Lack of Consumer Awareness to Restrain the Global Vehicle
Cameras Market in North America
Nations such as China and Russia are hot markets for vehicle
cameras. The awareness about the safety and effectiveness of vehicle cameras in
these regions is very high. However, the markets of North America and Europe
still are untapped as consumers lack awareness about the effectiveness of
vehicle cameras, unlike the China and Russia markets. It is owing to this
cultural and legal differences between the countries that vehicle cameras have
remained very popular among millions of drivers in China and Russia since the
past decade. On the other hand, the regulatory scenario along with lack of
awareness in North America tends to hamper the growth of this market. Insurance
companies in Europe and North America can boost the market for vehicle cameras
if they make these camera available at subsidized rates.
Global Vehicle Cameras Market to Grow at a Moderate 11.3% CAGR
till 2020
The global vehicle cameras market was worth US$595.3 million in
2013 and is expected to reach a value of US$1,259.2 million by 2020. The global
vehicle cameras market will grow at a positive 11.3% CAGR during the forecast
period from 2014 to 2020. Government restrictions on installing vehicle cameras
in the European region is one of the major restraints for this market.
Nevertheless, in 2013 Europe accounted for a major 44% in the global vehicle
cameras market. This growth can be attributed to the rising adoption of vehicle
cameras especially in Russia and the U.K. However, this regional market has a
higher growth potential if the government of other countries in Europe
introduce polices that support subsidized pricing of vehicle cameras.
On the other hand, Asia Pacific will emerge as the fastest
growing market during the forecast period. The Asia Pacific market due to
increasing popularity of vehicle cameras in nation such as Australia, Taiwan,
China, Japan, and South Korea will expand greatly in the coming years. Asia
Pacific vehicle cameras market is projected to grow at a 12% CAGR during the
forecasting horizon.
Private Vehicles Hold the Bulk of the Demand in the Global
Vehicle Cameras Market
The global vehicle cameras market by end-use application is
segmented into private vehicles, government and defense vehicles,
transportation vehicles, and others. In 2013, the private vehicles segment
accounted for the bulk of the demand in the market and contributed 35.2% in
terms of revenue. Private vehicles segment is expected to continue its
dominance throughout the forecast period.
Papago is one of the leading manufacturer of dash cams in
several countries such as China, Russia, and Australia. Notable vendors in the
global vehicle cameras market include AIPTEK, GoPro, Qrontech, DCS Systems,
Pittasoft, Garmin, and Hyundai MnSOFT
Chapter 1 Preface
1.1 Report Description
1.2 Market
Segmentation
1.3 Research
Methodology
1.3.1 Sources
1.3.1.1 Secondary
Research
1.3.1.2 Primary Research
Chapter 2 Executive
Summary
2.1 Market Snapshot:
Global Vehicle Cameras Market (2013 & 2020)
2.2 Global Vehicle
Cameras Market, 2012 – 2020, Revenue (US$ Mn) and YOY Growth (%)
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Chapter 3 Global
Vehicle Cameras Market Overview
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.1.1 Government
Encouragement for Installation of Vehicle Cameras
3.2.1.2 Wide
Discretion of Vehicle Cameras for Consumers
3.2.1.3 Encouragement
from Insurance Companies for Installation of Vehicle Cameras
3.2.1.4 Impact
Analysis of Drivers
3.2.2 Restraints
3.2.2.1 Government
Restriction on Vehicle Cameras in European Countries may Hamper the Market
Growth
3.2.2.2 Impact
Analysis of Restraints
3.2.3 Opportunities
3.2.3.1 Partnership
with the automobile manufacturers
3.3 Market Trends
3.3.1 Vehicle Cameras
with Superior Features
3.3.2 Vehicle Cameras
with Night Vision
3.4 Value Chain
Analysis: Global Vehicle Cameras Market
3.5 Market
Attractiveness Analysis: Global Vehicle Cameras Market, by Price
3.6 Competitive
Landscape
3.6.1 Market
Positioning of Key Players in Vehicle Cameras Market, 2013
Chapter 4 Global
Vehicle Cameras Market Revenue, by Price
4.1 Overview
4.1.1 Global Vehicle
Cameras Market Revenue and Forecast, by Price, 2012 – 2020 (US$ Mn)
4.1.2 Comparative Analysis:
Global Vehicle Cameras Market Shares, by Price, 2013 & 2020 (Value %)
4.2 Affordable Vehicle
Cameras (Below US$ 100)
4.2.1 Global Vehicle
Cameras Market for Affordable Vehicle Cameras, Revenue and Forecast, 2012 –
2020 (US$ Mn)
4.3 Mid-range Vehicle
Cameras (US$ 100 to US$ 200)
4.3.1 Global Vehicle
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