Sales Scenario of Automotive Electronics Control Unit (ECU) Market to Stay Positive Through 2020-2026
Category: #business  By Rahul Varpe  Date: 2021-03-30
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Sales Scenario of Automotive Electronics Control Unit (ECU) Market to Stay Positive Through 2020-2026

In an era where electric vehicles are estimated to mark the future of mobility, the automotive electronics control unit (ECU) market is indeed set to witness prominent growth over the ensuing years. Once a concept confined to fiction novels and futuristic movies, self-driving vehicles are on their way to becoming a reality. In recent years, automakers worldwide are looking to integrate a variety of innovative technologies such as advanced driver assistance systems (ADAS).

However, the related increase in automobile system complexity presents a major challenge to both reliability and security. The product provides vehicles with controlling functionalities that are capable of managing the engine, transmission, and automated processes. This has led to the development of advanced Automotive Electronics Control Unit (ECU) Market that are responsible for overseeing, regulating, and altering the operation vehicle’s electronics systems. Besides, the product’s ability to provide vehicles with controlling functionalities capable of managing transmission and engine operations may further accelerate the sales of Automotive Electronics Control Unit (ECU) Market .

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A study conducted at Global Market Insights Inc. suggests that the global automotive electronics control unit market is anticipated to reach around USD 95 billion by 2024.

Increasing emphasis on sustainability  

Increasing emphasis on the use of electric vehicles due to growing environmental concerns is a key factor anticipated to accelerate the automotive electronics control unit market over 2020-2024. With the burgeoning need for decreasing global fuel usage and carbon emissions, the demand for electric vehicles has surged rapidly in recent years. Government organizations worldwide have been introducing several initiatives to accelerate sustainable mobility solutions.

For instance, the EC (European Commission) recently introduced the ‘green car initiative’ aimed at developing the EV market in numerous European nations. This has led to an increase in the deployment of electric vehicles, which in turn will accelerate automotive electronics control unit market growth over the forecast period.

Expanding the automobile sector across APAC

Asia Pacific is expected to offer lucrative growth opportunities for the companies operating in the Automotive Electronics Control Unit (ECU) Market . This growth can be attributed to numerous factors, such as the expanding automobile sector in the region. Automakers in the region have been equipping electric and hybrid cars with innovative automotive features like infotainment & driver assistance systems, rear-facing cameras, and automated parking displays that require an electronics control unit for their functioning. This has led to an increase in the demand for HEVs across emerging nations such as India and China, which in turn will accelerate automotive ECU market growth

The strong presence of industry participants 

Notably, Calsonic Kansei Corporation, Voxx International Corporation, Panasonic Corporation, Johnson Control, Lear Corporation, Texas Instruments, Altera Corporation, Hitachi Automotive Systems, Hyundai MOBIS, Delphi Technologies, Denso Corporation, and Bosch Group are key companies currently at the forefront of global Automotive Electronics Control Unit (ECU) Market .

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These companies are undertaking several organic and inorganic strategies such as low-pricing strategies and increased production to cater to major OEMs. Moreover, these companies are also developing a competitive cost structure business model by minimizing market complexity and increasing production efficiency.

Table of Contents (ToC) of the report:

Chapter 4    Automotive Electronics Control Unit (ECU) Market, By Capacity

4.1   Key trends by capacity

4.2   16-bit

4.2.1    Market estimates and forecast, by region 2013 - 2024

4.3   32-bit

4.3.1    Market estimates and forecast, by region 2013 - 2024

4.4   64-bit

4.4.1    Market estimates and forecast, by region 2013 - 2024

Chapter 5    Automotive Electronics Control Unit (ECU) Market, By Vehicle Type

5.1   Key trends by vehicle type

5.2   Passenger vehicles

5.2.1    Market estimates and forecast, by region 2013 - 2024

5.3   Utility vehicles

5.3.1    Market estimates and forecast, by region 2013 - 2024

5.4   Commercial vehicles

5.4.1    Market estimates and forecast, by region 2013 - 2024

Chapter 6    Automotive ECU Market, By Mode

6.1   Key trends by mode

6.2   Autonomous vehicles

6.2.1    Market estimates and forecast, by region 2013 - 2024

6.3   Conventional vehicles

6.3.1    Market estimates and forecast, by region 2013 - 2024

6.4   Semi-autonomous vehicles

6.4.1    Market estimates and forecast, by region 2013 - 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/automotive-ECU-market-report

About Author

Rahul Varpe    

Rahul Varpe

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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