Press release
Europe Automotive Electronics Control Unit Market To Register Steep Gains By 2024, Stringent Government Mandates To Drive The Regional Industry
Automotive Electronics Control Unit Market
What factors would emerge as the chief driving forces for the growth of the automotive electronics control unit market?
Luxury vehicles, in an effort to increase their efficiency, appeal and to gain a competitive edge, have introduced an increasing number of ECUs that range from advanced driving assistance benefits to 360º radar sensing. With the privileges of luxury cars being in demand among all car owners, ECUs have come to be used in most high and mid segment vehicles as well.
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The increasing adoption of electric and hybrid vehicles are also trends that would positively impact the growth of the automotive electronics control unit industry in the coming years. In electric vehicles ECUs include control unit degradation which is designed for the deactivation of unnecessary elements and improvement of electric function management, safety and energy consumption.
Which kind of vehicles will witness the maximum implementation of automotive electronics control units?
The automotive electronics control unit market from passenger vehicles is expected to register a 6% CAGR over 2018-2024 as modern passenger cars have come to deploy various automated features such as energy-efficient engines and airbag security. Apparently, luxury passenger cars also deploy a number of ECUs as they are required for performance enhancement, further augmenting the industry growth via passenger cars.
However, ECUs are also deployed in commercial and utility vehicles that are designed to provide IoT-based functions that control and manage overall engine capacity functions. ECUs are in demand in commercial vehicles where they are needed to complex handling and control of components such as door modules. High consumption of the commercial as well as passenger vehicles is thus likely to escalate the growth of automotive electronics control unit market.
Will any certain kind of propulsion technology be more active in deploying ECUs rather than others?
Battery electric vehicles, that are keener on being energy efficient, have come to deploy an increasing number of ECUS, accounting for 30% of the total unit of shipments in 2017. But several countries across the world are now trying to bring down emission levels in the atmosphere which is encouraging governments to undertake initiatives and programs that are being directly responsible for the increased adoption of ECUs and the eventual growth of the automotive electronics control unit market. Major automobile manufacturers are working to support such government initiatives and increasing the adoption of ECUs in their vehicles.
Geographically, which region will witness substantial growth in the automotive electronics control unit market?
Europe automotive electronics control unit industry is expected to record a CAGR of 5% over 2018-2024. The substantial growth can be credited to the large number of reputed automobile manufacturers in located in Italy, Germany and France. Additionally, increasing government legislation and supportive policies for the encouragement to bring down emission levels are further anticipated to propel the automotive electronics control unit market share.
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Which are the key companies in the automotive electronics control unit market and what is their role in the growth of the industry?
Some of the pivotal companies delivering top-notch solutions in the automotive electronics control unit industry comprise Delphi Technologies, Bosch Group, Altera Corporation, Hyundai MOBIS, Hitachi Automotive Systems, Continental AG, Johnson Control, Mitsubishi Electric Corporation, Magneti Marelli, and Lear Corporation. Prominent players have been focusing on the development of technically advanced products to gain an advantage over their rivals. Another emerging trend is the development of self-driving cars and semi-autonomous depicting the most recent connectivity technologies. Not to mention, several companies in China and the U.S. have already commenced autonomous vehicle testing adhering to the domestic regulations.
Table of Contents (ToC) of the report:
Chapter 4 Automotive ECU Market, By Capacity
4.1 Key trends by capacity
4.2 16-bit
4.2.1 Market estimates and forecast, by region 2013 - 2024
4.3 32-bit
4.3.1 Market estimates and forecast, by region 2013 - 2024
4.4 64-bit
4.4.1 Market estimates and forecast, by region 2013 - 2024
Chapter 5 Automotive ECU Market, By Vehicle Type
5.1 Key trends by vehicle type
5.2 Passenger vehicles
5.2.1 Market estimates and forecast, by region 2013 - 2024
5.3 Utility vehicles
5.3.1 Market estimates and forecast, by region 2013 - 2024
5.4 Commercial vehicles
5.4.1 Market estimates and forecast, by region 2013 - 2024
Chapter 6 Automotive ECU Market, By Mode
6.1 Key trends by mode
6.2 Autonomous vehicles
6.2.1 Market estimates and forecast, by region 2013 - 2024
6.3 Conventional vehicles
6.3.1 Market estimates and forecast, by region 2013 - 2024
6.4 Semi-autonomous vehicles
6.4.1 Market estimates and forecast, by region 2013 - 2024
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
About Global Market Insights, Inc.
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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