Portland, OR, April 19, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global automotive ECU market generated $87.6 billion in 2020, and is projected to reach $142.1 billion by 2030, witnessing a CAGR of 5.1% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
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Automotive ECU Market Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2021–2030 |
| Base Year | 2020 |
| Market Size in 2020 | $87.6 billion |
| Market Size in 2030 | $142.1 |
| CAGR | 5.1% |
| Segments covered | Technology, application, mode, capacity, and region. |
| Drivers | rise in demand for advanced features in vehicles |
| stringent safety regulations set by the government | |
| development related to manufacturing low-cost ECUs | |
| Opportunities | demand for electric & hybrid vehicles |
| need for advanced driver assistance features | |
| Restrains | increase in complexity in ECUs |
COVID-19 scenario on Automotive ECU Market:
- The outbreak of the COVID-19 pandemic led to global lockdown and temporary closure of large scale assembly plants. This in turn, resulted to decline in global demand for automobiles, thereby impacting the growth of the global automotive electronic control unit market negatively.
- However, the bioenergy market is expected to recover soon in 2022.
The report offers detailed segmentation of the global automotive ECU market based on technology, application, mode, capacity, and region.
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Based on technology, the powertrain segment held the highest market share in 2020, holding more than one-fourth of the total market share, and is expected to continue its leadership status during the forecast period. However, the ADAS segment is estimated to register the highest CAGR of 6.4% from 2021 to 2030.
Based on mode, the conventional segment held the largest market share in 2020, holding more than half of the total market share, and is expected to continue its leadership status during the forecast period. However, the autonomous segment is projected to register the highest CAGR of 5.9% from 2021 to 2030.
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Based on region, North America contributed to the highest share in terms of revenue in 2020, holding nearly two-fifths of the total market share, and is estimated to continue its dominant share by 2030. Moreover, Asia-Pacific is projected to manifest the fastest CAGR of 6.3% during the forecast period.
Leading players of the global automotive electronic control unit market analyzed in the research include DENSO Corporation, Continental AG, Aptiv, HYUNDAI MOBIS, Lear, Panasonic Corporation, Hitachi Astemo, Ltd., Marelli Holdings Co., Ltd., Robert Bosch GmbH, and Pektron.
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