Electric vehicles (EVs) are automobiles that run using power from a battery, wherein the power is converted to useful operation by an electric motor, with very little or no requirement of any kind of additional fuel. Battery Electric Vehicles (BEVs), Plug-in Hybrid Electric Vehicles (PHEVs), and Hybrid Electric Vehicles (HEVs) require power electronics and electrical machines (PEEM) to function. These electronics devices allow the vehicle to use energy from the battery and assist in the propulsion of the vehicle, either in combination with an engine or on their own. In BEVs, the inverter (power electronics) takes direct current from the battery and converts it to alternating current (AC) before sending it to the motor. The electric motor (electric machine) uses the AC to power the wheels for propulsion by creating torque (mechanical power).
Read Report Overview: Electric Vehicle ECU Market
In electric vehicle electronics, an electronic control unit (ECU) is an embedded system that controls one or more electronics in an electric vehicle. EVs are making a significant impact on power systems and environment with miniaturized components and the reduction of greenhouse gases. EV ECU provides operation and gearshift strategies, torque coordination, high-voltage coordination, charging control, thermal management, monitoring, and much more for electric vehicles.
The global electric vehicle (EV) ECU market is projected to reach $17.77 billion by 2024, growing at a CAGR of 22.49% during the forecast period 2019-2024. The growth of the EV ECU market is driven by the increasing adoption of electric vehicles, the growing demand for advanced driver assistance systems (ADAS), and the rising popularity of infotainment systems in electric vehicles.
The market is segmented by ECU type, EV type, and region. By ECU type, the market is segmented into body domain module, motor control unit, battery management system, transmission ECU, infotainment ECU, and others. The body domain module segment is expected to dominate the market during the forecast period, owing to the increasing demand for advanced safety features and comfort features in electric vehicles.
The major factors hindering the market growth is the decentralized ECU architecture. Factors such as autonomous braking, adaptive cruise control, and potentially even autonomous driving capability will decrease the number of ECUs per vehicle. The decentralization of ECU will also affect the weight and cost of vehicle. For instance, the centralization will optimize wiring which reduces the overall weight of the vehicle and increases the efficiency. The centralization of ECU requires simpler protocols and fewer connections as compared to multiple ECUs.
By region, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific is expected to dominate the market during the forecast period, owing to the rising demand for electric vehicles in China and India.
Competitive Landscape
Earlier, the composition of automobiles was limited to mechanical machine before the introduction of the electronics in the automotive industry. An electronic component unit (ECU) plays an important role in the automotive electronics and as it controls one or more electrical system in electric vehicle. In the present scenario, electric vehicles have multiple ECUs depending upon the features in the vehicles. Moreover, the changing consumer behavior toward the environment and sustainable development is boosting the growth of electric vehicles, thus proliferating the market of electric vehicle ECUs.
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Continuous product expansions (launches and enhancements) and signing of partnerships and collaborations are some of the business strategies executed in electric vehicle ECU market. Several companies, including Continental AG, DENSO CORPORATION, Robert Bosch GmbH, Pektron, ZF Friedrichshafen AG, Keihin Corporation, Tesla and Autoliv Inc., among others, have been involved in product launches and enhancements. DENSO CORPORATION and Continental AG are continuously working on the electrification of mobility that will move toward a sustainable future.
Key Questions Answered:
- How much revenue was generated by the global electric vehicle ECU market in 2018, and how much revenue is expected to be generated by the market by 2024?
- What are the major market drivers, challenges, and opportunities in the global electric vehicle ECU market?
- How is the global electric vehicle ECU market expected to grow during the forecast period, based on segments such as
- ECU Type
- EV Type
- Region, including North America, Europe, U.K., China, Asia-Pacific and Japan, Rest-of-the-World
- What are the key development strategies which are implemented by the major players in order to sustain in the competitive market?
- What are the key regulatory implications in developed and developing regions for electric vehicle ECU?
- Which are the leading players with significant offerings to the global electric vehicle ECU market? What is the current market dominance for each of these leading players?
Market Research Future (MRFR), in its recently published research report, asserts that the global Autonomous Vehicle ECU market is likely to secure a substantial market valuation.
The sudden outbreak of the COVID-19 virus and its impact on the industry are analyzed in granular detail.The elements responsible for the expansion of Autonomous Vehicle ECU Market 2020 are the government’s rules related to safety, increased demand for developed driver assisted systems in vehicles increasing sales of vehicles, and others.
The crucial factors which help in the expansion of the market are the increased number of government mandates, at a global level, for developed driver-assistance systems (ADAS) features and the including the basic safety systems like anti-lock braking systems (ABS), and airbags.The key factor which drives the market is the increased number of accidents due to human carelessness.
Therefore, the automotive ecosystem is promoting the usage of the adoption of semi-autonomous vehicles and will eventually shift towards autonomous automobiles vehicles which are free of human errors.
The increase in the sales of vehicles, across the world will lead to a high demand for autonomous vehicle ECU in the market.Global Autonomous Vehicle ECU Market Key Players The prominent players in autonomous vehicle ECU market are Hitachi, Ltd. (Japan), Continental AG (Germany), Intel Corporation (U.S.), Renesas Electronics Corporation (Japan), Nvidia Corporation (U.S.), ZF Friedrichshafen AG (Germany), Infineon Technologies AG (Germany), NXP Semiconductors N.V. (Netherlands), Autoliv Inc. (Sweden) and Bosch (Germany) are among others.Get Free Sample Report@ https://www.marketresearchfuture.com/sample_request/6286Global Autonomous Vehicle ECU Market SegmentationThe global autonomous vehicle market can be classified on the basis of application, vehicle type, and region.On the basis of application, the global autonomous vehicle market can be classified into a semi-autonomous vehicle and autonomous vehicles.On the basis of vehicle type, the global autonomous vehicle market can be classified into the passenger car, light commercial vehicle, and heavy commercial vehicle.
On the basis of region, the global autonomous vehicle market can be classified into North America, Europe, Asia-Pacific and the Rest of the World (Row).Autonomous Vehicle ECU Market Regional AnalysisOn the basis of region, the global autonomous vehicle market can be segregated into North America, Asia-Pacific, Europe and the Rest of the World (Row).North America is estimated to lead the global autonomous vehicle market during the review period.
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ECU upgrade has become a very common word and people have now understood that what really matters the most is how you can take charge of things in the right ways by approaching a reputed company.
Since it is the question of your car in which you have put the whole chunk of money, you would not want to give it away to someone who doesn’t have any experience in these things.
Well, you must therefore find the reviews and then settle down for the company which you find is best of all for the purpose of ECU remap.Know about the benefits of ECU remapIf you select ECU tuning near me you can discuss with them, what you are actually looking for and how you will be able to get the best solutions.
Once you confide in these solutions, you will be able to know how things are and then making the decision about this would become simpler.One of the leading benefits of ECU remapping is to get the best fuel efficiency.You always wanted to drive a monster.
But if your wishes are fulfilled by ECU tuning then you can then break these limitations and drive the car with a full capacity, better speed and better torque.This thing has become very popular and in one way, if you are about to take the relevant action then you will know how you can take things to next level.Once you know about the benefits you know what the right thing to do is.Make the decision which will be great for our car and for youThe car would have something hidden in it.
Yes, the performance and the features might be hidden.
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