NEW YORK, Aug. 13, 2015 /PRNewswire/ -- Vehicle cameras are the digital video recording devices typically attached to the dashboard or windshield of various vehicles. These devices are designed to record real-time videos of both the insides and outsides of the vehicles. This helps private as well as commercial vehicle owners avoid any false accidents cases and claims. In addition, video footage obtained from these cameras can be used as evidence for legal proceedings regarding accidents or other road incidents. Vehicle cameras are categorized by their price, end-user applications and geographic regions. The demand for vehicle camera is largely driven by the numerous advantages offered by these cameras, especially when used in the context of accidents and evidence. In addition, most vehicle cameras are equipped with features such as global positioning system (GPS), G-sensors, loop recording and high-quality day and night video recording.
With rising dependence on video surveillance for safety purposes, the demand for vehicle cameras is expected to soar substantially during the forecast period. Furthermore, various nations are focused on implementing automotive safety plans and regulations. Vehicle cameras are part of most automotive safety plans and regulations. This is expected to significantly boost the demand for vehicle cameras during the forecast period. Additionally, some insurance companies offer discounts on automotive insurance for vehicle owners who have installed vehicle cameras in their vehicles. This is due to the fact that video recordings from these cameras help insurance companies to tackle false claims.
The research report on vehicle cameras market provides the current scenario as well as the future market potential for vehicle cameras, globally. The market for vehicle cameras has been segmented into four major end-use applications: government and defense vehicles, private vehicles, transportation vehicles and others. The other vehicles segment includes ambulance, vehicles for fire department and sport vehicles. The market for these vehicle cameras has been extensively analyzed on the basis of price of vehicle cameras and geographic regions. On the basis of price, the market has been segmented into affordable, mid-range and high-end vehicle cameras. The market size and forecasts in terms of revenue (US$ Mn) for each of these segments have been provided for the period 2012 to 2020, considering 2012 and 2013 as base years. The report also provides the compounded annual growth rate (CAGR) for each segment of the market for the forecast period 2014 to 2020.
Geographically, the market for vehicle cameras has been segmented into five regions: North America, Europe, Asia Pacific, Latin America and Middle East and Africa (MEA). The market size and forecast for each region has been provided for the period 2012 to 2020 along with the CAGR (%) for the forecast period from 2014 to 2020. The study also includes qualitative analysis of the competitive scenario in these regions. The overview section of the report comprises qualitative analysis of the overall market highlighting the factors determining the market dynamics such as drivers, restraints and opportunities, along with market attractiveness analysis and value chain analysis. The overview section includes the current trends in the vehicle cameras market.
The report also provides a section on the competitive landscape, wherein the market positioning analysis of leading players of the global vehicle cameras market, in 2013 has been discussed. The report concludes with the profiles of major players in the global vehicle cameras market such as Qrontech Co. Ltd. (Lukas), DCS Systems Ltd. (RoadHawk UK), AIPTEK International, Inc., GoPro, Inc., Garmin International, Inc., Transcend Information, Inc., Pittasoft Co. Ltd., Hyundai MnSOFT and S.Will Industrial Ltd.
The market has been segmented as follows:
Market Segmentation of Global Vehicle Cameras Market:
Vehicle Cameras Market, by Price
Affordable (upto US$ 100)
Mid-range (US$ 100 to US$ 200)
High-end (above US$ 200)
Vehicle Cameras Market, by End-use Application
Government and Defense Vehicles
Others (Healthcare, Fire Rescue and Sports Vehicles)
Vehicle Cameras Market, by Geography
Middle East and Africa (MEA)
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