Automotive Electronic Control Unit Market
Automotive Electronic Control Unit Market Forecasts to 2028 – Global Analysis By Propulsion (Hybrid Vehicles, Battery Electric Vehicle), Vehicle Type (Passenger Car, Electric Vehicle), and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2021) |
US $92.04 BN |
|
Projected Year Value (2028) |
US $148.77BN |
|
CAGR (2021 - 2028) |
7.1% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Automotive Electronic Control Unit Market is accounted for $92.04 billion in 2021 and is expected to reach $148.77 billion by 2028 growing at a CAGR of 7.1% during the forecast period. The automotive electronic control unit is an embedded system utilized to control electrical systems in vehicles. It helps in collecting input from various sensors mounted on vehicle components and relying on actuators to manage the functionalities of automobiles.
Market Dynamics:
Driver:
Increase in demand for automotive
The automotive industry is growing toward a new world with sustainability, changing consumer behavior, encompassing electric vehicles, connected cars, mobility fleet sharing, and improving lifestyles. In addition, the demand for electric vehicles promotes the demand for electronic control units in these vehicles. Manufacturers of parts and components of IC engine vehicles are now expanding their business into the electric vehicle domain. Thus, the increase in demand for electric vehicles is likely to increase the demand for an electronic control unit in the near future.
Restraint:
Increasing Consumer Preference for BYOD
A key factor restraining the growth of the automotive electronic control unit market is the increasing consumer preference for BYOD (bring your own device) and the approach to ECU consolidation. Unlike conventional cockpit electronics systems, BYOD technology eliminates the need for embedded display and infotainment systems in the vehicle. It also indirectly decreases the use of ECUs, which are needed to run these technologies. Moreover, OEMs are adopting BYOD technology as it is easy to use and helps to cut down the overall cost of the vehicle.
Opportunity:
Stringent safety regulations set by governments
The vehicle's safety plays a vital role while implementing a safety feature or a safety system in a vehicle. So, the government of several countries implemented several protocols, such as the compulsion of airbags and anti-lock braking systems among others in every vehicle. Hence, vehicles equipped with safety standards are least likely to cause injury to the occupants. Thus, the government's compulsion of stringent safety regulations anticipates the demand for electronic control units (ECUs) used in the vehicle’s safety systems.
Threat:
Technical failures and expensive repairs
Technical failures of the automotive electronic control unit may cancel the engine's fuel setting and timing, negatively affecting vehicle performance. This may cause intermittent faults in the vehicle. Electronic control unit failure may cause fuel efficiency, acceleration, and power reduction. The control units are very difficult, and most interrelated controls influence each other. Therefore, a malfunctioning control unit may cause fatal problems such as triggering airbags when not needed. Such unit failures lead to an extra cost burden on consumers. Therefore, this may hamper the growth of the automotive electronic control units market.
The light commercial vehicle segment is expected to be the largest during the forecast period
The light commercial vehicle segment is estimated to have a lucrative growth due to 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 is increasing the demand for automotive ECUs. 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.
The advanced driver-assistance systems (ADAS) and safety system segment is expected to have the highest CAGR during the forecast period
The advanced driver-assistance systems (ADAS) and safety system segment is anticipated to witness the fastest CAGR growth during the forecast period owing to the rising demand for advanced driving-assisted features in all types of vehicles. Also, the few semiautonomous vehicles growing in demand will create advanced features and component requirements, increasing market growth.
Region with highest share:
North America is projected to hold the largest market share during the forecast period due to the increasing use of safety systems in standard vehicles. The increase in the installation of electronic systems in passenger cars, light commercial vehicles, and SUVs is likely to drive the growth of the automotive electronic control unit market in the region.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period owing to the increase in production and demand for passenger cars and electric vehicles, the rising demand for advanced electronics in vehicles, the growing purchasing power of the consumers, and rising consumer awareness for safety features in the developing countries.
Key players in the market
Some of the key players profiled in the Automotive Electronic Control Unit Market include ZF Friedrichshafen AG, Robert Bosch GmbH, Nidec Corporation, Autoliv Inc., Magneti Marelli, Leopold Kostal GmbH & Co. KG, Lear Corporation, Hyundai Mobis, Denso, Continental AG, Aptiv PLC, Mitsubishi Electric and Hitachi.
Key Developments:
In October 2021, ZF Friedrichshafen AG announced that one million units of its active rear-axle steering system AKC (active kinematics control) had been produced since its launch in 2013. AKC enables agility, safety, and comfort in numerous driving situations.
In March 2020, Robert Bosch GmbH partnered with and Nikola Motor Company to develop a fuel cell truck with a capacity of 40 tons. The key element of the advanced truck system is the Bosch vehicle control unit, which provides higher computing power for advanced functions while reducing the number of independent units.
Propulsions Covered:
• Internal Combustion Engine
• Hybrid Vehicles
• Battery Electric Vehicle
Electronic Control Units Covered:
• 16-Bit Electronic Control Unit
• 32-Bit Electronic Control Unit
• 64-Bit Electronic Control Unit
Autonomy Covered:
• Semi-Autonomous Vehicle
• Conventional Vehicle
• Autonomous Vehicle
Types Covered:
• Gasoline
• Diesel
Vehicle Types Covered:
• Passenger Car
• Light Commercial Vehicle
• Heavy Commercial Vehicle
• Electric Vehicle
Applications Covered:
• Transmission Control System
• Powertrain System
• Airbag Restraint System
• Climate Control System
• Antilock Braking System
• Engine Management System
• Body Control and Comfort System
• Advanced Driver-Assistance Systems (ADAS) and Safety System
• Infotainment and Communication System
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Automotive Electronic Control Unit Market, By Propulsion
5.1 Introduction
5.2 Internal Combustion Engine
5.3 Hybrid Vehicles
5.4 Battery Electric Vehicle
6 Global Automotive Electronic Control Unit Market, By Electronic Control Unit
6.1 Introduction
6.2 16-Bit Electronic Control Unit
6.3 32-Bit Electronic Control Unit
6.4 64-Bit Electronic Control Unit
7 Global Automotive Electronic Control Unit Market, By Autonomy
7.1 Introduction
7.2 Semi-Autonomous Vehicle
7.3 Conventional Vehicle
7.4 Autonomous Vehicle
8 Global Automotive Electronic Control Unit Market, By Type
8.1 Introduction
8.2 Gasoline
8.3 Diesel
9 Global Automotive Electronic Control Unit Market, By Vehicle Type
9.1 Introduction
9.2 Passenger Car
9.3 Light Commercial Vehicle
9.4 Heavy Commercial Vehicle
9.4.1 Agricultural Tractors
9.4.2 Construction & Mining Equipment
9.5 Electric Vehicle
10 Global Automotive Electronic Control Unit Market, By Application
10.1 Introduction
10.2 Transmission Control System
10.3 Powertrain System
10.4 Airbag Restraint System
10.5 Climate Control System
10.6 Antilock Braking System
10.7 Engine Management System
10.8 Body Control and Comfort System
10.9 Advanced Driver-Assistance Systems (ADAS) and Safety System
10.10 Infotainment and Communication System
11 Global Automotive Electronic Control Unit Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 ZF Friedrichshafen AG
13.2 Robert Bosch GmbH
13.3 Nidec Corporation
13.4 Autoliv Inc.
13.5 Magneti Marelli
13.6 Leopold Kostal GmbH & Co. KG
13.7 Lear Corporation
13.8 Hyundai Mobis
13.9 Denso
13.10 Continental AG
13.11 Aptiv PLC
13.12 Mitsubishi Electric
13.13 Hitachi
List of Tables
1 Global Automotive Electronic Control Unit Market Outlook, By Region (2020-2028) ($MN)
2 Global Automotive Electronic Control Unit Market Outlook, By Propulsion (2020-2028) ($MN)
3 Global Automotive Electronic Control Unit Market Outlook, By Internal Combustion Engine (2020-2028) ($MN)
4 Global Automotive Electronic Control Unit Market Outlook, By Hybrid Vehicles (2020-2028) ($MN)
5 Global Automotive Electronic Control Unit Market Outlook, By Battery Electric Vehicle (2020-2028) ($MN)
6 Global Automotive Electronic Control Unit Market Outlook, By Electronic Control Unit (2020-2028) ($MN)
7 Global Automotive Electronic Control Unit Market Outlook, By 16-Bit Electronic Control Unit (2020-2028) ($MN)
8 Global Automotive Electronic Control Unit Market Outlook, By 32-Bit Electronic Control Unit (2020-2028) ($MN)
9 Global Automotive Electronic Control Unit Market Outlook, By 64-Bit Electronic Control Unit (2020-2028) ($MN)
10 Global Automotive Electronic Control Unit Market Outlook, By Autonomy (2020-2028) ($MN)
11 Global Automotive Electronic Control Unit Market Outlook, By Semi-Autonomous Vehicle (2020-2028) ($MN)
12 Global Automotive Electronic Control Unit Market Outlook, By Conventional Vehicle (2020-2028) ($MN)
13 Global Automotive Electronic Control Unit Market Outlook, By Autonomous Vehicle (2020-2028) ($MN)
14 Global Automotive Electronic Control Unit Market Outlook, By Type (2020-2028) ($MN)
15 Global Automotive Electronic Control Unit Market Outlook, By Gasoline (2020-2028) ($MN)
16 Global Automotive Electronic Control Unit Market Outlook, By Diesel (2020-2028) ($MN)
17 Global Automotive Electronic Control Unit Market Outlook, By Vehicle Type (2020-2028) ($MN)
18 Global Automotive Electronic Control Unit Market Outlook, By Passenger Car (2020-2028) ($MN)
19 Global Automotive Electronic Control Unit Market Outlook, By Light Commercial Vehicle (2020-2028) ($MN)
20 Global Automotive Electronic Control Unit Market Outlook, By Heavy Commercial Vehicle (2020-2028) ($MN)
21 Global Automotive Electronic Control Unit Market Outlook, By Agricultural Tractors (2020-2028) ($MN)
22 Global Automotive Electronic Control Unit Market Outlook, By Construction & Mining Equipment (2020-2028) ($MN)
23 Global Automotive Electronic Control Unit Market Outlook, By Electric Vehicle (2020-2028) ($MN)
24 Global Automotive Electronic Control Unit Market Outlook, By Application (2020-2028) ($MN)
25 Global Automotive Electronic Control Unit Market Outlook, By Transmission Control System (2020-2028) ($MN)
26 Global Automotive Electronic Control Unit Market Outlook, By Powertrain System (2020-2028) ($MN)
27 Global Automotive Electronic Control Unit Market Outlook, By Airbag Restraint System (2020-2028) ($MN)
28 Global Automotive Electronic Control Unit Market Outlook, By Climate Control System (2020-2028) ($MN)
29 Global Automotive Electronic Control Unit Market Outlook, By Antilock Braking System (2020-2028) ($MN)
30 Global Automotive Electronic Control Unit Market Outlook, By Engine Management System (2020-2028) ($MN)
31 Global Automotive Electronic Control Unit Market Outlook, By Body Control and Comfort System (2020-2028) ($MN)
32 Global Automotive Electronic Control Unit Market Outlook, By Advanced Driver-Assistance Systems (ADAS) and Safety System (2020-2028) ($MN)
33 Global Automotive Electronic Control Unit Market Outlook, By Infotainment and Communication System (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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