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Engine Control Unit (ECU) Market Dynamics, Forecast, Analysis and Supply Demand 2017-2022
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Several product categories like Powertrain Control Module, Transmission Control Module, Communication and Navigation Control Module, Vehicle Control Module, Engine Control Module, Body Control Module, etc., have spawned huge opportunities and prospects for the growth of the ECU market on a worldwide basis. Modernization in the field of automotive electronics has led to the transformation in the ECU sector, thus taking it to the next level. ECUs are being revolutionized and they are being incorporated with microprocessors to achieve higher degree of efficiency and quicker response time that has a positive impact on the overall performance of the vehicle. There is a rising demand for ECUs in hybrid cars, advanced vehicles and luxury vehicles from the emerging and developed economies. This is a major aspect driving the growth of the ECU market. Regulations have been put in place to standardise the usage of fuel. This coupled with rising demand for higher mileage is fuelling the adoption of automotive ECUs on a large scale thus driving the growth of the global market. Other factors supporting the growth of the global ECU market are low maintenance, safety and driving ease and convenience.
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Asia Pacific excluding Japan (APEJ) region is expected to be the largest region for the ECU market that is growing at a high CAGR of 8.2% during the period of assessment. This growth of the ECU market in this region is expected to be driven by favourable regulations, low cost and emerging technological advancements in the field of automotive electronics
Global ECU Market: Competitive Scenario
The global ECU market research report includes analysis of key companies involved in the ECU market. The key developments, product portfolio and pipeline, SWOT analysis, key financials and innovations of players such as Delphi Automotive Plc, ZF Friedrichshafen AG, Mitsubishi Electric Corporation, Takata Corporation, Hitachi Ltd., Autoliv Inc., Denso Corporation, Magneti Marelli S.p.A, Continental AG and Robert Bosch GMBH has been included in this comprehensive report.
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