The
global automotive event data recorder (EDR) market is expected to post a CAGR
nearly +6% during the period 2019-2025.
Automotive
Event Data Recorder Market is evolving parallelly with the automotive market.
Vehicle insurance companies are adopting usage-based insurance model where the
insurance premium is calculated based on driving behavior. Insurance providers
use the recorded information from the telematics systems installed in vehicles
as evidence in case of accidents. Several insurance providers are offering
discounts to owners who adopt EDRs in their cars.
For instance, automobile insurance providers
in South Korea are offering discounts on premiums for vehicles that are
installed with EDRs such as dashboard cameras. Such benefits provided by
insurance providers will increase the adoption of automotive event data
recorders in vehicles. This is expected to drive the growth of the global Automotive
Event Data Recorder Market over the forecast period.
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The Research Insights added a compelling study and analysis
of the global Automotive Event Data Recorder Market
to the large gamut of its existing studies. This intelligence report includes
investigations based on current scenarios, historical records, and future
predictions. An accurate data of various aspects such as type, size,
application, and end user has been closely dissected in this study. It presents
a holistic overview of the competitive landscape of the industries. Thus,
aiming to help companies identify threats and challenges that businesses may be
susceptible.
Top Key Player Profiled
in this Report:-
VDO (Continental Corporation), Papago, Philips, HP, Garmin,
Cansonic, Auto-vox, Samsung-anywhere and Incredisonic
On the basis of the competitive scenario, the report
geographically has been divided into regions such as North America, Europe,
Asia Pacific, Middle East, and Latin America. North America has presently
demonstrated to be the fastest growing regional Automotive
Event Data Recorder Market. In the later section of the report, the
comprehensive study of the manufacturing cost structure and its evaluation has
been conducted.
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The major
highlights of the global Automotive Event Data Recorder Market research report:-
It offers a collection of prime information of
the global market
Business profiles of leading key players,
traders, and investor
Economic analysis of the global Automotive
Event Data Recorder Market
Government regulations and political stability
around the market.
Detailed analysis of client preferences and
industry awareness
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