The Latin America, Middle East and Africa Dashboard Camera Market would witness market growth of 18.4% CAGR during the forecast period (2020-2026).
The motorists tend towards using these cameras in order to seek additional legal protection for road malfunctions and accidents, the demand for dashboard cameras around the world is expected to increase. Frequent news stories of crashes and road accidents by such devices have contributed significantly to the general public’s awareness of the advantages of car DVRs.
Dashboard cameras become more and more popular among drivers worldwide. In many commercial and personal vehicles, it enables the driver to take control of road safety and enables incidents such as collisions, robbery, and vandalism to be recorded. For liability and insured claims, the camera footages obtained from dashboard cameras are now accepted. Insurance companies encourage the use of dashboard cameras with insurance premium discounts to combat false insurance claims.
Dashboards have become an aftermarket accessory for private cars, but the devices become popular for fleet management, risk avoidance and driver monitoring in commercial vehicles. Truck accidents and traffic violations are a huge cost for a car fleet of any size, and fleet management can recognize and develop additional training that can reduce drive costs through video recording. drivers can take advantage of unsafe driving practices. Camera video from the dashboard is useful when other parties dispute what happened and who could be guilty. These devices have proven valuable to settle disputes and avoid potentially costly judgments.
Based on Distribution Channel, the market is segmented into In-store and Online. Based on Technology, the market is segmented into Basic, Advanced and Smart. Based on Application, the market is segmented into Personal Car and Commercial Vehicle. Based on Video Quality, the market is segmented into SD & HD and Full HD & 4K. Based on Product, the market is segmented into 1-Channel, 2-Channel and Rear View. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Panasonic Corporation, Garmin Ltd., LG Corporation (LG Electronics), Samsung Electronics Co., Ltd. (Samsung Group), Motorola Solutions, Inc., Fine Digital, Inc., Amcrest Technologies LLC, Cedar Electronics Corporation (Cobra Electronics Corporation), ABEO Technology Co., Ltd., and Papago, Inc.
Scope of the Study
By Distribution Channel
• Personal Car
• Commercial Vehicle
By Video Quality
• SD & HD
• Full HD & 4K
• Rear View
• Saudi Arabia
• South Africa
• Rest of LAMEA
• Panasonic Corporation
• Garmin Ltd.
• LG Corporation (LG Electronics)
• Samsung Electronics Co., Ltd. (Samsung Group)
• Motorola Solutions, Inc.
• Fine Digital, Inc.
• Amcrest Technologies LLC
• Cedar Electronics Corporation (Cobra Electronics Corporation)
• ABEO Technology Co., Ltd.
• Papago, Inc.
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