PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1401791
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1401791
Automotive Electronic Control Unit Market size was valued at USD 99,100 Million in 2022, expanding at a CAGR of 6.1% from 2023 to 2030.
An electrical unit, or ECU, is mounted in your car and is linked to a few sensors, actuators, and communication channels. In essence, the engine ECU regulates when the spark is ignited to ignite the fuel and when it is injected into gasoline engines.
Automotive Electronic Control Unit Market- Market Dynamics
Increasing adoption of ADAS system and technological advancement in energy efficiency to propel market demand
The automotive electronic control unit (ECU) market is growing mainly due to rising demand for feature-rich automobiles and OEMs' increasing focus on providing advanced software features. The market for automotive electronic control units has been expanding due to the increasing use of automotive driver-assisted system technology (ADAS), such as parking guidance, adaptive cruise control (ACC), and automatic emergency braking (AEB). For example, the car manufacturer Continental AG stated in February 2023 that it was collaborating with Indian OEMs, such as Maruti Suzuki India Limited and Tata Motors, to progress several features connected to advanced driving assistance system expertise.
Automotive Electronic Control Unit Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 6.1% over the forecast period (2023-2030)
Based on Propulsion Type segmentation, internal combustion engine was predicted to show maximum market share in the year 2022, owing to high demand from commercial vehicles.
Based on Application segmentation, powertrain segment was the leading type in 2022, mainly due to high benefits offered by powertrain ECUs.
Based on Vehicle Type segmentation, passenger cars was the leading type in 2022, mainly due to growing demand from SUVs and small cars.
On the basis of region, Asia Pacific was the leading revenue generator in 2022, owing to growing demand from countries like China and India.
The Global Automotive Electronic Control Unit Market is segmented on the basis of Propulsion Type, Application, Vehicle Type, and Region.
The market is divided into three categories based on Propulsion Type: battery powered, Internal combustion engine, and hybrid. The Internal combustion engine dominates the market. The increased adoption in commercial vehicles is expected to boost the market growth.
The market is divided into five categories based on Application: ADAS & safety system, body electronics, powertrain, infotainment, others. The powertrain dominates the market and is likely to maintain its dominance during the forecast period. This is partly due to the growing adoption of integrated ECUs in vehicles.
The market is divided into two categories based on Vehicle Type: passenger cars and commercial vehicle. The passenger cars dominate the market and is likely to maintain its dominance during the forecast period. This is due to high demand for passenger cars, SUVs in the recent few years.
Automotive Electronic Control Unit Market- Geographical Insights
Geographically, this market is widespread into 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.
There are many major participants in the highly concentrated automotive ECU market. These companies have used a variety of tactics to grow their customer base internationally. To introduce new products and extend their current product lines, they are also investing a large amount of money in R&D and employing a multitude of cutting-edge technology. Moreover, these companies employ a range of growth strategies, such as mergers, acquisitions, partnerships, and collaborations, to boost sales and strengthen their market positions.
In January 2023, ZF Friedrichshafen AG has partnered with Beep, Inc., a mobility services provider, to introduce a next-generation autonomous Level 4 shuttle.
In January 2023, NVIDIA Corporation have made partnership with Foxconn, a manufacturing company, to create platforms for autonomous vehicles at the CES in 2023.
In December 2022, Stellantis NV collaborated with Qinomic to develop an e-drivetrain retrofit solution for converting light commercial vehicles with ICEs to electric drivetrains.
The scope of this report covers the market by its major segments, which include as follows: