Copyright FOURIN, Inc. 2022
China’s EDR Market Is Expected to Expand Following the Introduction of New Regulation
As automobiles become more widespread in China, investigating the causes of traffic accidents has become more complicated. For this reason, EDRs (event data recorders), which contribute to the investigation of the responsibility and cause of traffic accidents, have been attracting attention in China. Starting from January 1, 2022, it has become mandatory to install EDR in new vehicles. For now, the data to be recorded is limited to 17 items such as vehicle speed and door lock status; however, it will be raised to 60 items starting from January 2024.
Regarding the market size of EDRs, new passenger vehicle sales in 2022 are expected to maintain the level of more than 20 million units, so the EDR market is expected to generate more than 10 billion CNY in 2022.
China: Overview of EDR (As of April 2022)
|What is EDR?||・EDR (event data recorder) is an in-vehicle recording device that stores information when a traffic accident occurs. - In particular, it records accident data such as vehicle speed before and after the accident, engine RPM, accelerator and brake operation data, operating status of ABS and electronic stability control, whether or not seatbelts are fastened, and the angle of the steering wheel. - Accident data can be used for various purposes such as for vehicle safety measures in the event of a traffic accident, clarification of responsibility in civil trials and police investigations.|
|Regulation||・In April 2021, China’s Ministry of Industry and Information Technology announced a revised version of the regulation called "Vehicle Operation Safety Technical Conditions." - Passenger vehicles newly manufactured from January 1, 2022 are required to be equipped with a device that records vehicle information when a traffic accident occurs. The data recorded covers 17 items such as vehicle speed and door lock status. - For passenger cars manufactured from January 1, 2024, the number of recorded data items will be expanded to 60.|
|Market size||・According to media reports, the number of new vehicles equipped with EDR in 2020 was about 1.36 million units, indicating an installation rate of about 8%. The use of EDR is expected to increase significantly due to the introduction of the new EDR regulation. ・According to media reports, the market price of EDR systems has been 300-500 CNY. Calculated at 500 CNY, the EDR market is expected to generate more than 10 billion CNY in 2022 (if the new passenger vehicle market exceeds 20 million units).|