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Automotive Electronics Control Management Market

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Automotive Electronics Control Management Market Likely to Surpass US$ 80 Bn by 2026
Transparency Market Research has published a new report titled, “Global Automotive
Electronics Control Management Market [Application Type: Engine Control Module,
Transmission Control Module, Brake Control Module, Suspension Control Module, Body
Control Module, ADAS Module; Vehicle Passenger Vehicle, Commercial Vehicle and Electric
Vehicle] – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–
2026.” According to the report, the global automotive electronics control management
market is projected to surpass US$ 80 Bn by 2026, expanding at a CAGR of above 6% during the
forecast period.
According to the report, the global automotive electronics control management market is likely
to be driven by a range of macroeconomic and industry-specific factors. Asia Pacific is expected
to be at the forefront of global demand, with the market in the region expanding at a CAGR of
more than 7% between 2018 and 2026.
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Automotive electronics have been gaining popularity in the automotive industry. The complete
shift from mechanical systems to electrical systems in the automotive industry, such as power
steering, adaptive cruise control, and in-car connectivity are likely to increase the demand for
electronic control unit in modern cars. Premium vehicle manufacturers are introducing latest
technologies, which consist of sensors and complex wiring system. Demand for electronic
control units is expected to rise significantly during the forecast period in order to avoid
complex design and for enhanced electric connections along with better data transfer.
Increased fuel efficiency demand along with growing safety preference and adoption of latest
technologies by OEMs to provide better driving experience anticipated to expand the use of
electronic control unit during the upcoming days. Furthermore, growing sales of premium
vehicle across the globe due to change in lifestyle, increased per capita income, and inclination
toward luxurious cars likely propel the demand for electronic control unit. Premium vehicles are
integrated with several latest technologies and hence, these vehicles contain numerous
electronic control unit (ECUs). Therefore, rise in adoption of premium vehicles is a key factor
that is likely to drive the automotive electronics control management market during the
forecast period. Increasing adoption of electric vehicles owing to government policies regarding
minimum carbon emission, incentive policies by governments, and focus toward green
transportation are anticipated to drive the automotive electronics control management market
during the forecast period.
In terms of application type, the global automotive electronics control management market has
been divided into engine control module, transmission control module, brake control module,
ADAS module, and others. The transmission control module segment is anticipated to expand
at a significant rate during the forecast period owing to increasing adoption of automatic
transmission across the globe. Increase in demand for fuel-efficient vehicles is projected to fuel
the demand for automatic transmission during the forecast period. The transmission control
module receives information from various sensors to provide better smooth shifting gear timing
which ensure of comfortable driving experience, and it enhance the performance of complete
transmission system. The advance driver assistance system (ADAS) segment is anticipated to be
a highly attractive segment during the forecast period. It is projected to expand rapidly, which
in turn is expected to drive the automotive electronics control management market during the
forecast period. Autonomous driving employs latest technologies, such as lane departure
warning, blind spot detection, adaptive cruise control, automatic braking, in order to maintain
safety and convenience. Furthermore, major OEMs are providing a majority of the ADAS
technologies for safety purposes and for better driving experience, which in turn is projected to
boost the demand for electronic control unit. This in turn is likely to drive the automotive
electronics control management market during the forecast period.
In terms of vehicle, the automotive electronics control management market has been classified
into passenger vehicle, commercial vehicle, and electric vehicle. Electric vehicle segment likely
to drive the automotive electronics control management market. Advanced technologies,
which enhance the performance as well as play an important role in safety, are included in
most electric vehicles. Rise in adoption of electric vehicles due to government policies regarding
emission, enhanced focus of OEMs on the development and manufacture of electric vehicles,
and other factors such as growing infrastructure of electric vehicle, availability of charging
stations, and affordable price of battery, are anticipated to drive the adoption of electric
vehicles. This, in turn, is projected to drive the automotive electronics control management
market during the forecast period.
Author
monali raghu
monali raghu349   documents Email
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