Global Automotive Event Data Recorder Market 2024-2028

Global Automotive Event Data Recorder Market 2024-2028

The automotive event data recorder market is forecasted to grow by USD 979.6 mn during 2023-2028, accelerating at a CAGR of 4.5% during the forecast period. The report on the automotive event data recorder market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising number of road accidents across world, insurance premium discounts for vehicles with EDRs, and favorable regulatory environment supporting EDR adoption.

Technavio's automotive event data recorder market is segmented as below:

By Application

• Passenger cars
• Commercial vehicles

By Geography

• North America
• Europe
• APAC
• South America
• Middle East and Africa

This study identifies the growing popularity of dashboard cameras for event recording as one of the prime reasons driving the automotive event data recorder market growth during the next few years. Also, development of autonomous vehicles to drive EDR adoption and implementation of 5G technology and integration of ecall systems with other onboard systems will lead to sizable demand in the market.

The report on the automotive event data recorder market covers the following areas:

• Automotive event data recorder market sizing
• Automotive event data recorder market forecast
• Automotive event data recorder market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive event data recorder market vendors that include Aptiv PLC, Cansonic Dash Cam, Continental AG, DENSO Corp., Digital Ally Inc., Garmin Ltd., Infineon Technologies AG, OCTO Telematics S.p.A, PAPAGO Inc., Pittasoft Co. Ltd., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Squarell BV, Vacron, Veoneer Inc., and ZF Friedrichshafen AG. Also, the automotive event data recorder market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.