Acumen Research & Consulting estimates that global Automotive Electronic Control Unit market is expected to reach the market value of around US$ 75 Bn by 2027 and is anticipated to grow at a CAGR of around 5% in terms of revenue during the forecast period 2020 – 2027.
One of the key vehicle pieces that have received a lot of interest from the leading vehicle manufacturers is the automotive electronic control unit. The auto industry has grown into one of the largest sales generating industries in recent years and has made several technological advances. One of them is the electronic automotive control unit also known as ECU.
The report provides analysis of global Automotive Electronic Control Unit market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2019 is considered as the base year.
The worldwide market for automotive electronic control units has grown, with emission control and fuel efficiency as the main focus. Auto manufacturers have now focused more on technological updates that would improve fuel effectiveness and control of emissions. The electronic automotive control unit performs the entire function of the engine and improves its efficiency so that vehicles operate smoothly. Mainly elements such as the engine control panel, split control board, motor management system, powertrain and climate control systems are part of the electronic automatic control unit. They work very efficiently and transfer motor performance to the electronic control unit. Factors such as low emissions and better fuel efficiency, increased sales of new cars, stringent government requirements for automobile emission cuts, technological advancements and developing markets are driving the development of the global automotive electronic control unit industry. Higher system costs are a major impediment to market growth. In addition, increased demand for vehicles using gasoline engines and increased disposable revenues create significant market opportunities.
Asia Pacific governs the global target market and anticipated to grow significantly amid the forecast period. The growing demand for infotainment and communication applications in passenger vehicles is able to accredit this growth. The demand for automotive ECUs in China is primarily driven by the rapid growth of the automotive industry in the country, providing opportunities for the growth of the automotive ECU market in the country. In Asia Pacific, the growing population and increasing availability are some of the causes of an increase in car production, creating lucrative market growth opportunities.
North America is expected to grow by at a considerable CAGR during the forecasted period. The growing demand for luxury cars in the region lies in this situation. In addition, the rising need for energy-efficient cars and the stringent public policies to minimize carbon pollution push total competition on the industry. The growing demand for connected cars also leads to the growth of the regional industry.
The market research study on “Automotive Electronic Control Unit Market (Automotive Electronic Control Unit Market By Capacity: 64-Bit, 16-Bit, 32-Bit; Automotive Electronic Control Unit Market By Vehicle: Commercial Vehicles, Passenger Cars) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers a detailed insights on the global Automotive Electronic Control Unit market entailing insights on its different market segments.
The global Automotive Electronic Control Unit market is segmented as below:
Automotive Electronic Control Unit Market By Capacity
Automotive Electronic Control Unit Market By Vehicle
Automotive Electronic Control Unit Market By Geography
Middle East & Africa
Key Players and Market Situation
Participants include major global players such Robert Bosch GmbH, Delphi Technologies, Lear Corporation, Nidec Corporation, Continental AG, Leopold Kostal GmbH & Co. KG, OMRON Automotive Electronics Co., Ltd., Others.
Companies use innovative business models focusing upon value building and supply, long-term supplier / customer partnerships and leading technologies in order to achieve the specific profit margins.
The development of the automotive ECU industry is causing greater understanding of the health of cars to avoid traffic collisions and accidental transport interruptions. In addition, the rise in self-sufficient and semi-autonomous cars production is a key driver providing many opportunities for growth in the industry.
Due to benefits offered, such as increased safety, efficiency and low energy consumption, the increased popularity of driverless and semi-autonomous vehicles forces companies to develop advanced control systems.
Electronic control unit (ECU) is an embedded system that responsible for controlling electrical subsystems in a transport vehicle.
The market value of Automotive Electronic Control Unit is anticipated to be around US$ 75 Bn in 2027.
It is anticipated to grow around 5% CAGR amid the forecast period 2020-2027.
Asia Pacific held maximum share in 2019.
Asia Pacific is projected to grow at a fast pace during forecast period 2020-2027.
Growth in vehicle production & sales is a key driver of the market.
The global automotive electronic control unit market is segmented into utility vehicles, passenger cars, commercial vehicles.
Robert Bosch GmbH, Delphi Technologies, Lear Corporation, Nidec Corporation, Continental AG, Leopold Kostal GmbH & Co. KG, OMRON Automotive Electronics Co., Ltd and others are the prominent players in the automotive electronic control unit market.