Automotive
Electronic Control Unit Market Overview:
The Automotive
Electronics Control Unit Market deals with
automotive electronic control units or ECUs. The ECUs apply in sectors of the
automobile industry where they work with the vehicles' electronic systems. It
coordinates with the sensors fitted in cars and deals with actuators for the
proper functionalities of a car.
Some
of the very common ECUs in the automotive industries are the Power train
control model and engine control module. The parking aid and transmission
control modules also fall under the ECU market. The applications of ECUs have
been expanding over different industries. Therefore, the Automotive Electronics
Control Unit Market has been increasing in size and valuation. The market
will expand at a rate of 6.1 per cent in the next few years of the forecast
period. As major automotive manufacturers focus on small parts manufacturing,
the market looks at growth opportunities for the next few years.
The
rise of electrically powered vehicles is a great indicator for the Automotive
Electronics Control Unit Market. Electric cars create an increased
scope of application for Automotive Electronic Control Units. As the global
automotive industry turns its gaze towards fuel efficiency and advanced
features with sustainability, Automotive Electronic Control Units become a
necessity for automotive manufacturing.
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Technological
advancements in the industry and increase of revenue generation from the
industry are positive influences on its growth rate. The COVID 19 pandemic did
take a toll on the market as manufacturing industries shut down. However, with
the receding of pandemic waves, the Automotive Electronics Control Unit Market
looks at a new scope of growth.
Industry News
The
use of Artificial intelligence and AR in-car functionalities will drive the
application of ECUs in automotive. Key companies of the sector are working on
new product development like contactless human-machine interfaces with the help
of ECUs. The development of new driving monitoring systems and voice control
systems for automotive with the help of ECUs is a major industry trend.
Key Players
- 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)
- Takata
Corporation (Japan)
Market Segmentation
The Automotive
Electronics Control Unit Market has been divided into different
industrial segments based on different criteria. The various criteria of
segmentation are technology, propulsion and application. The propulsion segment
includes internal combustion engines hybrid and battery-operated vehicles. The
application segment includes utility vehicles, passenger vehicles and
commercial transport. The technology segment is extensive, with transmission
control system, engine management system, antilock system and power steering
system falling under the segment. The regional segmentation of the ECU market
is discussed in the next section.
Regional analysis
The Automotive Electronics Control Unit Market Size disperses over different regions of the world. These smaller
segments of the global market are called primary regional markets. The primary
regional markets of the sector are based in North America, Asia Pacific,
Europe, Latin America, and African, Middle Eastern region. The Asia Pacific
region holds the dominant revenue share in the forecast period.
Additionally,
the North American region comes in at second place in terms of companies and
revenue. The sale of ECU powered vehicles has also been highest in the APAC
countries of China and Japan. The APAC region comes forth as the
fastest-growing market for Electronic Control Units. The demand for
electrically powered passenger vehicles has driven the demand in Asian
countries.
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