The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.
The latest report by IMARC, titled “ AutomotiveElectronicControlUnit(ECU)Market:GlobalIndustryTrends,Share,Size,Growth,Oppor tunityandForecast2023-2028
” the global automotive electronic control unit (ECU) market size reached US$ 79.5 Billion in 2022.
The automotive electronic control unit (ECU) is an embedded electronic system that controls the vehicle's electrical systems. In order to enhance the in-vehicle experience, electronic control units (ECUs) provide entertainment and information and can collect input from various sensors mounted on different vehicle components. With multiple sensors surrounding a vehicle feeding data to the ECU, it can manage, control and increase the performance of numerous electronic systems, such as keyless entry, engine and steering control, power windows, and heating, ventilation and air conditioning (HVAC). It provides various benefits, such as ease of driving, security concerns, driver safety, and low maintenance requirements. A number of passive and active safety features are also controlled by the ECU, such as fuel injection, maintaining cabin temperature, and monitoring braking and suspension. The more advanced ECUs are also capable of communicating with the cloud as well as other vehicles and infrastructures via vehicle-to-vehicle (V2V) and vehicle-to-everything (V2X) technologies.
Request Free Sample Report:
https://www.imarcgroup.com/automotive-electronic-control-unit-market/requestsample
The global market is majorly driven by the escalating demand for improved in-vehicle infotainment and communication apps in passenger vehicles. This can be attributed to the rising demand for luxury and premium cars with advanced features among the masses. Moreover, the growing awareness regarding the protection of owner data stored in the control units of connected vehicles resulting in continual product innovations is propelling the market. Stringent government regulations to reduce fuel usage resulting in the growing remapping of the control units of a vehicle to control fuel flow and enhance the mileage are also providing an impetus to the market. In addition to this, the shifting preference of consumers toward electric vehicles (EVs), including hybrid and battery EVs, is creating a positive market outlook. The market is further fueled by the advent of fuel-efficient self-driving cars, along with continual advancements in autonomous driving technology. Apart from this, the rising incorporation of vehicle-tovehicle (V2V) communication, artificial intelligence (AI), augmented reality (AR), and machine learning (ML) in the automotive industry is also acting as a significant growth-inducing factor. Numerous innovations in driver-assisted technologies, such as adaptive cruise control (ACC), automatic emergency braking (AEB), lane departure warning (LSW), and blind-spot detection, are further resulting in a higher product uptake. Some of the other factors contributing to the market include extensive research and development (R&D) related to manufacturing low-cost ECUs, considerable growth in the electronics sector, an enhanced focus on sustainable development, and inflating disposable income levels. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 110.2 Billion by 2028, exhibiting a CAGR of 5.4% during 2023-2028.
Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).
MarketSummary:
BreakupbyCapacity:
• 16-Bit ECU
• 32-Bit ECU
• 64-Bit ECU
BreakupbyVehicleType:
• Passenger Cars
• Commercial Vehicles
BreakupbyPropulsion:
• Internal Combustion Engine
• Hybrid
• Battery Electric Vehicle
BreakupByApplication:
• ADAS and Safety System
• Body Control and Comfort System
• Infotainment and Communication System
• Powertrain System
• Others
BreakupbyRegion:
• 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
CompetitiveLandscapewithKeyPlayers:
• 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
• ZF Friedrichshafen AG.
ViewFullReportwithTOC&ListofFigure:
https://www.imarcgroup.com/automotive-electronic-control-unit-market
We are the trusted business partners to the world's leading corporates, governments, and institutions
We are the trusted business partners to the world's leading corporates, governments, and institutions
© 2019 IMARC All Rights Reserved
This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC).
Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication.
IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.
