Automotive Electronics Control Unit Market (ECU) market size is valued at US$ 36 Bn in 2017 and expected to grow at a CAGR of 8% in the forecasting period. 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 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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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.
The global Automotive Electronics Control Unit Market report offers a comprehensive assessment of the market for the forecast years.
This global industry offers an outlook on the strategic development of the market in terms of revenue profits over the forecast period 2021-2026.The key market players for the global Automotive Electronics Control Unit market are listed below:Delphi TechnologiesJohnson ControlDensoorationBosch GroupHyundai MOBISContinental AGMitsubishi ElectricorationZF FriedrichshafenHitachi Automotive SystemsLearorationOthersClick here to get a FREE Sample Copy of the Automotive Electronics Control Unit Market Research Report @ https://www.decisiondatabases.com/contact/download-sample-27359The Global Automotive Electronics Control Unit (ECU) Market Report is equipped with market data from 2016 to 2026.
It also evaluates the competitive scenario of the leading players.
The report forecasts sales and revenue from 2021 to 2026.
The detailed sales channel is also covered in the study.COVID-19 Impact Analysis on Automotive Electronics Control Unit MarketThe global pandemic COVID-19 has affected the Automotive Electronics Control Unit (ECU) market directly or indirectly.
The impact study on production, supply-demand, and sales provides a holistic approach to the future.Do You Have Any Query Or Report Customization?
