The global Automotive Electronic Control Unit Market is expected to reach over USD 70,986.0 Million by 2026 and is expected to grow at CAGR 6.1% during the forecast period, 2019-2026
Electronic control unit (ECU) is an embedded system that responsible for controlling electrical subsystems in a transport vehicle. Most of the modern motor vehicles have up to 80 ECUs. The development of an ECU unit mainly involves both hardware and software which are required to perform the functions expected from that particular module. Recently the trend is to dedicate a significant amount of time and effort in order to develop safe modules by standards like ISO 26262. It is rare that a module is developed fully from scratch.
The global automotive electronic control unit market is growing at significantly pace across the globe due to several growth factors. The market will be heading towards growth expansion phase over the next few years extensive growth in the automotive industry. Some of the factors contributing in the overall market growth include increasing automotive production and resulting demand for sales and strict regulation directed by the government pertinent to the use of the electronic control unit. Moreover, several developments pertinent to the manufacturing of lower electronic control unit cost model are playing a key role while driving the overall market growth. Since technology advancement is changing the way vehicles are being produced, consumers are preferring vehicles with advanced feature. Consequently, increasing demand for advanced version of vehicle due to incorporation of new technology in the overall vehicle system is also surging demand for electronic control unit.
Driven by abovementioned factors, rising complexity related to electronic control unit and number of ECU is anticipated to hamper the overall market growth. The global automotive electronic control unit market is expected to have healthy growth opportunities during the forecast period. This is due to growing demand of electric vehicles and hydria vehicles, consistently rising need of advanced driver assistance features and changing momentum of technology.
The market research study on “Automotive Electronic Control Unit Market - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers a detailed outlook, strategic recommendations, and insightful viewpoints on the global Automotive Electronic Control Unit Market. The report also analyzes the key players operating in Automotive Electronic Control Unit Market and identifies the key strategies deployed by them along with the market share of leading players.
The global Automotive Electronic Control Unit Market is segmented as below:
Automotive Electronic Control Unit Market By Technology
Automotive Electronic Control Unit Market By Application
Automotive Electronic Control Unit Market By Geography
The global Automotive Electronic Control Unit Market is segmented By Technology, Application, and region.
On the basis of Technology, the market is segmented transmission control system, engine management system, anti-lock braking system, climate control system, power steering system, airbag restraint system, and body control system. Among all, owner steering system segment emerged as the global leader with largest market shares in 2016 and similar trend are anticipated during the assessment period. With the incorporation of power steering system features in the vehicle system, it becomes necessary to use electronic control units in order to control other components. Due to which t demand of ECU n the power starring segment is high as compared to other segment. On the other hand, engine component segment expected to exhibit highest CAGR during the forecast period.
On the basis of by application, the global automotive electronic control unit market is segmented into utility vehicles, passenger cars, commercial vehicles. Passenger cars are the largest segment for which automotive electronic control units are large used. This is due to highest sales passenger car as compared to other vehicle types that results into the higher demand for electronic control unit.
Geographically, Automotive Electronic Control Unit Market is segmented into North America, Europe, Asia Pacific, Latin America and The Middle East & Africa (LAMEA).
Asia Pacific is the largest regional market among other for automotive electronic control unit market. The region is the largest manufacturer as well as consumers in automotive industry with production of more the 95 million unit vehicles in 2018 and sales of more than 80 million in the similar year. Considering this the demand for automotive electronic control unit is also growing at similar pace in the Asia Pacific region. Strict regulation related to the use of electronic control unit in the overall vehicle system in this region is also playing key role in the overall region growth. China and India are some of the major country level market in this region which have collectively acquired more than 50% shares and are expected to be the largest marker among others over he forecast period.
Some of the key players analyzed and profiles in this market Continental AG, Denso Corporation, Robert Bosch GmbH, Delphi Automotive PLC, Hyundai Mobis Co. Ltd., Panasonic Corporation, Lear Corporation, Hitachi Automotive Systems Ltd., Magneti Marelli Spa, and Pektron Group Limited
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