Automotive Electronic Control Unit Market is set to expand at an exponential CAGR of 6.8% by the year 2025. Electronic control unit management is the science of electronically equipping, calibrating, and controlling an engine to achieve supreme and error-free engine performance. An ECU takes inputs from the in-vehicle network of sensors to carefully maneuver the driver’s movements.
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The key driving factors responsible for the growth of Automotive
Electronic Control Unit market :
The increasing safety concerns
across the globe is projected to drive the automotive ECU production and sales.
Numerous technological advancements, along with growing awareness regarding the
use of energy-efficient vehicles is providing an impetus to the industry
demand. However, the rising incidences of catastrophic electronic control unit
failure have demonstrated market growth hindrance. The regulatory bodies of
different regions are emphasizing on incorporating anti-lock braking and
automated safety systems, which in turn is boosting the demand for automotive
ECU.
Automotive ECU market can be
segmented based on passenger vehicles, light commercial vehicles, and heavy
commercial vehicles. Passenger vehicles have been further sub-segmented into
internal combustion engines, battery electric vehicles (BEV), and hybrid
vehicles. By sales channel, the market has been categorized into original
equipment manufacturers (OEM) and aftermarket. The automotive electronic
control unit (ECU) industry has found its widespread applications across engine
control module, powertrain control module, transmission control module, body
control module, climate control module, airbag control module, electronic
braking control module and steering control module among others.
Geographical segmentation has
presented a detailed analysis of automotive electronic control unit market
growth prospects across the regions of North America, the Asia Pacific, Europe,
the Middle East, and Africa, and Latin America. North America is set to hold
the highest market share ascribed to the widespread deployment of latest and
advanced technologies like semiconductors and ultra-reliable low-latency
network communications technologies. Penetration of high-end vehicles with
onboard driver assistance system and the rising automotive investments have propelled
Asia Pacific to emerge as the fastest growing region in the global market.
The competitive landscape
showcases the profiles and business strategies of the major players, along with
their recent developments. Some of the dominant players operating in the
automotive electronic control unit (ECU) market include Delphi Automotive,
Robert Bosch GmbH, ZF TRW Automotive, Denso Corporation, Hitachi Automotive,
Autoliv Inc., Mitsubishi Electric Co., Magneti Marelli S.p.A., Continental AG,
and Takata Corporation among others.
The key players have identified
current market dynamics in terms of its size, supply-demand value chain
mechanism, prevailing trends, governing factors, drivers, challenges and
opportunities, their competitive landscape and product innovation. Players are entering
into business partnerships with fellow contestants and are significantly
investing in innovation strategies, which is estimated to drive the cellular
vendors to reach new growth markets. The market participants have identified
the major distribution channels, supply chain mechanism, industry cost
structure and production capabilities.
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