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(USGovernment-News.Com, November 23, 2018 ) According to recent research “Automotive ECU Market by Application, ECU Capacity (16-bit, 32-bit, 64 bit), Propulsion (BEVs, HEVs, ICE), Level of Autonomous Driving, Vehicle Type (LDV, HCV, Construction & Mining Equipment, Agricultural Tractors), and Region - Global Forecast to 2025" The Automotive ECU (Electronic Control Unit) Market was valued at USD 45.25 billion in 2016 and is projected to reach USD 96.39 billion by 2025, at a CAGR of 6.01% during the forecast period. the development of new technologies and innovations related to electronics and introduction of advanced electronics have converted automobiles into smart and connected machines. Automotive ECUs are used for controlling the diverse electronic parts and processes in a vehicle. The base year for the report is 2016 and the forecast period is 2017 to 2025.
ADAS & Safety System is driving the Automotive ECU Market
The ADAS and safety system segment of the automotive ECU market is estimated to be the largest market. It has an estimated market size of USD 23.78 billion in 2017 and is projected to reach USD 40.99 billion by 2025. The regulatory bodies of many countries are mandating the use of ADAS features such as blind spot detection, lane departure warning, automatic emergency braking, and park assist technology. Additionally, the installation of basic safety systems such as ABS, anti-lock braking systems, TPMS, and electronic stability programs/dynamic stability control is expected to drive the growth of the ADAS and safety system segment of the automotive ECU market.
Browse and in-depth TOC on “Automotive ECU Market"
Automobiles were mainly seen as mechanical machines not so long ago. However, the development of new technologies and innovations related to electronics and the introduction of advanced electronics have converted automobiles into smart and connected machines. Automotive ECUs are used for controlling the diverse electronic parts and processes in a vehicle. These are used in most of the automotive electronic systems and have helped to enhance the driving experience. Conventionally, automotive cockpit electronics offered basic visual and analog interfaces such as control buttons, analog instrument clusters, and basic central displays. Modern automotive cockpit electronics consist of multiple integrated advanced technologies, which help make a vehicle smart and create a seamless driving experience.
The Automotive ECU market is segmented by application type into ADAS & Safety System, Body Control and Comfort System, Infotainment & Communication System and Powertrain System. The ADAS and safety system segment of the automotive ECU market is estimated to be the largest market. It has an estimated market size of USD 23.78 billion in 2017 and is projected to reach USD 40.99 billion by 2025. The regulatory bodies of many countries are mandating the use of ADAS features such as blind spot detection, lane departure warning, automatic emergency braking, and park assist technology.
The Asia Pacific automotive ECU market, in terms of value, is estimated to grow at the highest CAGR of 6.28% from 2017 to 2025. The increasing demand for advanced electronics in vehicles, growing purchasing power of the population, and raising awareness of safety features are the key factors driving the automotive ECU market in the Asia Pacific region.
Automotive ECUs mainly found their application in ADAS & Safety System, Body Control and Comfort System, Infotainment & Communication System and Powertrain System in a vehicle. The growth of these applications is driving the ECU market.
Key players in the market include Continental (Germany), Robert Bosch (Germany), Denso Corp (Japan), Autoliv (Sweden), and Mitsubishi Electric (Japan). These players have adopted various growth strategies such as expansion and new product development to increase their presence and market share in the global market.
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