Automotive Electronics Control Unit Market Outlook By Industry Statistics and Growth Forecast Analysis To 2024
Automotive electronics control unit market has witnessed incredible growth over the last two decades, owing to unparalleled expansion of the global automobile production sector and the influx of technology within vehicles. Continuously evolving knowledge and skills have enabled the integration of advanced electronic elements within automobiles such as fuel injection control and exclusive infotainment systems. Increase in spending power of the general population has encouraged automakers to pioneer connected systems and cutting-edge features, propelling the automotive ECU industry development.
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The International Organization of Motor Vehicle Manufacturers had revealed that a total of 97,302,534 cars and commercial vehicles had been manufactured across the globe in 2017. Practically, the number of ECUs in a car could be anywhere between 70 to more than 150, depending on the type of vehicles, indicating the massive demand that exists for the automotive electronics control unit market. The large number of ECUs have permitted enhanced safety features and external connectivity solutions to be installed in high-end as well as low-cost vehicles
Notable advancements in ECUs have stimulated auto manufacturers to find ways for reducing emissions through efficient control systems, ushering in a transformation of the automotive electronics control unit market and leading to the growth of smart technologies. The advent of electric vehicles has furthered the development of ECUs required for complex monitoring and operating of a vehicle. Considered to be a rapidly expanding source of remuneration for the automotive ECU market, the battery electric vehicles (BEVs or just EVs) are gaining increased momentum with each passing year. Worldwide environmental concerns have been the primary driver for the EV industry, coercing nations to invest heavily into boosting the adoption of EVs.
Although electric trucks have been used on the streets for many years now, the increased affordability of the technology has allowed vehicle makers to design and introduce new products. For instance, Piaggio Commercial Vehicles’ electric power range has been providing customers with clean medium-duty commercial vehicles having, comfortable power delivery system and appreciable range, for over 20 years. The automotive electronics control unit market is thriving due to the efforts of companies who want to bring forward the transition towards a greener transport industry, like Daimler, who is developing 25 ton truck, and Proterra, which has designed an electric public transportation bus.
Poised to surpass USD 95 billion in earnings by 2024, the automotive electronics control unit market is dominated by key industry participants like Bosch Group, Delphi Technologies, Hyundai MOBIS, Mitsubishi Electric Corp, Continental AG, besides others. Rising awareness about ADAS and other safety systems to prevent road accidents along with continuous research into designing powerful, more efficient ECUs will give significant propulsion to the automotive ECU industry over the coming years.
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Partial Chapter of the Table of Content
Chapter 6 Automotive Electronics Control Unit Market, By Mode
6.1 Key trends by mode
6.2 Autonomous vehicles
6.2.1 Market estimates and forecast, by region 2013 - 2024
6.3 Conventional vehicles
6.3.1 Market estimates and forecast, by region 2013 - 2024
6.4 Semi-autonomous vehicles
6.4.1 Market estimates and forecast, by region 2013 - 2024
Chapter 7 Automotive Electronics Control Unit Market, By Propulsion Type
7.1 Key trends by propulsion type
7.2 BEVS
7.2.1 Market estimates and forecast, by region 2013 - 2024
7.3 Hybrid vehicles
7.3.1 Market estimates and forecast, by region 2013 - 2024
7.4 ICE vehicles
7.4.1 Market estimates and forecast, by region 2013 - 2024
Chapter 8 Automotive Electronics Control Unit Market, By Application
8.1 Key trends by application
8.2 ADAS & Safety
8.2.1 Market estimates and forecast, by region 2013 - 2024
8.3 Body control & comfort
8.3.1 Market estimates and forecast, by region 2013 - 2024
8.4 Infotainment & communication
8.4.1 Market estimates and forecast, by region 2013 - 2024
8.5 Powertrain
8.5.1 Market estimates and forecast, by region 2013 - 2024
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