Global Automotive Electronic Control Unit (ECU) Market to Reach US$ 105.4 Billion by 2027, Propelled by Escalating Demand for Improved In-Vehicle Infotainment and Communications

December 01, 2022

According to the latest report by IMARC Group, titled “Automotive Electronic Control Unit (ECU) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global automotive electronic control unit (ECU) market size reached US$ 75.1 Billion in 2021. The automotive electronic control unit (ECU) is an embedded electronic system that controls the vehicle's electrical systems. In order to enhance the in-vehicle experience, electronic control units (ECUs) provide entertainment and information and can collect input from various sensors mounted on different vehicle components. With multiple sensors surrounding a vehicle feeding data to the ECU, it can manage, control and increase the performance of numerous electronic systems, such as keyless entry, engine and steering control, power windows, and heating, ventilation and air conditioning (HVAC). It provides various benefits, such as ease of driving, security concerns, driver safety, and low maintenance requirements. A number of passive and active safety features are also controlled by the ECU, such as fuel injection, maintaining cabin temperature, and monitoring braking and suspension. The more advanced ECUs are also capable of communicating with the cloud as well as other vehicles and infrastructures via vehicle-to-vehicle (V2V) and vehicle-to-everything (V2X) technologies.

Global Automotive Electronic Control Unit (ECU) Market Trends:

The global market is majorly driven by the escalating demand for improved in-vehicle infotainment and communication apps in passenger vehicles. This can be attributed to the rising demand for luxury and premium cars with advanced features among the masses. Moreover, the growing awareness regarding the protection of owner data stored in the control units of connected vehicles resulting in continual product innovations is propelling the market. Stringent government regulations to reduce fuel usage resulting in the growing remapping of the control units of a vehicle to control fuel flow and enhance the mileage are also providing an impetus to the market. In addition to this, the shifting preference of consumers toward electric vehicles (EVs), including hybrid and battery EVs, is creating a positive market outlook. The market is further fueled by the advent of fuel-efficient self-driving cars, along with continual advancements in autonomous driving technology. Apart from this, the rising incorporation of vehicle-to-vehicle (V2V) communication, artificial intelligence (AI), augmented reality (AR), and machine learning (ML) in the automotive industry is also acting as a significant growth-inducing factor. Numerous innovations in driver-assisted technologies, such as adaptive cruise control (ACC), automatic emergency braking (AEB), lane departure warning (LSW), and blind-spot detection, are further resulting in a higher product uptake. Some of the other factors contributing to the market include extensive research and development (R&D) related to manufacturing low-cost ECUs, considerable growth in the electronics sector, an enhanced focus on sustainable development, and inflating disposable income levels. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 105.4 Billion by 2027, exhibiting a CAGR of 5.60% during 2022-2027.

Market Summary:

  • Based on the capacity, the market has been segmented into 16-Bit ECU, 32-Bit ECU, and 64-Bit ECU.
  • On the basis of the vehicle type, the market has been divided into passenger cars and commercial vehicles.
  • Based on the propulsion, the market has been categorized into internal combustion engine, hybrid, and battery electric vehicle.
  • On the basis of the application, the market has been classified into ADAS and safety system, body control and comfort system, infotainment and communication system, powertrain system, and others.
  • On the geographical front, the market has been segregated into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include Aptiv PLC, Continental AG, DENSO Corporation, Hitachi Ltd., Magna International Inc., Magneti Marelli S.p.A., Nidec Corporation, NXP Semiconductors N.V., Panasonic Corporation, Pektron Group Limited, Robert Bosch GmbH, and ZF Friedrichshafen AG.
     

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Global Automotive Electronic Control Unit (ECU) Market to Reach US$ 105.4 Billion by 2027, Propelled by Escalating Demand for Improved In-Vehicle Infotainment and Communications
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