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What's driving the Automotive Electronics Control Unit Market; Industry Growth? Infineon Technologies, Texas Instruments, Broadcom Inc., Lear Corporation, Panasonic, Continental, Delphi
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Automotive Electronics Control Unit Market size is set to exceed USD 95 billion by 2024. The global shipment is expected to grow at a CAGR of approximately 6% from 2018 - 2024.
Battery Electric Vehicles (BEVs) automotive electronics control unit 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. Major automobile manufacturing players are supporting the government initiatives to reduce the pollution rate and contribute to the sustainable goals achievement.
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
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
Browse Report Summery @ https://www.gminsights.com/industry-analysis/automotive-ECU-market-report
The Europe automotive electronics control unit 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 share.
Increasing installation of the advanced features and ADAS in autonomous and luxury vehicles is driving the automotive electronics control unit market growth. Luxury vehicles deploy a large number of ECUs and offer advanced driving assistance benefits and 360º radar sensing. Developments observed in the design and manufacturing of electric vehicles (EVs) and hybrid electric vehicles (HEVs) are the key trends that will positively impact the market growth. A major transition observed in the ECU implementation in these vehicles includes control unit degradation that deactivates the unnecessary elements and eliminates optional GPS signals and offers low current consumption, improved safety, and electric function management.
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The rise in automobile production across the globe to cater to the increasing population requirement is further creating several opportunities for the automotive electronics control unit (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.
Key companies providing enhanced solutions in the automotive electronics control unit 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.
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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