Automotive Electronic Control Unit Market to Ascend At 6.1% CAGR By 2023. Ascension in Automotive Industry to Supplement Automotive Electronic Control Unit Market Growth. Global Automotive Electronic Control Unit Market segmented By Type (Engine Control Unit, Brake Control Module, Engine Management System, Powertrain System, Climate Control System and Others), Vehicle Type (Passenger Vehicles and Commercial Vehicles) and Region.
Automotive Electronic Control Unit Industry Report provides provides information regarding Automotive Electronic Control Unit market size, share, trends, growth, cost structure, capacity, revenue and forecast 2024. This report also includes the overall and comprehensive study of the Gas Engines market with all its aspects influencing the growth of the market.
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Automotive Electronic Control Unit Overview:
Market leaders profiled in the report include Denso Corporation (Japan), Delphi Automotive (UK), Robert Bosch (Germany), Hyundai Mobis (South Korea), Continental AG (Germany), Lear Corporation (US), Hitachi Automotive Systems (Japan), Panasonic Corporation (Japan), Magneti Marelli (Italy), Pektron Group (UK), and Takata Corporation (Japan).
An automotive electronic control unit refers to one of the most vital parts of an automobile. This part has been gaining a lot of attention from leading companies present in the automotive industry. The automotive industry is expected to burgeon at a fast pace and be one of the topmost revenue-generating industries. It is also witnessing fast-paced technological innovation and integration currently. The automotive electronic control unit is one such innovation. The automotive electronic control unit market is anticipated to ascend at an approximate CAGR of 6.1% during the forecast period. Asia Pacific to Boast Dominance Over Automotive Electronic Control Unit Market
Market Research Future (MRFR) in their recent report, have also studied several attributable factors contributing to the sizeable market growth. With the main focus on curbing carbon emission and augmentation of fuel efficiency, the global automotive electronic control unit market is anticipated to upscale at a fast pace. Automotive manufacturers have started focusing heavily on the research and development of advanced technology which would aid fuel efficiency and carbon emissions. This, on the other hand, is promoting the ascension of the automotive electronic control unit market.
The automotive electronic control unit consists of components like the engine control unit, brake control module, and engine management system, along with the powertrain system and climate control system. These components are highly efficient at the transmission of the automotive electronic control unit. Growth in the automotive electronic control unit market can also be accredited to the increasing sales of new and advanced automotive. Additionally, stringent government regulations on the reduction of vehicle emissions are expected to drive the market.
Segmental Analysis:
The automotive electronic control unit market is studied for several segments to attain a detailed and insightful analysis. Market segmentation has been carried out on the basis of vehicle type, type, and region. Based on type, the global automotive electronic control unit market is segmented into brake control module, engine control unit, engine management system, climate control system, and powertrain systems. The powertrain segment is estimated to hold a dominant share of the global automotive electronic control unit market. Further, the engine management system segment is likely to witness fast-paced growth through the forecast period.
On the basis of vehicle type, market for automotive electronic control units is studied for the segments of passenger vehicles and commercial vehicles. Among these segments, the passenger vehicles segment is expected to hold a larger share of the global automotive electronic control unit market. This can be accredited to the upscaling of the automotive market. Further, the emergence of urbanization and rising disposable income of consumers has propelled the demand for advanced automobiles, fostering market growth.
Detailed Regional Analysis:
The automotive electronic control unit market has been segmented into the regions of North America, Europe, Asia Pacific and Rest of the World. Asia Pacific dominated the global automotive electronic control unit market at the beginning of the forecast period. The region is also expected to boast the same dominance through the forecast period. This can be accredited to the strict regulations levied by governments to curb vehicle emission. Moreover, elevating disposable income and increasing new vehicle registration are some of the factors supplementing the regional market growth.
North America is anticipated to garner the second-largest share of the automotive electronic control unit market over the conjecture period. Europe is set to fetch the third-largest market share owing to the presence of several market giants from the automotive industry.
Industry Update:
September 2019: STMicroelectronics recently collaborated with Arrow Electronics to release a completely new reference design electronic control unit for electronic fuel injection.
List Of Tables:
TABLE 1 GLOBAL AUTOMOTIVE ELECTRONIC CONTROL UNIT MARKET: BY REGION, 2017-2023
TABLE 2 NORTH AMERICA AUTOMOTIVE ELECTRONIC CONTROL UNIT MARKET: BY COUNTRY, 2017-2023
TABLE 3 EUROPE AUTOMOTIVE ELECTRONIC CONTROL UNIT MARKET: BY COUNTRY, 2017-2023
TABLE 4 ASIA PACIFIC AUTOMOTIVE ELECTRONIC CONTROL UNIT MARKET: BY COUNTRY, 2017-2023
TABLE 5 ROW AUTOMOTIVE ELECTRONIC CONTROL UNIT MARKET: BY COUNTRY, 2017-2023
TABLE 6 GLOBAL AUTOMOTIVE ELECTRONIC CONTROL UNIT MARKET, BY TYPE, BY REGIONS, 2017-2023
TABLE 7 NORTH AMERICA AUTOMOTIVE ELECTRONIC CONTROL UNIT MARKET, BY TYPE, BY COUNTRY, 2017-2023
TABLE 8 EUROPE AUTOMOTIVE ELECTRONIC CONTROL UNIT MARKET, BY TYPE, BY COUNTRY, 2017-2023
TABLE 9 ASIA PACIFIC AUTOMOTIVE ELECTRONIC CONTROL UNIT MARKET BY TYPE, BY COUNTRY, 2017-2023
TABLE 10 ROW AUTOMOTIVE ELECTRONIC CONTROL UNIT MARKET BY TYPE, BY COUNTRY, 2017-2023
TABLE 11 GLOBAL AUTOMOTIVE ELECTRONIC CONTROL UNIT MARKET, BY VEHICLE TYPE, BY REGIONS, 2017-2023
TABLE 12 NORTH AMERICA AUTOMOTIVE ELECTRONIC CONTROL UNIT MARKET, BY VEHICLE TYPE, BY COUNTRY, 2017-2023
TABLE 13 EUROPE AUTOMOTIVE ELECTRONIC CONTROL UNIT MARKET, BY VEHICLE TYPE, BY COUNTRY, 2017-2023
TABLE 14 ASIA PACIFIC AUTOMOTIVE ELECTRONIC CONTROL UNIT MARKET, BY VEHICLE TYPE, BY COUNTRY, 2017-2023
TABLE 15 ROW AUTOMOTIVE ELECTRONIC CONTROL UNIT MARKET, BY VEHICLE TYPE, BY COUNTRY, 2017-2023
TABLE 16 GLOBAL TYPE MARKET: BY REGION, 2017-2023
Continued…
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