|01-11-2019 04:23 PM CET - Business, Economy, Finances, Banking & Insurance||
Automotive Electronics Control Unit Market By Regional Revenue Industry Vendors - Magneti Marelli, Panasonic, Broadcom, Inc, Bosch, Continental, Lear Corporation, Texas Instruments, ZF Group, Johnson Controls, Denso, Delphi
Press release from: Global Market Insights
Automotive Electronics Control Unit Market size is expected to reach USD 95 billion by 2024. 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.
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Increasing demand for the integration of advanced features in the vehicles coupled with the growing vehicle production across various economies is driving the automotive ECU market growth. Safety concerns related to the vehicle connectivity parameters account for the use of technically-advanced control units. These components provide vehicles with controlling functionalities capable of managing the engine, transmission, and automated processes, further creating several automotive ECU market growth opportunities. Autonomous vehicles incorporate a high number of ECUs for driver-assisted and engine control systems, providing high efficiency and value. The components offer benefits in connected and automated vehicles including cruise control, traction control, driver security & assistance, and engine stability.
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. Lear Corporation
16. Mitsubishi Electric Corporation
17. Magneti Marelli S.p.A.
18. Panasonic Corporation
19. Texas Instruments Incorporated
20. ZF Friedrichshafen AG
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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.
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.
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.
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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.
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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