Press release
Automotive ECU Market 2018-2024 Global Key Players: Magneti Marelli, Panasonic, Altera, Delphi Technologies, Continental AG, Denso, The Dow Chemical Company, Hitachi Automotive Systems, Hyundai Mobis, Infineon Technologies, Lear Corporation, Mitsubishi El
Automotive ECU Market
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ECUs in the utility and commercial vehicles provide several IoT-based functions, controlling and managing the overall engine capacity functions. Additionally, in commercial vehicles, the components offer efficient cabin test and control functions for door modules that require the complex handling and control, further driving the automotive ECU market growth. High consumption of the commercial vehicles across the globe due to increased industrial production capacity and government infrastructure development initiatives is driving the automotive ECU market growth.
Industry Growth drivers –
• Increasing demand for safety and comfort features in cars in North America
• Rising demand for electric vehicles in North America and Europe
• Increasing integration of advanced features in luxury vehicles in North America and Europe
• Rising production of autonomous and semi-autonomous vehicles in Europe and Asia Pacific
• Technological advancements in the electronics industry in Asia Pacific
• High automotive production coupled with rising safety standards in Asia Pacific
• Growing awareness of energy efficient cars in Asia Pacific and Latin America
• Rising installation of infotainment systems in vehicles in Latin America and MEA
Battery Electric Vehicles (BEVs) automotive ECU market accounted for over 30% share in terms of unit shipment in 2017 and is expected to grow due to the high demand for energy efficient vehicles across various regions. Several countries are focusing on improving their carbon emission rates and are developing various initiatives & programs to promote the adoption of these solutions. Major automobile manufacturing players are supporting the government initiatives to reduce the pollution rate and contribute to the sustainable goals achievement.
For instance, players including Nissan and BMW are developing the technologies and encouraging the customers and government to adopt energy-efficient vehicles. ICE vehicles are steadily rising in the automotive ECU market as they offer several benefits such as less noise, vibrations, and lower costs. However, International regulations for lowering carbon dioxide emissions are restricting the ICE vehicle market growth.
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High functionality required to control the rising communication options between electronic components has increased its complexity. The prioritization of development between hardware & software architectures will hamper the automotive ECU market growth. Low awareness about subsystems and difficulty of OEMs in maintaining & managing embedded controller enabled process is expected to challenge industry growth.
The communication & navigation segment is expected to witness high gains from 2016 to 2023. This can be attributed to rising consumer preference towards convenience technologies for enhanced driving experience. By 2021, India’s emerging and middle-class segment population base will be around 900 million, thereby providing new opportunities for automotive electronics control unit market demand.
The Europe automotive ECU market is expected to grow at a CAGR of over 5% from 2018 to 2024. The growth can be credited to the presence of large number of prominent automobile manufacturers in Germany, France, and Italy. In addition, the increasing government legislation and supportive policies are further expected to propel the automotive ECU market growth.
Mexico automotive electronics control unit market size was valued at over USD 1 billion in 2015 and is expected to witness significant gains. Surging investments in new auto factories will support the regional demand as the installed capacity is expected to grow at over 50% over the next five years.
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Key vendors in the automotive electronics control unit market include Advics Co., Ltd., Altera Corporation, Delphi Technologies, Atmel Corporation, Voxx International Corporation, Broadcom, Inc., Bosch Group, Calsonic Kansei Corporation, Continental AG, Denso Corporation, The Dow Chemical Company, Hitachi Automotive Systems, Ltd., Hyundai Mobis, Infineon Technologies, Johnson Controls, Inc., Lear Corporation, Mitsubishi Electric Corporation, Magneti Marelli S.p.A., Panasonic Corporation, Performance Electronics, Ltd., Texas Instruments Incorporated, ZF Friedrichshafen AG.
Browse Related Reports:
Automotive Electronics Market Trends & Forecast Report 2017-2024
Automotive Electronics Market size was valued over USD 206.33 billion in 2016 and will surpass USD 395.91 billion by 2024.
Key players in the market include Altera, Audiovox, Avago Technologies, Continental, Atmel, Denso, Delphi, Dow Corning, Bosch Group, Hitachi Automotive Systems, Infineon Technologies AG, Panasonic, Texas Instruments, TRW and Wipro.
https://www.gminsights.com/industry-analysis/automotive-electronics-market
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