Automotive ECU Market is Booming Worldwide Scrutinized in New Research

Summery:

Automotive ECU Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Application (ADAS and Safety System, Body Control and Comfort System, Infotainment and Communication System, and Powertrain System), Propulsion Type (Electric, Hybrid, and ICE), ECU Capacity (16-Bit ECU, 32-Bit ECU, and 64-Bit ECU), and Vehicle Type (Heavy Duty, Medium Duty, and Light Duty), and Geography

Description: "Automotive ECU Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Application, Propulsion Type, ECU Capacity, and Vehicle Type," the market is expected to grow from US$ 28,155.75 million in 2021 to US$ 42,649.95 million by 2028; it is estimated to grow at a CAGR of 6.1% from 2021 to 2028.

Market Overview: The global automotive ECU market is expected to grow from US$ 28,155.75 million in 2021 to US$ 42,649.95 million by 2028; it is estimated to grow at a CAGR of 6.1% from 2021 to 2028. APAC is expected to be one of the fastest growing region in the adoptions of automotive ECU. The region is expected to grow at around 6% to 7% by this year and accounts for two third of global growth. The current focus of Asian countries on the development of a solid and a strong manufacturing sector has boosted the prospects of the automotive manufacturing in the region. There are various factors such as growing vehicles production and sale that are expected to drive the growth of the automotive ECU market in this region. The automotive industry in North America continues to expand year on year, exhibiting steady growth rate. The region is concentrated with leading automakers, and tier 2 and small vehicle manufacturers. The economic rise in the region has a positive impact on the consumption pattern of passenger cars. The demand for premium cars is constantly increasing in North America due to steady economic progression. Owing to the increasing demand from North American mass, the automakers in the region are increasing their production line to meet the rising demand.

 

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Lucrative Regions for Automotive ECU Market

 

 

Automotive ECU Market Insight

Rising Adoption of Smart Technologies Bolsters Automotive ECU Market Growth

The demand for automotive electronic control unit (ECU) is increasing at a notable rate in the SUVs segment of the automotive sector. The rising demand for SUVs is thus boosting the growth of automotive ECU market. The popularity of SUVs continues to grow in almost every market in the world. As the global marketplace has experienced tremors due to trade tensions and a slowdown in the Chinese market, car manufacturers look for new ways to expand their presence. The shifting interest of customers from sedan or hatchbacks to SUVs started 7 years ago and is still progressing strong, which has encouraged vehicle manufacturers to focus on integrating advance automotive ECUs in these vehicles. China accounted for ~46% of global SUV sales in 2020, registering a year-on-year rise of 27%. The SUV market in China has undergone some significant changes.

Application Segment Insights

The automotive ECU market, by application, is segmented into ADAS and safety system, body control and comfort system, infotainment and communication system, and powertrain system. The ADAS and safety system consists of various components such as anti-lock braking systems, electronic stability control, and traction control, which are mandate components in almost every vehicle in each country. Thus, the ADAS and safety system segment dominates the market.

Automotive ECU Market, by Application (% Share)

 

Propulsion Type Segment Insights

The automotive ECU market, by propulsion type, is segmented into electric, hybrid, and ICE. The ICE segment dominates the market due to significant share and deep penetration in the market. However, the market for the electric segment is growing at the highest CAGR due to the increasing sale of electric vehicles in countries such as China, the US, the UK, and Germany.

 

Global Automotive ECU Market - By Application

  • ADAS and Safety System
  • Body Control and Comfort System
  • Infotainment and Communication System
  • Powertrain System

Global Automotive ECU Market - By Propulsion Type

  • Electric
  • Hybrid
  • ICE

Global Automotive ECU Market - By ECU Capacity

  • 16-bit ECU
  • 32-bit ECU
  • 64-bit ECU

Global Automotive ECU Market - By Vehicle Type

  • Heavy Duty
  • Medium Duty
  • Light Duty

Global Automotive ECU Market – Company Profiles

  • Aptiv
  • Autoliv Inc.
  • Continental AG
  • Denso Corporation
  • Intellias Ltd.
  • Marelli Europe S.p.A.
  • Mitsubishi Electric Corporation
  • Robert Bosch GmbH
  • Transtron Inc.
  • ZF Friedrichshafen AG

Automotive ECU Market – List of companies:

  1. Aptiv PLC
  2. Continental AG
  3. Denso Corporation
  4. Hitachi, Ltd.
  5. Veoneer Inc
  6. Mitsubishi Electric Corporation
  7. Robert Bosch GmbH
  8. ZF Friedrichshafen AG
  9. TRANSTRON Inc.
  10. Pektron
Publicado en SEO en junio 24 at 12:55
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