Global Automotive Electronic Control Unit (ECU) Market Is Anticipated To Grow At A CAGR Of 6% By 2022 : Radiant Insights
RadiantInsights.com includes new market research report on “Global Automotive Electronic Control Unit (ECU) Market Size, Share And Trends Report Up To 2022 : Radiant Insights” to its huge collection of research reports.
San Francisco, United States – October 14, 2015 /MarketersMedia/ —
The global automotive electronic control unit (ECU) market size is anticipated to grow at a CAGR of over 6%, exceeding USD 45 billion by 2022. Proliferating significance for energy efficiency and dive safety assurance need in vehicles is estimated to drive the market.
Expediting implementation in various segments such as utility vehicles, commercial and passenger cars are expected to play as key growth drivers. Rising focus on research & development activities owing to reduction in ECU costs are likely to have substantial impact on market demand. Stiff government regulation and increasing demand for sophisticated automobiles are likely to fuel the Automotive ECU Market. Accelerated adoption of this product in electric vehicles is likely to have colossal impacts on power train sector owing to reduction in environmental emissions.
Technology innovations in automotive industry are anticipated to act as an avenue for product demand. Evolution of V2I & V2V systems are expected to stimulate the product demand in the market. Encapsulation of high-end telematic systems along with sophisticated embedded softwares is likely to elevate the technologies like local hot spot, electronic traction and website access with high speed CAN and their application in automobiles.
Increasing complexity owing to immense functionality requirements to regulate the intermediary communication among multiple ECUs, act as a key market restraint. Rising consumer predilections towards high end in-car equipments such as, navigation, built-in data storage facility and communication systems in medium sized automobiles is likely to accentuate potential opportunities to the industry participants. Rising consciousness towards green technology namely EDAS (Eco-driver Assist Systems) is likely to offer promising channel to new market entrants.
Browse full research report with TOC on http://www.radiantinsights.com/research/automotive-ecu-market
The automotive ECU market can be segmented based on type, application and technology. Based on type, the market can be segmented as utility vehicles, commercial vehicles and passenger cars. Based on technology, it can be further segmented as transmission control, engine management, anti-lock braking system, climate control, power steering, airbag restraint system, and body control system. On the basis of application, the market can be segmented as communication & navigation systems, entertainment systems, powertrain electronics, chassis electronics, and safety & security systems. Safety and security segment is anticipated to be the highest. Communication and navigation systems are likely to exhibit high growth owing to rising demand for comfort characteristics.
Asia Pacific automotive ECU market is anticipated to witness high growth rates owing to increasing safety installations along with hype in manufacturing activities. Europe is expected to exhibit substantial growth owing to expansion in logistics industry coupled with rising demand for telematic in the region. North America is estimated to resemble convincing growth due to prominence of on-board emission diagnostics system.
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Key industry participants accounting for significant automotive ECU market share are Continental, Denso and Bosch. Other industry players include Hyundai Mobis AG Delphi, Lear, TRW Automotive, Hitachi and Autoliv.
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