Automotive Event Data Recorder (EMR) Market: Global Size, Share, Trends, Growth and Forecast 2022-2032
Automotive Event Data Recorder (EDR) Market Overview and Definition
The global automotive event data recorder market is expected to grow by USD 1.32 billion, accelerating at a CAGR of 5.86% during the forecast period 2022-2032. An event data recorder (EDR) is a device fitted in automobiles to capture and record the information associated with the vehicle’s performance during an event of a crash.
As vehicles are usually fitted with ESP (electronic stability program) and ABS (anti-lock braking system), the less physical evidence is being left at collision scenes. This lack of physical evidence makes it difficult to reconstruct accidents. Also, device or driver errors are also difficult to detect without EDRs. In modern diesel trucks, EDRs are triggered by electronically detected engine problems or an abrupt change in wheel speed. One or more of such conditions may occur due to an accident. Hence, after a collision, data from EDRs can be collected and analysed to determine what the vehicles were doing before, during, and after the collision. In addition, EDR data helps to provide accurate assessment of safety benefits for various crash countermeasures, intelligent vehicle crash avoidance technologies, along with the current crash test procedures by creating objective data to better model pre-crash and crash events.
COVID Impact Analysis
COVID-19 has had a significant impact on the worldwide automotive industry. For instance, large-scale manufacturing disruptions are taking place across Europe, automotive parts shipments from China are being affected, and assembly plants in the United States are collapsing. This has led to the negative impact on automotive sector which is dealing with a downturn in worldwide demand. However, the industry has showed incredible resiliency in recent months. In the first quarter of 2022, the industry has recovered from the economic downturn, delivering year-over-year gains in new-vehicle sales in China, Europe, and the United States in recent months.
Automotive Event Data Recorder (EMR) Market Top Impacting Factors
Due to the rising preference towards electric vehicles in the developed countries such as USA along with the developing nations such as China, India, and others have raised the demand for electric vehicles (EV’s), which is ultimately fuelling demand for EDR’s. The EDRs are rapidly being employed in Electric vehicles due to the need for frequent maintenance. For instance, the working of the engine and other electrical components need to be monitored at regular intervals in EVs.
On the other hand, the EDR plays an important role by monitoring the performance of the vehicle that tracks and records different events occurring during the traveling. In addition, it is helpful in monitoring the battery level as well as other critical components of the electric vehicle that requires urgent attention by the user. The aforementioned features of EDR is further boosting growth of the market.
Furthermore, recently, China has approached a new technology related to electro mobility, which makes it mandatory for the user to share the data related to traction battery and associated environmental variables which is being converted into real-time data. The data is further transmitted from Vehicle’s bus systems to a transmission unit as a part of Real-Time Monitoring which is further shared with government servers. The insurance company uses real-time data most that help them in resolving the legal cases related to accidents. The real-time tracking system makes use of information available from the nearby environment and sensor systems installed in the vehicle.
Automotive Event Data Recorder (EMR) Market Regional Analysis
The global automotive event data recorder Market is dominated by North America in 2022. The National Highway Traffic Safety Administration (NHTSA) in this region is developing legislations to control the information gathered, transmitted, or shared by vehicles. In addition to this, passenger automobiles in this region are being produced and sold in greater numbers. This has further boosted demand for automotive event data recorder.
In addition to this, the increasing demand for convenience and premium features by consumers in this region is pushing OEMs to provide such features in its vehicles.
The market in Europe region is anticipated to grow at significant growth rate due to government policies and regulations associated with the road safety. For instance, in April, 2021, the General Safety Regulation (GSR) is passed by the European Parliament which has made event data recorders (EDR) to be mandatory in the EU for new automobiles, vans, heavy goods vehicles, and buses. New vehicles in the region will be required to be equipped with many Advanced Driver Assistance Systems under the new regulation (ADAS). On the other hand, court practices in Germany displays that manufacturers are increasingly being requested by the courts to provide this data. In addition to this, the Asia Pacific is projected to witness highest growth rate during the forecast period as the region has become an ideal location for vehicle manufacturers to set up their locations due to rising population as well as government policies encouraging industrial growth.
Automotive Event Data Recorder (EMR) Market Latest Trends
Personal safety during driving has been a huge concern for the governments of different countries and therefore regulations have been initiated accordingly. Mandatory compliance such as installation of EDR in commercial as well as personal vehicles has been increasing among the population. For instance, according to data made available by the government of US, minimum standards such as 49 CFR, Part 563 that includes speed, brake, and throttle information generated during the driving should be made available by the user for any further use.
In the China, the government is on the move of drafting a bill that will enforce an individual to share individual driving pattern data with the government for official use.
Moreover, NHTSA (National Highway Traffic Safety Association) has defined regulation 49 CFR Part 563, which enables sharing of accurate and reliable vehicle-specific crash event data. However, the vehicles such as motorcycles, agricultural, forestry vehicles, and other specific purpose vehicles need not equipped with EDR. The vehicles in the US, listed under the section “49 CFR Part 563.7” uses the EDR information for investigating the accidents and evaluates the systems. However, information related to accidents that involve pedestrians and cyclists is not recognized under legal laws due to the unfulfillment of EDR activation and trigger criteria.
Furthermore, the European Commission is also planning to implement and legally activate the EDR for new vehicle types by 2022. Also, China has planned to implement the EDR by January 2021.
Automotive Event Data Recorder (EMR) Market Segmentation
The automotive event data recorder market segmentation is based on the type, application and function. On the basis of type, the automotive event data recorder is bifurcated into portable event data recorder and integrated DVD event data recorder. Further, based on the application the market is divided into passenger cars and commercial vehicles. Automotive EDR by function segment is consist of the pre-crash vehicle dynamics and system status, driver inputs, vehicle crash signature, restraint usage/deployment status, and post-crash data.
Automotive Event Data Recorder (EMR) Market Key Companies
Aptiv Plc, Continental AG, DENSO Corp., Digital Ally Inc., Knorr Bremse AG, OCTO Group Spa, Robert Bosch GmbH, Squarell BV, Vacron, Veoneer Inc., Papago, Philips, HP, Garmin, Cansonic, Auto-vox, Samsung, Incredisonic are the major market players in the global automotive event data recorder market.