The new report by Expert Market Research titled, ‘Global Automotive Electronic Control Unit Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global automotive electronic control unit market, assessing the market based on its segments like 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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The key highlights of the report include:
Market Overview (2017-2027)
• Historical Market Value (2020): USD 40 Billion
• Forecast CAGR (2022-2027): 7%
Automotive electronic control units are widely utilised to bolster the capabilities of an automobile. In this regard, the increasing sales of passenger vehicles, owing to the rising disposable income and the increasing inclination towards personal mobility solutions, are driving the market growth. Over the forecast period, the growing adoption of navigation and infotainment systems in personal vehicles is anticipated to propel the demand for automotive electronic control units. Moreover, the emergence of smartphone lock systems, owing to the increasing cases of vehicle theft, is likely to provide impetus to the market in upcoming years. Geographically, the Asia Pacific accounts for a significant share in the market for automotive electronic control unit owing to the developed automotive infrastructure in countries like China and South Korea, among others.
Industry Definition and Major Segments
A device installed in the body of an automobile that is responsible for controlling electrical systems or subsystems in a vehicle is defined as an automotive electronic control unit. A modern automobile contains a number of electronic control units that control various functions, including engine, power steering control, locking system, among others.
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On the basis of type, the market can be segmented into:
• Engine Control Unit
• Brake Control Module
• Suspension Control Module
• Powertrain Control Module
• Transmission Control Module
• Telematics Control Unit
• Others
The significant vehicle types included in the market are:
• Passenger Car
• Light Commercial Vehicle
• Heavy Commercial Vehicle
Based on technology, the market can be classified into:
• Transmission Control System
• Engine Management System
• Anti-Lock Braking System
• Climate Control System
• Power Steering System
• Airbag Restraint System
• Body Control System
The regional markets for automotive electronic control unit include:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
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Market Trends
The key trends in the market for automotive electronic control unit include technological advancements in the subsystems of cars to increase their efficiency for better customer experience. Automotive electronic control units are crucial for the complex automotive network design of electric vehicles. In this regard, the increasing sales of electric vehicles are likely to be another key trend in the market. Additionally, the rising R&D activities by the major automotive manufacturers to manufacture self-driving cars are anticipated to propel the demand for automotive electronic control units in the forecast period. The market in the coming years is further anticipated to be aided by the increasing complexity of automobile designs.
Key Market Players
The major players in the market are Robert Bosch GmbH, DENSO Corporation, BorgWarner Inc., Continental AG, Hitachi Automotive Systems Americas, Inc., Marelli Automotive Lighting Reutlingen (Germany) GmbH, and Mitsubishi Electric Corporation, among 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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