The Automotive Electronic Control Unit (ECU) Market is projected to grow at a CAGR of 5.77 %, from USD 25.08 billion in 2018 to USD 39.28 billion by 2025
The implementation of basic safety systems such as ABS, anti-lock braking systems, TPMS, and electronic stability programs, along with the rising demand for advanced cockpit electronics and advanced telematics, is expected to drive the automotive ECU market. The growth can also be attributed to the increasing demand for BEVs and PHEVs, which have more electronic components than conventional ICE vehicles.
The report covers all the major players in the automotive ECU market, including Robert Bosch (Germany), Continental (Germany), Aptiv (UK), Denso (Japan), Autoliv (Sweden), Mitsubishi Electric (Japan), ZF (Germany), Hitachi (Japan), and Magneti Marelli (Italy).
Asia Pacific is estimated to be the largest market for automotive ECU. The Asia Pacific region accounts for about 50% of the global automobile production. The region comprises emerging economies such as China and India along with developed nations such as Japan and South Korea. The increasing application of advanced electronics in vehicles, the growing purchasing power of consumers, and increasing awareness of safety features are the key factors driving the growth of automotive ECU market in the Asia Pacific Region.
Request FREE Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=34863602
The ADAS & safety system segment is estimated to be the fastest-growing market during the forecast period, as the majority of the luxury and mid-segment vehicles are equipped with basic safety functions such as ABS, anti-lock braking system, e-call, AEB, and TPMS. Stringent safety norms and growing awareness about road safety are also fueling the growth of ADAS & safety system segment in the automotive ECU market.
The 64-bit ECU is estimated to be the fastest-growing segment of the market. Rising demand for advanced electronics such as windshield HUDs, camera modules, drive mode selector, RADAR, LiDAR, and advanced telematics that require fast and real-time processing is expected to drive the 64-bit ECU market.
By vehicle type, the light-duty vehicles segment is estimated to hold the largest market share of the market. Luxury light-duty vehicles use a large number of ECUs as these vehicles are equipped with advanced vehicle electronics functions for better comfort, convenience, and safety. Additionally, factors such as the sizeable number of luxury light-duty vehicles in Europe and North America and the increasing demand for these vehicles in the Asia Pacific region are increasing the demand for automotive ECUs. In the Asia Pacific region, the demand for luxury light-duty vehicles is growing due to the increasing purchasing power of consumers and the growing demand for comfort and safety features in a vehicle.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=34863602
Target Audience:
1. Automotive ECU manufacturers
2. Automotive cockpit electronics manufacturers
3. Automotive powertrain manufacturers
4. Automotive safety and comfort system manufacturers
5. Industry associations
6. Raw material suppliers for automotive ECU manufacturers
7. The Automobile Industry as an end-user, traders, distributors, and suppliers of automotive ECUs
The ADAS & safety system segment is estimated to be the fastest growing market during the forecast period, as majority of the luxury and mid-segment vehicles are equipped with basic safety functions such as ABS, anti-lock braking system, e-call, AEB, and TPMS. Stringent safety norms and growing awareness about road safety are also fueling the growth of ADAS & safety system segment in the automotive ECU market.
Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/automotive-ecu-market-34863602.html