Electric Vehicle Dashcam Market Size, Share, Growth, and Industry Analysis, By Type (Integrated, Portable), By Application (PHEV, BEV), and Regional Forecast to 2032

ELECTRIC VEHICLE DASHCAM MARKET OVERVIEW

The global electric vehicle dashcam market size expanded rapidly XX in 2024 and is projected to grow substantially XX by 2032, exhibiting a prodigious CAGR XX during the forecast period.

Electric vehicle (EV) dashcam is a type of camera, which mainly records the scene of the road, ambient environment and the interior of the car. They offer real-time sensing, event logging, and security capabilities such as collision sensing. Dashcams can be utilized flexibly for evidence of an accident, driver safety, fleet management, and insurance checks. GPS, artificial intelligence (AI) and cloud storage integration improves the abilities and practicality of these devices.

The electric vehicle dashcam market size is growing because of EV uptake, growing road safety concerns, and the need for advanced vehicular security products. With the popularity of EVs, owners look for ways to track and secure their assets. Moreover, this rapid increase in insurance claim emphasis, fleet management, and technology such as integration of artificial intelligence drive market expansion.

GLOBAL CRISES IMPACTING ELECTRIC VEHICLE DASHCAM MARKETCOVID-19 IMPACT

Increased Demand for Dashcams Driven by Focus on Driver Safety During the Pandemic

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

However, because of manufacturing delays and supply chain interruptions, the COVID-19 pandemic initially affected the electric vehicle dashcam market. However, the increase in the protection use of drivers for personal vehicles and the newly emerging trend in the protection need of drivers as well as safety of driver biometric data and driver safety during the outbreak drove demand in market of dashcams. Since then, the market has rebounded as EV penetration increases globally, however.

RUSSIA-UKRAINE WAR IMPACT

"Mixed Growth Trajectory for Electric Vehicle Dashcams Amid Ongoing Geopolitical Tensions"

The Russia-Ukraine war affected the electric vehicle (EV) dashcam market by interfering with global supply chains in particular semiconductor fabrication and raw materials. Increased production costs and delays affected manufacturers. However, the same tension spawned concerns over vehicle security and monitoring, which directly ushered in the demand for complex monitoring systems. For this reason, the market followed a mixed, but cautious, growth trajectory.

ISRAEL-HAMAS WAR IMPACT

"Israel-Hamas War Contributes to Increased Global Uncertainty, Affecting Consumer Confidence"

The Israel-Hamas conflict did not have a significant direct spillover effect on the electric vehicle dashcam market. However, it contributed to increased global uncertainty, affecting consumer confidence and spending in some regions. Although production and supply lines were not substantially impacted, the conflict created an increased level of security concerns which eventually resulted in a steady growth in the amount of demand for surveillance and monitoring technologies in risk-prone sites.

LATEST TREND

"Integration of AI Enhances Safety and Functionality in Electric Vehicle Dashcams"

One of the most discussed developments in the electric vehicle dashcam market is the use of artificial intelligence (AI) for enhanced safety and usability. AI-enhanced dashcams can automatically track occurrences in real-time video, flags of events, intervene in events, and facilitate driving behaviour monitoring. Furthermore, cloud storage services provide easy access to saved video recordings which in turn enhances data management and ease of usage on the part of the user.

ELECTRIC VEHICLE DASHCAM MARKET SEGMENTATION

BY TYPE

Based on Type, the global market can be categorized into Integrated, Portable.

• Integrated Dashcams: These dashcams are integrated directly into the vehicle system so have a perfect blend with the vehicle infotainment and safety instruments. They offer continuous surveillance and real-time warnings, as well as boosted vehicle security.
• Portable Dashcams: These are standalone devices that can be easily mounted and removed from vehicles. The have the advantage of flexibility, ease of installation, and can be implemented in many types of vehicles and often provide more advanced features such as GPS or cloud access.

BY APPLICATION

Based on application, the global market can be categorized into PHEV, BEV.

• PHEV (Plug-in Hybrid Electric Vehicles): Dashcams in PHEVs are used to enhance security and provide monitoring for both electric and gasoline-powered driving modes. They offer drivers insights into fuel efficiency and safety features.
• BEV (Battery Electric Vehicles): Dashcams in BEVs focus on providing real-time security and monitoring for fully electric vehicles. They offer drivers additional safety features, including accident detection, battery health insights, and fleet management capabilities.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

DRIVING FACTORS

"Growing Concerns About Road Safety and Vehicle Security Drive Dashcam Market Growth"

The increased awareness of road safety issues and vehicle security into driving makes the electric vehicle dashcam market grow rapidly. With an increasing number of electric vehicles on the road, drivers are prioritizing features that enhance safety, prevent theft, and provide accident evidence. This need for enhanced protection drives the use of more sophisticated dashcam technology.

"Technological Advancements Fuel Growth of Electric Vehicle Dashcam Market"

The continuous technological development, including artificial intelligence (AI), cloud storage and high-definition video features are leading the growth of the electric vehicle dashcam market. AI-based functionalities, such as accident detection and driver behaviour analysis, increase the capabilities of dashcams. These advances enhance usability, thereby increasing the appeal of dashcams to individual consumers and fleet operators, thereby driving market growth.

RESTRAINING FACTOR

"High Initial Cost of Advanced Dashcams Limits Market Growth"

The high upfront price of higher-end electric vehicle dashcams, in particular with cameras integrating AI/cloud storage and HD video, can be a deterrent to many consumers. Although prices are expected to drop gradually, initial capitalisation can discourage price-sensitive consumers, especially where there are low rates of adoption of EVs, thereby restricting the expansion of the electric vehicle dashcam market growth.

OPPORTUNITY

"Rising Electric Vehicle Adoption Creates Growth Opportunities for Dashcam Market"

Since the electric vehicle market is still growing at an explosive pace, the market of dashcams is also promising. With the increasing adoption of electric vehicle (EV), there is also an increasing need for integrated safety and security systems. Electric vehicle (EV) user-specific dashcams, with on-board features such as bidirectional, real-time, battery health monitoring and recording continuous data, are well positioned to help fuel a growing market.

CHALLENGE

Semiconductor Shortages and Raw Material Issues Affect Availability of Advanced Dashcams

Ongoing supply chain disruptions, particularly in semiconductor production and raw materials, pose a challenge to the electric vehicle dashcam market. These issues result in delays, increased production costs, and limited availability of advanced dashcam models. With increasing demand of electric vehicles, the market is struggling to cater to the end users' need of rapid and low-cost dashcam solutions.

ELECTRIC VEHICLE DASHCAM MARKET REGIONAL INSIGHTS

• NORTH AMERICA

North America is a key market for electric vehicle dashcams, driven by the growing adoption of electric vehicles and increasing demand for vehicle safety features. In the United States, regulatory initiatives promoting electric vehicle use and advancements in automotive technology have accelerated the demand for integrated dashcam solutions, contributing to significant market growth in the region.

• EUROPE

Electric vehicle (EV) dashcam markets are seeing rapid growth across Europe due to a combination of tough safety requirements and rapid deployment of EVs. In countries such as the UK, Germany, and France, industry leaders are driving the need for innovative monitoring in order to improve security and accommodate accident reporting. Technological advances also increase the need for dashcams in the area.

• ASIA

The electric vehicle dashcam market share in Asia is experiencing fast expansion due to the growing number of EVs and, in particular, by EVs in nations such as China, Japan and South Korea. Growing middle classes and government incentives for green technology in the area are fuelling interest in sophisticated vehicle safety options. Additionally, advancements in artificial intelligence (AI) and cloud data storage are also contributing to the attractiveness of dashcams.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market Through Innovation and Market Expansion"

The electric vehicle dashcam market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of wardrobe options. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. Moreover, these industry giants continually invest in research and development, introducing innovative designs, materials, and smart features in cloth wardrobes, catering to evolving consumer needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.

Major players in the electric vehicle dashcam market, including Garmin, Nextbase, and BlackVue, are adapting through innovation and product differentiation to maintain their market foothold. They are combining high end features such as AI, cloud storage and high quality video together. Moreover, the above companies are working closely with the EV manufacturers and upgrading the user experience in order to respond to the increasing need for security and monitoring solutions.

List of Market Players Profiled

• VDO (Germany)
• Supepst (China)
• Philips (Netherlands)
• HP (U.S.)
• Garmin (U.S.)
• Blackvue (South Korea)
• Eheak (Hong Kong)
• Samsung (South Korea)
• Incredisonic (Taiwan)
• Auto-vox (China)
• Cansonic (Hong Kong)
• Papago (Taiwan)
• DOD (Taiwan)

KEY INDUSTRY DEVELOPMENTS

March 2023: Garmin launched its Dash Cam 67W, a compact dashcam with advanced features such as 1440p high-definition video recording, voice control, and wireless connectivity. This model is intended for both individual and fleet applications, achieving higher safety, and monitoring. The launch reflects Garmin's ongoing dedication to bringing advanced technology to enhance driver safety and satisfaction.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The report covers a comprehensive analysis of the electric vehicle dashcam market, including market trends, growth drivers, and challenges. It investigates major industry segments including integrated and portable dashcams, and PHEVs and BEV applications, as well as regional market trends in North America, Europe, and Asia. Second, the report includes information on the industry players, their actions, and recent market trends.