Automotive Electronics Control Unit Market (ECU) market size is valued at US$ 38.88 Bn in 2018 and expected to grow at a CAGR of XX % during the forecasting period.The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
By growing acceptance of advanced safety systems and assisted driver assistance functions, features such as blind-spot detection, and automatic emergency braking at lower costs are expected to drive the growth of the automotive ECU market. Furthermore, the rising customer preference for luxury and hybrid vehicles, increasing the placement of infotainment systems are also the key factors driving the demand for ECUs through the forecast period. ECUs are microcomputers or embedded systems that control the vehicular functions related to engines, infotainment systems, and ADAS using the data received from installed sensors and components.
Moreover, the rising consciousness among the consumers regarding the decrease in fuel consumption has led to a substantial increase in demand of electric vehicles. These vehicles include numerous electronic components such as ECU to supplement the lower power consumption, enhanced driving experience, and higher vehicle performance. Therefore, the demand for ECU is also expected to flourish over the forecast period.
Automotive Electronics Control Unit market is majorly segmented by the application and region wise. Based on applications segment the market is segmented as powertrain, chassis electronics, safety & security, entertainment and communication & navigation. Under this, safety & security segment holds the largest share. These safety applications comprise of pre-crash safety, airbags, keyless entry, anti-theft systems, and TPMS. Growing demand for passenger safety, and mandatory rules are expected to supplement the overall industry demand.
Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. Asia-Pacific held the highest market in 2017. Increasing automobile production in the region, growing safety standards, and fuel economy concerns are the primary driving factors in the price-sensitive region. Existence of high growth in the countries such as China, India and Japan will also provide a stabilized growth platform for the industry.
Key player across the Automotive Electronics Control Unit industry are Johnson Controls, ZF TRW, Robert Bosch, Delphi, Denso, and Continental. Mergers and acquisitions are the key strategies adopted by participants to improve their product base. High initial investment is likely to pose a potential barrier for new entrants.
Automotive Electronics Control Unit Market Scope
Automotive Electronics Control Unit Market, By Application
• Entertainment
• Powertrain
• Safety & Security
• Communication & Navigation
• Chassis Electronics
Automotive Electronics Control Unit Market, By Geography
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• Latin America
Key Players operating in the Automotive Electronics Control Unit Market:
• Aisin Seiki
• ZF TRW
• Robert Bosch
• Delphi
• Faurecia
• Denso
• Continental
• Johnson Controls
• Lear Corp.
• Hyundai
Maximize Market Research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the current Automotive Electronics Control Unit market outlook. Report encompasses the Automotive Electronics Control Unit market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Automotive Electronics Control Unit market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Automotive Electronics Control Unit market positioning of competitors.
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ECUs are microcomputers or embedded systems that control the vehicular functions related to engines, infotainment systems, and ADAS using the data received from installed sensors and components.
Moreover, the rising consciousness among the consumers regarding the decrease in fuel consumption has led to a substantial increase in demand of electric vehicles.
These vehicles include numerous electronic components such as ECU to supplement the lower power consumption, enhanced driving experience, and higher vehicle performance.
Automotive Electronics Control Unit market is majorly segmented by the application and region wise.
Based on applications segment the market is segmented as powertrain, chassis electronics, safety & security, entertainment and communication & navigation.
Asia-Pacific held the highest market in 2017.
The global Automotive Electronics Control Unit Market is estimated to report USD 53.91 billion by 2024 from USD 35.1 billion in 2016 expanding at a CAGR of 6.7% from 2016 to 2024.
Surging demand for electric vehicles is fuelled by ecological concerns and high focus on energy efficiency of vehicles.
This reduces the excessive dependency on fossil fuels and also controls CO2 emissions.
The growing popularity of electric vehicles is another key factor that will fuel this industry in the forthcoming years.The preference for sophisticated systems in mid-sized vehicles, such as navigation and high-end communication systems will create opportunities for expansion of this industry.
Expanding at a CAGR of 5.6% during the forecast period 2016-2024, chassis electronics is expected to reach USD 11.62 billion by 2024 from USD 8.03 billion in 2016.
It protects consumers and vehicles from risky situations and thefts, respectively.Ongoing industry trends depict that the communication and navigation segment will expand robustly during the forecast period.Geographically, the automotive ECU market is categorized into North America, Europe, Asia Pacific, and Rest of the World.
