Automotive EDR Market

Market Definition

The global Automotive EDR Market size was valued at USD 1.03 billion in 2022 and is predicted to reach USD 1.61 billion by 2030 with a CAGR of 5.71% from 2023-2030. Automotive EDR, short for Event Data Recorder is also known as a vehicle black box. It is a specialized electronic device installed in automobiles to capture and store critical data related to vehicle operations, performance, and events.

The purpose of an automotive EDR is to provide valuable information for accident reconstruction, vehicle safety research, and analysis of driver behaviour. It captures and stores data such as vehicle speed, braking activity, throttle position, engine RPM, seatbelt usage, airbag deployment, steering angle, and other relevant parameters. This data can be critical in determining the cause of accidents and evaluating the effectiveness of safety systems.

Market Dynamics and Trends

The increasing popularity of electric vehicles has led to a corresponding rise in the demand for EDR systems, as these systems are extensively used for capturing data related to battery performance, energy consumption, and many others. According to International Energy Agency (IEA), more than 10 million electric cars were sold worldwide in 2022 and sales are expected to grow by another 35% this year to reach 14 million.

Moreover, government regulations mandating the use of event data recorders (EDRs) in vehicles for safety and accident investigations are increasing the demand for EDR systems, thus leading to the growth of the automotive EDR market.

For instance, in Europe, the installation of EDRs has become compulsory in all new cars since March 2022, following the issuance of the general safety regulation in March 2019. Furthermore, by March 2024, existing vehicles in stock will also be required to have EDRs installed.

However, high cost of automotive EDR coupled with the lack of awareness of these devices in the developing countries is restraining the growth of the market. On the other hand, emergence of autonomous vehicles is expected to create ample growth opportunities for the market in the coming years. These autonomous vehicles generate a vast amount of data during their operation, including information about vehicle performance, sensor readings, navigation, and environmental conditions. This data is crucial for analyzing the vehicle's behavior, identifying potential issues, and improving safety and performance.

Market Segmentations and Scope of the Study

The automotive EDR market report is segmented on the basis of type, application, vehicle type, and region. On the basis of type, the market is classified into portable event data recorder and integrated DVD Event Data Recorder. On the basis of application, the market is classified into automotive manufacture industry and after market industry. On the basis of vehicle type, the market is bifurcated into passenger cars, and commercial vehicle. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising of North America, Europe, Asia-Pacific, and Row. 

Geographical Analysis

North America holds the predominant share of the Automotive (EDR) market at present and is expected to boost the market during the forecast period. The rising number of vehicle sales in the region is driving the growth of the market. According to International Energy Agency (IEA), in 2021, electric car sales in the United States experienced a significant increase, with their market share doubling to 4.5%, resulting in a total of 630,000 units sold.

Moreover, rising government initiatives in the region regarding the implementation of EDR in vehicles is further driving the growth of the market. For instance, in June 2022, The U.S. National Highway Traffic Safety Administration (NHTSA) proposed a new rule that would require automakers to collect more data from vehicle "black boxes." The proposed rule would increase the amount of data that EDRs collect, from five seconds to 20 seconds before a crash, and would also require EDRs to collect data at a higher frequency rate.

On the other hand, Asia-Pacific is expected to show a steady rise in the market owing to rising government initiatives in terms of implementing various safety measures to protect the citizens in response to the increasing number of road accidents in this region. For instances, in April 2021, China implemented event data recorders (EDRs) to all new vehicles that are manufactured in China or imported into China. Through this implementation, EDR improve road safety and provide valuable information about the cause of a crash, which can help to prevent future crashes. It is also expected to encourage manufacturers to improve the safety of their vehicles in the country.

In addition, the rising road accidents in the region is further increasing the demand for EDR in vehicles. According to the 2020 reports published by the World Health Organization (WHO), the number of deaths caused by road traffic accidents in India amounted to 212,596, accounting for 2.51% of the total deaths.

Competitive Landscape

The Automotive (EDR) industry comprising of various market players such as Bosch, Continental AG, Delphi Technologies, TRW Automotive, Visteon Corporation, Aptiv PLC, Denso Corporation, Mobileye, Veoneer, Inc. and Autoliv Inc. These market players are adopting various strategies on across regions to maintain their dominance in the global market.

For instance, in June 2023, Bosch released the ADS/ADS X Software Update Version 5.9, which brings significant enhancements to automotive event data recorder (EDR) technology. The update expands the coverage for model year 2023 vehicles and includes additional calibrations for advanced driver assistance systems (ADAS). Furthermore, it introduces 4,584 new special tests and incorporates 911 new system applications, ensuring improved performance and compatibility across a wider range of vehicles.

Key Benefits

• The report provides quantitative analysis and estimations of the automotive EDR market from 2023 to 2030, which assists in identifying the prevailing market opportunities.

• The study comprises a deep dive analysis of the automotive EDR market including the current and future trends to depict prevalent investment pockets in the market.

• Information related to key drivers, restraints, and opportunities and their impact on the global market is provided in the report. 

• Competitive analysis of the players, along with their market share is provided in the report.

• SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of roles of stakeholders.

Automotive EDR Market Key Segments

By Type

• Portable Event Data Recorder

• Integrated DVD Event Data Recorder

By Application

• Automotive Manufacture Industry

• After Market Industry

By Vehicle Type 

• Passenger Cars

• Commercial Vehicles

By Region

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • U.K.

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Netherlands

  • Finland

  • Sweden

  • Norway

  • Russia

  • Rest of Europe

• Asia-Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia-Pacific

• RoW

  • Latin America

  • Middle East

  • Africa

Key Players

• Bosch

• Continental AG

• Delphi Technologies

• TRW Automotive

• Visteon Corporation

• Aptiv PLC

• Denso Corporation

• Mobileye

• Veoneer, Inc.

• Autoliv Inc.