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Automotive Event Data Recorder Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

  • Published: Jul 2022
  • Pages: 142
  • SKU: IRTNTR45488
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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.

What will the Automotive Event Data Recorder Market Size be During the Forecast Period?

Automotive Event Data Recorder Market Size

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Automotive Event Data Recorder Market: Key Drivers, Trends, and Challenges

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

  • One of the key factors driving the global automotive event data recorder (EDR) industry growth is the rising number of road accidents across the world. 
  • Factors such as minimal use of safety systems, reckless driving habits, unsafe road infrastructure, and unsafe vehicles are primarily contributing to road traffic accidents in low- and middle-income countries.
  • The majority of the vehicles in developed regions such as the US have EDRs installed, which helps automotive regulators and automotive OEMs in these regions in accessing the fault level precisely.
  • Technical errors and vulnerable pedestrians are the other major causes of traffic crashes. A large number of road accidents is encouraging commercial vehicle users to install EDRs through the aftermarket, if not available, as OEM-fitted devices in their vehicles.
  • Russia witnesses high cases of road accidents and road rage due to poor road conditions, harsh winters, weak road safety, and law enforcement policies, which leads to unsafe driving practices, and a high number of road fatalities. This factor is leading to a faster adoption rate of camera-based EDRs such as dashboard cameras. 

Key Automotive Event Data Recorder Market Trend

  • Insurance premium discounts for vehicles with EDRs is one of the key automotive event data recorder (EDR) market trends that is expected to impact the industry positively in the forecast period.  
  • The global automotive insurance market is shifting from the conventional insurance model to the usage-based insurance model, wherein insurance premiums are calculated based on driving behavior.
  • Aftermarket EDRs can continuously record critical information about vehicles. The recorded information can be used to monitor driving behavior and as evidence in case of accidents. Hence, vehicle insurance providers offer discounts on premiums (5%-10%) for vehicles that are installed with EDRs such as dashboard cameras.
  • Progressive, a US-based insurance company, offers discounts on insurance premiums to drivers who have installed EDRs in their vehicles. Hence, the installation of EDRs in vehicles benefits drivers in terms of gaining discounts on insurance premiums. Thus, the automotive event data recorder market is expected to grow in the forecast years.

Key Automotive Event Data Recorder Market Challenge

  • One of the key challenges to the global automotive event data recorder (EDR) industry growth is the high investments needed to install EDRs and their supporting technologies.
  • In Europe, in 2015, the EU mandated the installation of the eCall technology in new cars from April 2018. In addition, the EU imposed a ban on telephone roaming charges across member states in 2014 to establish a favorable ecosystem for the interoperability of eCall systems across Europe.
  • The installation cost of an eCall system is around $112. OEMs are still unsure if the installation cost is to be absorbed by them or to be passed to customers. As a result, they have started bundling offerings to absorb the cost of the installation of eCall systems.
  • A few European nations such as the UK have voiced against eCall systems. This is because high investments need to be made in infrastructure for the implementation of these systems.
  • The high cost is expected to pose a challenge to market growth during the forecast period.

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.

Parent Market Analysis

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.

Who are the Major Automotive Event Data Recorder Market Vendors?

The report analyzes the market's competitive landscape and 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.
  • ZF Friedrichshafen AG

 

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.

Product Insights and News

  • Aptiv Plc - The company offers automotive event data recorders such as EP-150, EP-250, EP-1000, and others.
  • Continental AG - The company offers cardless ATM solutions such as Cardless Cash Withdrawal.

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.

Automotive Event Data Recorder Market Value Chain Analysis

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.

Which are the Key Regions for Automotive Event Data Recorder Market?

Automotive Event Data Recorder Market Market segmentation by region

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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. 

What are the Revenue-generating Application Segments in the Automotive Event Data Recorder Market?

Automotive Event Data Recorder Market Segmentation

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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

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What are the Key Data Covered in this Automotive Event Data Recorder Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive automotive event data recorder market growth during the next five years
  • Precise estimation of the automotive event data recorder market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive event data recorder industry across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive event data recorder market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Passenger cars - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Passenger cars - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Passenger cars - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Passenger cars - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Passenger cars - Year-over-year growth 2021-2026 (%)
    • 5.4 Commercial vehicles - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Commercial vehicles - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Commercial vehicles - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Commercial vehicles - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Commercial vehicles - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Application
      • Exhibit 36: Market opportunity by Application ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Japan - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.11 Germany - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.12 South Korea - Market size and forecast 2021-2026
      • Exhibit 78: Chart on South Korea - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on South Korea - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on South Korea - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on South Korea - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 Aptiv Plc
              • Exhibit 89: Aptiv Plc - Overview
              • Exhibit 90: Aptiv Plc - Business segments
              • Exhibit 91: Aptiv Plc - Key news
              • Exhibit 92: Aptiv Plc - Key offerings
              • Exhibit 93: Aptiv Plc - Segment focus
            • 10.4 Cansonic Dash Cam
              • Exhibit 94: Cansonic Dash Cam - Overview
              • Exhibit 95: Cansonic Dash Cam - Product / Service
              • Exhibit 96: Cansonic Dash Cam - Key offerings
            • 10.5 Continental AG
              • Exhibit 97: Continental AG - Overview
              • Exhibit 98: Continental AG - Business segments
              • Exhibit 99: Continental AG - Key news
              • Exhibit 100: Continental AG - Key offerings
              • Exhibit 101: Continental AG - Segment focus
            • 10.6 DENSO Corp.
              • Exhibit 102: DENSO Corp. - Overview
              • Exhibit 103: DENSO Corp. - Business segments
              • Exhibit 104: DENSO Corp. - Key news
              • Exhibit 105: DENSO Corp. - Key offerings
              • Exhibit 106: DENSO Corp. - Segment focus
            • 10.7 Garmin Ltd.
              • Exhibit 107: Garmin Ltd. - Overview
              • Exhibit 108: Garmin Ltd. - Business segments
              • Exhibit 109: Garmin Ltd. - Key offerings
              • Exhibit 110: Garmin Ltd. - Segment focus
            • 10.8 Infineon Technologies AG
              • Exhibit 111: Infineon Technologies AG - Overview
              • Exhibit 112: Infineon Technologies AG - Business segments
              • Exhibit 113: Infineon Technologies AG - Key news
              • Exhibit 114: Infineon Technologies AG - Key offerings
              • Exhibit 115: Infineon Technologies AG - Segment focus
            • 10.9 Octo Group S.p.A
              • Exhibit 116: Octo Group S.p.A - Overview
              • Exhibit 117: Octo Group S.p.A - Product / Service
              • Exhibit 118: Octo Group S.p.A - Key offerings
            • 10.10 Squarell BV
              • Exhibit 119: Squarell BV - Overview
              • Exhibit 120: Squarell BV - Product / Service
              • Exhibit 121: Squarell BV - Key offerings
            • 10.11 Vacron
              • Exhibit 122: Vacron - Overview
              • Exhibit 123: Vacron - Product / Service
              • Exhibit 124: Vacron - Key offerings
            • 10.12 Veoneer Inc.
              • Exhibit 125: Veoneer Inc. - Overview
              • Exhibit 126: Veoneer Inc. - Business segments
              • Exhibit 127: Veoneer Inc. - Key offerings
              • Exhibit 128: Veoneer Inc. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 129: Inclusions checklist
                • Exhibit 130: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 131: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 132: Research methodology
                • Exhibit 133: Validation techniques employed for market sizing
                • Exhibit 134: Information sources
              • 11.5 List of abbreviations
                • Exhibit 135: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Automotive Event Data Recorder Market market growth will increase by $1.32 billion during 2022-2026.
              The automotive event data recorder market market is expected to grow at a CAGR of 5.86% during 2022-2026.
              Technavio has segmented the automotive event data recorder market market by application (passenger cars and commercial vehicles) ,geography (North America, Europe, APAC, South America, and Middle East and Africa) , and geographic (North America, Europe, APAC, South America, and MEA).
              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., ZF Friedrichshafen AG are a few of the key vendors in the automotive event data recorder market market.
              North America will register the highest growth rate of 36% among the other regions. Therefore, the automotive event data recorder market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the automotive event data recorder market market growth are:
              • Rising number of road accidents across the world
              • Growing popularity of dashboard cameras for event recording
              The automotive event data recorder market market vendors should focus on grabbing business opportunities from the passenger cars segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
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              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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