(Delphi Technologies, Panasonic, Lear Corporation, Infineon Technologies, Denso, Continental, Broadcom) these are Major Players in Automotive ECU Market 2018-2024

Automotive Electronics Control Unit (ECU) Market size is set to exceed USD 95 billion by 2024; according to a new research report by Global Market Insights, Inc. The global shipment is expected to grow at a CAGR of approximately 6% from 2018 - 2024. Passenger vehicles are expected to grow at around 6% CAGR in the automotive ECU market. These vehicles include luxury cars that deploy the highest number of ECUs owing to their requirements for enhanced performance. Modern passenger cars deploy several automated features such as airbag security and energy-efficient engines.

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Industry Growth drivers:

1 Increasing demand for safety and comfort features in cars in North America
2 Rising demand for electric vehicles in North America and Europe
3 Increasing integration of advanced features in luxury vehicles in North America and Europe
4 Rising production of autonomous and semi-autonomous vehicles in Europe and Asia Pacific
5 Technological advancements in the electronics industry in Asia Pacific
6 High automotive production coupled with rising safety standards in Asia Pacific
7 Growing awareness of energy efficient cars in Asia Pacific and Latin America
8 Rising installation of infotainment systems in vehicles in Latin America and MEA

The rise in automobile production across the globe to cater to the increasing population requirement is further creating several opportunities for the automotive ECU market growth. The global automobile manufacturing market identifies smart connectivity and greener production initiatives, leading to an increased consumption of control units. Additionally, several favorable government reforms to control the road traffic and ensure driver safety drive the production of modern vehicles. For instance, the Chinese government has adopted its plan of policy-driven automotive and related components manufacturer consolidation to achieve economies of scale and improve the automotive business model.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Advics Co., Ltd.
2. Altera Corporation
3. Delphi Technologies
4. Atmel Corporation
5. Voxx International Corporation
6. Broadcom, Inc.
7. Bosch Group
8. Calsonic Kansei Corporation,
9. Continental AG
10. Denso Corporation
11. The Dow Chemical Company
12. Hitachi Automotive Systems, Ltd.
13. Hyundai Mobis
14. Infineon Technologies
15. Johnson Controls, Inc.
16. Lear Corporation
17. Mitsubishi Electric Corporation
18. Magneti Marelli S.p.A.
19. Panasonic Corporation
20. Performance Electronics, Ltd.
21. Texas Instruments Incorporated
22. ZF Friedrichshafen AG

Automotive ECU Market, By Application

• ADAS & Safety
• Body Control & Comfort
• Infotainment & Communication
• Powertrain

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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.

The 32 -bit controller segment in the automotive ECU market is expected to witness growth from 2018 to 2024. The controller components are mainly deployed in vehicles parts owing to the associated benefits that include lower power requirements and design simplifications. The conventional control units integrating 8-bit and 16-bit controllers have complex designs as compared to the advanced 32-bit options. Several automotive functions are supported by innovative controllers such as power tool processing, in-vehicle transmission, and modified engine management.

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.

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Key companies providing enhanced solutions in the automotive ECU market comprise Bosch Group, Hitachi Automotive Systems, Hyundai MOBIS, Delphi Technologies, Lear Corporation, Johnson Control, Continental AG, Mitsubishi Electric Corporation, Altera Corporation, and Magneti Marelli. Prominent players are focusing on the development of technically-advanced products to gain a competitive advantage.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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