PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1397127
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1397127
Automotive Electronic Control Unit Market size was valued at USD 96,563 Million in 2022, expanding at a CAGR of 5.5% from 2023 to 2030.
Vehicles embedded electronic control units (ECUs) manage electronic systems and subsystems. Additionally, it helps gather data from its sensors or other ECUs and uses actuators to control how cars operate. The engine control module (ECM), parking assistance module, gearbox control module (TCM), skid control module, powertrain control module (PCM), and seat belt control module are a few of the often-incorporated automotive ECUs.
It is anticipated that the market for electric and hybrid cars will present car manufacturers with an enormous opportunity for expansion. Major luxury automobile manufacturers are introducing electric versions of their vehicles as a result of rising gasoline prices and environmental concerns. Furthermore, governments are providing alluring policies and incentives to promote the sale of electric vehicles (EVs), which is anticipated to accelerate the expansion of the market for electronic control units (ECUs). It is anticipated that this shift in the automobile sector will affect the industry's supply chain, aftermarkets, automakers, and producers of electronic components. Furthermore, it is expected that the onboard diagnostic systems, which continuously check the condition of all the vehicle's mechanical and electrical components, would completely replace the conventional diagnostic systems. Therefore, it is expected that the market for automotive electronic control units (ECUs) will see significant growth due to the growing demand for and sales of hybrid and electric vehicles.
The Global Automotive Electronic Control Unit Market is segmented based on Capacity, Vehicle Type, Application, Propulsion and Region.
Based on the capacity, the global Automotive Electronic Control Unit market is divided into 16-Bit, 32-Bit and 64-Bit. The 32-Bit segment is expected to dominate the market during the forecast period. These components are in greater demand because of their advantageous features, which include low energy consumption and less complicated designs. Moreover, the improved functionality offered by these 32-bit components has expanded their use in transmission control units, automobile power drills, and engine management systems.
Based on the vehicle type, the market is segmented into Commercial Vehicle and Passenger Cars. The Passenger Cars segment is expected to hold the largest market share during the forecast period. The segment's rise may be ascribed to the supplementary services offered by in-vehicle management systems, which include enhanced driver remote capabilities and vehicle software upgrades. It is worth noting that passenger cars, even premium models, have a higher number of ECUs than other vehicle types.
Based on the application, the industry is bifurcated into Body Electronics, ADAS & Safety System, Powertrain, Infotainment and Others. The Powertrain segment is expected to grow at the highest CAGR during the forecast period. The market's rise is ascribed to the need for powertrain electronic control units, which enhance engine performance by regulating the vehicle's spark timing, fuel injection, valve timings, and warning lights. Moreover, the powertrain electric control components have several advantages, including being compact, light, and easy to install; thus, these characteristics encourage their use in automobiles and support their high sector share.
Based on the propulsion, the global market is categorized into Hybrid, Battery Powered and Internal Combustion Engine. The Internal Combustion Engine segment is expected to lead the market during the forecast period. This is because vehicle production is expanding in developing nations like China and India.
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. The Asia Pacific is expected to dominate the market during the projected period. This is owing to the rise in the demand for passenger vehicle in-car entertainment and communication apps, more disposable income, and increasing auto manufacturing in this area. Since China is the world's largest market for electric cars and the majority of manufacturers developing cutting-edge electric vehicle technology are from Japan, electrification in the Asia-Pacific area has seen a high penetration rate. The rise in demand for ECU in the area, which presently has the largest market share in terms of both income and volume, can be related to the surge in electric car sales. Thus, this is expected to drive the market growth in the region.
There are several major participants in the highly concentrated automobile electronic control unit industry. These companies have used a variety of strategies to grow their customer base internationally. In addition, they're investing heavily in research and development as well as a variety of cutting-edge technology to introduce new products and extend their current product lines.
In January 2023, ZF Friedrichshafen AG declared the launch of Smart Camera 6, an advanced camera designed for automated driving and security systems. The primary goal of Smart Camera 6 is to meet the needs of Interior Monitoring Systems (IMS) and 3D surround view by utilizing image processing module systems.