A research study titled, “Automotive ECU Market by product Type - Global Industry Analysis and Forecast to 2022” published by Crystal Market Research, states that the automotive ECU market is projected to be around $52.87 billion by 2022.
The global automotive ECU market was evaluated around USD 27.48 billion in the 2012 and is expected to reach approximately USD 52.87 billion by the end of 2022 while registering itself at a compound annual growth rate (CAGR) of 6.07% over the forecast period. Automotive Electronic Control Unit or ECU is a group of computer systems that maintains and controls the total electrical, mechanical and electronic systems of an automobile. ECU can be divided on the basis of the functions as; Body Control Module (BCM), Engine Control Module (ECM), Powertrain Control Module (PCM), Electronic Brake Control Module (EBCM), Transmission Control Module (PCM), Door Control Unit (DCM), Suspension Control Module (SCM), General Electric Module (GEM), Battery Management System (BMS), and others. Automotive works right from the quantity of air-fuel mixture essential for every engine cylinder to the movement of the vehicle windows have an Electronic Control Unit (ECU) system implanted with it that is registered, studied and stacked away in the microcontroller. The innovations in automotive technology have contributed to an augment in the implementation of complicated ECUs in an automobile.
The global automotive ECU market is expected to show extensive growth with a significant compound annual growth rate during the projected period of 2012 to 2022. Augmented demand for technologically superior vehicles such as hybrid cars in the developing and developed nations is amongst the key factors fueling the growth of the global ECU market. Governmental policies to trim down fuel utilization and rising demand for improved vehicles mileage by the common public is one more key factor directing to elevated ECU market growth in the automotive market. The stable growth of alternative vehicle options such as the pure electric and hybrid vehicles in the developed countries has bestowed considerably to the global ECU market owing to high complications involved in these vehicles than conventional vehicles. Also, ease of driving, low maintenance demanded by the customers, driver safety, and security concerns are growth driving factors for the global ECU market.
The key industry participants for the automotive ECU market are; Continental AG, Denso Corporation, Autoliv, Inc., Delphi Automotive PLC, TRW Automotive, Hitachi Automotive, and Robert Bosch GmbH. According to the application, the global market is split into; Safety & Security Systems, Entertainment Systems, Powertrain Electronics, Communication & Navigation Systems and Chassis Electronics. Geographically, the global automotive ECU market is segmented into regions which are; Europe (Germany, Spain, Italy, France, UK and Rest of Europe), Asia-Pacific (Japan, China, India, Australia, South Korea and Rest of Asia Pacific), North America (the United States, Mexico and Canada) and Rest of the World (Brazil, Saudi Arabia, South Africa, United Arab Emirates and Others).
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Key findings of the automotive ECU market