Automotive Electronic Control Unit (ECU) Market to Exhibit a CAGR of 11.9% fromPosted by Rushikesh Pise on January 10th, 2020 Introduction to innovative technology by manufacturers to control emission and improve fuel efficiency would drive the global electronic control unit (ECU) market. Fortune Business Insights, in a published report, titled, “Automotive Electronic Control Unit (ECU) Market Size, Share & Industry Analysis, By Application (Powertrain, Braking Systems, Body Electronics, Adas, Infotainment), By Vehicle (Passenger, LCV, HCV, Electric Vehicle), and Regional Forecasts, 2019-2025,” states that the market is projected to reach 12.92 Billion units by 2025, exhibiting a CAGR of 11.9% during the forecast period. However, the automotive ECU market was at 6.20 Billion units in 2018. Also, rising sales of new vehicles is likely to impact market growth positively. list of prominent companies that are operating in the global automotive electronic control unit (ecu) market are:
The report is prepared on the bases of in-depth market analysis with inputs from key market players and industry experts. It covers several significant aspects, such as automotive ECU market trends, key vendors, growth drivers, obstacles, competitive landscape, regional analysis, and challenges. It further consists of the revenue that is generated from the sales of automotive ECU in order to calculate the market size. To Gain More Insights into the Market with Detailed Table of Content and Figures, Click Here:
Governmental Initiatives to Prevent Road Accidents to Boost Market Growth There is a rise in the number of deaths due to an increasing prevalence of road accidents. Hence, the government bodies worldwide are implementing stringent rules and regulations on automotive companies to manufacture vehicles that are equipped with the latest technology. Majority of the government bodies are putting forward strict laws to minimize the cases of death that are caused by road accidents. The New Car Assessment Program (NCAP), for instance, was implemented by Europe and China for all the manufacturers. The manufacturers must provide novel safety system, namely, ABS and lane departure warning systems in every vehicle. Vehicle that are not equipped with safety features and sensors are considered to be more prone to accidents. All these factors are anticipated to drive the automotive ECU market growth during the forecast period. Like it? Share it! More by this author |