Global Automotive Event Data Recorder (EDR) Market Overview by Recent Opportunities, Growth Size, Regional Analysis and Forecasts to 2028

The automotive EDR market is anticipated to grow at a significant CAGR 5% during the forecast period (2022-2028). EDRs are similar to black boxes in that they capture a variety of data from the vehicle's safety systems in the seconds leading up to, during, and after a collision. Modern automobiles include a plethora of sensors and modules that collect data about the vehicle, including engine and performance data, anti-lock braking system (ABS) and supplemental restraint system (SRS, e.g., airbag) information, stability control, and practically all other systems. The information is saved in the airbag control module (ACM), which also regulates restraint systems such as airbags and pre-tensioners. There are nine data items that must be collected, each with a minimum sample rate and a defined format. These factors include the vehicle's speed if the brakes were deployed, and the engine throttle and seatbelt status. The major factor driving the growth of the market includes the increasing number of cases of road accidents globally. According to NCRB, in 2019, a total of 4,37,396 road accident cases were reported.

The global automotive EDR market is segmented based on the application. Based on the application, the market is sub-segmented into passenger vehicles and commercial vehicles. Among these vehicles, the passenger cars segment is expected to propel the growth of the market due to the increasing demand and usage of automotive EDR in passenger cars globally.
The market players are also contributing significantly to the market's growth by adopting various strategies, including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in 2019, the European Commission and the European Council agreed on a law that, starting in July 2022, would mandate additional safety measures in motor vehicles, which are analogous to "black boxes" in aeroplanes. In the event of a collision, the EDR will record a variety of data and input parameters from the onboard active safety and accident-avoidance systems. The information gathered may not reveal the drivers identify. Stakeholders in the sector are quite concerned about this new rule. The usage of the data acquired, on the other hand, is highly circumscribed, which should alleviate privacy worries. In terms of liability, the new laws appear to leave key problems about recording unanswered.

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Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028

• Segment Covered-
o By Application

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- Aptiv PLC, Continental AG, Denso Corp., Digital Ally Inc., Knorr Bremse AG, Octo Group Spa, Robert Bosch GmbH, Squarell BV, Vacron, and Veoneer Inc., among others.

Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

A full report of Global Automotive Event Data Recorder (EDR) Market is available at:
https://orionmarketreports.com/global-automotive-event-data-recorder-edr-market/110327/

Global Automotive EDR Market Report by Segment

By Application
• Passenger Vehicles
• Commercial Vehicles

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