The Global Automotive ECU Market was valued at US$ 28.2 Bn in 2021 and is expected to reach US$ 49 Bn by 2032, finds Future Market Insights (FMI) in a recent market survey. As per the findings of the report, it is projected that revenue through the ADAS and safety system type in the automotive ECU will grow at 4.8% CAGR during the forecast period.
The demand is transforming in favor of a centralized ADAS domain controller, rather than distributed ADAS electronic controller units. This indicates that the ECU market is now at Level 2 (Partial Driving Automation), which means that the car can control both steering and accelerating/decelerating but is not fully self-driving. As more adoption of integrated ECUs takes place, it will lead to greater revenue in the Automotive ECU market.
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The United States is the Largest user of Automotive ECU throughout the Analysis Period
From 2022 to 2032, the Automobile ECU Market is estimated to develop at a CAGR of 4.8% in the United States. The regulatory body in the United States has implemented rigorous fuel emission limitations as well as enhanced road safety standards. The New Car Assessment Program (NCAP), for example, mandates the installation of automatic emergency braking and lane departure warning systems, ensuring the widespread use of active safety technologies. This gives an enormous boost to the automotive ECU market.
“The rising demand for electric and hybrid vehicles worldwide is favoring the adoption of Integrated ECUs. Fuel price volatility, increasing awareness to curb the adverse environmental impact of fuel-driven vehicles and favorable government initiatives will significantly increase the automotive ECU market revenue.” comments an analyst at Future Market Insights.
Automotive Electric Connectors Market: Competition Insights
Automotive ECU manufacturers are setting up collaborations with other companies and launching new products in the ECU market. The key companies operating in the Automotive ECU Market include Continental AG, Denso Corporation, Garmin Ltd., Harman International, Infineon Technologies AG, Robert Bosch GmbH, Delphi Technologies, Mitsubishi Electric Corporation, Johnson Electric Holdings Limited, Texas Instruments Incorporated, Panasonic, Aptiv, Verizon, Intel Corporation, Renesas Electronics Corporation, Microsoft Corporation, Kontron AG, ARM Limited, Fujitsu Limited, Microchip Technology Inc., Xilinx, STMicroelectronics, Sierra Wireless, Zhuhai ENPOWER Electric Co., Intellias Ltd, HYUNDAI MOBIS, Lear, Hitachi Astemo, Ltd., Marelli Holdings Co., Ltd., and BorgWarner Inc.
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Some of the recent developments by key providers of the Automotive ECU market are as follows:
- In October 2021, BorgWarner Inc. purchased Delphi Technologies. BorgWarner’s power electronic products, and electronic control unit will be strengthened as a result of the acquisition.
- In February 2021, Magna announced to launch the 3D surround view with next-generation cameras and automotive electronic control units. Driver assistance technology is mainly installed in high-end models. Now, it will be available starting with the model year 2022 and expanding across multiple customers and vehicle platforms.
- In January 2021, Panasonic, plans to integrate its latest advances in optics, volume optimization, and imaging technology with A.I. from its SPYDR domain controller. Further, this renders near-filed and far-field content for vehicle information, object and pedestrian detection, and mapping for a more seamless experience for the driver.
- In March 2020, in order to develop fuel cell heavy commercial vehicles, Robert Bosch GmbH and Nikola Motor Company forged cooperation. The Bosch Vehicle Control Unit is the main component, as it provides more computational capacity for sophisticated functions while lowering the number of separate units.
More Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the Automotive ECU Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
Key Segments Covered In Automotive ECU Market Survey
Automotive ECU Market by Application:
- ADAS and Safety System
- Body Control and Comfort System
- Infotainment and Communication System
- Powertrain System
Automotive ECU Market by Propulsion Type:
- Electric
- Hybrid
- ICE
Automotive ECU Market by ECU capacity:
- 16-bit ECU
- 32-bit ECU
- 64-bit ECU
Automotive ECU Market by Vehicle Type:
- Heavy Duty
- Medium Duty
- Light Duty
Automotive ECU Market by Region:
- North America Automotive ECU Market
- Latin America Automotive ECU Market
- Europe Automotive ECU Market
- Asia Pacific Automotive ECU Market
- Middle East & Africa Automotive ECU Market
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The post Automotive ECU Market is reaching US$ 49 Bn at a gracious rate of 4.8% by the year 2032 – FMI appeared first on Future Market Insights.
