Automotive ECU Market Shipments Will See 6% Gains to Hit 9.5bn Units by 2024

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Global Market Insights, Inc. says, The Europe automotive electronics control unit (ECU) market is expected to grow at a CAGR of over 5% from 2018 to 2024.

Automotive Electronics Control Unit (ECU) Market
Companies operating in the global automotive ECU market include Bosch, DENSO, Delphi, Hyundai MOBIS, Hitachi, Altera, Texas Instruments, Lear Corporation, Panasonic, Voxx International Corporation, and Calsonic Kansei Corporation.

Automotive ECU market for battery electric vehicles (BEVs) population type segment accounted for over 30% share in terms of unit shipment in 2017 and is expected to grow due to the high demand for energy efficient vehicles across various regions. Several countries are focusing on improving their carbon emission rates and are developing various initiatives & programs to promote the adoption of these solutions. Major automobile manufacturing players are supporting the government initiatives to reduce the pollution rate and contribute to the sustainable goals achievement.

The 32 -bit controller segment in the automotive ECU market is expected to witness growth from 2018 to 2024. The controller components are mainly deployed in vehicles parts owing to the associated benefits that include lower power requirements and design simplifications. The conventional control units integrating 8-bit and 16-bit controllers have complex designs as compared to the advanced 32-bit options. Several automotive functions are supported by innovative controllers such as power tool processing, in-vehicle transmission, and modified engine management.

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Passenger vehicles are expected to grow at around 6% CAGR in the automotive ECU market. These vehicles include luxury cars that deploy the highest number of ECUs owing to their requirements for enhanced performance. Modern passenger cars deploy several automated features such as airbag security and energy-efficient engines. ECUs in the utility and commercial vehicles provide several IoT-based functions, controlling and managing the overall engine capacity functions.

Commercial vehicles are witnessing a rise in the implementation of control units, which is further driving the automotive electronics control unit (ECU) market growth. Major control unit functions in commercial vehicles, such as trucks and agricultural vehicles, include transition lighting, higher current, and sensing accuracy for smaller loads.

The North America automotive ECU market has experienced a high demand due to innovations in the autonomous vehicle technology. Increasing automated and self-driving vehicle testing projects in the U.S. are driving the industry growth. Additionally, favorable government permits for carrying out the test procedures are accelerating the development of automated technologies.

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The Europe automotive ECU market is expected to grow at a CAGR of over 5% from 2018 to 2024. The growth can be credited to the presence of large number of prominent automobile manufacturers in Germany, France, and Italy. In addition, the increasing government legislation and supportive policies are further expected to propel the automotive electronics control unit (ECU) market share.

The Asia Pacific automotive ECU market is expected to grow rapidly due to factors such as developments in the automotive industry and increasing requirements of the population for automobiles in countries including China and India. The economies are witnessing a significant growth in the sales of HEVs, further accelerating the ECU demand.

Companies operating in the global automotive ECU market include Bosch Group, Denso Corporation, Delphi Technologies, Hyundai MOBIS, Hitachi Automotive Systems, Altera Corporation, Texas Instruments, Lear Corporation, Johnson Control, Panasonic Corporation, Voxx International Corporation, and Calsonic Kansei Corporation. The participants are increasingly adopting low-pricing strategies to cater to the major OEMs and create entry barriers for new players in the market. These companies are developing a competitive cost structure by increasing the product efficiency and minimizing the market complexity.

Browse key industry insights spread across 430 pages with 695 market data tables & 34 figures & charts from the report, “Automotive Electronics Control Unit (ECU) Market Size By Capacity (16-bit, 32-bit, 64-bit), By Vehicle Type (Passenger Cars, Utility Vehicles, Commercial Vehicles), By Mode (Autonomous Vehicles, Conventional Vehicles, Semi-autonomous Vehicles), By Propulsion Type (BEVs, Hybrid Vehicles, ICE Vehicles), By Application (ADAS & Safety, Body Control & Comfort, Infotainment & Communication, Powertrain), Industry Analysis Report, Regional Outlook (U.S, Canada, Germany, UK, France, Italy, Spain, Benelux, Poland, Sweden, Russia, China, India, Japan, South Korea, Taiwan, Thailand, Indonesia, Malaysia, Australia, Brazil, Mexico, Colombia, Argentina, South Africa), Growth Potential, Competitive Market Share & Forecast, 2018 - 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/automotive-ECU-market-report

Table of Contents (ToC) of the report:

Chapter 7    Automotive ECU Industry, By Propulsion Type
7.1 Key trends by propulsion type
7.2 BEVS
7.2.1    Market estimates and forecast, by region 2013 - 2024
7.3 Hybrid vehicles
7.3.1    Market estimates and forecast, by region 2013 - 2024
7.4 ICE vehicles
7.4.1    Market estimates and forecast, by region 2013 - 2024
Chapter 8    Automotive ECU Industry, By Application
8.1 Key trends by application
8.2 ADAS & Safety
8.2.1    Market estimates and forecast, by region 2013 - 2024
8.3 Body control & comfort
8.3.1    Market estimates and forecast, by region 2013 - 2024
8.4 Infotainment & communication
8.4.1    Market estimates and forecast, by region 2013 - 2024
8.5 Powertrain
8.5.1    Market estimates and forecast, by region 2013 - 2024
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/automotive-ECU-market-report

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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