The new report by Expert Market Research titled, ‘Global Automotive Electronic Control Unit Market Share Report and Forecast 2022-2027’, gives an in-depth analysis of the global market, assessing the market based on its segments such as types, vehicle types, technologies, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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Automotive Electronic Control Unit Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2017-2027)
• Historical Market Size (2020): USD 40 Billion
• Forecast CAGR (2022-2027): 7%
Factors such as an increase in demand for automobiles, stringent safety regulations set by the government, rise in demand for advanced features in vehicles, and development related to manufacturing low-cost ECUs are expected to drive the market during the forecast period.
The rising adoption of integrated ECU and increasing emphasis on vehicle owner data protection are vital factors stimulating the market’s growth. Additionally, the growing trend of remapping automotive electronic control units to maximise vehicle performance is anticipated to create lucrative growth opportunities for the market.
Also, the increasing demand for electric and hybrid vehicles and the need for advanced driver assistance features are expected to provide lucrative growth opportunities for the market players.
Automotive Electronic Control Unit Industry Definition and Major Segments
A microcomputer that regulates electrical systems or subsystems of a vehicle is known as an electronic control unit. The automobile electronic control unit collects data from various sensors installed in a vehicle and uses that data to improve operations such as spark timing and in-car telematics.
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The various types, of the market are:
• Engine Control Unit
• Brake Control Module
• Suspension Control Module
• Powertrain Control Module
• Transmission Control Module
• Telematics Control Unit
• Others
Based on vehicle type, the market includes:
• Passenger Car
• Light Commercial Vehicle
• Heavy Commercial Vehicle
On the basis of technology, the market is divided into:
• Transmission Control System
• Engine Management System
• Anti-Lock Braking System
• Climate Control System
• Power Steering System
• Airbag Restraint System
• Body Control System
On the basis of region, the market is segmented into:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Automotive Electronic Control Unit Market Trends
Concerns over data security have increased in recent years as well. Access to vehicle owner data is crucial, but the cases of data theft have increased and have inclined consumers to protect their data. This increasing emphasis on vehicle owner data protection is expected to be a vital factor stimulating the market’s growth.
The improving personal disposable income levels and rising demand for passenger cars are expected to facilitate the global market’s growth in the coming years. Along with this, the rising utilisation of safety systems across standard vehicles and the escalating electrification of SUVs, light commercial vehicles, and passenger cars are predicted to boost the market growth in various regions.
Key Market Players
The major players in the market are:
- Robert Bosch GmbH
- DENSO Corporation
- BorgWarner Inc.
- Continental AG
- Hitachi Automotive Systems, Ltd.
- Marelli Automotive Lighting Reutlingen (Germany) GmbH
- Mitsubishi Electric Co.
- Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
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