The report encompasses the forecast as well as analysis of the event data recorders market on a global and regional level. The study displays historical data of 2016 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million). Additionally, the market growth drivers, opportunities, limitations, and trends are also included in the event data recorders market report.
We have included industry analysis models in our report and extensively demonstrated the key business strategies and competitive landscape of the event data recorders market in our study.
Our study also includes an analysis of Porter’s Five Forces framework for understanding the competitive strategies used by market competitors. It also encompasses PESTLE analysis and SWOT analysis of players.
The report also offers an in-depth analysis of the market share of each industry player and gives an outline of the market position of key players in the event data recorders market. Moreover, the study offers wide coverage of key strategic improvements witnessed in the market such as acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, R&D activities, and geographical expansion of key players of the event data recorders market.
The study provides a decisive view of the event data recorders market by segmenting the wig market based on component, organization size, deployment types, and end-use industry vertical, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2020 to 2026. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Market participants are investing heavily in various types of automotive developments. The current focus of the automotive industry is on research and development. Event Data Recorders (EDR) is a technological development by the automotive industry owing to reduce road accidents and raise safety. It is connected via an intelligent transportation system. Government initiatives towards autonomous vehicles and growing public concerns towards safety are aiding the demand for event data recorders. Therefore, all these forces are propelling the event data recorders' market growth. However, growing data privacy concerns is curbing the growth of the event data recorders market. Moreover, to gain a competitive edge, the automobile manufacturers are taking strategic initiatives such as acquisitions and partnerships. Hence, it indicates that there will be an increase in demand for EDRs and as a result, it will influence the market over the forecast period.
The event data recorders market is segmented based on applications. OEM and aftermarket industry are the two segments that are categorized under the application segments. The EDR available in the aftermarket is less expensive than products of Original Equipment Manufacturers (OEM). Presently, consumer preferences towards OEM products are dominant in the market as it ensures that replacement components are of high quality. EDRs are mostly installed and used by vehicle manufacturers, insurance companies, law enforcement agencies, and researchers. Currently, North America and Europe hold a large market share and it is expected that developing economies such as China and India will boost the growth of the event data recorders market in the upcoming years.
Key players operating in the event data recorders market are Robert Bosch GmbH, Octo Telematics, Shenzhen DOME Technology Co., Ltd, COBAN Technologies, Digital Ally Inc., Shenzhen Relee Electronics & Technology Co,. Ltd, WatchGuard Video, VACRON, Zeitronix, Garmin Ltd, Pittasoft(BlackVue), Inc, Omnitracs, Safety Vision, LLC, Continental AG, and Harman International Industries, Inc amongst others.
Key Insights from Primary Research
Key Recommendations from Analysts
Market Share – By Application
Our Analysts and Consultants are working ceaselessly to congregate, identify, analyze, and portray the Actual Impacts of COVID-19 Global Pandemic in each of our published as well as ongoing research reports to Redefine and Revise Current and Future Market Trends, Growth Rates, And Market Size Projections across the Globe as well as in different Regions and individual Countries.
Still haven't found what you're looking for? Speak to our Custom Research TeamLearn More