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Automotive ECU Market Growth, Industry Latest Trends, Size, Key Drivers, Top Players And Forecast To 2033
Automotive ECU Market Overview
As per the report, the automotive ecu market size has grown strongly in recent years. It will grow from $86.16 billion in 2023 to $91.53 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The automotive ecu market size is expected to see strong growth in the next few years. It will grow to $117.04 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%.
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Surge In Hybrid And Electric Vehicles Driving The Automotive Ecu Market
The growth in demand for hybrid and battery electric vehicles is expected to propel the growth of the automotive ECU market going forward. Hybrid electric vehicles are powered by an internal combustion engine and one or more electric motors, whereas battery electric vehicles are completely dependent on electric motors. The increasing shift in consumer interests toward eco-friendly transportation and growing government initiatives toward sustainable transportation solutions have contributed to increased demand for hybrid and electric vehicles across the globe. The rapid increase in demand for hybrid and battery electric vehicles is expected to boost the utilization of automotive ECU, as they are a vital component in the effective functioning of electric and hybrid vehicles. For instance, according to Argonne National Laboratory, a US-based department of energy multidisciplinary science and engineering research center, in March 2021, Americans purchased 75,959 Hybrid-Electric Vehicles (HEVs). Further, according to International Energy Agency, a France-based autonomous intergovernmental organization, sales of electric cars topped 6.6 million globally in 2021. . Therefore, the growth in demand for hybrid and battery electric vehicles is expected to boost demand for automotive ECU market solutions during the forecast period.
Advancements In Automotive Ecu Technology For Advanced Driver Assistance Systems
Product Innovation is a key trend gaining popularity in the automotive ECU market. The organizations providing automotive ECUs are increasingly focusing on developing low-cost ECUs that could give better services to their users and strengthen their market position. For instance, in April 2021, DENSO Corporation, a Japan-based Automotive manufacturer, announced it has developed products for Advanced Drive, an advanced driver assistance technology. The newly developed products used in Advanced Drive include LiDAR for detecting the shapes of surrounding vehicles and roads, a Locator Telescopic Camera for detecting the environment ahead of the vehicle, an Spatial Information Service Electronic Control Unit (SIS ECU) for accurately identifying the position of the vehicle itself, and an Advanced Drive System Electronic Control Unit (ADS ECU) and Advanced Drive Extension Electronic Control Unit (ADX ECU) for high-speed processing of information delivered these products.
The automotive ecu market covered in this report is segmented -
1) By ECU: 16-bit ECU, 32-bit ECU, 64-bit ECU
2) By Vehicle Type: Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle, Electric Vehicle
3) By Mode: Conventional, Autonomous
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Major companies operating in the automotive ecu market report are ZF Friedrichshafen AG, Continental AG, Denso Corporation, Hyundai Mobis Co. Ltd., Autoliv Inc., Robert Bosch GmbH, Takata Corporation, Mitsubishi Electric Corporation, Hitachi Automotive Systems Ltd., Delphi Technologies plc, Magneti Marelli SpA, Faurecia SA, Visteon Corporation, Aptiv plc, Lear Corporation, Nidec Corporation, Leopold Kostal GmbH & Co KG, Infineon Technologies AG, United Automotive Electronic Systems Co. Ltd., Weifu Group, Lincontrol BV, Trocellen Automotive GmbH, BASF SE, Röchling Group, SA Automotive, 3M Company, Evonik Industries AG, Compagnie de Saint-Gobain SA, ElringKlinger AG, Adler Pelzer Group
Contents of the report:
1. Executive Summary
2. Automotive ECU Market Report Structure
3. Automotive ECU Market Trends And Strategies
4. Automotive ECU Market - Macro Economic Scenario
5. Automotive ECU Market Size And Growth
…..
27. Automotive ECU Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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