Automotive Event Data Recorder (EDR) Market Report and Forecast 2025-2034

The automotive event data recorder (EDR) market is projected to grow by USD 1.64 Billion at a CAGR of 6.10% during the forecast period of 2025-2034.

The industry for automotive insurance is changing the automotive market parallelly. The increase in efforts by automotive OEMs to develop and test autonomous vehicles across different regions will boost the demand for the product during the forecast period. Thus, with the increase in the development of autonomous vehicles, the market for automotive event data recorder (EDR) is also increasing.

Market Segmentation

An event data recorder (EDR), sometimes referred to as an automotive “black box,” is a tool installed in automobiles to record information associated with car crashes or accidents. Automotive EDRs continuously record critical information of vehicles and track driving behaviour to produce evidence in case of accidents.

Market Breakup by Application

• Passenger Cars
• Commercial Vehicles

Market Breakup by Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Market Analysis

Vehicle insurance companies adopt a usage-based insurance model that calculates the insurance premium based on driving behaviour. Insurance suppliers use the data collected from vehicle-installed telematics devices as proof in the event of accidents, which is increasing the demand for automotive EDRs. Several insurance companies offer discounts on their vehicles to owners who adopt EDRs. The increased funding and investments in developing autonomous technologies are further aiding the market. These factors are anticipated to drive the development of the global automotive event data recorder (EDR) industry over the forecast period.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global automotive event data recorder (EDR) market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Veoneer Inc. (NYSE: VNE)
• Continental Engineering Services GmbH
• Aptiv Plc
• DENSO Corporation
• Robert Bosch GmbH
• Others

The report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.