Automotive Electronics Control Unit Market - Driving Factors and Trends of the Industry | Broadcom Inc., Panasonic, Texas Instruments, Continental, Delphi, Lear Corporation, Infineon Technologies
Increasing awareness about environmental protection and the use of electric vehicles across the globe are driving the automotive electronics control unit market. With the increasing need for reducing the global fuel usage and carbon emissions, the demand for electric vehicles is increasing rapidly.
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The participants are increasingly adopting low-pricing strategies to cater to the major OEMs and create entry barriers for new players in the automotive electronics control unit market. These companies are developing a competitive cost structure by increasing the product efficiency and minimizing the market complexity.
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
The 32 -bit controller segment in the automotive electronics control unit 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 electronics control unit market.
Automotive electronics control unit market is expected to reach USD 95 billion by 2024. Increasing demand for the integration of advanced features in the vehicles coupled with the growing vehicle production across various economies is driving the automotive electronics control unit market growth. Safety concerns related to the vehicle connectivity parameters account for the use of technically-advanced control units.
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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
Commercial vehicles are witnessing a rise in the implementation of control units, which is further driving the automotive electronics control unit 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 electronics control unit market.
Browse Related Report: https://www.marketwatch.com/press-release/inland-waterways-vessels-market-2018-2024-opportunities-application-and-regional-analysis-by-top-key-player-2019-06-18
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