Know the current status of automotive event data recorder market, after COVID pandemic hardly impacted the automotive sector

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.

With the mandatory integration of event data recorders within the vehicles, backed by strict regulation policies adopted by the governments in order to bring a clarity over the accidents and other hazardous events is also set to boost the market growth during the forecast period. Below data provides the volume of automotive event data recorder (million units):

Global Automotive event data recorder market recorded a sale of 1.56 Million units in 2018, which experienced a downward fall in 2020 reaching a value of 1.47 million units, owing to adverse impact of COVID on the automotive supply chain. However, with slight signs of recovery of automotive sector the event data recorder is estimated to reach a value of 2.99 Million units by 2026. (Source: Flair Intelligence)

Below table depicts the market share of top companies operating in the market

Companies Share (2020)
Continental Corporation: 20.36%
Auto-vox : 15.24%
Aptiv Plc : 10.45%
Denso Corp :8.24%
Digital Ally : 5.87%
Incredisonic: 5.24%
Others: 34.61%

The global automotive event recorder market primarily encompasses the following concepts such as market dynamics, value chain, competitive analysis both in terms of value and volume over the period from 2020 to 2025. Below listed are major companies and segments considered within the overall market scope:

Market Companies
VDO (Continental Corporation)
Papago
Philips
HP
Garmin
Cansonic
Auto-vox
Samsung-anywhere
Incredisonic

Segment by Type
Portable Event Data Recorder
Integrated DVD Event Data Recorder

By End User
Automotive Manufacture Industry (OEM)
Aftermarket Industry

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Automobile insurance agencies adopt a utilization-primarily based insurance version that calculates the coverage top class primarily based on riding behaviour. Insurance providers use the records amassed from automobile-installed telematics gadgets as evidence inside the occasion of injuries that is growing the call for for car EDR. Numerous insurance corporations provide discounts on their cars to owners who adopt EDR. The accelerated investment and investments in developing self-sufficient technology are similarly helping the market. Those factors are anticipated to propel the improvement of the worldwide automobile event recorder (EDR) industry over the forecast period.

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This release was published on openPR.