Top Trends in Automotive Electronic Control Unit Market Size 2020 - Global Indus

Posted by Rushikesh Pise on March 26th, 2020

Fortune Business Insights, in a published report, titled, “automotive electronic control unit 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 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.

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.

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Rushikesh Pise

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Rushikesh Pise
Joined: November 4th, 2019
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