North America Event Data Recorder Market was valued at USD 0.18 Billion in 2022 and is projected to reach USD 0.35 Billion by 2030, growing at a CAGR of 8.9% from 2024 to 2030.
In the rapidly evolving automotive landscape, Event Data Recorders (EDRs) have become indispensable. These devices, often likened to a vehicle's "black box," capture critical data during traffic incidents, providing invaluable insights for various stakeholders.
Accident Reconstruction: EDRs record parameters such as vehicle speed, brake application, and steering inputs immediately before and during a crash. This data is crucial for reconstructing accidents, aiding law enforcement, and informing legal proceedings.
Insurance Assessment: Insurers utilize EDR data to verify claims, determine fault, and combat fraud. Accurate data ensures fair premium calculations and expedites claim settlements.
Fleet Management: Companies managing large vehicle fleets employ EDRs to monitor driver behavior, optimize routes, and enhance overall safety. This proactive approach leads to reduced operational costs and improved efficiency.
Vehicle Design and Manufacturing: Automakers analyze EDR data to identify safety issues and improve vehicle designs, leading to the development of more robust safety features.
The surge in EDR implementation is influenced by several industry requirements:
Regulatory Mandates: North America's stringent safety regulations necessitate the integration of EDRs in vehicles. These mandates aim to enhance road safety and provide reliable data for accident analysis.
Technological Advancements: The advent of advanced driver-assistance systems (ADAS) and autonomous vehicles has increased the demand for sophisticated EDRs capable of recording complex data sets.
Consumer Demand for Safety: Modern consumers prioritize safety, prompting manufacturers to equip vehicles with EDRs to meet market expectations and enhance brand reputation.
The North American EDR market is experiencing significant growth. In 2024, the North America market was valued at approximately USD 27.72 billion, with projections indicating a rise to USD 35.07 billion in 2025 and reaching USD 229.97 billion by 2033, reflecting a robust CAGR of 26.5% during the forecast period. This growth is attributed to regulatory requirements, technological advancements, and increasing consumer awareness regarding vehicle safety.
Having observed the automotive industry's evolution, the integration of EDRs stands out as a pivotal advancement. These devices not only enhance safety but also provide transparency and accountability. The data derived from EDRs has been instrumental in refining vehicle designs and informing policy decisions, underscoring their value across the industry.
North America Event Data Recorder Market
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VDO
Supepst
Philips
HP
Garmin
Blackvue
Eheak
Samsung-anywhere
Incredisonic
Auto-vox
Cansonic
Papago
DOD
DEC
Blackview
Jado
Careland
Sast
Kehan
DAZA
GFGY
Wolfcar
MateGo
Newsmy
Shinco
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the North America Event Data Recorder Market
Automobile Manufacture Industry
Automobile Aftermarket Industry
Based on Types the Market is categorized into Below types that held the largest Event Data Recorder market share In 2023.
Portable Event Data Recorder
Integrated Event Data Recorder
North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the North America Event Data Recorder Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. North America Event Data Recorder Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Event Data Recorder Market, By Type
6. North America Event Data Recorder Market, By Application
7. North America Event Data Recorder Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Event Data Recorder Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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