The market for dash cameras is expanding as traffic accidents increase and safety concerns increase. According to the World Health Organization, 1.3 million road traffic accidents occur worldwide every year. Therefore, governments around the world are legislating to install rearview cameras on cars to improve safety and avoid accidents.
Rising police corruption, high accident rates, unsafe road conditions, and their low cost and easy availability have all driven the adoption of dash cams. According to Burgess Consulting, the global automotive driving recorder industry market size will be US$4.525 billion in 2024, with a compound annual growth rate of 15.91% from 2024 to 2029.