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Automotive Electronics Control Unit Market

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As per latest market research studies, the global Automotive Electronics Control Unit Market is projected to reach USD 53.91 billion by 2024 growing at a CAGR of 6.7% from 2016 to 2024.
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Automotive Electronics Control Unit Market Share, Size, Analysis,
Growth, Trends and Forecasts to 2024 | Hexa Research
“As per latest market research studies, the global
Automotive Electronics Control Unit Market is
projected to reach USD 53.91 billion by 2024
growing at a CAGR of 6.7% from 2016 to 2024.”
The global Automotive Electronics Control Unit Market is estimated to report USD 53.91 billion by 2024 from
USD 35.1 billion in 2016 expanding at a CAGR of 6.7% from 2016 to 2024. Factors that fuel this industry are
widespread deployment of ECUs in electric vehicles and the popularity of infotainment systems. Surging
demand for electric vehicles is fuelled by ecological concerns and high focus on energy efficiency of vehicles.
Shift of focus towards green technologies propels the demand for driver-assist systems. This reduces the
excessive dependency on fossil fuels and also controls CO2 emissions. The growing po pularity of electric
vehicles is another key factor that will fuel this industry in the forthcoming years.
The preference for sophisticated systems in mid-sized vehicles, such as navigation and high-end communication
systems will create opportunities for expansion of this industry. Increasing R&D expenditure aimed at the
production of cost-efficient components for various ECUs will fuel market demand. However, owing to
complexities in the consolidation of automotive domains, this market is likely to face c ertain bottlenecks.
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The global automotive ECU market is categorized on the basis of applications and geography. Based on
applications, the divisions are powertrain, chassis electronics, safety & security, entertainment, and
communication & navigation. The communication and navigation segment will expand significantly owing to
surging demand for sophisticated in-car features, eco-efficiency, and in-car data storage.
Powertrain will witness strong growth because of changing environmental trends. Expanding at a CAGR of 5.6%
during the forecast period 2016-2024, chassis electronics is expected to reach USD 11.62 billion by 2024 from
USD 8.03 billion in 2016. Safety system encompasses tire pressure monitoring systems, pre -crash safety
systems, anti-theft systems, keyless entry systems, and airbags. It protects consumers and vehicles from risky
situations and thefts, respectively.
Ongoing industry trends depict that the communication and navigation segment will expand robustly during the
forecast period.
Geographically, the automotive ECU market is categorized into North America, Europe, Asia Pacific, and Rest of
the World. Europe is anticipated to be the fastest growing market because of the leading position that it holds
in the luxury cars market. Other factors driving the Europe market are demand for navigation systems and
popularity of telematics. Exponential growth of the logistics industry further fuels the growth. The North
America market will be affected by the sluggish adoption of newer technologies. Owing to the growing
popularity of safety systems coupled with the China V standard meant for light -duty vehicles, Asia Pacific will
record significant growth.
The prominent companies operating in the global automotive ECU industry are Bosch, Delphi, Continental AG,
Denso, and Hitachi Automotive. This industry is characterized by frequent mergers and acquisitions aimed at
increasing market share. Companies opt for business ventures mainly for increasing their regional presen ce and
also for broadening their product portfolio.
With an aim towards acquiring a loyal customer base and significant market share, Continental AG focuses on
innovation, market intelligence, and superior product quality. Followed closely by Denso and Bo sch, this market
is led by Continental AG.
ConnectedDrive, designed by BMW provides a variety of apps for downloads. This in turn reduces the need for
developing hardware and new systems, thereby enhancing the scope of the current infotainment system. It is
anticipated that embedded cellular link will create more services for upgrading and connecting the ECU
software programs in automobiles.
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Table of Content of Automotive Electronics Control Unit Market
1. Methodology & Scope
1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources
2. Executive Summary
2.1 Industry Summary of Automotive Electronics Control Unit Market
3. Industry Outlook
3.1 Automotive ECU Market Segmentation
3.2 Automotive ECU Market Size and Growth Prospects
3.3 Automotive ECU Market Dynamics
3.4 Key Opportunities Prioritized
3.5 Industry Analysis - Porter's
3.6 Market Share Analysis
3.7 Market PESTEL Analysis, 2016
4. Application Framework
4.1 Automotive ECU Market share by application, 2016 & 2024
5. Regional Outlook
5.1 North America
5.2 Europe
5.3 Asia Pacific
5.4 Latin America
5.5 MEA (Middle East and Africa)
5.6 RoW (Rest of the World)
6. Competitive Landscape
6.1 Bosch
6.1.1 Company Overview
6.1.2 Revenue Analysis
6.1.3 Product Benchmarking
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6.1.4 Strategic Initiatives
6.2 Delphi
6.2.1 Company Overview
6.2.2 Revenue Analysis
6.2.3 Product Benchmarking
6.2.4 Strategic Initiatives
6.3 Continental AG
6.3.1 Company Overview
6.3.2 Revenue Analysis
6.3.3 Product Benchmarking
6.3.4 Strategic Initiatives
6.4 Denso
6.4.1 Company Overview
6.4.2 Revenue Analysis
6.4.3 Product Benchmarking
6.4.4 Strategic Initiatives
6.5 Hitachi Automotive
6.5.1 Company Overview
6.5.2 Revenue Analysis
6.5.3 Product Benchmarking
6.5.4 Strategic Initiatives
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About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom research
and consulting services to a host of key industries across the globe. We offer comprehensive business
intelligence in the form of industry reports which help our clients obtain clarity about their business
environment and enable them to undertake strategic growth initiatives.
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Hexa Research
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Felton, California 95018
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