Global vehicle camera refer to the device that is used for recording videos and capturing images both inside and outside the vehicle. These cameras are attached to the dashboard and windshield of the vehicle and provide various features such as G-sensor, loop recording, among others. These cameras are available at a price ranging from less than US$ 100 to more than US$ 400. These cameras also help drivers for parking, gather critical evidence, assist for parking, and also for night vision. Depending upon the power supply, these cameras provide continuous video recording, used as an evidence in the event of an accidents.
An increase in the number of road accidents is expected to drive market growth during the forecast period. According to the world health organization, road traffic leading to a cause of death for the age group between 15 and 29 years. Approximately 1,250 million people die owing to road accidents. In addition, 90% of road accidents have increased in the low and middle economical countries. Such factors have increased the demand for cameras that are equipped with a vehicle to provide safety and security for the vehicle, driver, and passenger. These cameras provide blind spot detection that will be going to minimize road accidents. Furthermore, road accidents lead to the economic and financial loss to the individuals, their families, which, in turn, increases the demand for the global vehicle camera market.
Government encouragement for installation of vehicle cameras is expected to drive market growth during the forecast period. Public safety against road accidents remains a major concern for national governments worldwide. Thus, various governments are focused on reducing road crimes and accidents, in order to enhance road safety. For instance, in November 2014, the Transport and Infrastructure Council of Australia endorsed a three-year plan called the National Road Safety Action Plan 2015–2017. This plan was devised to improve road safety, especially through strategic investment in infrastructure safety. The vehicle camera is impactful in numerous ways for gathering evidence for the prosecution of crime and incidents related to vehicles. These cameras can be used to record the entire journey and monitor surroundings when the vehicle is stationary. Furthermore, law enforcement authorities in many countries such as the U.S. and the U.K. use in-car cameras in their vehicles to record and monitor road accidents in real-time. Therefore, these factors are expected to drive growth of the global vehicle cameras market during the forecast period
This report segments the global vehicle cameras on the basis of price, end-user and region. On the basis of technology, the global vehicle cameras is segmented into affordable, mid-range and high-end. On the basis of technology, the global vehicle cameras is segmented into law enforcement and defense vehicles, private vehicles, transportation vehicles and others. On the basis of region, the global vehicle cameras is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
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