Furthermore, increased adoption of advanced safety systems and driver assistance features such as blind spot detection, and automatic emergency braking at lower costs are expected to boost the growth of the autonomous Automotive Electronic Control Unit (ECU) market.
Automotive Electronic Control Unit (ECU) Market analyzed by Application Type (Autonomous Vehicles and Semi-Autonomous Vehicles), by Vehicle Type (Passenger Car, Light Commercial Vehicle, and Heavy Commercial Vehicle) and by region
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Automotive Electronic Control Unit (ECU) Key Companies Market Analyzed for This Research Report Are: Dongfeng Motors Group Limited (China), AB Volvo (Sweden), Beiqi Foton Motors Group Limited (China), Shaanxi Automobile Group Limited (China), Daimler AG (Germany), and CNH Industrial NV (The Netherlands), Landi Renzo (Italy), and Westport (Canada).
The global electric vehicle charging station market has witnessed significant growth in recent past. Stringent government regulations related to safety, increase in demand for advanced driver assisted system in vehicles, growing sales of vehicles, and others. The vehicle manufacturers are developing new technologies to improve the vehicle safety system and intelligent transport system (ITS), due to increased accidents, across the globe.
The electronic control unit (ECU) is the embedded system that controls various automated functions such as engine management, transmission control, body control and infotainment system of a semi-autonomous vehicle and fully operated automated vehicles. Autonomous Automotive Electronic Control Unit (ECU)s are widely used across various automobile segments such as light commercial vehicles, heavy commercial vehicle, and passenger cars. The demand for automotive safety systems and the growing inclination toward convenient and comfortable systems in vehicles have propelled the growth of the global autonomous Automotive Electronic Control Unit (ECU) market.
On the basis of region, the market is segmented into North America, Asia-Pacific, Europe, and Rest of the World.
North America is expected to dominate the market during the forecast period. Increase in the sales of vehicles in North America and concerns regarding vehicle safety will drive them to hold the highest market share throughout the forecast period. In the future, government regulations within the North American countries are expected to become stricter, every year. This means that the manufacturers need to be aware about the regulatory requirements.
The high adoption of Automotive Electronic Control Unit (ECU) in this region is attributed to the high penetration of luxury vehicles with autonomous technologies. The availability of advanced technologies related to autonomous Automotive Electronic Control Unit (ECU) across regions has propelled the demand in the autonomous Automotive Electronic Control Unit (ECU) market.
Asia-Pacific is expected to be the second largest market during the forecast period due to an increase in the sales of premium vehicles, rise in GDP and increased purchasing power of users. The region is home to technologically advanced automotive markets such as China and Japan, and India. The advancement of automotive technologies will result in the growth of the market during the forecast period.
The report for Global Automotive Electronic Control Unit (ECU) Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
The Automotive Electronic Control Unit (ECU) market is witnessing intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations, as key factors that confront market growth. The vendors compete in terms of cost, product quality, reliability, and aftermarket service. It is crucial for the vendors to provide cost-efficient and high-quality driver state monitoring systems, to survive and succeed in an intensely competitive market environment.
Major Table of Content:
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
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