Automotive Event Data Recorder Market: Key Geographic that will Drive Growth

Regional Growth Analysis and Market Trends 2021-2025

The automotive event data recorder market is set to grow by $ 1.14 bn, accelerating at a CAGR of almost 5% during the forecast period. This research report analyses the growth trajectory of the market with a purview to prevalent market scenario, trends, and drivers. It also provides competitive bench-marking of the key market players and their product portfolios.

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Automotive Event Data Recorder Market: North America to lead market growth during the forecast period

• 37% of the market growth will originate from North America during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Automotive Event Data Recorder Market size.
• Rise in Rising number of road accidents across the world will be a significant factor in driving the growth of the automotive event data recorder market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will thus enable clients to assess their play in the market and plan for growth opportunities.
• Market is segmented by Application (Passenger cars and Commercial vehicles) and Geography (North America, Europe, APAC, South America, and MEA).

Automotive Event Data Recorder Market: Key Competitors

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Aptiv Plc, Continental AG, DENSO Corp., Digital Ally Inc., Knorr Bremse AG, OCTO Group Spa, Robert Bosch GmbH, Squarell BV, Vacron, and Veoneer Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

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The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerate at a CAGR of over 5%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 1.14 bn through 2021-2025.
    
3. What is a key factor driving this market?
   Rising number of road accidents across the world will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   37% growth will originate from North America
    
6. Who are the leading market vendors?
   The leading vendors in this market are Aptiv Plc, Continental AG, DENSO Corp., Digital Ally Inc., Knorr Bremse AG, OCTO Group Spa, Robert Bosch GmbH, Squarell BV, Vacron, and Veoneer Inc.
    
7. What are the market segments covered in this report?
   The market is segmented by Application (Passenger cars and Commercial vehicles) and Geography (North America, Europe, APAC, South America, and MEA).

Automotive Event Data Recorder Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025

Technavio has been monitoring the automotive event data recorder market and it is expected to grow by $ 1.14 bn, accelerating at a CAGR of almost 5% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

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Automotive Event Data Recorder Market: Key Trends to impact market growth

North America will record a fast growth rate during 2021-2025, owing to which the region should offer several growth opportunities to market vendors. 37% of the market growth will originate from North America during the forecast period. The US is the key market for automotive event data recorder market in the region. This research report provides a detailed impact analysis of all the trends that are likely to influence the growth of the market in focus.

Automotive Event Data Recorder Market: Top Drivers to Boost Demand

The rising number of road accidents across the world is one of the primary factors that will drive the growth of the automotive event data recorder market. The report provides a detailed study of all the factors that are likely to boost the market. This analysis will enable clients to leverage growth opportunities to their advantage and set their business

Vendor Analysis: Aptiv Plc, Continental AG and DENSO Corp. are key growth contributors

The market is fragmented. The research report provides insights into the top market player and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Aptiv Plc, Continental AG, DENSO Corp., Digital Ally Inc., Knorr Bremse AG, OCTO Group Spa, Robert Bosch GmbH, Squarell BV, Vacron, and Veoneer Inc. are some of the major market participants.

For more insights on this market: Download a Free Sample Report

Automotive Event Data Recorder Market: Key Highlights of the Report for 2021-2025

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive automotive event data recorder market growth during the next five years
• Precise estimation of the automotive event data recorder market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the automotive event data recorder market industry across North America, Europe, APAC, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of automotive event data recorder market vendors