key companies covered in the global vehicle cameras are Qrontech Co., Ltd. (Lukas), S. Will Industrial, Ltd., AIPTEK International, Inc., Hyundai MnSOFT, GoPro, Inc., Pittasoft Co., Ltd., DCS Systems Ltd. (RoadHawk UK), Garmin International, Inc., and Transcend Information, Inc.

  6. The market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers. • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics • The global vehicle cameras report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global vehicle cameras. • Request free sample copy of vehicle cameras market analysis • Request free PDF copy of vehicle cameras market analysis

  7. Detailed Segmentation: Global Vehicle Cameras Market, By price: • o Affordable • o Mid-range • o High-end Global Vehicle Cameras Market, By End-user: • o Law Enforcement and Defense Vehicles • o Private Vehicles • o Transportation Vehicles • o Others Global Vehicle Cameras Market, By Region: • o North America • o Europe • o Asia Pacific • o Latin America • o Middle East • o Africa

  8. Company Profiles o Qrontech Co., Ltd. (Lukas)* • Company Overview • Product Portfolio • Financial Performance • Key Strategies • Recent Developments • Future Plans o S. Will Industrial, Ltd. o AIPTEK International, Inc. o Hyundai MnSOFT o GoPro, Inc. o Pittasoft Co., Ltd. o DCS Systems Ltd. (RoadHawk UK) o Garmin International, Inc. o Transcend Information, Inc

  9. ABOUT US • Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. • What we provide: • CMI Services: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  10. CONTACT USMr. ShahCoherent Market Insights Pvt Ltd, 1001 4th Ave, #3200 Seattle, WA 98154, U.S.Phone: +1-206-701-6702Email: sales@coherentmarketinsights.com Related links:CMI BlogsCMI NewsCMI Infographics

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