Automotive Electronic Control Unit Market

Posted by Abhijeet Bendre on September 16th, 2019

Market research future published research report on global automotive electronic control unit market. The automotive electronic control unit market is expected to grow at ~6.1% CAGR during the period 2017 to 2023.

Market Highlights:

The global automotive electronic control unit market is very dynamic and is expected to witness significant growth over the forecast period. The automotive electronic control unit is one of the most crucial vehicle parts that have been gaining a lot of attention among the major vehicle manufacturers. The automotive industry has become one of the major revenues generating industries and has come up with several technological advancements in the last few years. The automotive electronic control unit is one of them. The global automotive electronic control unit market has witnessed remarkable growth in the global market and is expected to grow at CAGR of ~6.1% during the forecast period.

The automotive electronic control unit performs an integral function within the engine as well as it enhances its efficiency to enable a smooth run of vehicle. The automotive electronic control unit majorly consists of components such as engine control unit, brake control module, engine management system, powertrain system, and climate control system. These components work very efficiently, transmitting the engine performance to the electronic control unit. The growth of the global automotive electronic control unit market is influenced by factors such as low emission & higher fuel efficiency, increasing sales of new vehicles, strict government regulations on reducing vehicles emission, technological advancements and emerging economies. A major hindering factor that could prevent the market growth is higher system cost. Furthermore, the growing demand for gasoline engine vehicles and increasing disposable income creates major market opportunities.

Market Research Analysis:

Geographically, the global automotive electronic control unit market has been divided as four major regions as North America, Europe, Asia Pacific and Rest of the World. Among these regions, Asia Pacific has dominated the global market due the factors such as strict regulation on vehicle emission, rising disposable income, and growing new vehicle registration. North America is the second leading region in terms of revenue, followed by Europe. Additionally, Asia Pacific has emerged as the fastest growing economy. During the last few years, APAC has sold the highest number of vehicles, where contributions by China, Japan and Indonesia’s, are significant. Moreover, the growing demand for passenger vehicles, has majorly driven the APAC region.

Scope of the Report:

This study provides an overview of the global automotive electronic control unit market, tracking two market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive electronic control unit market by type, vehicle type and by regions.

The prominent players in the automotive electronic control unit market include Denso Corporation (Japan), Delphi Automotive (UK), Robert Bosch (Germany), Hyundai Mobis (South Korea), Continental AG (Germany), Lear Corporation (US), Hitachi Automotive Systems (Japan), Panasonic Corporation (Japan), Magneti Marelli (Italy), Pektron Group (UK), and Takata Corporation (Japan).

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