Autonomous Vehicle ECU Market Size, Trends, Key Players Analysis, Demand, Industry Growth, Sales, Forecast Till 2023
Autonomous Vehicle ECU Market is predicted to grow at progressive CAGR by 2023.
Pune, India – March 28, 2019 /MarketersMedia/ —
Autonomous Vehicle ECU Market is predicted to grow at progressive CAGR by 2023. According to Market Research Future (MRFR)’s latest report, the global autonomous vehicle ECU market is projected to thrive at a moderate CAGR over the forecast period 2019 to 2023. The developmental opportunities of the automotive sector coupled with the rising demand for autonomous and semi-autonomous cars are expected to propel the expansion of the market in the forthcoming years.
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Key Players:
The key players in autonomous vehicle ECU market are Continental AG (Germany), Hitachi, Ltd. (Japan), Intel Corporation (U.S.), Nvidia Corporation (U.S.), and Renesas Electronics Corporation (Japan). ZF Friedrichshafen AG (Germany), NXP Semiconductors N.V. (Netherlands), Infineon Technologies AG (Germany), Bosch (Germany), and Autoliv Inc. (Sweden) are among others.
Autonomous Vehicle ECU Market Overview:
he factors that are responsible for the growth of autonomous vehicle ECU market are 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 key factors, which aid the market growth are the increased number of government mandates, globally, for advanced driver-assistance systems (ADAS) features and the inclusion of basic safety systems such as anti-lock braking systems (ABS), and airbags. 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 vehicle ECU market.
To reduce the number of road accidents, the regulatory bodies of various regions such as Europe are mandating the installation of advanced safety systems, and anti-lock braking system (ABS) in vehicles, increasing the growth of the market. The key driver of the market is the rise in the number of accidents due to human errors such as driving for long hours leading to sleepiness, driver fatigue, and stress. Hence, the automotive ecosystem is supporting the adoption of semi-autonomous vehicles and will gradually shift toward autonomous vehicles that are free from human errors.
The increased sales of vehicles, across the globe, will result in high demand for autonomous vehicle ECU in the market. However, cyber security issues such as cybersecurity risk and legal challenges in autonomous vehicles will hamper the growth of the market.
Autonomous Vehicle ECU Market Segmentation:
Global Autonomous Vehicle ECUs Market Segmented by its application, vehicle type, and region.
By application type, the global Autonomous Vehicle ECU Market has been segmented into autonomous vehicles and semi-autonomous vehicles.
By vehicle type, the autonomous vehicle ECU market has been segmented into passenger car, light commercial vehicle, and heavy commercial vehicle.
Regional Analysis:
The global autonomous vehicle ECU market, by region, has been segmented into Europe, North America, Asia Pacific, and the Rest of the World (RoW). North America has been projected to secure the pole position in the global marketplace. The rising demand for advanced safety, comfort and convenience systems is forecasted to lead the expansion of the autonomous vehicle ECU market in the region over the next couple of years. The U.S. and Canada are anticipated to contribute significantly to the development of the regional market. In addition, the boosted sales of vehicles coupled with the increasing installation of ECUs are expected to favor the proliferation of the autonomous vehicle ECU market in the region.
Europe is expected to grow substantially over the next few years owing to the boom witnessed in the automotive sector. In addition, Asia Pacific is also likely to exhibit positive growth in the upcoming years. The region has been witnessing an upsurge in demand for automobiles backed by increasing purchasing power. This, in turn, is anticipated to catalyze the expansion of the autonomous vehicle ECU market in the region.
Industry News:
In February 2019, Wave Computing®, a company that is accelerating artificial intelligence (AI) from the datacenter to edge, announced the launch of its MIPS processor technology for vehicles that are equipped with Advanced Driver Assistance Systems (ADAS).
In February 2019, Renesas Electronics Corporation, a Japanese semiconductor manufacturer, has announced the introduction of its microcontroller (MCU) with embedded flash that facilitates the integration of hardware-based virtualization-assisted function. The technology has been designed to accelerate automotive ECU integration.
In January 2019, SafeRide Technologies, an automotive cybersecurity company, has announced the introduction of vXRay which is an anomaly detection and behavioral profiling technology for Security Operation Centers (SOC) of connected vehicles.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Threat of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power of Buyers
3.2 Value Chain/Supply Chain Analysis
Continue…
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About Market Research Future:
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Contact Info:
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Website: https://www.marketresearchfuture.com/reports/autonomous-vehicle-ecu-market-6286
Source: MarketersMedia
Release ID: 496588
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