OTTAWA, Oct. 01, 2020 (GLOBE NEWSWIRE) -- The global automotive electronic control unit market size was valued at USD 66.33 Billion in 2019 and growing at a compound annual growth rate (CAGR) of 4.3% during the forecast period 2020 to 2027. Read more details @ https://www.precedenceresearch.com/automotive-electronic-control-unit-market
Automotive Electronic Control Unit (ECU) is the most crucial part of an automobile. It belongs to the family of computer systems that maintains and controls the complete electronic, mechanical and electrical systems of a vehicle. ECU can be categorized on the basis of functions including Body Control Module (BCM), Engine Control Module (ECM), Powertrain Control Module (PCM), General Electric Module (GEM), Electronic Brake Control Module (EBCM), Suspension Control Module (SCM), Transmission Control Module (PCM), Battery Management System (BMS), Door Control Unit (DCM), and others. Various automotive functions that range from the window’s movement to the engine cylinder has an ECU system that is embedded within the system to record, analyze, and store the information in the microcontroller. Further, technological advancements in automotive industry has triggered the implementation of complex and advanced ECUs in a vehicle.
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Growth Factors
Hence implementation of large number of ECUs in the vehicle reduces its efficiency; therefore automotive giants are collaborating with the ECU manufacturers to consolidate the ECUs without hampering their performance. Henceforth, awareness among the people for reducing fuel consumption and enhancing its overall performance triggered the substantial growth of electric and hybrid vehicles. Furthermore, regulatory bodies of different nations have issued strict regulations for road safety and fuel emission. For instance, China and the European Commission launched the New Car Assessment Program (NCAP) that made the use of automatic emergency braking along with lane departure warning systems mandatory, thereby ensuring large-scale deployment of active safety systems.
Regional Snapshots
The Asia Pacific emerged as the most promising region in the global automotive ECU market. The region led the overall market accounting a revenue share of approximately 56% and registered the fastest growth over the forecast period. The significant growth of the region is primarily due to increasing awareness for battery-powered vehicles along with stringent government norms to drive the green mobility solution in the region. This helps the government of Asian countries to reduce the carbon footprint and enhance the air quality. Advanced and smart mobility incorporate advanced ECUs in the vehicle that can control more than one hardware function at a time. This also helps in reducing the total number ECUs used in the vehicle, thereby reducing the vehicle weight that improves the fuel efficiency and performance of the vehicle.
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Report Highlights
Key Players & Strategies
The global automotive ECU market offers high competition among the industry participants owing to increasing demand for advanced ECUs for smart and hybrid vehicles. Further, government regulation for the adoption of electric and battery-powered vehicles has prominently triggered the advanced ECU demand. To strengthen their position in the market, industry players are investing significantly for the technological as well as product development. Other strategies adopted by the market players are collaboration and strategic alliance with the other automotive electronic component manufacturers, this help the industry players in cementing their foothold in the market.
Some of the significant performers operating in the market include ZF Friedrichshafen AG, Robert Bosch GmbH, Continental AG, Denso Corporation, and Delphi Technologies among others.
Market Segmentation
By Propulsion Type
By Vehicle Type
By Capacity
By Application
By Regional Outlook
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