Automotive Electronics Control Unit Market 2018 Revenue by Industry Players – Altera, Atmel, Broadcom, Infineon Technologies, Lear Corporation, Panasonic, Texas Instruments

Asia Pacific automotive ECU market is expected to grow rapidly due to factors such as developments in the automotive industry and increasing requirements of the population for automobiles in countries including China and India. The economies are witnessing a significant growth in the sales of HEVs, further accelerating the ECU demand. 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.

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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 North America automotive ECU market has experienced a high demand due to innovations in the autonomous vehicle technology. Increasing automated and self-driving vehicle testing projects in the U.S. are driving the industry growth. Additionally, favorable government permits for carrying out the test procedures are accelerating the development of automated technologies.

Automotive ECU Market By Capacity
• 16-bit
• 32-bit
• 64-bit
Automotive ECU Market By Mode
• Autonomous
• Conventional
• Semi-autonomous
Automotive ECU Market By Propulsion Type
• BEVs
• Hybrid Vehicles
• ICE Vehicles
Automotive ECU Market By Application
• ADAS & Safety
• Body Control & Comfort
• Infotainment & Communication
• Powertrain

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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. Additionally, the trend of ECU miniaturization that lowers hardware costs and simplifies the design is further driving the automotive ECU market.

Semi-autonomous vehicles are expected to witness a rapid growth over the forecast timeline owing to the driving assistance features. These vehicles that incorporate the ECUs offer advantages such as critical safety functions, little human input, and better fuel efficiency. The growing demand for the vehicles is being witnessed in several regions such as Europe and North America due to the strong presence of global automobile players. The adaptive cruise control feature in the vehicles automatically adjusts the speed of the vehicle to maintain a safe distance from the nearby objects thereby supporting the industry demand.

Commercial vehicles are witnessing a rise in the implementation of control units, which is further driving the automotive ECU market growth. Major control unit functions in commercial vehicles, such as trucks and agricultural vehicles, include transition lighting, higher current, and sensing accuracy for smaller loads. For instance, Infineon Technologies offers its 24 V body ECUs to agricultural vehicles and high load capacity trucks in the automotive ECU market.

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Companies operating in the global automotive ECU market include Bosch Group, Denso Corporation, Delphi Technologies, Hyundai MOBIS, Hitachi Automotive Systems, Altera Corporation, Texas Instruments, Lear Corporation, Johnson Control, Panasonic Corporation, Voxx International Corporation, and Calsonic Kansei Corporation. The participants are increasingly adopting low-pricing strategies to cater to the major OEMs and create entry barriers for new players in the automotive ECU market. These companies are developing a competitive cost structure by increasing the product efficiency and minimizing the market complexity.

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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Corporate Sales, USA
Global Market Insights, Inc.
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This release was published on openPR.