GLOBAL CAR DASHCAM MARKET ANALYSIS
Global Car Dash cam Market: Regional Insights
The market for car dashcam in Asia Pacific accounted for the largest share in 2016 and is expected to retain its dominance over the forecast period. Growth in this region is attributed to presence of some of the world's largest manufacturing and sales hubs in the region. According to Coherent Market Insights' analysis, production of vehicles in countries, including China, India, Japan, South Korea, and Thailand accounted for over 50% of the global production. This in turn, is expected to boost the demands for car dash board cameras in this region. Additionally, China and India are expected to be major growth engines for the market in Asia Pacific. According to The Organisation Internationale des Constructeurs d'Automobiles (OICA), in 2016, total vehicle sales in China was 28,028,175 units, which was 14.5% of the global sales, this in turn is driving demand for embedded systems such as dashcams. These factors in turn, are expected to boost growth of the regional market over the forecast period.
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