Event Data Recorder Market Report

Event Data Recorders (EDRs) are the devices that track the vehicle data including acceleration, speed, braking, steering, and air-bag deployment. They can play a major role in highway safety by helping in the real-world data collection, in law enforcement, and understanding the particular aspects of a crash. The National Highway Traffic Safety Administration are taking initiatives to make EDRs compulsory in every new vehicle, be it cars, SUVs, or light vehicles, to prevent fatalities caused by road accidents.

Manufacturers to Integrate Smart Software in EDRs

VDO, Garmin, Philips, HP, Blackvue, Eheak, Incredisonic, Samsung-anywhere, Auto-vox, DEC, Cansonic Papago DOD, Blackview, Careland, Jado, Sast, DAZA, Kehan, GFGY, Wolfcar, MateGo, Newsmy, Supepst, and Shinco are some of the key manufacturers operating in the market. Market participants are focusing on integrating smart software while manufacturing Event Data Recorders to increase the efficiency of the system.

Increasing Road Accidents to Upsurge the Need for Event Data Recorder

Surge in the road accidents is likely to increase the need for the usage of Event Data Recorder in vehicles. Strict government regulations on vehicle safety is increasing the adoption of Event Data Recorder. Additionally, availability of insurance premium discounts for vehicles is compelling the vehicle owners to install Event Data Recorders. Additionally, emergence of Video Event Data Recorder is positively influencing the market growth. Technological advancements are likely to create lucrative prospects for the Event Data Recorder market.

Market Segmentation

By Product

● Portable Event Data Recorder

●  Integrated Event Data Recorder

By Application

● Automobile Manufacture Industry

●  Automobile Aftermarket Industry

Demand for Integrated Event Data Recorders may increase in the coming years. Event Data Recorders have to be connected to sensors, which are integrated with the vehicle’s engine and system, thus offering enhanced diagnostic and control functions. The report also offers detailed analysis of the key application segments including automobile manufacture industry and automobile aftermarket industry.

By Region

The researchers say that the demand for Event Data Recorder will increase in developed countries like Germany and the US as they have strict government policies on vehicle safety and the production of automobiles is also high. Asia Pacific is also not lagging behind as China is anticipated to create robust demand for Event Data Recorder. Moreover, awareness among consumers regarding the benefits of Event Data Recorder is increasing in this region.

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