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Global Automotive Electronic Control Unit (ECU) Market is expected to reach ~USD 75 Bn by 2028F: Ken Research

05-24-2023 12:28 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Ken Research Pvt .Ltd

Global Automotive Electronic Control Unit (ECU) Market

Global Automotive Electronic Control Unit (ECU) Market By End-User

The Global Automotive Electronic Control Unit (ECU) market is segmented by End-User into OEM and Aftermarket.

OEM segment accounted for the largest market share in the Global Automotive Electronic Control Unit (ECU) market in 2022.

Auto parts OEMs are directly associated with the vehicle manufacturers in supplying the original equipment as per the design standards and compatibility. The OEM automotive ECUs tend to be highly compatible as compared to aftermarket products because the OEMs form an agreement to supply their products for a specific vehicle model and even for all of the vehicle models of automotive manufacturers. Although OEM ECUs are expensive as compared to aftermarket ones, most vehicle manufacturers and service centers recommend using OEM parts as standard.

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Global Automotive Electronic Control Unit (ECU) Market By Geography

The Global Automotive Electronic Control Unit (ECU) market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.

Asia-Pacific region accounted for the largest share of the Global Automotive Electronic Control Unit (ECU) in 2022.

Asia Pacific region has been witnessing a huge demand for hi-tech in-vehicle infotainment and communication services. Several emerging economies in the region including China, India, South Korea, Indonesia, and Thailand, are expected to witness huge opportunities in the automotive sector owing to a large population, increasing disposable income, and rising demand for safety features and luxury vehicles.

Japan, China, and India among other countries have already initiated the production of electric vehicles, which is further expected to fuel the market growth in the region. The rise in the production of electric vehicles is further backed up by stringent governmental and environmental mandates to reduce carbon emissions levels.

Competition Scenario In Global Automotive Electronic Control Unit (ECU) Market

The Global Automotive Electronic Control Unit (ECU) Market is highly competitive with ~100 players that include globally diversified players, regional players as well as country-niche players.

Regional players comprise ~55% of the competitors, while the global players comprise the second highest of the total number of competitors. Some of the major players in the market include 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, and Aptiv, among others.

The leading automotive electronic control unit (ECU) companies such as Denso Corporation, Mitsubishi Electric, and Veoneer Inc are highly focused on strategic developments related to automotive ECUs such as product launches, technical product development, collaboration, acquisition, and others to hold their position in the market.

What Is The Expected Future Outlook For The Overall Global Automotive Electronic Control Unit (ECU) Market Across The Globe?

The Global Automotive Electronic Control Unit (ECU) market was valued at USD ~billion in 2022 and is anticipated to reach USD ~75 billion by the end of 2028, witnessing a CAGR of ~% during the forecast period 2022-2028. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Global Automotive Electronic Control Unit (ECU) market is 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. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

With the increasing collaboration and emergence of new products, the Global Automotive Electronic Control Unit (ECU) market is changing rapidly. For instance, In November 2021, Robert Bosch invested Euro 400 million to expand its wafer fabrication facilities in Germany and its semiconductor operations in Malaysia.

This investment is aimed to lower the shortage of semiconductor chips that the automotive industry has been recently facing.

In August 2020, Veoneer, Inc, and Qualcomm Technologies, Inc collaborated to deliver the highly scalable ADAS, collaborative and autonomous driving-based solutions to auto manufacturers using Veoneer's next-generation perception and driving policy software stack and Qualcomm's Snapdragon Ride ADAS/AD of SoC's and accelerators.

In January 2019, ZF Friedrichshafen AG, a Germany-based auto parts supplier launched an ECU comprising self-driving capabilities that are using the chips made by Xilinx Inc. Its ECU caters to transmission and is mostly targeted to traditional automakers and ride-hailing companies.

The Global Automotive Electronic Control Unit (ECU) Market is forecasted to continue a positive growth, primarily 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. APAC is expected to remain the dominant region throughout the forecast period owing to the emerging automotive hub in terms of production as well as consumption. Though the market is highly competitive with ~100 participants, global players control the dominant market share.

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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

Request free 30 minutes analyst call: https://www.kenresearch.com/book-a-discovery-call.php?Frmdetails=NTk2MDg1

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/

Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

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