The automotive ECU market for Battery Electric Vehicles (BEVs) segment is estimated to grow at the highest rate during the forecast period. BEVs have many electric components and ECUs in the drivetrain, interior, and body. BEV manufacturers are also adopting advanced technologies to attract more customers.
Download Brochure of Automotive ECU Market spread across 161 Pages, Profiling 10 Companies and Supported with 91 Tables and 55 Figures is now available at www.rnrmarketresearch.com/contacts…ple?rname=1433853 .
The global automotive Electronic Control Unit (ECU) market is estimated to be USD 60.45 billion in 2017 and is projected to reach USD 96.39 billion by 2025, growing at a CAGR of 6.01% from 2017 to 2025.The market growth is primarily driven by the increasing demand for safety and comfort features in a vehicle. Increasing trend of ECU consolidation is considered a restraint for the global automotive ECU market.
Key Target Audience
- Automotive ECU manufacturers
- Automotive cockpit electronics manufacturers
- Automotive powertrain manufacturers
- Automotive safety and comfort system manufacturers
- Industry associations
- Raw material suppliers for automotive ECU manufacturers
- The Automobile Industry as an end-user,
- Traders, distributors, and suppliers of automotive ECUs
The automotive ECU market for battery electric vehicles (BEVs) is estimated to grow at the highest rate during the forecast period.
Most of the automotive OEMs are incorporating advanced electronic systems such as HUDs, reconfigurable instrument cluster, rear seat entertainment, drive mode selector, advanced telematics, and electric power train in their electric vehicles.
Click Here for More Information on Automotive ECU Market with Forecast and Company Profiles at www.rnrmarketresearch.com/contacts…ing?rname=1433853 .
The automotive ECU market growth in this segment can be attributed to increasing number of government mandates for ADAS features & inclusion of basic safety systems such as ABS, airbags, and TPMS. 64-bit ECU is estimated to be fastest growing segment of automotive ECU market.
Rising demand for advanced electronics like windshield HUDs, camera modules, drive mode selector, RADAR, LiDAR, and advanced telematics that require fast & real-time processing expected to drive 64-bit ECU market.
Automotive ECU Market, By Level of Autonomous Driving
- Autonomous Vehicles
- Conventional Vehicles
- Semi-Autonomous Vehicles
Automotive ECU Market, By Vehicle Type
- Light-Duty Vehicles
- Heavy Commercial Vehicles
- Construction & Mining Equipment
- Agricultural Tractors
Automotive ECU Market, By Region
- Asia Pacific (China, India, Japan, South Korea, and Rest of Asia Pacific)
- Europe (Germany, France, Italy, UK, and Rest of Europe)
- North America (US, Mexico, and Canada)
- Rest of the World (Brazil, Russia, and South Africa)
Asia Pacific is estimated to dominate the ECU market for automotive, by volume as well as value. The growth of this market can be attributed to the increase in production and demand for passenger cars and electric vehicles.
The increasing demand for advanced electronics in vehicles, growing purchasing power of the consumers, and rising consumer awareness for safety features in the developing countries are the key factors driving the automotive ECU market in the Asia Pacific region.
Connect for More Details for More Information “Automotive ECU Market by Application, ECU Capacity (16-bit, 32-bit, 64 bit), Propulsion (BEVs, HEVs, ICE), Level of Autonomous Driving, Vehicle Type (LDV, HCV, Construction & Mining Equipment, Agricultural Tractors), and Region - Global Forecast to 2025” report @ www.rnrmarketresearch.com/contacts…unt?rname=1433853 .
A key factor restraining the growth of the automotive ECU market is the increasing consumer preference for BYOD (Bring Your Own Device) and the approach of ECU consolidation. Unlike conventional cockpit electronics system, the BYOD technology eliminates the need for embedded display and infotainment systems in the vehicle.
The break-up of the primaries is as follows:
- By Company Type: Tier I–57%, Tier II–29% and OEMs–14%
- By Designation: C Level–36%, D Level–43% and Other –21%
- By Region: Asia Pacific–29%, Europe–36%, North America–19%, RoW–16%
It also indirectly reduces the use of ECUs, which are required to run these technologies. In addition, OEMs are adopting BYOD technology as it is easy to use and helps to cut down the overall cost of the vehicle.
Category: Market Research Publishers and RetailersCompany about: RnRMarketResearch.com is an online database of market research reports offers in-depth analysis of over 5000 market segments. The library has syndicated reports by leading market research publishers across the globe and also offer customized market research reports for multiple industries.