Global Vehicle Electronic Control Units (ECU) Market Top Leading Players with Strategies and Forecast 2028

The vehicle ECU market is anticipated to grow at a significant CAGR of 5.8% during the forecast period (2022-2028). A vehicle's electronic, electrical, and mechanical systems are all controlled and maintained by a vehicle ECU, which is a family of computer systems. ECU systems are incorporated in automotive operations ranging from window movement to the quantity of air-fuel mixture necessary for each engine cylinder, which is recorded, processed, and stored in the microcontroller. Technological improvements and system innovation are the primary drivers of the industry. The industry is growing in developed countries due to the rising customer desire for driving ease and safety. Navigation and infotainment systems are becoming more widely used as standard equipment in most automobiles throughout the globe. To connect these systems, automotive connections from the central ECU are required. Other important factors driving the rapid growth of the vehicle ECU market are government requirements to lower fuel use and rising demand from the general public for automobiles with better mileage.
 
The global vehicle ECU market is segmented based on ECU type and application. Based on the ECU type, the market is sub-segmented into 16-bit ECU, 32-bit ECU, and 64-bit ECU. Based on the application, the market is sub-segmented into ADAS and safety systems, body control and comfort system, infotainment and communication system, and powertrain system. Among these applications, the ADAS & safety system segment is expected to propel the growth of the market due to the increasing demand for smart technology-driven vehicles along with safety systems.
 
The market players are also contributing significantly to the market growth by adopting various strategies, including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in September 2021, Lear and Hu Lane agreed to launch a joint venture producing connection products. This new venture, which is located in China, is planned to broaden the company's global provision of competitive connectivity systems and provide automakers with the capacity to harness architectural components. Similarly, in September 2021, Continental AG and Beijing Horizon Robotics Technology R&D Co. Ltd (Horizon Robotics) created a joint venture to provide hardware and software integrated solutions for advanced driver assistance systems (ADAS) and autonomous driving. They also inked an investment agreement with Shanghai Jiading Industrial Zone, which would house the new JV.

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Market Coverage
The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By ECU Type
By Application
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- Lear Corp., Robert Bosch GmbH, Nidec Corp., Continental AG, Aptiv PLC, Leopold Kostal GmbH & Co. KG, ZF Friedrichshafen AG, Autoliv Inc., and Magneti Marelli, among others.

A full report is available at: https://orionmarketreports.com/global-vehicle-electronic-control-units-ecu-market/109280/
 
Global Vehicle ECU Market Report by Segment
By ECU Type
16-bit ECU
32-bit ECU
64-bit ECU
By Application
ADAS & Safety System
Body Control & Comfort System
Infotainment & Communication System
Powertrain System

Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

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This release was published on openPR.