Automotive Event Data Recorder Market Size

Automotive Event Data Recorder Market size was valued at USD 1.8 billion in 2023 and is estimated to register a CAGR of over 6% between 2024 and 2032. Rising mandatory vehicle safety regulations are significantly driving the growth of the market. Governments worldwide are implementing stricter safety standards that require vehicles to be equipped with event data recorders (EDRs) to record critical data during accidents. These regulations enhance vehicle safety by ensuring that crucial information, such as speed and braking patterns, is available for analysis in the event of a collision.

For instance, the European Union’s General Safety Regulation mandates that EDRs be installed in new cars to improve road safety and accident investigations. Similarly, the U.S. National Highway Traffic Safety Administration (NHTSA) has proposed rules requiring EDRs to collect data for safety and crashworthiness evaluations. As regulations become more stringent, the increasing demand for EDRs is expected to drive the market growth.

For instance, in July 2024, the event data recorder is set to become mandatory in all new cars registered in the EU starting July 2024. The EDR will enhance safety by providing reliable data for reconstructing accidents. Its introduction aims to standardize accident data collection and improve vehicle safety across Europe and beyond. Further, the increasing focus on enhancing driver and passenger safety is another key driver for the automotive event data recorder (EDR) market.

Automakers are integrating this technology to meet consumer demand for advanced safety features and to provide valuable data that can help prevent future accidents. As safety technologies such as advanced driver assistance systems (ADAS) become more prevalent, EDRs play a crucial role in recording and analyzing data to improve overall vehicle safety. This focus on safety drives both consumer adoption and regulatory support for EDR technology.

One major challenge with implementing Event Data Recorders (EDRs) is ensuring data privacy and security. EDRs collect sensitive information about vehicle operation and driver behavior, raising concerns about data access and usage. For instance, in the EU, strict data protection regulations under the General Data Protection Regulation (GDPR) require that data from EDRs be handled carefully to prevent unauthorized access or misuse. Ensuring compliance with these regulations while making data available for accident investigations can be complex and requires robust security measures.

Automotive Event Data Recorder Market Trends

A major ongoing trend in the automotive event data recorder (EDR) industry is the integration of these systems with advanced driver assistance systems (ADAS). As vehicles increasingly feature ADAS technologies such as automatic braking, lane-keeping assist, and adaptive cruise control, EDRs are evolving to record data from these systems. This integration allows for more comprehensive accident analysis by capturing data not only on traditional metrics like speed and braking but also on the performance and interventions of ADAS features.

For instance, if an automatic braking system is activated before a collision, the EDR can provide detailed insights into its performance, contributing to more accurate crash investigations and improved vehicle safety features.

In July 2023, Infineon Technologies launched advanced driver assistance systems (ADAS) and autonomous driving (AD) technologies with integrated EDR. Solutions such as the RASIC™ radar chips and AURIX™ microcontrollers are enhancing ADAS applications, improving system integration, and reducing complexity. These innovations support functions such as radar, camera, and sensor fusion. Additionally, new devices comply with ISO 26262 safety standards, ensuring high-speed interfaces and automated decision-making for features such as emergency braking.

Automotive Event Data Recorder Market Analysis

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Based on component, the market is divided into hardware and software. In 2023, the hardware segment accounted for a market share of around 72%. This segment is dominant, due to its essential role in capturing and storing critical accident data. EDR hardware, including sensors and recording devices, is fundamental for monitoring vehicle performance and recording data such as speed, braking, and steering inputs.

The reliability and accuracy of these hardwares components directly impact the effectiveness of accident analysis and reconstruction. Additionally, advancements in hardware technology, such as increased storage capacity and integration with other vehicle systems, drive the market growth by improving data capture and safety features.

However, the software component is growing rapidly due to its extensive application in data analytics for crash detection and insurance claims inspections. Leading companies have been innovating in the software segment of the Automotive EDR market.

For instance, in July 2023, Bosch introduced a new technology called the Bosch Car History Report (BCHR), which utilizes Event Data Recorder (EDR) data for used car sales. This innovative technology enables more accurate and efficient vehicle assessments by using objective digital data rather than solely relying on human inspection. It aims to improve vehicle evaluations by quantifying and visualizing damage to vehicle structures, particularly in cars equipped with ADAS systems.

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Based on vehicle type, the automotive event data recorder market is categorized into passenger vehicle, commercial vehicle, electric vehicle, and others. In 2023, the passenger segment accounted for the highest with a market share of around 53%. This dominance is driven by the high volume of passenger vehicles on the road and stringent regulatory requirements for safety features in consumer cars. As safety standards become more rigorous, the demand for EDRs in passenger vehicles increases to ensure compliance and enhance accident analysis.

Additionally, the higher adoption rate of advanced safety technologies in passenger cars compared to commercial and electric vehicles contributes to this dominance. The widespread use of EDRs in personal vehicles supports accurate crash investigations and improves overall vehicle safety.

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Asia Pacific dominated the global automotive event data recorder market with a major share of around 29% in 2023. The region is experiencing rapid growth in the market due to increasing vehicle production and rising safety awareness. Countries such as China and Japan are implementing stricter safety standards, which boost EDR adoption. Additionally, the growing automotive market and technological advancements in this region drive demand for advanced safety features, including EDR systems.

Further, North America is one of the leading markets, primarily due to the region's stringent safety regulations and high adoption rates of advanced vehicle technologies. The U.S. and Canada have established comprehensive standards for vehicle safety, which include mandatory EDRs to record critical accident data. Additionally, North America boasts a well-established automotive industry and a high rate of vehicle ownership, which further drives demand for EDR systems. The region's focus on enhancing road safety and accident investigations supports the widespread implementation of EDR technology.

Moreover, Europe is an important region in the automotive event data recorder market, driven by stringent safety regulations and the upcoming mandate for EDRs in all new cars by mid-2024. The EU's regulatory framework emphasizes accident analysis and vehicle safety, prompting widespread adoption. The region’s advanced automotive industry and focus on technological innovation further supports EDR growth.

Automotive Event Data Recorder Market Share

Robert Bosch GmbH, Continental AG, and ZF Friedrichshafen AG hold a significant market share of around 45% in the automotive event data recorder industry. These companies invest heavily in research and development, driving innovation in automotive event data recorder solutions. These companies leverage partnerships with vehicle OEMs, software, and sensor manufacturing companies to expand their market reach. Their strong distribution networks ensure that their charging as a service solution is readily available to consumers across various regions.

Additionally, these companies are increasingly integrating advanced technologies into their EDR systems, enhancing data accuracy and usability, which contributes to their dominance in the market.

Automotive Event Data Recorder Market Companies

The major players operating in the automotive event data recorder industry are:

• Robert Bosch GmbH
• Continental AG
• ZF Friedrichshafen AG
• Autoliv Inc.
• DENSO Corporation
• Harman International Industries, Incorporated
• Aptiv PLC
  

Automotive Event Data Recorder Industry News

• In June 2024, Toyota's Collaborative Safety Research Center (CSRC) announced fifteen new research projects to enhance automotive safety, focusing on driver behavior, crash avoidance, and injury mitigation. These projects, part of CSRC's current research phase, aim to address emerging trends and improve safety technologies and policies.
  
• In January 2024, OCTO Telematics introduced crash detection technology that transforms smartphones into crash sensors, enhancing road safety. By utilizing smartphones' existing sensors and AI algorithms, the technology detects severe crashes and automatically requests assistance without driver intervention. With widespread smartphone use in Europe and North America, this solution facilitates adoption and boosts vehicle safety. It also improves claims management for insurers and supports fleet operators with better duty of care and operational efficiency. The OCTO Digital Driver™ App offers easy installation and additional features, aligning with ESG goals for safer and smarter mobility.
  

The automotive event data recorder market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue ($Bn) from 2021 to 2032 for the following segments:

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Market, By Component

• Hardware
  • Event Data Recorder Unit
  • Sensors
    • Accelerometers
    • Gyroscopes
    • Speed Sensors
    • Brake Sensors
    • Airbag Deployment Sensors
  • Storage Devices
  • Power Supply Units
• Software
  • Data Analysis Software
  • Data Retrieval Software
  • Cloud-Based Platform

Market, By Vehicle

• Passenger Vehicle
• Commercial Vehicle
• Electric Vehicle
• Others

Market, By Application

• Accident Analysis
• Insurance Claims
• Vehicle Safety Improvement
• Driver Behavior Monitoring
• Others

Market, By Sales Channel

• OEM
• Aftermarket

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Nordics
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ
  • Southeast Asia
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA