Press release
Europe Automotive Electronics Control Unit (ECU) Market 2019: Evolving Technology, Trends and Industry Analysis to 2024
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According to the Graphical Research new growth forecast report 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”, estimated to cross USD 20 billion by 2024
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.
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.
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
Europe Automotive Electronic Control Unit (ECU) Market, By Application
ADAS & safety
Body control & comfort
Infotainment & communication
Powertrain
Browse key industry insights along with Table of Content @ https://www.graphicalresearch.com/industry-insights/1126/europe-automotive-electronic-control-unit-market
Contact Us:
Parikhit B.
Corporate sales,
Graphical Research
Email: sales@graphicalresearch.com
Web: https://www.graphicalresearch.com
About Graphical Research:
Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.
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