Dashboard Camera Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2020-2025
Dashboard Camera market size is forecast to reach $6.5 billion by 2025, at a CAGR of 15.20% during 2020-2025. Increased number of road accidents and thefts for the past few years are major factors that propel market growth. In 2018, according to the report given by the Federal Bureau of Investigation (FBI), about 748,841 vehicles were stolen in the U.S. alone. In addition mandatory regulations made by governments of different countries to install dashcam drive the market. In 2019, according to the U.S. Federal government, it is mandatory to install onboard cameras in new cars. In addition to this several insurance companies are contributing to the increase in dashboard camera sales by offering discounts on car insurance as it can reduce insurance frauds or claims by using these cameras as event data recorders. All these regulations will positively affect the dashboard camera market in the forecast period. Report Coverage The report: “Dash Board Camera Market Report – Forecast (2020-20...