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Body Control Module Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
The Body Control Module Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Projected Growth of the Body Control Module Market?
The Body Control Module Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Projected Growth of the Body Control Module Market?
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What Are the Different Body Control Module Market Segments?
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 Are the Primary Drivers Shaping the Body Control Module Market?
The surge in electric vehicles (EVs) usage is a major factor propelling the body control module market's expansion. An EV is characterized by an electric motor that derives power from a battery and has the capacity for external charging. The body control module plays a crucial role in regulating energy in these vehicles to maximize their range before the need for recharging arises. For instance, reports from the Department of Infrastructure, Transport, Regional Development, Communications, and the Arts - an Australian government department tasked with implementing government policy and programs, indicate that there were 20.7 million registered vehicles as of January 31, 2022. This marks a 2% rise from the previous year. Furthermore, the number of Battery Electric Vehicles (BEVs) stood at about 40,000, representing a whopping 100% rise from 2021. Out of those, 34,200 were passenger cars in 2022, recording a 118% increase from the previous year. The number of Hybrid-Electric Vehicles (HEVs) was around 277,000 in 2022, depicting a rise of 35% from 2021. Thus, the escalating demand for electric vehicles is set to fuel the growth of the body control module market.
Which Companies Are Leading 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.
What Are the Major Trends Shaping the Body Control Module Market?
The primary trend gaining traction in the body control module market is product innovation. Major companies in this market are concentrating on creating new body control modules that are smarter and compatible with the new generation of vehicles being produced. For example, BYD, a Chinese automotive manufacturer, unveiled the BYD DiSus intelligent body control system for new energy vehicles (NEV) in April 2023. The entirely self-developed BYD DiSus System is exclusively designed for NEVs, positioning BYD as the first Chinese car company to possess an end-to-end intelligent vehicle body control technology. This system significantly enhances the driving experiences of its consumers. 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) are the three major components that make up the BYD DiSus System.
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What Are the Top Revenue-Generating Geographies in the Body Control Module Market?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Body Control Module Market?
2. What is the CAGR expected in the Body Control Module Market?
3. What Are the Key Innovations Transforming the Body Control Module Industry?
4. Which Region Is Leading the Body Control Module Market?
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