Automotive Electronics Control Unit Market Size Is Set to Witness High CAGR To 2024

The automotive electronics control unit market from passenger vehicles is expected to register a 6% CAGR over 2018-2024 as modern passenger cars have come to deploy various automated features such as energy-efficient engines and airbag security. Apparently, luxury passenger cars also deploy a number of ECUs as they are required for performance enhancement, further augmenting the industry growth via passenger cars.

However, the related increase in automobile system complexity presents a major challenge to both reliability and security. The product provides vehicles with controlling functionalities that are capable of managing the engine, transmission, and automated processes. This has led to the development of advanced automotive electronics control unit market that are responsible for overseeing, regulating, and altering the operation vehicle’s electronics systems

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Increasing emphasis on the use of electric vehicles due to growing environmental concerns is a key factor anticipated to accelerate the automotive electronics control unit market over 2020-2024. With the burgeoning need for decreasing global fuel usage and carbon emissions, the demand for electric vehicles has surged rapidly in recent years. Government organizations worldwide have been introducing several initiatives to accelerate sustainable mobility solutions.

For instance, the EC (European Commission) recently introduced the ‘green car initiative’ aimed at developing the EV market in numerous European nations. This has led to an increase in the deployment of electric vehicles, which in turn will accelerate automotive electronics control unit market growth over the forecast period.

Asia Pacific is expected to offer lucrative growth opportunities for the companies operating in the automotive electronics control unit market. This growth can be attributed to numerous factors, such as the expanding automobile sector in the region. Automakers in the region have been equipping electric and hybrid cars with innovative automotive features like infotainment & driver assistance systems, rear-facing cameras, and automated parking displays that require an electronics control unit for their functioning. This has led to an increase in the demand for HEVs across emerging nations such as India and China, which in turn will accelerate automotive ECU market growth

Notably, Calsonic Kansei Corporation, Voxx International Corporation, Panasonic Corporation, Johnson Control, Lear Corporation, Texas Instruments, Altera Corporation, Hitachi Automotive Systems, Hyundai MOBIS, Delphi Technologies, Denso Corporation, and Bosch Group are key companies currently at the forefront of global Automotive Electronics Control Unit (ECU) Market .

These companies are undertaking several organic and inorganic strategies such as low-pricing strategies and increased production to cater to major OEMs. Moreover, these companies are also developing a competitive cost structure business model by minimizing market complexity and increasing production efficiency.

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Partial Chapter of the Table of Content

Chapter 6    Automotive Electronics Control Unit Market, By Mode

6.1   Key trends by mode

6.2   Autonomous vehicles

6.2.1    Market estimates and forecast, by region 2013 - 2024

6.3   Conventional vehicles

6.3.1    Market estimates and forecast, by region 2013 - 2024

6.4   Semi-autonomous vehicles

6.4.1    Market estimates and forecast, by region 2013 - 2024

Chapter 7    Automotive Electronics Control Unit Market, By Propulsion Type

7.1   Key trends by propulsion type

7.2   BEVS

7.2.1    Market estimates and forecast, by region 2013 - 2024

7.3   Hybrid vehicles

7.3.1    Market estimates and forecast, by region 2013 - 2024

7.4   ICE vehicles

7.4.1    Market estimates and forecast, by region 2013 - 2024

Chapter 8    Automotive Electronics Control Unit Market, By Application

8.1   Key trends by application

8.2   ADAS & Safety

8.2.1    Market estimates and forecast, by region 2013 - 2024

8.3   Body control & comfort

8.3.1    Market estimates and forecast, by region 2013 - 2024

8.4   Infotainment & communication

8.4.1    Market estimates and forecast, by region 2013 - 2024

8.5   Powertrain

8.5.1    Market estimates and forecast, by region 2013 - 2024

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