Press release
Body Control Module Market Poised for 4 % Growth, Set to Hit $38.73 Billion by 2029
Body Control Module Market Size
The growth of the body control module market is largely driven by the rising demand for electric vehicles. An electric vehicle, or EV, is a vehicle powered by an electric motor that draws energy from a battery and can be externally charged. These vehicles employ a body control module to efficiently manage energy, thereby extending the distance the vehicle can cover before needing a recharge. This was evident in data from the Department of Infrastructure, Transport, Regional Development, Communications, and the Arts, an Australian government body implementing governmental policy and programs, which stated that as of January 31, 2022, the number of registered motor vehicles had increased by 2% from January 2021 to 20.7 million. Battery electric vehicles (BEVs) accounted for around 40,000 of these, marking a 100% increase from 2021, with passenger cars making up 34,200 in 2022, a surge of 118% from the previous year. Additionally, the number of hybrid-electric vehicles (HEVs) weighed in at approximately 277,000 in 2022, up 35% from 2021. Hence, the escalating demand for electric vehicles is propelling the body control module market forward.
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What is the future CAGR of the body control module market, and how will it impact industry expansion?
In recent times, the market size of the body control module has seen a steady surge. Anticipated growth from $32.98 billion in 2024 to $33.69 billion in 2025, it's showcasing a compound annual growth rate (CAGR) of 2.2%. This growth in the previous years stems from multiple factors including higher electrification in automotive, increasing intricacy in vehicle electronics, the rising demand for energy-efficient systems, the inclusion of state-of-the-art safety features, stringent regulations by the government concerning vehicle safety, and a heightened emphasis on comfort and conveniences features.
The market size for the body control module is predicted to maintain a steady growth in the upcoming years, with the valuation expected to reach $38.73 billion by 2029, accounting for a compound annual growth rate of 3.5%. The anticipated growth within this forecasting period can be associated with factors such as the surge in electric vehicles, increasing focus on cybersecurity, the adoption of flexible and scalable architectures, integration of health monitoring systems, and environmental sustainability objectives. Key trends to look out for in this forecast period encompass inclusion of advanced driver assistance systems, integration of lighting control modules, availability of software updates and over-the-air (OTA) capabilities, along with adoption of sophisticated sensor technologies.
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What are the most significant trends transforming the body control module market today?
In the body control module market, the main trend gaining traction is product innovation. The focus of major firms in this market is to create new body control modules with enhanced intelligence, designed to work with the latest types of vehicles being manufactured. For example, in April 2023, automotive manufacturer BYD, based in China, introduced the BYD DiSus, a smart body control system designed specifically for new energy vehicles (NEV). This advanced system, entirely developed by BYD, positions the company as the first in China to fully possess intelligent vehicle body control technologies. The BYD DiSus system significantly enhances the driving experience for its users. The system is composed of three subsets: the intelligent damping body control system (DiSus-C), the intelligent air body control system (DiSus-A), and the intelligent hydraulic body control system (DiSus-P).
Which key market segments comprise the body control module market and drive its revenue growth?
The body control module market covered in this report is segmented -
1) By Type: Control Area Network (CAN) Bus, Local Interconnect Network (LIN) Bus
2) By Component: Hardware, Software
3) By Vehicle Type: Passenger Car, Electric Vehicle, Commercial Vehicle
4) By Power Distribution Components: Relays, Fuses
5) By Application: Interior, Exterior
Subsegments:
1) By Control Area Network (CAN) Bus: High-Speed CAN, Low-Speed CAN, CAN-FD (Flexible Data Rate)
2) By Local Interconnect Network (LIN) Bus: LIN 1.3, LIN 2.0, LIN 2.1
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What regions are at the forefront of body control module market expansion?
Asia-Pacific was the largest region in the body control module market in 2024. The regions covered in the body control module market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the body control module market?
Major companies operating in the body control module market include Robert Bosch GmbH, ZF Friedrichshafen AG, Denso Corporation, Continental AG, Mitsubishi Electric Corporation, Hyundai Mobis Co Ltd., Calsonic Kansei Corporation, Mazda Motor Corporation, Valeo Groupe, Lear Corporation, Texas Instruments Incorporated, NAPA Auto Parts, Aptiv PLC, STMicroelectronics NV, Infineon Technologies AG, Yazaki Corporation, Magneti Marelli S.p.A., Renesas Electronics Corporation, Harman International Industries Inc., Hella KGaA Hueck & Co, Omron Corporation, Visteon Corporation, Visteon Corporation, CARDONE Industries Inc., Delphi Automotive PLC, Tata Elxsi Ltd., Plato Co Ltd.
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What Is Covered In The Body Control Module Global Market Report?
• Market Size Forecast: Examine the body control module market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the body control module market for a structured understanding.
• Key Players Overview: Analyze major players in the body control module market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the body control module market.
• Segment Contributions: Evaluate how different segments drive overall growth in the body control module market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the body control module market.
• Industry Challenges: Identify potential risks and obstacles affecting the body control module market.
• Competitive Landscape: Review strategic developments in the body control module market, including expansions, agreements, and new product launches.
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