The Worldwide Automotive Electronic Control Unit Industry is Expected to Reach $135.2 Billion by 2028 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 12, 2023--
The “Global Automotive Electronic Control Unit Market Size, Share & Industry Trends Analysis Report By Vehicle, By Capacity, By Propulsion (Internal Combustion Engine (ICE), Hybrid, and Battery Powered), By Application, By Regional Outlook and Forecast, 2022 - 2028” report has been added to ResearchAndMarkets.com’s offering.
The Global Automotive Electronic Control Unit Market size is expected to reach $135.2 billion by 2028, rising at a market growth of 5.9% CAGR during the forecast period.
An electronic control unit (ECU) is an embedded system that is a controller of the automobile or other motor vehicle’s electrical systems or subsystems. It is often referred to as an electronic control module as well. The dedicated chip found in each ECU normally runs its own software or firmware and needs connections to power and data to function.
Depending on its purpose, an ECU may receive inputs from various car parts. For instance, when a passenger presses the door lock/unlock button on a car door or on a wireless key fob, the door lock ECU receives input. Crash sensors and sensors that determine when someone is seated in a particular seat is expected to provide inputs to an airbag ECU.
Additionally, a forward-facing radar that detects when the vehicle is approaching an impediment too quickly is expected to provide inputs to an automated emergency braking ECU. According to the inputs then, the ECU is expected to then communicate with the actuators to conduct an action. Using vehicle-to-vehicle (V2V) and vehicle-to-everything (V2X) technologies, more sophisticated ECUs can also connect with the cloud, as well as other vehicles and infrastructures.
Powertrain control module (PCM), transmission control module (TCM), brake control module (BCM or EBCM), central control module (CCM), and suspension control module (SCM) are just a few of the many ECUs found in modern vehicles. Some other ECUs modules are the central timing module (CTM), general electronic module (GEM), and body control module (BCM) which are normally installed in an automobile.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The below illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Acquisitions, and Partnerships & Collaborations.
Market Growth Factors
Increasing Focus On The Safety Of Drivers And Pedestrians
For automotive OEMs and government regulators, reducing driver distraction has always been a primary concern in order to protect the safety of both drivers and pedestrians. A few OEMs have also made it known that they want to eliminate all vehicle-related fatalities.
Due to the capabilities of the electronics-based control systems inside the vehicle, automotive OEMs and Suppliers can achieve what they are aiming at. Advanced Driver Assistance Systems (ADAS) like driver fatigue detection, lane departure warning, forward collision alert, pedestrian identification, and more are supported by automotive ECUs, image processing algorithms, sensors, and cameras.
Advance Technology Implementations Make It Easier To Connect
Since the introduction of mobile phones, it has become necessary for automobile manufacturers to include connectivity and more technology within the vehicle. People are now becoming increasingly accustomed to mobile information consumption, social media, easy navigation, and smart devices.
Consequently, vehicles must gradually evolve into consumer electronics products. By permitting the proliferation of electronics to support in-car mobility and connection, OEMs and Suppliers have been able to adapt to such a change in customer preference.
Market Restraining Factors
Communication Problems With Excessive Use Of Ecus
The complexity of the software utilized in the ECU is raised by the growing number of functions that it has code for. A complex network structure and communication issues with the ECU caused by the growing ECU count result in major technical issues with vehicles.
Multiple ECU usage presents issues that make it difficult to integrate ECU in commercial and passenger vehicles, especially in low-cost vehicles. Moreover, putting numerous ECUs on a single powertrain presents plausible delays in the functioning of ECU. This may put the safety of the vehicle at risk.
Scope of the Study
Market Segments Covered in the Report:
- Passenger Cars
- Commercial Vehicle
- Internal Combustion Engine (ICE)
- Battery Powered
- ADAS & Safety System
- Body Electronics
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Robert Bosch GmbH
- Panasonic Corporation
- Continental AG
- Hitachi, Ltd. (Hitachi Astemo, Ltd.)
- Denso Corporation
- HELLA GmbH & Co. KGaA
- BorgWarner, Inc.
- ZF Friedrichshafen AG
- Autoliv Inc.
For more information about this report visit https://www.researchandmarkets.com/r/yz6a8f
View source version on businesswire.com:https://www.businesswire.com/news/home/20230112005731/en/
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SOURCE: Research and Markets
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PUB: 01/12/2023 12:40 PM/DISC: 01/12/2023 12:42 PM