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The automotive event data recorder (EDR) market is projected to grow by USD 1.64 billion at a CAGR of 6.10% during the forecast period of 2024-2032.
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The industry for automotive insurance is changing the automotive market parallelly. The increase in efforts by automotive OEMs to develop and test autonomous vehicles across different regions will boost the demand for the product during the forecast period. Thus, with the increase in the development of autonomous vehicles, the market for automotive event data recorder (EDR) is also increasing.
An event data recorder (EDR), sometimes referred to as an automotive “black box,” is a tool installed in automobiles to record information associated with car crashes or accidents. Automotive EDRs continuously record critical information of vehicles and track driving behaviour to produce evidence in case of accidents.
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Based on its application, the industry for automotive event data recorder (EDR) can be segmented as:
The EMR report looks into the regional automotive event data recorder markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
Vehicle insurance companies adopt a usage-based insurance model that calculates the insurance premium based on driving behaviour. Insurance suppliers use the data collected from vehicle-installed telematics devices as proof in the event of accidents, which is increasing the demand for automotive EDRs. Several insurance companies offer discounts on their vehicles to owners who adopt EDRs. The increased funding and investments in developing autonomous technologies are further aiding the market. These factors are anticipated to drive the development of the global automotive event data recorder (EDR) industry over the forecast period.
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The report presents a detailed analysis of the following key players in the global automotive event data recorder (EDR) market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global automotive event data recorder (EDR) market is projected to grow at a CAGR of 6.10% between 2024 and 2032.
The major drivers of the industry, such as the growing demand for EDRs in automobiles with increased adoption of vehicle insurance, growing disposable incomes, and favourable government initiatives, are expected to aid the market growth.
The growing technological advancements and the increasing demand for autonomous vehicles are the key market trends guiding the growth of the industry.
The major regional markets are North America, Europe, the Asia Pacific, Latin America and the Middle East and Africa.
Passenger cars and commercial vehicles are the leading applications of automotive event data recorder (EDR) in the industry.
The major players in the industry are Veoneer Inc. (VNE (NYSE)), Continental Engineering Services GmbH, Aptiv Plc, DENSO Corp., Robert Bosch GmbH, Others.
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