Selbyville, Delaware, May 17, 2021 (GLOBE NEWSWIRE) -- According to credible industry experts, global automotive electronic control unit (ECU) market was worth USD 41.3 billion in 2019 and to reach USD 68.9 billion to register at a 6.6% CAGR during 2020-2027, subsequently accounting for USD 68.9 billion by the end of the study period.
The outbreak of the Covid-19 virus has curtailed the global economy, thwarting industry expansion as well as profit generation by disrupting the overall supply chain. Thus, the detailed investigation of this research report aims to respond to all possible contingencies while parallelly suggesting effective business strategies for stakeholders to stay strong in the domain.
Ongoing technological advancements in the business domain coupled with mounting volumes of production and sales of commercial vehicles as well as passenger cars are augmenting the global automotive electronic control unit market size.
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For the record, electronic control units, also known as electronic control modules (ECM), are a type of embedded system integrated in automotive electronics. These systems are responsible for regulating multiple electrical systems in vehicles and manage a wide range of functionalities such as engine and power steering control, keyless entry, power windows, and HVAC (heating, ventilation, and air conditioning) among others.
An automotive electronic control unit is also capable of controlling passive as well as fundamentally active safety features such as airbags and automatic emergency braking, which in turn is impelling the product adoption. Moreover, rapid development in the automotive electronics vertical along with implementation of stringent government regulations regarding occupant safety are stimulating global automotive electronic control unit industry outlook.
On the contrary, intricate design complexities and high costs associated with repair work of ECUs could restrain the industry expansion during the analysis timeframe.
Outlining market segmentations
Speaking of technology landscape, global automotive electronic control unit market is categorized into power steering system, engine management system, climate control system, transmission control system, antilock braking system, and others.
Based on application spectrum, the industry vertical is fragmented into commercial vehicles, passenger cars, and utility vehicles among others.
Regional outlook
From a geographical frame of reference, the industry is split into Latin America, Europe, North America, Asia-Pacific, and rest of the world.
Among these, Asia-Pacific accounts for a significant portion of the global automotive electronic control unit market share and is anticipated to grow at the highest CAGR over 2020-2027. Factors such as favorable government initiatives, high concentration of vendors and manufacturers, mounting volumes of production of luxury cars as well as passenger vehicles, and implementation of stringent passenger safety regulations in India and China are emerging as remunerative factors for the regional market growth.
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Global Automotive Electronic Control Unit (ECU) Market by Technology Type (Revenue, USD Billion, 2017-2027)
- Transmission Control System
- Climate Control System
- Antilock Braking System
- Power Steering System
- Engine Management System
- Others
Global Automotive Electronic Control Unit (ECU) Market Application Spectrum (Revenue, USD Billion, 2017-2027)
- Passenger Cars
- Utility Vehicles
- Commercial Vehicles
Global Automotive Electronic Control Unit (ECU) Market Regional Outlook (Revenue, USD Billion, 2017-2027)
North America
- U.S.
- Canada
Europe
- United Kingdom
- Spain
- Germany
- France
- Italy
- Rest of Europe
Asia Pacific
- China
- Australia
- India
- Japan
- South Korea
- Rest of APAC
Latin America
- Brazil
- Mexico
Rest of the World
Global Automotive Electronic Control Unit (ECU) Market Competitive Landscape (Revenue, USD Billion, 2017-2027)
- Pektron Group Limited
- Denso Corporation
- Continental AG
- Robert Bosch GmbH
- Hyundai Mobis Co. Ltd.
- Delphi Automotive PLC
- Panasonic Corporation
- Hitachi Automotive Systems Ltd.
- Lear Corporation
- Magneti Marelli S.p.A.
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Automotive Electronic Control Unit (ECU) Market, by Region, 2018-2027 (USD Billion)
1.2.2. Automotive Electronic Control Unit (ECU) Market, by Technology, 2018-2027 (USD Billion)
1.2.3. Automotive Electronic Control Unit (ECU) Market, by Application, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Automotive Electronic Control Unit (ECU) Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Automotive Electronic Control Unit (ECU) Market Dynamics
3.1. Automotive Electronic Control Unit (ECU) Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Automotive Electronic Control Unit (ECU) Market Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Automotive Electronic Control Unit (ECU) Market, by Technology
5.1. Market Snapshot
5.2. Global Automotive Electronic Control Unit (ECU) Market by Technology, Performance - Potential Analysis
5.3. Global Automotive Electronic Control Unit (ECU) Market Estimates & Forecasts by Technology 2017-2027 (USD Billion)
5.4. Automotive Electronic Control Unit (ECU) Market, Sub Segment Analysis
5.4.1. Transmission Control System
5.4.2. Engine Management System
5.4.3. Antilock Braking System
5.4.4. Climate Control System
5.4.5. Power Steering System
5.4.6. Others
Chapter 6. Global Automotive Electronic Control Unit (ECU) Market, by Application
6.1. Market Snapshot
6.2. Global Automotive Electronic Control Unit (ECU) Market by Application, Performance - Potential Analysis
6.3. Global Automotive Electronic Control Unit (ECU) Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
6.4. Automotive Electronic Control Unit (ECU) Market, Sub Segment Analysis
6.4.1. Utility Vehicles
6.4.2. Passenger Cars
6.4.3. Commercial Vehicles
Chapter 7. Global Automotive Electronic Control Unit (ECU) Market, Regional Analysis
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Automotive Electronics Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 – 2030
Automotive Electronics Market is expected to exceed USD 645 billion by 2030, as per new research report. The growing implementation of advanced safety systems in vehicles is anticipated to drive the market in the coming years. Automotive infotainment systems are gaining high popularity in the global automobile industry due to the provision of value-added features, such as large display screens, to accomplish numerous vehicle features. Advanced infotainment systems, such as digital radio, voice recognition, rear-seat entertainment, and high-end radios, provide better comfort and luxury to passengers. Several OEMs are focusing on collaborating with these automotive component manufacturers to deliver advanced systems, such as parking assistance, head-up displays, powertrain, etc., in newly developed vehicles to enhance the driving experience. For instance, in September 2017, Bosch announced its partnership with Nikola Motor Company for the development of commercial vehicles powertrain products.
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