Body Control Module Market 2027 | New Horizons in Industry Size Exploring Future Growth Potential

Rise in demand for advanced safety, comfort, and convenience features in vehicles, strict safety regulations set by government for automotive industry, and surge in demand for automotive components drive the growth of the global body control module market.

On the other hand, increase in complexity of module hampers the growth to some extent. However, surge in need for electric and hybrid vehicles across the globe, and steep rush in call for advanced driver assist features are expected to usher in multiple opportunities in the near future.

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According to the report, the global body control module industry was estimated at $23.59 billion in 2019, and is expected to hit $30.13 billion by 2027, registering a CAGR of 3.1% from 2020 to 2027.

The Body Control Module (BCM) in the automotive industry is a processor-based power distribution component that oversees and manages various car body functions, including interior lighting, security systems, windows, door locks, and access control. It also acts as a gateway, facilitating communication between bus and network interfaces and remote Electronic Control Units (ECUs) for other systems. However, the BCM does not govern any engine-related functions. Control signals for different vehicle loads are transmitted either from remote ECUs via CAN/LIN communication or directly from the central BCM.

While the BCM doesn't manage engine functions, it does handle a wide range of interior and exterior vehicle body applications, such as sunroof control units, anti-lock braking systems, automotive seating, active steering, and more. The global BCM market is segmented based on type, vehicle type, application, and region.

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Currently, the BCM market is experiencing steady growth. Key drivers include increased demand for safety, comfort, and convenience features in vehicles worldwide, rising purchasing power, and changing lifestyles-especially in developing economies. In Europe and North America, there is a growing demand for vehicles with luxurious features, while high automotive manufacturing and sales rates in the Asia-Pacific region further drive BCM market growth.

Major players in the BCM market include HELLA, Robert Bosch, and Continental AG. As the demand for luxury vehicles and advanced driver assistance systems (ADAS) continues to rise, the BCM market is expected to see significant growth in the near future.

Based on type, the CAN bus segment held the major share in 2019, generating nearly two-thirds of the global body control module market. Rise of cloud computing technology and growth in internet of things (IoT) have created significant demand for CAN buses in the automotive field which, in turn, propels the segment growth. The LIN bus segment, on the other hand, would grow at the fastest CAGR of 3.8% throughout the forecast period. The Local Interconnect Network device, with the master slave architecture on board, allows for up to 16 LIN RGB slave modules on a private LIN bus, thereby permitting up to 196 LED lighting devices to be connected to a single BCM via a LIN bus. This factor drives the segment growth.

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Based on vehicle type, the passenger cars segment contributed to more than two-thirds of the global body control module market share in 2019, and is expected to rule the roost by 2027. Surge in demand for passenger vehicles in developing and developed countries boost the segment growth. At the same time, the electric vehicle segment would manifest the fastest CAGR of 7.8% during 2020­-2027. Rising growth in urbanization and increase in attractive offers on electric vehicles from government bodies spur the growth of the segment.

Based on geography, Asia-Pacific accounted for nearly two-fifths of the global body control module market revenue in 2019, and is anticipated to retain its dominance till 2027. The same region is also projected to register the fastest CAGR of 4.1% by 2027. Automobile manufacturers are actively involved in the process of developing innovative products to meet the consumer demands in this region which, in turn, has augmented the growth. However, North America appeared to be the third highest revenue holder in 2019.

Frontrunners in the industry-

Delphi Automotive PLC (UK)
HELLA
Texas Instruments Inc.
Renesas Electronics Corporation
Robert Bosch GmbH (Germany)
Continental AG (Germany)
Mouser Electronics
Infineon Technologies AG
Denso Corporation (Japan)
Mitsubishi Electric Corporation

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