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The North American dashboard camera market was valued at USD 67.2 million in 2020, and it is expected to reach USD 169 million by 2026, registering a CAGR of 15.4% during the forecast period (2021-2026). With more than 143 million Americans commuting daily, there’s no doubt that car accidents are bound to happen. The market studied has expanded rapidly over the last few years due to a considerable rise in the number of accidents and thefts, which have led to the government mandating the installation of dashcams.

- Driving assistance systems have gained popularity recently, owing to the drastic rise in the number of accidental fatalities that have been reported in the last decade. The demand for better assistance systems to categorically judge imminent dangers, and guide drivers, have emerged as a viable product in the automotive sector. Driver assistance systems are currently being used in the luxury cars segment predominantly. Many connected car vendors are developing driver assistance technology (expected to be commercialized during the forecast period). For instance, BMW developed Driving Assistance Plus (driving assistance system) for its models. They are also developing camera-based ADAS technology, in partnership with Bertrandt.

- Autonomous cars with dashboard cameras offer increased data transparency, which is expected to relieve public fears and lead to safer deployments of driverless technology. Currently, most of the fully autonomous vehicles are in their testing phase. Several automobile industry giants, like BMW, Daimler, Volkswagen Group, and Volvo, among others, are testing their self-driving cars. Autonomous cars are already in use across the United States. In January 2020, Nextbase launched of the 622GW 4K model dashcam adding to the list of first-ever features in the market-leading range (Emergency SOS, Alexa Built-In) with 4K HD recording, Enhanced Night Vision, Extreme Weather Mode, Digital Image Stabilization, what3words, ultra-fast 5GHz Wi-Fi, and more.

- According to the estimations by Insurance Information Institute (III), each year, property and casualty insurance companies lose an average of USD 34 billion to fraud. As per the National Insurance Crime Bureau (NICB), auto insurance fraud makes up the largest share of that loss. Insurance Information Institute estimated that the cost of insurance fraud (property, casualty, and auto) is USD 30 billion per annum in the United States alone. According to the Insurance Bureau of Canada, fraudulent auto insurance claims cost about USD 1.6 billion per year in Ontario alone. Thus, in the United States and Canada, where large magnitudes of auto insurance fraud occur, supporting the proliferation of dashboard cameras can save billions.

- The restrictions put in charge to limit the diffusion and impacts of COVID-19 have had a widespread effect on people's lives and the way people travel in their vehicles. The pandemic has affected all forms of transport, including cars and public transport in cities, to buses, planes, and trains globally. Global activities related to road transport was almost 50% below the 2019 average by the end of March 2020. Moreover, Puerto Rico, a United States territory with stringent restrictions in place, prohibits residents from going anywhere besides the supermarket or pharmacy after 9 p.m. or risk a USD 5,000 fine or six months in jail. Taking all these instances into account, the dashboard camera market is expected to be significantly affected until the traveling restrictions are eased in the region.

Key Market Trends

Dual-channel Dashboard Camera to Drive the Market Growth

- Multi-lens dashboard cameras serve a lucrative segment to invest in, majorly for dashboard camera manufacturers, thereby, driving an increasing preference for dual-channel dashboard cameras, over single-channel dashboard cameras. Demand for multi-channel dashboard cameras was restricted in the past, due to the complication of processing, as video streaming of the two views were captured and recorded simultaneously.
- Dual-channel dashboard cameras use two camera modules, in which, one is equipped outward, to record incidents that occurred in front of the vehicle. In contrast, another is used to record the interior of the car. These are expected to gain high traction due to their implementation in private taxi services, such as Uber, Lyft, and Bookmycab. These devices are energy efficient and provide recording features of both internal and external environments of vehicles.

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- The systems comprise two cameras with high-resolution feed for front and rear video recording. These devices have built-in GPS and Wi-Fi, which will support the live location tracking feature, which allows the owner to access the device using smartphone applications. The availability of impact and motion detection features aids in speed detection and vehicle accidents, thereby further providing alerts to drivers.

- Also, these camera modules are used for security applications, when a vehicle is parked, as its application includes recording video evidence of theft and hit-and-run accidents. According to AT&T, the annual accident rate for commercial fleets is approximately 20%. Fleet accidents have one of the most expensive injury claims for business, with an average cost of about USD 70,000 per accident. This has emphasized on the need to manage the commercial fleet, as well as to claim insurance and abide by employee policies rightly.

United States is Expected to Hold Major Share

- Various companies and startups have made significant investments to increase their presence in the region and aid the adoption rate. The existing companies are innovating new products to expand the product portfolio to gain market traction and increase their market share.
- For instance, in May 2019, Garmin Ltd launched the new Dash Cam 46/56/66W and the Dash Cam Mini, the latest additions to its popular dashboard camera lineup. The new series includes an ultra-compact design, high-resolution video, an extra-wide field of view, GPS, and voice control; the drivers can easily find a Garmin dash cam that is tailored to their specific needs.

- Similarly, a group of startups in the United States have developed an innovative business model, wherein the drivers are offered monetary rewards for installing dashboard cameras in their vehicles. As a result, an increasing number of ride service providers across North America, such as Lyft and Uber, have started deploying in-car DVRs to record their rides.

- The 2020 Hyundai Sonata, which was first displayed at the North American auto show, has five cameras installed throughout the car, four of which are used to provide the driver with an enhanced view of the vehicle's exterior.

- Also, Cadillac's new CT5 compact sedan has a hands-free driving assistant that can navigate most of the highways in the United States on its own. It was unveiled at the auto show, and there's a camera on top of the steering column that monitors the driver awareness.

- In addition, the current lack of direct discounts from insurance companies for the installation of dashcams is estimated to have an impact on the low interest of the US consumers. However, stringent regulations mandated by the government, due to the growing number of accidents in the United States, are expected to propel the growth.

Competitive Landscape

The North American dashboard camera market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with prominent shares in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging strategic collaborative initiatives to increase their market shares and profitability. The companies operating in the market are also acquiring start-ups working on dashboard camera technologies to strengthen their product capabilities. Some of the key development in the market are:

- In January 2020 - Garmin Ltd, announced the Garmin Dash Cam Tandem, its first dual-lens dash camera that offers drivers complete video coverage of their surroundings due to two 180-degree field of view lenses that record in tandem day and night. The dash cam high-definition 1440p front-facing camera lens with Garmin Clarity HDR can capture crisp footage showing critical vehicle details.

- In January 2020 - Thinkware unveiled a few new products in Las Vegas and one of which is the T700, their most connected dash cam to date that uses LTE Cat 4 technology to transmit videos and the company announced to launch of QXD Mega 4CH - a Full HD 4-channel dashcam system that covers front and rear, as well as left and right of the vehicle to give the most comprehensive coverage of the surroundings of the car later in 2020.

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Wolcottville, IN, USA, May 5, 2021 -- A four-day Antique Auction bursting with nearly 2,000 lots of quality items, including important collections of majolica, Pickard china, World War II collectibles, Fenton glass and more will be held May 26th through 29th, by Strawser Auction Group, live in the gallery at 106 East Dutch Street in Wolcottville, as well as online via LiveAuctioneers.com.

“Of special interest is the Ann and Robert Fromer collection of majolica, assembled over the course of more than thirty years. The Fromers were avid collectors,” said Michael Strawser, the president of Strawser Auction Group and founder of the Majolica International Society. “The pieces in their collection are outstanding. The estate collection of Pickard china is also superb.”

Day 1, on Wednesday, May 26th, at 3 pm Eastern, will feature militaria (to include the World War II collection and firearms), toy banks, advertising collectibles, silver and jewelry. Top lots will include a Fowler Sportsman cast-iron mechanical bank by J. & E. Stevens (est. $1,500-$2,000); a Yankee Boy Plug Cut tobacco tin (est. $150-$250); and a silver mounted drinking horn with silver deer heads and other figures, made in Germany in 1899 (est. $800-$1,200).

Day 2, on Thursday, May 27th, also at 3 pm, will contain furniture, over 300 clocks, lighting and Oriental rugs. Up for bid will be an oil on canvas of sheep in a meadow by Augustine Bonheur (French, 1824-1884) in a 28 inch by 35 inch frame (est. $1,200-$1,500); a Handel bronze desk lamp with large lily pad base (est. $300-$500); an unmarked Ansonia clock with Indian figure, key and pendulum and a bronzed 6-light lamp with boy and girl figure (both est. $200-$300).

Day 3, May 28th, also at 3 pm Eastern, will feature 437 lots of antique glassware and collectibles, led by a rare Fenton Burmese child’s 7-piece water set (5 ½ inch tall pitcher and glasses), signed Vicki Fielder (est. $200-$300); a Mt. Washington peachblow satin coralene vase, 6 ½ inches tall (est. $100-$150); and a Fenton topaz vaseline opalescent epergne 9 ½ inches tall (est. $80-$120).

Day 4, on Saturday, May 29th, at 9 am Eastern, will be a majolica and ceramics auction, headlined by the Ann and Robert Fromer collection of majolica, plus more than 300 pieces of Pickard, R.S. Prussia and more. It’s the day serious collectors of majolica, Pickard and other fine items will be waiting for. Three items in particular are expected to attract much bidder attention.

The first is a George Jones rare and important large giraffe and stag centerpiece modeled as a giraffe and a stag beneath a turquoise bowl decorated with branches and leaves, all emitting from a tree trunk central pedestal, perched on a circular earthy ground pedestal base, 14 inches tall by 14 inches wide. This piece is the centerpiece for the rare George Jones "continents" compotes of Africa, America, Asia and Europe (est. $20,000-$25,000).

The second is a Minton iconic majolica game tureen and cover, the base modeled as a decorative oval pate' mold in yellow ochre and blue resting on a fixed basketwork tray with rope handles. The cover has the heads of two hares and two ducks realistically colored and symmetrically arranged on a cobalt glazed dome studded with yellow florettes. The tureen, with some professional repair, should sell for $25,000-$35,000.

The third is rare Minton majolica blowfish teapot and cover, modeled as a fantastic fish with brown spout emerging from its mouth, supported on green waves and with a brown seaweed handle with snail, the cover having a spikey dorsal fin (est. $10,000-$15,000). The 7-inch-tall teapot was originally part of the Charles Washburn collection; he used its image on his business card. It later became part of the Ann and Robert Fromer collection.

Also up for bid in the May 29th session will be a monumental Vienna Austria porcelain clock with dome, 21 inches tall, with various hand-painted panels of men, women and children, exquisite in detail and quality (est. $3,000-$5,000); and a scarce Notre Dame football form pitcher, 10 ½ inches tall, with six matching mugs, each with a pennant flag "Notre Dame", circa 1910, by T. Maddocks & Sons Co., Trenton, N.J. (est. $600-$900).

Honorable mention goes to a Pickard chocolate set with 12-inch-tall chocolate pot, a 13 ¼-inch diameter round tray, cream, sugar and four cups and saucers (est. $300-$500).

To learn more about the Strawser Auction Group and the four-day Antique Auction planned for May 26th-29th, live and online, visit www.strawserauctions.com. Updates are posted frequently. There will be telephone bidding for items $2,500 or more, and absentee bids will be accepted.

About Strawser Auction Group:
Ever since he began conducting auctions over 35 years ago, Michael Strawser has stood committed to delivering services far beyond the norm so that clients could receive results far beyond the expected. Today this commitment stands stronger than ever as the cornerstone of the Strawser Auction Group, one of the most respected auction resources in the Midwestern U.S. Over the years, the Strawser Auction Group has organized and conducted virtually every type of auction: antiques, estates, real estate, collectibles, business liquidations and more. This diversity has produced a wealth of knowledge not found in any book, but one that can only be acquired through doing. Strawser Auction Group is proud of its reputation and the respect it’s earned.

Since 1979, Michael Strawser has provided dealers and collectors alike with professional auction services – appraisals, consulting, evaluations – and, of course, sales. Always on top of market trends and demands, Michael fuels his diverse expertise with a real enthusiasm for collecting. His commitment to knowledge, organization and quality has earned him the respect of the collector community and positioned the Strawser Auction Group as a benchmark of the industry. The Strawser Auction Group is always in the market for quality items for future auctions, especially majolica, Fenton, Pickard, Mt. Washington, R.S. Prussia and related merchandise. To consign a single item, an estate or a collection, you may call Michael Strawser at (office): 260-854-2859 or (cell): 260-336-2204; or, you can email him at michael@strawserauctions.com. To learn more about the Strawser Auction Group, visit www.strawserauctions.com.

Global 5G Satellite Communication Market is estimated to be 15.2 Billion by 2029 with a CAGR of 26.0% during the forecasted period.
Published Date:January 2021

Growing data traffic across various business sectors and increasing demand for higher bandwidth along with congestion in networks, are some of the factors validating the need for network evolution. Additionally, rapid technological advancements in 5G satellite services in industries across the globe are projected to boost the global market.

The global 5G satellite communication market accounted for US$ 1.9 billion in 2020 and is estimated to be 15.2 billion by 2029 and is anticipated to register a CAGR of 26.0%. The report. "Global 5G Satellite Communication Market, By Orbits (LEO, MEO, and GEO), By Spectrum (L and S Band, C and X Band, and Ku and Ka Band), By End-user (Defense & Government, Transportation & Logistics, Aviation, Consumer Electronics, Heavy Industries, and Energy & Utilities), By Satellite Solutions (Backhaul and Tower Feed, Trunking and Head End Feed, Communication-On-The-Move, and Hybrid Multiplay), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029”.

Key highlights:

In January 2019, Gilat Satellite Networks Ltd., a global leader in satellite networking technology, solutions and services, declared the launch of a new powerful backhaul solution designed to deliver the high-performance required for next-generation services.
On November 2019, SpaceX builds out satellite network with a milestone launch. SpaceX flew a reusable rocket booster for the fourth time, a milestone in space vehicle reusability. The rocket launched 60 spacecraft to expand the company’s orbital broadband network.
On January 2020, China launched Yinhe-1 commercial low Earth orbit 5G satellite
Analyst View:

Rise in number of IoT devices and acceptance of edge computing

Edge computing provides real-time analysis with faster response times while improving overall performance and reliability. Edge computing permits large volumes of data to be processed close to the data source. Further, edge computing helps reduce security concerns and privacy. The data produced by these Edge computing devices is also witnessing exponential growth. Growth in amounts of data generated by IoT devices and increasing demand for edge computing are projected to propel the demand for higher data speeds. 5G technologies are expected to help deliver unmatched data speeds while improving real-time data processing capabilities and enhancing the overall user experience. 5G communication is projected to work 1000 times faster than 4G while bringing down device reaction times to milliseconds.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global 5G Satellite Communication Market”, By Orbits (LEO, MEO, and GEO), By Spectrum (L and S Band, C and X Band, and Ku and Ka Band), By End-user (Defense & Government, Transportation & Logistics, Aviation, Consumer Electronics, Heavy Industries, and Energy & Utilities), By Satellite Solutions (Backhaul and Tower Feed, Trunking and Head End Feed, Communication-On-The-Move, and Hybrid Multiplay), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Key Market Insights from the report:

The global 5G satellite communication market accounted for US$ 1.9 billion in 2020 and is estimated to be 15.2 billion by 2029 and is anticipated to register a CAGR of 26.0%. The market report has been segmented on the basis of orbits, spectrum, end-user, satellite solutions, and region.

By orbits, the low earth orbit (LEO) segment is projected to lead the global 5G satellite communication market in 2021 and is expected to maintain its dominance over the forecast period..
By spectrum, the target market is classified into L and S band, C and X band, and Ku and Ka band.
By end-user, the target market is classified into defense & government, transportation & logistics, aviation, consumer electronics, heavy industries, and energy & utilities.
By satellite solutions, the target market is classified into backhaul and tower feed, trunking and head end feed, communication-on-the-move, and hybrid multiplay.
By region, Asia-Pacific accounted for the highest revenue share in the market in 2018, owing to presence of large number of companies supplying 5G satellite communication. Korea, Japan, and China in this region are the key countries from where demand is being generated, and majority of the players are located.
To know the upcoming trends and insights prevalent in this market, click the link below:

https://www.prophecymarketinsights.com/market_insight/Global-5G-Satellite-Communication-Market-4291

Competitive Landscape:

The prominent player operating in the global 5G satellite communication market includes Airbus S.A.S, Eutelsat S.A., Avanti Communications Group PLC, Gomspace A/S, Gilat Satellite Networks, OHB SE, Space X, Quortus, The Boeing Company, and the Thales Group.

The market provides detailed information regarding industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory framework across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included into the report.

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Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.

Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces Analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period
Key Topics Covered

Introduction
Study Deliverables
Study Assumptions
Scope of the Study
Research Methodology
Executive Summary
Opportunity Map Analysis
Market at Glance
Market Share (%) and BPS Analysis, by Region
Competitive Landscape
Heat Map Analysis
Market Presence and Specificity Analysis
Investment Analysis
Competitive Analysis
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