The global automotive event data recorder market produced more than 27 million units in 2016 and is expected to surpass 62 million units by 2021, says Technavio.
Technavio has announced its latest market research report on the global automotive event data recorder market to its automotive electronics portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like Bosch, Digital Ally, and Octo Telematics.
According to Neelam Barua, a lead analyst for automotive electronics research at Technavio, “Establishment of different government regulations is encouraging the vendors to install safety systems in vehicles. The OEMs are introducing newer safety systems and the real-time efficacy of these systems are determined during the event of a crash or an avoided crash increasing the pressure to build superior systems.”
The vendors are developing systems that avoid grave road collisions and helps keep passengers safe during fatal accidents. EDRs provide information on the efficacy of these safety systems during actual accidents and are useful for identifying which safety systems are most needed in vehicles.
Evolving EDR technology with enhanced capabilities to record over 30 data points
The vendors are using advances in technologies such as sensor technology and IT to increase the number of data points that can be recorded. The new EDRs launched in the market can record over 30 data points. This innovation improves the utility of EDRs, resulting in the recording of more accurate data. The OEMs to continue research and development activities over the period of next four years to introduce superior safety systems in the market.
Growing popularity of video EDRs
Video EDRs collect data in video format and provide more accurate proof of the events that take place before and after an accident. The image sensing functionality in VEDRs help provide detailed information on the faulty functioning of in-vehicle safety products and the exact cause of death during a catastrophic road accident. This new technology will help reduce the number of accidents and improve the safety of these vehicles.
Ask an analyst to know more about this report
This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Automotive Event Data Recorder Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
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- Global Automotive Personal Navigation Systems Market 2016-2020
- Global Automotive Remote Diagnostics Market 2016-2020
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