Press release
Automotive ECU Market Research Study including Growth Factors, Types and Application to 2030
Automotive ECU Market size was valued at USD 24.93 Billion in 2021 and is projected to reach USD 40.84 Billion by 2030, growing at a CAGR of 5.66 % from 2022 to 2030.Automotive ECU Market Definition
Automotive ECU Market or Electronic Control Unit may be a family of computer systems that control and maintain everything electronic, electrical, and mechanical systems of a vehicle. ECU is often classified as supported 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), etc.
Automotive ECU Market Overview
Since an increasing number of electronic control units per vehicle reduces the efficiency, various automotive giants are collaborating with OEMs to consolidate ECUs without affecting the functionalities. This subsequently saves space and reduces the load of the vehicle, hence, decreasing fuel consumption. The key purpose of ECU consolidation is to converge various electronic control units into one advanced ECU which will control multiple hardware functions. Awareness among consumers regarding the reduction in fuel consumption has led to substantial growth in demand for hybrid and battery electric vehicles.
Hybrid electric vehicles are driven by multiple power sources that reduce the consumption of fuel and simultaneously give the buyer a positive, smooth, and quiet driving experience. Aside from passenger cars, there's substantial demand for mass transit electric vehicles attributable to the evolving electric vehicle powertrain and battery management systems for electric vehicles.
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Global Automotive ECU Market: Major Players
Magneti Marelli
Weifu Group
Denso
Bosch
Hitachi Automotive
TRW
LinControl
Continental
Mitsubishi Electric
Delphi
Hyundai AUTRON
Troitec
UAES
Global Automotive ECU Market: By Types
Diesel Automotive ECU
Gasoline Automotive ECU
Global Automotive ECU Market: By Applications
Commercial Vehiclee
Passenger Vehicle
Global Automotive ECU Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Automotive ECU market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market from various perspectives through Porter's five forces analysis
• Provides insight into the market through Value Chain
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