Vehicle Control Unit (VCU) Market Projected to Reach US$ 11,102.5 Million by 2033 Growing Demand for Advanced Vehicle Electronics Drives Market Growth

According to Future Market Insights, demand for vehicle control unit (VCU) market is expected to grow at a CAGR of 19.3% over the projected timeframe. The market is expected to be valued at US$ 11,102.5 million by 2033, up from US$ 1,901.1 million in 2023.

Due to a number of factors, including the rising popularity of electric vehicles, the level of automation found in automobiles, and the electrification of automotive components, it is projected that sales of vehicle control units (VCUs) would rise. The rising demand for ADAS and automated safety systems is one of the primary motivators. Another is the escalating worries about public safety. But because of high investment costs, the industrial sector’s expansion is severely limited.

Get a comprehensive analysis of the market from professionals in the field to assess and create growth strategies. Get the sample here:
https://www.futuremarketinsights.com/reports/sample/rep-gb-15846

The need for high-tech electric vehicles and cutting-edge vehicle electronics technology is primarily driving the growth of the market for vehicle control units. Increased interest in electric vehicle technology and the demand for integrated vehicle electronics are expected to boost the industry. As they develop compact VCUs with cutting-edge technology, businesses are managing a variety of integrated services, including ADAS, predictive technologies, infotainment, body control, battery management, torque coordination, and autonomous driving.

Key Takeaways from the Vehicle Control Unit (VCU) Market

  • The United States is expected to hold a 10.5% market share during the projection period. The region dominates the global market.
  • During the forecast period, Europe is predicted to be the second largest market, with a 6.4% share.
  • Asia Pacific is expected to be the fastest-growing and largest vehicle control unit market during the forecast period.
  • The China vehicle control unit market is expected to develop at a CAGR of 14.6% during the projected period.
  • The India vehicle control unit market is expected to be one of the areas with the biggest development potential, with a CAGR of 23.6%.
  • Due to the constant growth in the pace of production worldwide, which has increased in the manufacture and installations of VCU systems, the ICE category dominated the market with a 70.12% share for the Propulsion Type.
  • The market CAGR for ADAS systems was about 6.71%. The major automakers are incorporating ADAS technologies to increase the safety rating of their vehicles and win over customers, which is driving up demand for this industry internationally.
  • With a market share of 65%, the Passenger Cars sector of the Vehicle Type division topped the market.

Adapt Your Knowledge: Unlocking Targeted Insights to Promote Market Growth for Vehicle Control Units (VCU)
https://www.futuremarketinsights.com/customization-available/rep-gb-15846

Some of the Major Players in the Vehicle Control Unit (VCU) Market

  • Texas Instruments (US)
  • Mitsubishi Electric Corporation (Japan)
  • ZF FRIEDRICHSHAFEN AG (Germany)
  • Continental AG (Germany)
  • Denso Corporation (Japan)
  • Hyundai Mobis (Korea)
  • Autoliv (Sweden)
  • Robert Bosch GmbH (Germany)
  • Altera (Intel Corporation) (U.S.)
  • Valeo Inc. (France)
  • Delphi Technologies (U.K.)
  • NXP Semiconductors N.V. (Netherlands)

Vehicle Control Unit (VCU) Market Segmentation by Category

By Vehicle Type:

  • Commercial Vehicle
  • Passenger Car

By Component:

  • Hardware
  • Software

By Propulsion Type:

  • BEV
  • HEV
  • PHEV

By Communication Technology:

  • Controller Area Network
  • Local Interconnect Network
  • Flexray
  • Ethernet

By Function:

  • Predictive Technology
  • Autonomous Driving/ADAS

Recent Developments in the Vehicle Control Unit (VCU) Market

  • Mitsubishi said in February 2019 that it has developed the world’s smallest power unit for a two-motor hybrid electric car (two inverters and one converter), weighing only 2.7 liters and generating a world-leading 150 kVA/l power density. The motor also has a world-class output power density of 23 kW/l.
  • In March 2020, Robert Bosch GmbH and Nikola Motor Company formed a partnership to develop a fuel cell truck. The central component of the advanced truck system is the Bosch vehicle control unit, which provides more computer capacity for advanced operations while reducing the number of separate components.
  • Continental unveiled the redesigned Safety Domain Control Unit (SDCU) in January 2018 as a backup for the Automated Driving System.

About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.
Christiana Corporate,
200 Continental Drive,
Suite 401, Newark,
Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
LinkedIn | Twitter | Blogs

Leave a comment

Your email address will not be published. Required fields are marked *