Automotive Event Data Recorder Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Automotive Event Data Recorder Market was valued at USD 1.8 billion in 2023 and is projected to grow at a CAGR of over 6% from 2024 to 2032. The surge in mandatory vehicle safety regulations is a primary catalyst for this market's expansion. Governments globally are enforcing stringent safety standards, mandating vehicles to be fitted with event data recorders (EDRs) to capture vital data during accidents. Such regulations bolster vehicle safety, ensuring essential information-like speed and braking patterns-is accessible for post-collision analysis.

For example, the European Union's General Safety Regulation requires new cars to have EDRs, aiming to bolster road safety and streamline accident investigations. In the U.S., the National Highway Traffic Safety Administration (NHTSA) has introduced rules for EDRs to gather data pertinent to safety and crash evaluations. With regulations tightening, the surging demand for EDRs is poised to propel market growth.

A notable trend in the automotive EDR sector is the melding of these systems with advanced driver assistance systems (ADAS). As vehicles adopt ADAS technologies-like automatic braking and lane-keeping assist-EDRs are adapting to capture data from these innovations. This synergy enriches accident analysis, allowing insights not just on conventional metrics like speed but also on ADAS interventions. For instance, should an automatic braking system engage pre-collision, the EDR's insights can refine crash investigations and bolster vehicle safety features.

The global automotive event data recorder industry is classified based on component, vehicle, application, and region.

The market, segmented by components, divides into hardware and software. In 2023, hardware dominated with a 72% market share. This supremacy stems from hardware's pivotal role in capturing and archiving crucial accident data. EDR hardware-spanning sensors to recording devices-monitors vehicle performance, logging metrics like speed and braking. The precision of these hardware components is vital for effective accident analysis. Moreover, technological strides-like enhanced storage and system integration-further fuel market growth by refining data capture and safety features.

Segmented by vehicle type, the market includes passenger, commercial, electric, and other vehicles. In 2023, passenger vehicles led with a 53% market share. This leadership is attributed to the sheer volume of passenger vehicles and stringent safety feature mandates. As safety standards intensify, so does the demand for EDRs in passenger vehicles, ensuring compliance and bolstering accident analysis. Furthermore, passenger cars' quicker adoption of advanced safety technologies, compared to their commercial and electric counterparts, reinforces this segment's dominance. The prevalent use of EDRs in personal vehicles not only aids crash investigations but also elevates overall vehicle safety.

Asia Pacific Automotive Event Data Recorder Industry commanded a significant 29% share in 2023. This growth is fueled by surging vehicle production and heightened safety consciousness. Nations like China and Japan are tightening safety standards, further propelling EDR adoption. Coupled with a burgeoning automotive sector and regional technological strides, there's a pronounced demand for advanced safety features, EDR systems included. North America, with its rigorous safety regulations and swift adoption of advanced vehicle technologies, stands as another key market. Both the U.S. and Canada have instituted comprehensive vehicle safety standards, underscoring the necessity of EDRs for critical accident data capture.

Product Code: 10819

Chapter 1 Methodology and Scope

1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
1.2 Base estimates and calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimation
1.3 Forecast model
1.4 Primary research and validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
1.5 Market definitions

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Supplier landscape
- 3.2.1 EDR Hardware Providers
- 3.2.2 EDR Software Providers
- 3.2.3 Distributors/ Logistics
- 3.2.4 End user
3.3 Profit margin analysis
3.4 Technology and innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Increasing Mandatory Vehicle Safety Regulations
  - 3.8.1.2 Rising Road Safety Awareness
  - 3.8.1.3 Advancements in Data Analytics and Connectivity
  - 3.8.1.4 Growing Demand for Advanced Driver Assistance Systems (ADAS)
- 3.8.2 Industry pitfalls and challenges
  - 3.8.2.1 Data privacy and security concerns
  - 3.8.2.2 Integration with existing vehicle systems
3.9 Growth potential analysis
3.10 Porter's analysis
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share
4.3 Competitive analysis of major market players
4.4 Competitive positioning matrix
4.5 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Component, 2021-2032 ($Bn)

5.1 Key trends
5.2 Hardware
- 5.2.1 Event data recorder unit
- 5.2.2 Sensors
  - 5.2.2.1 Accelerometers
  - 5.2.2.2 Gyroscopes
  - 5.2.2.3 Speed sensors
  - 5.2.2.4 Brake sensors
  - 5.2.2.5 Airbag deployment sensors
- 5.2.3 Storage devices
- 5.2.4 Power supply units
5.3 Software
- 5.3.1 Data analysis software
- 5.3.2 Data retrieval software
- 5.3.3 Cloud-Based platform

Chapter 6 Market Estimates and Forecast, By Vehicle, 2021-2032 ($Bn)

6.1 Key trends
6.2 Passenger vehicle
6.3 Commercial vehicle
6.4 Electric vehicle
6.5 Others

Chapter 7 Market Estimates and Forecast, By Application, 2021-2032 ($Bn)

7.1 Key trends
7.2 Accident analysis
7.3 Insurance claims
7.4 Vehicle safety improvement
7.5 Driver behavior monitoring
7.6 Others

Chapter 8 Market Estimates and Forecast, By Sales Channel, 2021-2032 ($Bn)

8.1 Key trends
8.2 OEM
8.3 Aftermarket

Chapter 9 Market Estimates and Forecast, By Region, 2021-2032 ($Bn)

9.1 Key trends, by region
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Russia
- 9.3.7 Nordics
- 9.3.8 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 ANZ
- 9.4.6 Southeast Asia
- 9.4.7 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.5.4 Rest of Latin America
9.6 MEA
- 9.6.1 South Africa
- 9.6.2 Saudi Arabia
- 9.6.3 UAE
- 9.6.4 Rest of MEA

Chapter 10 Company Profiles

10.1 Aptiv PLC
10.2 Autoliv Inc.
10.3 Continental AG
10.4 Delphi Technologies PLC
10.5 DENSO Corporation
10.6 Harman International Industries, Incorporated
10.7 Hitachi Automotive Systems, Ltd.
10.8 Hyundai Mobis Co., Ltd.
10.9 Infineon Technologies AG
10.10 Magna International Inc.
10.11 Mitsubishi Electric Corporation
10.12 Murata Manufacturing Co., Ltd.
10.13 NXP Semiconductors N.V.
10.14 Panasonic Automotive Systems Company of America
10.15 Robert Bosch GmbH
10.16 Robertshaw Controls Company
10.17 TRW Automotive Holdings Corp.
10.18 Valeo SA
10.19 VDO Automotive AG
10.20 ZF Friedrichshafen AG