LONDON--(BUSINESS WIRE)--The automotive event data recorder market is expected to grow by USD 1.55 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the online tutoring services market in optimistic, probable, and pessimistic forecast scenarios.
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The automotive event data recorder market will witness a negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase as compared to 2019.
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Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Major Three Automotive Event Data Recorder Market Participants:
Aptiv Plc operates its business through the Advanced Safety and User Experience segment. The company offers Accident Data Recorder 2. it is a second-generation accident data recorder that records 1,000 samples per second data of key vehicle parameters prior to, during, and after a crash.
Continental AG operates its business through segments such as Chassis and Safety, Interior components, Powertrain components, Tires, and ContiTech. The company offers the event data recorder device as an optional software feature. It can be integrated into the Safety Domain Control Unit.
DENSO Corp. operates its business through segments such as Thermal Systems, Powertrain Systems, Electrification Systems, Mobility Systems, Electronic Systems, and Non-Automotive Businesses (Factory Automation and Agriculture). The company manufactures EDR for automotive OEMs such as Toyota Motor Corp.
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Automotive Event Data Recorder Market 2020-2024: Segmentation
Automotive event data recorder market is segmented as below:
- Passenger Cars
- Commercial Vehicles
- North America
- South America
The automotive event data recorder market is driven by insurance premium discounts for vehicles with EDRs and favorable regulatory environment supporting EDR adoption. In addition, other factors such as investments in developing autonomous vehicle technologies are expected to trigger the automotive event data recorder market toward witnessing a CAGR of over 5% during the forecast period.
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- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.