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IN THE NEWSNovember 15, 2021: Autoliv, Inc. to join hands with SSAB, for a collaborative research initiative, aiming to develop fossil-free steel components for automotive safety products.
October 22, 2020: BorgWarner Inc. announced the complete acquisition of Delphi Technologies, to strengthen its electronics and power electronics products.
Global Automotive Electronic Control Unit (ECU) Market Highlights over 2022 – 2031
The global automotive electronic control unit (ECU) market is estimated to grow at a CAGR of ~30% over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed to the growing advancement of vehicular technology, along with the rising demand for customized management units in vehicles. ECU is an automotive component management system that can overlook various elements of the vehicle, including engine speed, coolant temperature, and exhaust. Moreover, the increasing incorporation of advanced safety systems in new vehicles, backed by constant innovation in the industry, is anticipated to boost the market growth. Apart from this, the growing sales and manufacturing of vehicles across the globe, is estimated to boost the market growth. According to the data by the International Energy Agency (IEA), in 2019, the total car sales reached 25 million cars in China, 17 million in United States, 4 million in India, 17 million in European Union, 4 million in Japan, and 21 million in the rest of the world. Moreover, the up-surge in the disposable income is further estimated to boost the market growth.
The market is segmented by application into ADAS & safety system, body control & comfort system, infotainment & communication system, powertrain system, and others, out of which, the ADAS & safety system segment is anticipated to hold a substantial share in the global automotive electronic control unit (ECU) market over the forecast period on account of increasing government mandates for deploying ADAS and automotive safety systems in upcoming vehicle, backed by the growing concerns for safety.
Major Macro-Economic Indicators Impacting the Market Growth
The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market. CLICK TO DOWNLOAD SAMPLE REPORT
Global Automotive Electronic Control Unit (ECU) Market Regional Synopsis
On the basis of geographical analysis, the global automotive electronic control unit (ECU) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of increasing sales of vehicles in countries, such as, India, Japan, and China, along with presence of major car manufacturers in the region. In fact, China is the largest consumer of automobiles, with more than 25 million cars sold in 2019, as stated by the International Energy Agency (IEA).
The market in the Europe region is anticipated to gain the substantial market share throughout the forecast period owing to the increasing availability of advanced technology, combined with the presence of major market players in the region. On the other hand, the market in the North America region is also anticipated to hold a notable market share by the end of 2022, owing to the high demand for luxury, and self-driving cars, accompanied by growing sales of electric cars in the region.
The global automotive electronic control unit (ECU) market is further classified on the basis of region as follows:
North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Market Segmentation
Our in-depth analysis of the global automotive electronic control unit (ECU) market includes the following segments:
By ECU Capacity
By Vehicle Type
By Application
Growth Drivers
Challenges
Top Featured Companies Dominating the Market
FREQUENTLY ASKED QUESTIONS
Increasing demand for customizable control units in vehicles is estimated to boost the market growth.
The market is anticipated to attain a CAGR of ~30% over the forecast period, i.e., 2022 – 2031.
The major players in the market are SAP SE, Mitsubishi Electric Corp., Autoliv Inc., Robert Bosch GmbH, BorgWarner Inc., DENSO Corporation, Accenture PLC, Tomtom International B.V., and Panasonic Corporation.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by ECU capacity, vehicle type, application, and by region.
The heavy commercial vehicles segment is anticipated to hold largest market size over the forecast period and display significant growth opportunities.
High maintenance cost of automotive ECU is estimated to hamper the market growth.
The North America region is anticipated to provide more business opportunities over the forecast period owing to the increasing sales of personal and commercial vehicles in the region.
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