China’s automotive EDR industry has the characteristics of many industries involved in the industrial chain and high qualification access barriers. At the same time, China’s automotive EDR industry is in the stage of market popularization and implementation. According to the data report of cheetah Research Institute, the transaction volume of China’s automobile EDR market increased from 1.98 billion yuan in 2017 to 32.2 yuan in 2021, with an average annual compound growth rate of 12.9%.
Then, under the background of the continuous growth of the production and sales of Shanxi Guoxin Energy Corporation Limited(600617) cars and passenger cars and the rapid growth of the demand for EDR equipment loaded on passenger cars, this report will study and analyze the overall upstream and downstream market, market scale and driving factors.
Definition of automotive EDR equipment
EDR (event data recorder system), similar to the “black box” used in cars, refers to the equipment used to record real-time data (including turning speed, braking, steering action, ABS operation, etc.) during vehicle driving. At the same time, it can record the data of various stages of automobile accidents. Its equipment has high impact resistance and damage resistance.
The market scale of China’s automotive EDR industry continues to grow
China’s automotive EDR industry chain is highly influenced by national policies and the downstream intelligent networked vehicle market, and has a long certification and testing cycle. According to the data report of cheetah Research Institute, its industry is in the stage of market popularization and landing, and its trading volume has reached 3.22 billion yuan in 2021, which will show a continuous growth trend for the next five consecutive years.
Downstream demand promotion and favorable policies drive the development of the industry
With the increase of data storage demand of new energy vehicles and intelligent Internet connection, and the continuous growth of passenger vehicle production and sales, the scale of China’s EDR market is expected to increase steadily. In addition, from 2017 to 2020, China’s Ministry of industry and information technology, the National Standards Commission, the Ministry of transport and other departments or institutions have successively issued policies to vigorously implement the development of automotive EDR and related vehicle networking terminal monitoring equipment. Under this background, China’s EDR industry will usher in a good opportunity for development.
