The automotive electronic control unit (ECU) market is expected to generate USD 140 Billion by the end of 2030, growing at a CAGR of 5.1% between 2021 and 2030.
The automotive electronic control unit (ECU) system controls embedded electrical systems. The automotive electronic control unit (ECU) system, also known as the electronic control module (ECM), controls specific functions in automobiles. When people are more likely to own a car, and public transportation growth is increasing demand for passenger vehicles, Automotive Electronic Control Unit Market emerges.
Market Dynamics
Drivers
The growing preference for fuel-efficient electric vehicles, self-driving cars, and vehicle-to-vehicle communication technology is expected to drive growth in the global automotive ECU market during the forecast period. The increased consumer awareness associated with reduced fuel consumption has resulted in a significant increase in demand for battery-electric vehicles and hybrid vehicles. HEVs are powered by multiple power sources, which reduce fuel consumption and provides the consumer with a smooth, positive, and quiet driving experience. This is expected to drive growth in the global automotive electronic control unit market.
One of the major driving factors expected to propel the global automotive ECU market growth during this forecast period is the growing demand for technologically advanced vehicles in both developed and developing countries. Furthermore, government rules and regulations to reduce fuel consumption, as well as an increase in consumer demand for better mileage from vehicles, will positively influence Automotive Electronic Control Unit market growth. The increased penetration of advanced ECU systems with the ability to connect to smartphones will fuel automotive electronic control unit market growth.
Challenges
Technical faults in the automotive electronic control unit cause failures such as power reduction, erratic airbag triggering, decreased fuel efficiency, and others. As a result, if the control unit fails to operate, the vehicle may malfunction. These concerns related to ECU System-Related Technical Failure are expected to hamper the automotive electronic control unit market growth.
Key players:
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Autoliv Inc.
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Continental AG
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ZF Friedrichshafen AG
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Denso Corporation
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Delphi Technologies
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Panasonic Corporation Co., Ltd.
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HELLA GmbH & Co. KGaA
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Hitachi Astemo Americas, Inc.
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Hyundai Mobis
Market Segmentation:
Automotive Electronic Control Unit Market, Capacity Outlook
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16-Bit
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32-Bit
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64-Bit
Automotive Electronic Control Unit Market, Vehicle Outlook
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Passenger Cars
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Commercial Vehicle
Automotive Electronic Control Unit Market, Application Outlook
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ADAS & Safety System
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Body Electronics
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Powertrain
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Infotainment
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Others
Automotive Electronic Control Unit Market, Propulsion Outlook
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Battery Powered
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Hybrid
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Internal Combustion Engine (ICE)
Automotive Electronic Control Unit Market, By Region
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North America
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Latin America
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Europe
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Asia Pacific
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Middle East & Africa
Regional Analysis:
Due to rising demand for in-vehicle infotainment and communication apps in passenger vehicles, Asia Pacific will dominate the market with a revenue share of more than XX% in 2021. The rapid growth of the automotive industry in countries such as India, China, and South Korea provides numerous opportunities to incorporate ECU into new vehicles. Furthermore, rising demand for personal vehicles drives automobile production and opens up new avenues for market growth in this region. North America is expected to have the highest CAGR of XX% over the forecast period because of the increased installation of electronic systems in light commercial vehicles, passenger cars, and SUVs. Furthermore, the market is being driven by strict government mandates to reduce carbon emissions and demand for energy-efficient vehicles. Furthermore, the rising demand for luxury vehicles contributes to regional market growth.
Scope of the Report:
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Report Coverage |
Details |
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Base year |
2021 |
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Forecast period |
2022-2030 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.1% |
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YoY growth (%) |
XX% |
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Regional analysis |
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Current Market size by 2030 |
USD 140 Billion |
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Companies Covered |
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User
Tab Content
Introduction
Our market research is an extensive, iterative process that takes into account a combination of primary and secondary research tools with the aim of minimizing deviation and producing the most precise estimate and prediction. For the future course of action, this approach meticulously outlines the actual changes and industry trends. It gives incredibly valuable data that is drawn from the insights and opinions of analysts and professionals. Our papers include in-depth research and analysis based on several factual inputs obtained from expert interviews, accurate data, and local information.
Market Size Estimation
The overall size of the market has been estimated and validated using both top-down and bottom-up methods. The sizes of other market subsegments have also been thoroughly estimated using these methodologies.
In the top-down technique, the market is divided into segments based on the percentage share of each segment. This method assisted in determining the size of each segment's market. The market size of each segment and its sub-segments was then divided into regional market sizes. This Approach helps mainly with the new Product Launch. It uses Multi-variate Regression Model coupled with Vendor based primary research inputs to forecast to the Market Size.
In the Bottom-Up approach, comprehensive study of key players has to be done wherein we add the market size of the major key players to understand the national market size which helps to determine the regional market size and eventually the complete market size. Companies annual report along with data from paid and unpaid resources like reports from government agencies and organizations like world bank provide the data for this approach.
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