The Automotive Electronic Control Unit Market will reach at an estimated value of USD 77.12 billion by 2028 and grow at a CAGR of 6.54% in the forecast period of 2021 to 2028. Rise in the safety standards in the automobile industry acts as an essential factor driving the automotive electronic control unit market.
Rise in the incorporation of advanced safety, convenience, and comfort systems acts as a crucial factor accelerating the market growth, also rise in the demand for electric vehicles, rise in the demand for safety and comfort features in cars in North America, rise in the demand for electric vehicles in North America and Europe, rise in the production of autonomous and semi-autonomous vehicles in Europe and Asia-Pacific and rise in the awareness of energy efficient cars in Asia Pacific and Latin America are the major factors among others boosting the automotive electronic control unit market. Moreover, rise in the advent of concept cars and autonomous vehicles and increase in the rate of installation of advanced applications in luxury and mid-range vehicles will further create new opportunities for automotive electronic control unit market in the forecast period mentioned above.
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Competitive Landscape and Automotive Electronic Control Unit Market Share Analysis
Automotive electronic control unit market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive electronic control unit market.
The major players covered in automotive electronic control unit market report are Autoliv Inc, Bosch Limited, Continental AG, Aptiv, DENSO CORPORATION, Magna International Inc, Hyundai Mobis, ZF Friedrichshafen AG, FUJITSU, Minda Corp, HYUNDAI KEFICO Corporation, Hitachi Astemo, Ltd. and Pektron among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Automotive Electronic Control Unit Market Scope and Market Size
Automotive electronic control unit market is segmented on the basis of type, vehicle, technology and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, automotive electronic control unit market is segmented into engine control unit, brake control module, suspension control module, powertrain control module, transmission control module and telematics control unit.
- Based on vehicle, the automotive electronic control unit market is segmented into passenger car, light commercial vehicle and heavy commercial vehicle.
- Based on technology, the automotive electronic control unit market is segmented into transmission control system, engine management system, anti-lock braking system, climate control system, power steering system, airbag restraint system and body control system.
- The automotive electronic control unit market is also segmented on the basis of end-user into OEM and aftermarket.
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Automotive Electronic Control Unit Market Scope Country Level Analysis
Automotive electronic control unit market is analysed and market size, volume information is provided by country, type, vehicle, technology and end-user as referenced above.
The countries covered in the automotive electronic control unit market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the automotive electronic control unit market due to rise in the demand for in-vehicle infotainment and communication applications in passenger vehicles, increase in the disposable income and rise in automobile production in this region. North America is the expected region in terms of growth in automotive electronic control unit market due to increase in the demand for luxury cars, growing demand for energy-efficient vehicles and strict government regulations to reduce carbon emissions in this region.
The country section of the automotive electronic control unit market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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