Global Automotive Electronic Control Unit (ECU) Market expected to record a CAGR of ~6% during the forecast period (2017-2028): Ken Research

What Is The Size Of Global Automotive Electronic Control Unit (ECU) Industry?

Global Automotive Electronic Control Unit (ECU) market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 75 Bn by 2028.

The Automotive Electronic Control Unit (ECU) Market is largely driven by the rising trend of adopting integrated ECUs, growing demand for luxurious cars and innovation in the electric vehicle segment, and growing popularity of ADAS, parking assistance, AEB, and ACC features. Moreover, government mandates to reduce fuel usage also boost the automotive electronic control unit market growth.

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The automotive industry has witnessed tremendous growth as compared to a decade ago. Earlier the luxury vehicle segment was limited to Bentley, Rolls Royce, and Cadillac, but as consumers are getting more aware and demanding, some so many new entrants meet the growing demand.

The number of features in a vehicle is directly proportional to the number of ECUs integrated and thus faces a huge demand.

Moreover, with the introduction of electric vehicles, it has become easier for manufacturers to focus more on providing safety and luxury features. Electric vehicles also serve as a base for the development of autonomous vehicles, and thus the demand for ECUs is expected to reach unimagined heights.

The COVID-19 pandemic had a negative impact on the growth of the Automotive Electronic Control Unit Market. However, as the automotive industry began to stabilize in early 2021, the Automotive Electronic Control Unit (ECU) Market also started to show progress.

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Global Automotive Electronic Control Unit (Ecu) Market By Capacity

The Global Automotive Electronic Control Unit (ECU) market is segmented by Capacity into 16-bit, 32-bit and 64-bit.

The 32-bit segment dominated the market based on capacity in the Global Automotive Electronic Control Unit (ECU) Market in 2022.

As the vehicles include more features, it also requires high-end processing, due to which 32-bit ECUs are preferred over 16-bit ECUs. As per the current passenger vehicle segment, the 32-bit ECUs tend to be widely used due to more processing capabilities, and less expensive than 64-bit.

The 64-bit ECUs tend to have some specific applications in autonomous vehicles and thus are in lesser demand at present. Most of the auto component manufacturers and automotive electronics companies recommend upgrading from 16-bit ECU to 32-bit ECU.

Global Automotive Electronic Control Unit (Ecu) Market By Vehicle Type

The Global Automotive Electronic Control Unit (ECU) market is segmented by Vehicle type into Passenger Vehicle and Commercial Vehicles

Passenger vehicle segment held the largest market share in the Global Automotive Electronic Control Unit (ECU) market in 2022.

Passenger vehicle manufacturers often face the demand for the inclusion of several safety features and comfort features. Some of the widely demanded features in passenger vehicles include electronic braking and ABS, airbag deployments, crash detection, parking assist and lane assist, hi-tech infotainment systems, automatic climate control, adaptive cruise control, and others. As the demand for these features increases in passenger vehicles, the demand, and integration of several ECUs in the vehicles is expected to increase.

Global Automotive Electronic Control Unit (Ecu) Market By Application

The Global Automotive Electronic Control Unit (ECU) market is segmented by Application into ADAS & Safety Systems, Body Electronics, Powertrain, Infotainment and Others.

The powertrain segment accounted for the largest market share in the Global Automotive Electronic Control Unit (ECU) in 2022 by applications.

The powertrain segment is one of the essential ECUs that involves engine control, transmission control, and several other important factors for the error-free operation of a car. It is a basic ECU and is essential to be present in every vehicle produced. The powertrain ECU involves inputs from multiple sensors such as oxygen, air, temperature, and CO, among others.

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Global Automotive Electronic Control Unit (Ecu) Market By Propulsion Type

The Global Automotive Electronic Control Unit (ECU) market is segmented by Propulsion type into Electric, Hybrid and ICE.

Internal combustion engine (ICE) segment accounted for the largest market share by propulsion type in the Global Automotive Electronic Control Unit (ECU) Market in 2022.

ICE vehicles hold a high proportion in terms of the number of vehicles on-road and current productions. Although the initiatives and development pace of electric vehicles has increased, it yet has enough time to equally compete with the ICE vehicles. Over the period of the next 10 years, the automotive industry is expected to go through major changes which also involve a decline in the production of ICE vehicles. The electric vehicles segment is expected to fastest-growing during the forecast period.

Global Automotive Electronic Control Unit (Ecu) Market By Autonomous Level

The Global Automotive Electronic Control Unit (ECU) market is segmented by Autonomous level into Autonomous Vehicles, Conventional Vehicles and Semi-autonomous Vehicles.

Conventional vehicles held the largest market share in Global Automotive Electronic Control Unit (ECU) market in 2022.

The current status of autonomous vehicles has only been reached by level 2 of automation, however, there has been consistent progress yet the concern for safety remains. On the other hand, conventional vehicles including ICE and electric variants are being currently used in large numbers and are capable of housing multiple ECUs to meet the present market demand.

Key Topics Covered in the Report

Snapshot of the Global Automotive Electronic Control Unit (ECU) Market
Industry Value Chain and Ecosystem Analysis of the Automotive Electronic Control Unit (ECU) Market
Market size and Segmentation of the Global Automotive Electronic Control Unit (ECU) Market
Historic Growth of the Overall Global Automotive Electronic Control Unit (ECU) Market and Segments
Competition Scenario of the Automotive Electronic Control Unit (ECU) Market and Key Developments of Competitors
Porter's 5 Forces Analysis of the Global Automotive Electronic Control Unit (ECU) Industry
Overview, Product Offerings, and Strategic Developments of Key Competitors
COVID-19 Impact on the Overall Global Automotive Electronic Control Unit (ECU) Market
Future Market Forecast and Growth Rates of the Global Automotive Electronic Control Unit (ECU) Market and by Segments
Market Size of Application/End-User Segments with historical CAGR and Future Forecasts
Analysis of the Automotive Electronic Control Unit (ECU) Market in Major Regions
Major Production / Consumption Hubs in the Major Regions
Major Production/Supply and Consumption/Demand Hubs in Each Region
Major Country-wise Historic and Future Market Growth Rates of the Total Automotive Electronic Control Unit (ECU) Market and Segments
Overview of Notable Emerging Competitor Companies within Each Major Region

Major Players Mentioned in the Report

Veoneer Inc
Asentec Co Ltd
Robert Bosch GmbH
ZF Friedrichshafen AG
Continental AG
Denso Corporation
Hella KGaA Hueck & Co. (HELLA)
Sensata Technologies
Mitsubishi Electric
Sumitomo Electric Industries Ltd
Magneti Marelli
Aptiv

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Notable Emerging Companies Mentioned in the Report

MotoLink
Kendrion N.V.
MicroAutotech
Embitel
Napino Auto & Electronics Ltd.

Key Target Audience - Organizations and Entities Who Can Benefit by Subscribing This Report

Automotive Electronics Manufacturers
Semiconductor IP Suppliers
Semiconductor Chip Manufacturers
SoC and Hardware Suppliers
Vehicle Manufacturers
Auto Component Manufacturers
Government & Regulatory Authorities of Automotive Industry
Automotive Research institutes
PCB Designers and Manufacturers
Material Suppliers for ECUs
Components Suppliers for ECUs
Automotive Retailers
Investors in Automotive Industry
Software Developers & EV Component Manufacturers
Automotive OEMs
Start-ups & Incumbents in Automotive Electronics
Automotive Testing & Inspection Companies
Company Research and Development Institutes
Market Research & Consulting Firms
Banking and Financial Service Providers

Period Captured in the Report

Historical Period: 2017-2021
Forecast Period: 2022E-2028F

For More Insights On Market Intelligence, Refer To The Link Below: -

https://www.kenresearch.com/business-research/global-automotive-ecu-market-outlook-2028/

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This release was published on openPR.