DUBLIN--(BUSINESS WIRE)--The "Global Automotive Event Data Recorder (EDR) Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
Insurance premium discounts for vehicles with EDRs
The automotive insurance industry is evolving significantly in proportion to the global vehicle market. Automotive insurance providers are leveraging on technologies such as telematics installed in vehicles to track the driving behavior and calculate discounts. Several insurance providers in the US are offering discounts to their customers who have installed EDRs in their vehicles.
The insurance premium discounts offered by the insurance companies are encouraging vehicle owners to install EDRs in their vehicles. This is one of the key factors driving the growth of the global automotive event data recorder market size at a CAGR of nearly 6% during the forecast period.
Growing popularity of dashboard cameras for event recording
The adoption of dashboard cameras is helping fleet management companies to effectively track the movement of their vehicles and the driver's behavior. The integration of connected technologies and cloud technologies with dashboard cameras will increase the demand for automotive dashboard cameras. This trend is expected to fuel the growth of the global automotive event data recorder market size.
The report looks at factors such as the rising number of road accidents across the world, insurance premium discounts for vehicles with EDRs, and favorable regulatory environment supporting EDR adoption.
However, high investments associated with the installation of EDRs and their supporting technologies, technological advancements in automotive safety features, and issues about data privacy may hamper the growth of the global automotive event data recorder market size.
The automotive event data recorder market analysis considers the application of EDR in passenger cars and commercial vehicles. The analysis also considers the use of EDR in APAC, Europe, MEA, North America, and South America.
In 2018, the passenger vehicles segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the free installation of EDRs from insurance companies will play a significant role in the passenger vehicles segment to maintain its market position.
With the presence of several players, the global automotive event data recorder market is moderately fragmented. This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several automotive event data recorder companies, that include:
- Robert Bosch
Also, the automotive event data recorder market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Key Topics Covered
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
- Comparison by application
- Passenger cars - Market size and forecast 2018-2023
- Commercial vehicles - Market size and forecast 2018-2023
- Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic comparison
- North America - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
- Growing popularity of dashboard cameras for event recording
- Development of autonomous vehicles to drive EDR adoption
- Implementation of 5G technology and integration of eCall systems with other onboard systems
PART 12: VENDOR LANDSCAPE
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Robert Bosch
For more information about this report visit https://www.researchandmarkets.com/r/e59ak7