Press release
Automotive ECU Market 2018: Shares, Outlook, Size by Trends With Major Eminent Players: Autoliv, Inc., Continental AG, Delphi Automotive PLC, TRW Automotive, Robert Bosch GmbH
Automotive ECU Market Growth, Automotive ECU Market Trends
Automotive ECU Market: Industry Trend Analysis
In 2012, the global automotive ECU market was valued around USD 27.48 billion and is expected to reach roughly USD 52.87 billion maintaining a compound annual growth rate (CAGR) of 6.07% over the projected period owing to increasing concentration on cost actuated by the strict regulations in the automotive ECU industry. Rising implementation of ECU in electric vehicles, due to rising energy efficiency awareness is likely to be a key driving factor for the global market. The automotive ECU has application over several segments involving utility vehicles, commercial vehicles, and passenger cars. Rising spending on automotive ECU’s research and development to build low-cost parts for a variety of electronic control systems is anticipated to drive the growth of the global market.
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Automotive ECU Market: Competitive Outlook
The major market players employ strategies such as Focus on contracts, agreements, mergers and acquisitions with other market players for the supply of their product to maintain their high industry share. The key market players in global automotive ECU market are Autoliv, Inc., Continental AG, Delphi Automotive PLC, TRW Automotive, Robert Bosch GmbH, Denso Corporation, and Hitachi Automotive. Continental AG has been the leader in the global market subsequent to Bosch and Denso. Invention and application expertise, market knowledge, wide quality products, has allowed Continental AG to achieve loyal and large consumer base. ConnectedDrive technology by BMW offers various apps for downloading to the iDrive multimedia system which is installed in the vehicle. This eliminates the need to develop new hardware and systems, thus elaborating the opportunity of the offered infotainment system.
Automotive ECU Market: By Application
• Safety & Security Systems
• Entertainment Systems
• Powertrain Electronics
• Communication & Navigation Systems
• Chassis Electronics
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Key findings of the automotive ECU market
• In 2013, security & safety systems section reported for a major share of the market and is anticipated to produce high revenue further over the forecast years.
• Rise in production and sales of vehicles and strict governmental legislations for passenger safety boost the automotive ECU market growth; whereas perfect incorporation of ECU system is a key challenge that might hamper the ECU market growth.
• Asia Pacific region is predicted to experience elevated growth owing to growing safety installations and augmented production activities. In North America, newly deployed warning systems for aboard diagnostics systems that assist proprietors to observe emissions are likely to propel the market.
• Key participants of this market are Continental AG, Denso Corporation, Autoliv, Inc., Delphi Automotive PLC, TRW Automotive, Hitachi Automotive, and Robert Bosch GmbH.
Automotive ECU Market: Regional Outlook
Exponential expansion in the logistics market aside from growing information regarding drive safety is anticipated to fuel the growth of automotive ECU in the European region. Rising demand for navigation and telematics systems in European regional market is anticipated to be a key trend in this market. The expansion of gestures control units & proximity sensors, low-cost digital radio installations and natural language voice key to connected services are the few factors that likely to boost the growth of European regional market. Asia-Pacific region is anticipated to experience considerable growth during the forecast years. This can be assigned to growing safety installations per automobile with measures like China V for light-duty automobiles. Demand in North America regional market may differ owing to decreasing high modification to innovative technologies.
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