Automotive Electronics Control Unit Market: Regional Trend, Revenue & Growth Forecast to 2024

Automotive Electronics Control Unit Market: Regional Trend, Revenue & Growth Forecast to 2024

The 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.

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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Tesla has projected that by 2022, it would have received orders for about 100,000 Semis, with companies like UPS, Pepsi, Walmart, DHL and many others having already placed orders for the electric trucks. As other automobile manufacturers join the race for electric heavy duty vehicles, the automotive ECU market will experience considerable upsurge in investments to speed up productions. The International Energy Agency reported that in 2017 itself, the number of electric vehicles on roads had reached 3.1 million.

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.

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 ECU industry 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 electronics control unit 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.

 

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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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