Body Control Module Market Analysis

Vehicle Type Segment Analysis

The global body control module market is segmented and analyzed for demand and supply by vehicle type into passenger car, commercial vehicle, and electric vehicle. Out of the three types of vehicles, the passenger vehicles segment is estimated to gain the largest market share of about 35% in the year 2035. The growth of the segment can be accredited to the fact that the sales of passenger cars have increased worldwide, and the demand for passenger cars is increasing. For instance, it was noted that global passenger car sales in the year 2020 reached about 63 million units. Profitable financing solutions offered by various financial institutions are aimed at individuals to purchase/lease a vehicle on their own with great convenience. Therefore, even customers with limited income sources are interested in purchasing a car for their daily commute. All these factors lead to profitable opportunities for segmental growth. On the other hand, a significant share is also attributed to the commercial vehicle segment by the end of the forecast period. Commercial vehicles cost more than passenger cars, so people use vehicle finance to buy commercial vehicles. Vehicle modification or vehicle upgrade benefits in leasing commercial vehicles through vehicle financing should also boost the growth of the segment.

Type Segment Analysis

The global body control module market is also segmented and analyzed for demand and supply by type into CAN, and LIN. Amongst these two segments, the CAN segment is expected to garner a significant share of around 30% in the year 2035. The growth of the segment can be accredited to the growing demand for electric and hybrid vehicles, and advancements in sensor technologies. The demand for electric and hybrid vehicles has been growing rapidly in recent years, driven by factors such as government incentives, environmental concerns, and advancements in battery technology. These vehicles require sophisticated electronics and communication systems, including the CAN bus, to ensure efficient and reliable performance. Sensor technologies are advancing rapidly, with sensors becoming more compact, efficient, and affordable. These advancements are enabling the development of new applications and use cases for the CAN bus, such as predictive maintenance, vehicle tracking, and remote diagnostics. For instance, CAN bus-based sensors can monitor various parameters such as tire pressure, engine performance, and driver behavior, and transmit the data to a central ECU for analysis and action. The trend of vehicle automation is gaining momentum, with automotive manufacturers investing heavily in developing advanced driver assistance systems (ADAS) and autonomous driving technologies. These systems rely heavily on the CAN bus to enable communication between various ECUs and sensors, ensuring coordinated and safe operation of the vehicle.

Our in-depth analysis of the global market includes the following segments: