Blog Information
- Posted By : Vikas Chauhan
- Posted On : Apr 08, 2022
- Views : 144
- Category : General
- Description : The global automotive electronic control unit (ECU) market reached a value of US$ 75.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 105.4 Billion by 2027, exhibiting a CAGR of 5.60% during 2022-2027.
- Location : United States
Overview
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According to the latest report by IMARC Group, titled "Global Automotive Electronic Control Unit (ECU) Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027", the global automotive electronic control unit (ECU) market reached a value of US$ 75.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 105.4 Billion by 2027, exhibiting a CAGR of 5.60% during 2022-2027.
An automotive electronic control unit (ECU) is designed to control electronic systems and subsystems in a vehicle. It receives input from different parts of the vehicle and is responsible for various functions such as controlling power steering, power windows, seats, and HVAC and managing safety features, airbags, and automatic emergency brakes. At present, manufacturers are widely adopting automotive ECUs to provide advanced safety, convenience, and comfort to passengers.Report Metric Historical: 2016-2021 Base Year: 2021 Forecast Year: 2022-2027
Automotive Electronic Control Unit Market Trends and Drivers:
The market is primarily driven by the increasing sales of electric vehicles (EVs) across the globe. Besides this, governments of different countries are introducing stringent regulations mandating the incorporation of advanced safety features such as adaptive front lighting systems (AFS) and anti-lock braking systems (ABS) to increase the safety of passengers and prevent fatal road accidents.
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This, coupled with the rising adoption of advanced driver-assistance systems (ADAS) in vehicles, is creating a positive market outlook across the globe.
Moreover, key market players are making huge investments in research and development (R&D) activities to introduce advanced product variants. Furthermore, the expanding automotive industry, the rising safety concerns among individuals, and various technological advancements are some of the other factors propelling the market growth.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Automotive Electronic Control Unit Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Aptiv PLC, Continental AG, DENSO Corporation, Hitachi Ltd., Magna International Inc., Magneti Marelli S.p.A., Nidec Corporation, NXP Semiconductors N.V., Panasonic Corporation, Pektron Group Limited, Robert Bosch GmbH and ZF Friedrichshafen AG.
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The report has segmented the market on the basis of region, capacity, vehicle type, propulsion and application.
Breakup by Capacity:- 16-Bit ECU
- 32-Bit ECU
- 64-Bit ECU
Breakup by Vehicle Type:- Passenger Cars
- Commercial Vehicles
Breakup by Propulsion:- Internal Combustion Engine
- Hybrid
- Battery Electric Vehicle
Breakup By Application- ADAS and Safety System
- Body Control and Comfort System
- Infotainment and Communication System
- Powertrain System
- Others
Breakup by Region:- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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