A dashboard camera, popularly known as a dash camera, films and retains road activities or driver behavior. Instead of relying exclusively on eye-witnesses, vehicle insurance companies can fetch the recorded footage as direct evidence to know the cause of a road accident. These camera systems are typically positioned on the dashboard or windshield. Many systems have a bidirectional recording feature that captures both the vehicle’s interiors and the external environment with a dual interior and exterior camera. The footage from the dashcam also works as evidence for resolving lawsuits. Having access to the dashcam footage helps drivers, insurance companies, and authorities analyze the situation. Furthermore, dash cams can also function as a second line of defense against scammers. They serve as a visible deterrent and reduce the possibility of fraudsters attacking the car if they notice the equipment installed. A victim of car insurance fraud can show that the fraudster waved their vehicle into moving traffic or backed into the vehicle at a stop signal to fake a rear-end crash. Thus, simplicity aided by dashcam recordings in the resolution of accident cases and insurance claim verifications is boosting the dashcam camera market.
GARMIN LTD; PANASONIC CORPORATION; AND HARMAN INTERNATIONAL – PROMINENT MARKET PARTICIPANTS IN DASHBOARD CAMERA MARKET
In road accidents, a dashboard camera and recording systems can help fleets and regular motorists prove liability and protect innocent drivers. The footage captured by dash cams acts as a vital source of high-quality evidence for resource-strapped law enforcement authorities. The police can’t be everywhere, but CCTV and in-vehicle cameras provide thousands of extra eyes on the streets. While police’s attitude and the legislation differ from country to country, many law enforcement agencies consider footage from citizen cameras a valuable tool in investigating and prosecuting crimes. Users are being encouraged to submit recordings of their dash cameras, whenever required. The Metropolitan Police Service in London introduced an online portal in October 2016; each year, the ~7,000 recordings are collected through this service, with contributed material being used to support over 300 prosecutions.
In recent years, the development of autonomous vehicles has gained considerable commercial momentum. Established navigation methods such as GPS and LiDAR are being employed to enable cars to navigate without human aid. AI-driven automatic object detection through video data has undergone significant progress since its inception. To train AI systems to distinguish between pedestrians, stationary objects, cars, and other objects, collecting a massive amount of video data from various driving scenarios becomes necessary. Dashcams are routinely installed on vehicles (not just autonomous vehicles) and used for various purposes other than autonomous driving research.
Treating video footage gathered by dashcams with facial recognition algorithms, and other similar technologies, provides considerable information about identifiable individuals. The video data captured by dashcams could reveal information on the whereabouts and behavior of everyone visible to the vehicle at any given time. As a result, several critics and government officials are concerned about the influence of dashcams on privacy. For instance, the dashboard camera for self-driving cars developed by Bosch uses AI to ensure more reliable object recognition. Therefore, the use of AI in dashboard camera systems enhances the autonomous capabilities of self-driven and advanced automotive vehicles, paving the way for dashboard camera market growth in the future.
Most of the market initiatives were observed in the global region, which have a high potential of market-related products, solutions, and services. Few of the important market initiatives from the industry are mentioned below:
| Year | News | Country |
| 2021 | The cobra electronics corporation had introduced the newest addition to its existing cobra SC series lineup, the cobra SC 400 and SC 400d smart dash cameras.it features Alexa built-in and real-time alerts for smarter driving. | Global |
| 2021 | Safe cams had introduced Y Series dash cameras which includes two variants namely, a single-camera dashcam (Y2) and dual-camera dashcam (Y3S). It has 1080P resolution, 170deg ultra-wide angle, Sony low-light sensor, P2P Wi-Fi and 3-Axis G-sensor, among other advance hi-tech features which attracts more consumers. | India |
