Enjoy complimentary customisation on priority with our Enterprise License!
The automotive event data recorder market share is expected to increase to USD 1.32 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.86%.
This automotive event data recorder (EDR) market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive event data recorder market segmentation by application (passenger cars and commercial vehicles) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The automotive EDR market report also offers information on several market vendors, including Aptiv Plc, Cansonic Dash Cam, Continental AG, DENSO Corp., Digital Ally Inc., Garmin Ltd., Infineon Technologies AG, Octo Group S.p.A, PAPAGO Inc., Pittasoft Co. Ltd., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Squarell BV, Vacron, Veoneer Inc., and ZF Friedrichshafen AG among others.
Download the Free Report Sample to Unlock the Automotive Event Data Recorder Market Size for the Forecast Period and Other Important Statistics
The rising number of road accidents across the world is notably driving the automotive event data recorder (EDR) market growth, although factors such as high investments needed to install EDRs and their supporting technologies may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive event data recorder industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Automotive Event Data Recorder Market Driver
Key Automotive Event Data Recorder Market Trend
Key Automotive Event Data Recorder Market Challenge
This automotive event data recorder market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global automotive event data recorder market as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive event data recorder market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the automotive event data recorder market encompasses successful business strategies deployed by the key vendors. The automotive event data recorder market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The automotive event data recorder market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the automotive event data recorder market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
For more insights on the market share of various regions Request for a FREE sample now!
36% of the market's growth will originate from North America during the forecast period. The US is the key market for automotive event data recorders in North America. Market growth in this region will be slower than the growth of the market in other regions.
The rising number of road crashes in the US and Canada will facilitate the automotive event data recorder market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The automotive industry in North America had shown resilience in the fourth quarter of 2020 and recovered from the economic downturn in Q1 of 2021. However, the sales of new vehicles in the US will not rebound to pre-COVID-19 levels until 2023. Several automobile vendors are adopting different strategies to overcome the challenges caused by the COVID-19 crisis.
To gain further insights on the market contribution of various segments Request for a FREE sample
The automotive event data recorder market share growth by the passenger cars segment will be significant during the forecast period. The demand for EDRs to be installed in passenger cars stems from an aftermarket fitment requirement. Insurance companies are offering EDRs as a fitment to track driving behavior and price insurance premiums accordingly.
This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive event data recorder market size and actionable market insights on post COVID-19 impact on each segment.
Automotive Event Data Recorder Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.86% |
Market growth 2022-2026 |
$ 1.32 billion |
Market structure |
Fragmented |
YoY growth (%) |
5.24 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 36% |
Key consumer countries |
US, China, Japan, South Korea, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Aptiv Plc, Cansonic Dash Cam, Continental AG, DENSO Corp., Digital Ally Inc., Garmin Ltd., Infineon Technologies AG, Octo Group S.p.A, PAPAGO Inc., Pittasoft Co. Ltd., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Squarell BV, Vacron, Veoneer Inc., and ZF Friedrichshafen AG |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.