Automotive Electronic Control Unit (ECU) Market Projected To...| MENAFN.COM

Monday, 27 June 2022 05:50 GMT

Automotive Electronic Control Unit (ECU) Market Projected To Grow At A CAGR Of ~30% During 2022 2031

(MENAFN- America News Hour)

Research Nester published a report titled “Automotive Electronic Control Unit (ECU) Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global automotive electronic control unit (ECU) market in terms of market segmentation by ECU capacity, vehicle type, application, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global automotive electronic control unit (ECU) market is anticipated to attain a CAGR of ~30% over the forecast period, i.e., 2022 – 2031. The market is segmented on the basis of application, into ADAS & safety system, body control & comfort system, infotainment & communication system, powertrain system, and others. Out of these, the ADAS & safety system segment is anticipated to hold a substantial share in the market over the forecast period on account of increasing government regulations on mandatory ADAS and safety systems in new vehicle.

The global automotive electronic control unit (ECU) market is estimated to grow on the back of increasing adoption of advanced technology in the automotive sector, and the growing demand of automobiles. Additionally, increasing demand for customizable control units in vehicles is estimated to boost the market growth. Along with this, increasing sale of cars globally, supported by the higher individual disposable income of the middle class, is further projected to fuel the market growth. According to the data by the International Energy Agency (IEA), in 2019, the total car sales reached 25 million cars in China, while 17 million cars were sold in the United States.

On the basis of geographical analysis, the global automotive electronic control unit (ECU) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America region is also anticipated to hold a notable market share by the end of 2022, owing to the rising demand for self-driving cars, accompanied by growing sales of electric cars in the region. Furthermore, the adoption of advanced technologies by car manufacturers is also projected to fuel the regional market growth.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players' competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

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Increasing Need for Customizable Management Unit in Vehicles to Boost the Market Growth

Automotive ECU is required for various functions in a vehicle, including, engine control, powertrain control, transmission, brake control module, central timing, suspension control, and others. The scope of customization in these control units, is expected to majorly drive the demand in the market. In addition to this, automobile manufacturers are investing in advanced technologies, which is also a major growth driver for the market. 

However, high maintenance cost of automotive ECU is expected to operate as key restraint to the growth of global automotive electronic control unit (ECU) market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global automotive electronic control unit (ECU) market which includes company profiling of SAP SE, Continental AG, Mitsubishi Electric Corp., Autoliv Inc., Robert Bosch GmbH, BorgWarner Inc., DENSO Corporation, Accenture PLC, Tomtom International B.V., and Panasonic Corporation. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global automotive electronic control unit (ECU) market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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