Press release
Automotive Electronic Controller Global Market Analysis, Trends, Growth, Research And Forecast 2033
Automotive Electronic Controller Global Market
The automotive electronic controller market size is expected to see strong growth in the next few years. It will grow to $85.97 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to rise in electric and autonomous vehicles, global emphasis on connectivity and telematics, evolution of in-vehicle entertainment systems, regulatory push for autonomous driving, focus on cybersecurity in connected vehicles.. Major trends in the forecast period include adoption of over-the-air (ota) software updates, shift towards open-source software platforms, integration of lidar and radar sensor control, focus on edge computing for real-time processing, development of energy-efficient electronic control units (ecus)..
Market Overview -
An automotive electronic controller, or an electronic control unit (ECU) is a microprocessor-based device that manages and controls various electrical and electronic systems within a vehicle, such as engine performance, safety features, and entertainment systems. It is controlled by embedded software and is crucial to enhancing vehicle functionality, efficiency, and safety.
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Growing Adoption Of Electric Vehicles
The growing adoption of electric vehicles is expected to propel the growth of the automotive electronic controller market going forward. Electric vehicles (EVs) are vehicles powered by electricity stored in batteries or other energy storage systems, eliminating the need for internal combustion engines. Automotive electronic controllers in electric vehicles (EVs) manage power distribution and optimize battery performance, enhancing overall efficiency and range while enabling advanced features like regenerative braking. For instance, in September 2022, according to the International Energy Agency, a France-based autonomous intergovernmental organization, sales of electric vehicles nearly doubled to 6.6 million in 2021 compared to 3 million in 2020, increasing the total number of electric vehicles on the road to 16.5 million. Therefore, the growing adoption of electric vehicles is driving the growth of the automotive electronic controller market.
Competitive Landscape -
Major companies operating in the automotive electronic controller market report are Robert Bosch GmbH, Hitachi Automotive Systems Ltd., Panasonic Corporation, DENSO Corporation, Continental AG, ZF Friedrichshafen AG, Hyundai Mobis Co. Ltd, Toshiba Electronic Devices & Storage Corporation, Lear Corporation, Texas Instruments Incorporated, Nidec Motors and Actuators Inc., TE Connectivity Ltd., STMicroelectronics N.V., BorgWarner Inc., Infineon Technologies AG, NXP Semiconductors N.V., Renesas Electronics Corporation, Amphenol Corporation, Analog Devices Inc., ON Semiconductor Corporation, Microchip Technology Inc., Omron Corporation, Vishay Intertechnology Inc., Sanken Electric Co. Ltd., Diodes Incorporated, Melexis N.V., Magneti Marelli S.p.A., Pektron Group Limited, HGM Automotive Electronics Inc.
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