Press release
Global Electric Vehicle ECU Market Analysis To Grow At CAGR Of 46.26% Over period 2017-2021
An electric vehicle (EV) is powered by an electric motor for propulsion. An electric vehicle uses a battery to store energy, which is supplied to the electric motor through a controller. The controller regulates the energy flow from the battery to electric motor based on the power requirement. EVs first appeared in the market during the 19th century. However, they have high cost and short range compared with internal combustion engine (ICE) vehicles and limited proliferation of the EV market. As it moved into the 20th century, increased greenhouse gases (GHG) emissions from vehicles and environmental issues compelled countries to adopt alternative fuel vehicles (AFVs), which had lower or near-to-zero emissions. This has led the automakers to switch to hybrid and electric powertrain technology.
Technavios analysts forecast the global electric vehicle ECU market to grow at a CAGR of 46.26% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global electric vehicle ECU market for 2017-2021. To calculate the market size, the report considers the revenue generated by the sales of electric vehicle ECUs across the geographies.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Electric Vehicle ECU Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
DENSO
Delphi
Continental
Pektron
Hitachi Automotive
Other prominent vendors
Mitsubishi Electric
Aradex
MAHLE
Bosch
Sigra Technologies
Keihin Corporation
Metric Mind
Fuji Electric
EVS
Fujitsu
Minda Corporation
Market driver
Higher electronic content in EVs to drive the market for ECUs
For a full, detailed list, view our report
Market challenge
Software issues force OEMs to bear hefty recall costs
For a full, detailed list, view our report
Market trend
MAHLE Flexible ECU (MFE): A rapid prototyping engine controller
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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