Automotive ECU Market Size, Share, Analysis, Growth, Trends, Industry Report 2024-2033|ZF Friedrichshafen AG, Continental AG, Denso Corporation, Hyundai Mobis Co. Ltd., Autoliv Inc

Spread the love

Overview and Scope

Automotive ECU refers to an embedded system that controls electrical subsystems in a transport vehicle. Each ECU contains a dedicated chip, which runs its own software or firmware, and requires external power to operate. The automotive ECU is used for synchronizing all the electric systems in a vehicle including injection of the fuel and, in petrol engines, and the timing of the spark to ignite it.

Sizing and Forecast

The automotive ecu market size has grown strongly in recent years. It will grow from $86.16 billion in 2023 to $91.53 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to increasing demand for fuel-efficient vehicles, advancements in technology leading to more efficient and productive manufacturing practices

increasing adoption of electronic components in vehicles, growing demand for luxury and premium vehicles, increasing government regulations for vehicle safety and emissions.

The automotive ecu market size is expected to see strong growth in the next few years. It will grow to $117.04 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to growing demand for electric and hybrid vehicles, increasing adoption of autonomous and connected vehicles, rising demand for lightweight materials in vehicle manufacturing, growing focus on reducing carbon footprint in transportation, increasing government support for electric and hybrid vehicles. Major trends in the forecast period include electrification and hybridization, development of cybersecurity measures for ecus, increasing use of multicore processors in ecus, integration of machine learning algorithms in ecus, adoption of over-the-air (ota) software updates

To access more details regarding this report, visit the link:

https://www.thebusinessresearchcompany.com/report/automotive-ecu-global-market-report

Segmentation & Regional Insights

The automotive ecu market covered in this report is segmented –

1) By ECU: 16-bit ECU, 32-bit ECU, 64-bit ECU

2) By Vehicle Type: Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle, Electric Vehicle

3) By Mode: Conventional, Autonomous

Asia-Pacific was the largest region in the automotive ECU market in 2023, and it is also expected to be the fastest-growing region in the automotive ECU market during the forecast period. The regions covered in the automotive ecu market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Intrigued to explore the contents? Secure your hands-on sample copy of the report:

https://www.thebusinessresearchcompany.com/sample.aspx?id=7102&type=smp

Major Driver Impacting Market Growth

The growth in demand for hybrid and battery electric vehicles is expected to propel the growth of the automotive ECU market going forward. Hybrid electric vehicles are powered by an internal combustion engine and one or more electric motors, whereas battery electric vehicles are completely dependent on electric motors. The increasing shift in consumer interests toward eco-friendly transportation and growing government initiatives toward sustainable transportation solutions have contributed to increased demand for hybrid and electric vehicles across the globe. The rapid increase in demand for hybrid and battery electric vehicles is expected to boost the utilization of automotive ECU, as they are a vital component in the effective functioning of electric and hybrid vehicles. For instance, according to Argonne National Laboratory, a US-based department of energy multidisciplinary science and engineering research center, in March 2021, Americans purchased 75,959 Hybrid-Electric Vehicles (HEVs). Further, according to International Energy Agency, a France-based autonomous intergovernmental organization, sales of electric cars topped 6.6 million globally in 2021. . Therefore, the growth in demand for hybrid and battery electric vehicles is expected to boost demand for automotive ECU market solutions during the forecast period.

Key Industry Players

Major companies operating in the automotive ecu market report are ZF Friedrichshafen AG, Continental AG, Denso Corporation, Hyundai Mobis Co. Ltd., Autoliv Inc., Robert Bosch GmbH, Takata Corporation, Mitsubishi Electric Corporation, Hitachi Automotive Systems Ltd., Delphi Technologies plc, Magneti Marelli SpA, Faurecia SA, Visteon Corporation, Aptiv plc, Lear Corporation, Nidec Corporation, Leopold Kostal GmbH & Co KG, Infineon Technologies AG, United Automotive Electronic Systems Co. Ltd., Weifu Group, Lincontrol BV, Trocellen Automotive GmbH, BASF SE, Röchling Group, SA Automotive, 3M Company, Evonik Industries AG, Compagnie de Saint-Gobain SA, ElringKlinger AG, Adler Pelzer Group

The automotive ecu market report table of contents includes:

1. Executive Summary

2. Automotive ECU Market Characteristics

3. Automotive ECU Market Trends And Strategies

4. Automotive ECU Market – Macro Economic Scenario

5. Global Automotive ECU Market Size and Growth

26. South America Automotive ECU Market

27. Brazil Automotive ECU Market

28. Middle East Automotive ECU Market

29. Africa Automotive ECU Market

30. Automotive ECU Market Competitive Landscape And Company Profiles

Top Major Players: