Transparency Market Research in its new report titled, “ECU for Automotive Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the ECU for automotive market. The TMR report anticipates that the increased demand for advanced driver assistance functions and safety systems will drive the ECU for automotive market during the forecast period i.e, 2018-2026. Preference for high speed and luxury cars is increasing as they include advanced infotainment and cabin control functions such as sunroofs, power windows, and rain sensing. The deployment of such technologies has increased the number of ECUs used in a car and has thus raised their demand, says the report.
Increasing concerns regarding fuel economy and emissions has resulted in the deployment of ECUs to control fuel discharge and exhaust to achieve optimal combustion. Autonomous vehicle technology includes use of an interconnected ECU as it has to manage the driver features along with the infotainment. The autonomous vehicle ECU relates the signals received from the radar, LiDAR sensors and adds interface to the cloud and the map data’s. The ECUs of autonomous vehicles undergo rigorous testing as their failure may cause serious harm to the occupants of the vehicle and pedestrian. ECUs of autonomous vehicles also have a firewall against hacking and cybercrimes as the vehicle can be controlled and stolen.
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The TMR report has segregated the global ECU market for automotive based on application, vehicle, vehicle technology, sales channel, and geography. Based on application, the global ECU market is split into five types. Powertrain and safety are the leading segments based on application, owing to rise demand for fuel saving technologies and advanced driver assistance systems. In accordance with vehicle, the global ECU market for automotive is classified into passenger vehicles and commercial vehicles. The number of first-time vehicle buyers in developing countries such as India, China, Brazil, and Mexico is rising, thus boosting demand for passenger vehicles. Among these, the passenger vehicles segment is expected to dominate the market during the forecast period. The dependence on electronics and demand for luxury vehicles have spurred the need for ECUs in passenger vehicles and is thus driving the ECU market.
In terms of vehicle technology, the market is segregated into electric, hybrid electric, plug in hybrid, and autonomous vehicles. Sales in the plug in hybrid segment have increased consistently in Europe and North America. The report anticipates the segment to dominate the ECU market. On the basis of sales channel, the global ECU market is segmented into OEM and aftersales. OEMs are the leading suppliers of ECUs as the systems are factory fitted and cannot be overridden. The OEM segment is expected to continue to dominate the market during the forecast period. Accidental damage and system failure are expected to contribute to demand for ECUs in the aftermarket. Based on geography, the ECU market is bifurcated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is a leading auto manufacturer. The market in the region is expected to be highly attractive. Europe has a high number of luxury car makers, and given the number of ECUs deployed in such vehicles, the region is significant for the market.
Major players operating in the ECU market are profiled in this report to give a better competitive analysis and these include Robert Bosch GmbH, Continental AG, Denso Corporation, Delphi Automotive PLC, Autoliv Inc., Hitachi Automotive, Takata Corporation, and Magneti Marelli S.p.A.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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