Automotive ECU Market - Global Revenue Growth Expectations in the Near Future

The automotive ECU market is projected to increase at a 6.1% CAGR from 2017 to 2022, reaching US$ 48,500.0 million. The market is projected to reach US$ 77,887.0 million by 2032.

Automotive ECU or Electronic Control Unit is a family of computer systems that controls and maintains the entirety of electronic, electrical and mechanical systems of a vehicle. ECU can be classified based on the functions such as Engine Control Module (ECM), Body Control Module (BCM), Electronic Brake Control Module (EBCM), Powertrain Control Module (PCM), Transmission Control Module (PCM), Suspension Control Module (SCM), Door Control Unit (DCM), Battery Management System (BMS), General Electric Module (GEM) and others. Automotive functions ranging from the movement of the windows to the amount of air-fuel mixture required for each engine cylinder has an ECU system embedded with it which is recorded, analyzed and stored in the microcontroller. Technological advancements in automotive technology has led to an increase in implementation of complex ECUs in a vehicle. Some of the automobile models running today on the roads have more than 80 different ECUs present in it.

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Automotive ECU Market Dynamics

Increased demand for technologically advanced vehicles like hybrid cars in the developed and developing countries is one of the major factors driving the growth of ECU market. Government regulations to reduce fuel usage and increasing demand for better mileage of the vehicles by the general public is another major factor leading to high growth of ECU market in the automotive industry. The steady growth of alternative vehicle choices such has the hybrid and pure electric cars in the developed nations has contributed significantly to the ECU market due to high complexities of these vehicles over conventional vehicles. Driver safety, security concerns, ease of driving, low maintenance demanded by the customers are also some of the factors driving the growth of ECU market.

The involvement of smartphones connected to the vehicle providing the driver with real time information about the state of vehicle is a major trend in recent times. These advanced ECU systems with the provision to connect with the smartphones easily can lead to an improvement in the growth of ECU systems.

An ECU system usually comprises of electronic and mechanical components working in tandem with each other. Perfect integration of these components is a major challenge which in turn can hinder the growth of the ECU market.

Automotive ECU Market: Regional Outlook

The Global Automotive ECU system market is segmented into seven geographical regions such as North America, Latin America, Western and Eastern Europe, Asia Pacific Excl. Japan (APEJ), Japan, Middle East and Africa (MEA). Automotive production hubs such as China, India, and South Korea in the APEJ region is anticipated to grow at a significant CAGR due to steady growth of automotive production and sales. North America has witnessed a steady growth rate in the adoption of hybrid and electric vehicles leading to improved sales of automotive ECU market in the region.

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Automotive ECU Market: Key Players

Some of the major players identified in the Global Automotive ECU Systems are:

Robert Bosch GmbH
Continental AG
Magneti Marelli S.p.A.
Denso Corporation
ZF TRW Automotive
Delphi Automotive
Autoliv Inc.
Hitachi Automotive Systems Ltd.
Takata Corporation
Mitsubishi Electric Co.
Panasonic Corporation
Hella KGaA Hueck & Co. (Hella)

Automotive ECU Market: Segmentation

Automotive ECU System Market can be segmented by vehicle type, sales channel and applications.

By Types:

Passenger vehicles
Internal Combustion Engines
Hybrid Vehicles
Battery Electric Vehicles (BEV)
Light Commercial Vehicles
Heavy Commercial Vehicles

By Sales Channel:

Original Equipment Manufacturer
Aftermarket

By Application:

Engine Control Module
Transmission Control Module
Powertrain Control Module
Airbag Control Module
Body Control Module
Electronic Braking Control Module
Steering Control Module
Climate Control Module

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

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Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.