Automotive Electronic Control Unit Market in Europe to exceed $20bn by 2024: Bosch Group, Denso Corporation, Continental AG, Hyundai Mobis, Lear Corporation, Hitachi and Delphi Technologies

The Europe automotive Electronic Control Unit market anticipated to exceed USD 20 billion by 2024 owing to the increasing demand for driving assistance systems in modern vehicles. Due to increasing accidents and road fatalities, regional governments are mandating the integration of ADAS and safety systems in vehicles. These factors along with a growth in the disposable income of consumers and spending capacity on luxury products is contributing to the industry expansion. Moreover, the presence of several leading auto makers in countries including Italy, Germany, etc. is accelerating the production of luxury and passenger cars in the region, which further creates impetus for the industry growth.

The Graphical Research study, titled “Europe Automotive Electronic Control Unit (ECU) Market Size By Capacity (16-bit, 32-bit, 64-bit), By Vehicle Type (Passenger Cars, Utility Vehicles, Commercial Vehicles), By Mode (Autonomous Vehicles, Conventional Vehicles, Semi-autonomous Vehicles), By Propulsion Type (BEVs, Hybrid Vehicles, ICE Vehicles), By Application (ADAS & Safety, Body Control & Comfort, Infotainment & Communication, Powertrain), Industry Forecast, 2018 – 2024”.

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32-bit components in the Europe automotive ECU market are expected to witness high popularity over the forecast timeline owing to advanced vehicle system requirements. Innovations in automobile systems such as automated and connected features require efficient vehicle communication and high processing speeds, which are not supported by the conventional 8-bit & 16-bit units. As a result, OEMs are increasingly deploying 32-bit control units that provide several benefits such as extended power provisions, reduced design complexity, etc. Moreover, reasonable costs of these components and added features are major factors creating a demand for 32-bit control units in the Europe automotive ECU market.

In Europe automotive ECU market, BEVs and HEVs are predicted to gain rapid traction due to the deployment of efficient energy management systems in these vehicles. Several control units are utilized in systems including engine management, drivetrain, powertrain, etc. further boosting the industry demand. Moreover, the growing sale of battery and electric cars to control carbon & hazardous gaseous emissions save fuel costs and is expanding the demand for several control units. Implementation of automated functions in batteries and electric vehicles for offering advanced features creates the need for such efficient control units and accelerates their consumption.

In the Europe automotive ECU market, the prominent companies include Bosch Group, Denso Corporation, Continental AG, Hyundai Mobis, Lear Corporation, Hitachi Automotive Systems, Mitsubishi Electric Corporation, Delphi Technologies, etc. To survive in such a highly competitive industry, companies are adopting various product development & design innovation strategies. Additionally, these companies have developed several dealerships and distribution networks globally to gain profits & strengthen the industry presence.

Browse key industry insights from this 2018 report Europe Automotive Electronic Control Unit (ECU) Market in detail along with the table of contents @
https://www.graphicalresearch.com/industry-insights/1126/europe-automotive-electronic-control-unit-market

Segments we Cover:

Europe Automotive Electronic Control Unit (ECU) Market, By Capacity
16-bit
32-bit
64-bit

Europe Automotive Electronic Control Unit (ECU) Market, By Vehicle-Type
Passenger cars
Utility vehicles
Commercial vehicles

Europe Automotive Electronic Control Unit (ECU) Market, By Mode
Autonomous vehicles
Conventional vehicles
Semi-autonomous vehicles

Europe Automotive Electronic Control Unit (ECU) Market, By Propulsion Type
BEVs
Hybrid vehicles
ICE vehicles

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Europe Automotive Electronic Control Unit (ECU) Market, By Application
ADAS & safety
Body control & comfort
Infotainment & communication
Powertrain

The above information is provided for the following countries:
Germany
UK
France
Italy
Spain
Benelux
Poland
Sweden
Russia

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