The automotive ECU market is projected to increase at a 6.1% CAGR from 2017 to 2022, reaching US$ 48,500.0 million. The market is projected to reach US$ 77,887.0 million by 2032.
Automotive ECU or Electronic Control Unit is a family of computer systems that controls and maintains the entirety of electronic, electrical and mechanical systems of a vehicle. ECU can be classified based on the functions such as Engine Control Module (ECM), Body Control Module (BCM), Electronic Brake Control Module (EBCM), Powertrain Control Module (PCM), Transmission Control Module (PCM), Suspension Control Module (SCM), Door Control Unit (DCM), Battery Management System (BMS), General Electric Module (GEM) and others. Automotive functions ranging from the movement of the windows to the amount of air-fuel mixture required for each engine cylinder has an ECU system embedded with it which is recorded, analyzed and stored in the microcontroller. Technological advancements in automotive technology has led to an increase in implementation of complex ECUs in a vehicle. Some of the automobile models running today on the roads have more than 80 different ECUs present in it.
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Automotive ECU Market Dynamics
Increased demand for technologically advanced vehicles like hybrid cars in the developed and developing countries is one of the major factors driving the growth of ECU market. Government regulations to reduce fuel usage and increasing demand for better mileage of the vehicles by the general public is another major factor leading to high growth of ECU market in the automotive industry. The steady growth of alternative vehicle choices such has the hybrid and pure electric cars in the developed nations has contributed significantly to the ECU market due to high complexities of these vehicles over conventional vehicles. Driver safety, security concerns, ease of driving, low maintenance demanded by the customers are also some of the factors driving the growth of ECU market.
The involvement of smartphones connected to the vehicle providing the driver with real time information about the state of vehicle is a major trend in recent times. These advanced ECU systems with the provision to connect with the smartphones easily can lead to an improvement in the growth of ECU systems.
An ECU system usually comprises of electronic and mechanical components working in tandem with each other. Perfect integration of these components is a major challenge which in turn can hinder the growth of the ECU market.
Automotive ECU Market: Regional Outlook
The Global Automotive ECU system market is segmented into seven geographical regions such as North America, Latin America, Western and Eastern Europe, Asia Pacific Excl. Japan (APEJ), Japan, Middle East and Africa (MEA). Automotive production hubs such as China, India, and South Korea in the APEJ region is anticipated to grow at a significant CAGR due to steady growth of automotive production and sales. North America has witnessed a steady growth rate in the adoption of hybrid and electric vehicles leading to improved sales of automotive ECU market in the region.
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Automotive ECU Market: Key Players
Some of the major players identified in the Global Automotive ECU Systems are:
- Robert Bosch GmbH
- Continental AG
- Magneti Marelli S.p.A.
- Denso Corporation
- ZF TRW Automotive
- Delphi Automotive
- Autoliv Inc.
- Hitachi Automotive Systems Ltd.
- Takata Corporation
- Mitsubishi Electric Co.
- Panasonic Corporation
- Hella KGaA Hueck & Co. (Hella)
Automotive ECU Market: Segmentation
Automotive ECU System Market can be segmented by vehicle type, sales channel and applications.
By Types:
- Passenger vehicles
- Internal Combustion Engines
- Hybrid Vehicles
- Battery Electric Vehicles (BEV)
- Light Commercial Vehicles
- Heavy Commercial Vehicles
By Sales Channel:
- Original Equipment Manufacturer
- Aftermarket
By Application:
- Engine Control Module
- Transmission Control Module
- Powertrain Control Module
- Airbag Control Module
- Body Control Module
- Electronic Braking Control Module
- Steering Control Module
- Climate Control Module
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
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Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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