Automotive Electronic Control Unit Market is segmented By Type (Engine Control Unit, Brake Control Module, Engine Management System, Powertrain System, Climate Control System and Others), Vehicle Type (Passenger Vehicles and Commercial Vehicles) and Region – Forecast To 2023
The automotive electronic control unit being of the most crucial parts of vehicles has gained attention among major vehicle manufacturers. One of the major revenue generating industries, the automotive industry has come up with various technological advancements, the automotive electronic control unit being one of them.
Key Company in Automotive Electronic Control Unit Market Analyzed Are:
Continental AG (Germany), Hyundai Mobis (South Korea), Robert Bosch (Germany), Lear Corporation (US), Hitachi Automotive Systems (Japan), Takata Corporation (Japan), Magneti Marelli (Italy), Pektron Group (UK), Panasonic Corporation (Japan), Denso Corporation (Japan), Delphi Automotive (UK), and others.
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The automotive electronic control unit comprises components such as brake control module, powertrain system, engine control unit, engine management system, and climate control system. The components work efficiently, transmitting the engine performance to electronic control unit.
With the increasing sales of new vehicles, higher fuel efficiency and low emission, technological advancements, and strict government mandates associated with reducing vehicles emission are some of the major factors driving the market growth over the assessment period. Also, growing disposable incomes along with increasing demand for gasoline engine vehicles is anticipated to create major market opportunities. To reduce the risk of accidents, regulatory bodies of different regions and countries are mandating installation of anti-lock braking and automated safety systems in a vehicle, thus expanding the market growth for the automotive electronic control unit. For instance, the European Commission and China have launched New Car Assessment Program which mandates the use of lane departure warning and automatic emergency braking, therefore implementing wide-scale adoption of active safety systems.
Moreover, the increase in production and sales of vehicles coupled with strict government mandates towards the safety of passengers is fueling the market growth over the assessment period. Also, developments associated with low-cost ECUs and growing demand for advanced features in vehicles is also a factor stimulating the market growth during the forecast period.
Meanwhile, higher system cost is estimated to act as a hindrance to the market growth globally. Also, the rising complexities in the system are also inhibiting the market growth globally. While on the other hand, increasing demand for hybrid and electric vehicles and need for driver assistance features are estimated are estimated to offer several growth opportunities for the growth of the market.
Globally, the market for automotive electronic control unit has been segmented based on vehicle type, type, and region.
The market has been segmented into climate control system, engine control unit, powertrain system, brake control module, engine management system, and others based on type. Among these, the segment for powertrain systems is anticipated to dominate the market during the assessment period. The engine management system is also estimated to showcase the fastest CAGR over the assessment period.
The market has been segmented into commercial vehicles and passenger vehicles based on vehicle type. Among these, the passenger vehicles segment is expected to dominate the market over the review period due to the increasing demand in automotive such as high-range and mid-range cars in the developing areas.
Geographically, the market for automotive electronic control unit has been spanned across four major regions such as Europe, North America, Asia Pacific, and Rest-of-the-World. Asia Pacific has been estimated to dominate the global market for automotive electronic control unit, owing to the growing disposable income, increasing registration of new vehicles, and strict mandates on vehicle emission. Moreover, the increasing penetration of high-end luxury vehicles coupled with the increasing focus on production of automated vehicles with active and passive safety features and advanced driver assistance has led to the market growth in this region.
North America has been estimated to hold the second position in terms of revenue, followed by Europe. Europe is the fastest growing region and is expected to expand at a staggering CAGR over the assessment period. Due to the presence of large number of automotive suppliers and manufacturers, Germany, Spain, and the U.K. have been experiencing strong economic growth. Also, significant development in consumer preferences and increasing technological user base are expected to spur the market growth.
Hitachi Automotive Systems Ltd. has announced that its Advanced Driver Assistance System Electronic Control Unit was selected for use in Mitsubishi Motors Corporation’s eK Series vehicles, which refers to three models like the eK Custom, eK Wagon, and eK Space. The eK Series with improved preventative safety functions is a mini vehicle that went on sale in the month of May of 2018.
Major Table Of Content:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
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