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Automotive Electronic Control Unit Market Size, Share, Top Players, Trend, Growth Forecast to 2023
Automotive Electronic Control Unit Market Size, Share, Top Players, Trend, Growth Forecast to 2023
Automotive Electronic Control Unit Market Size, Share, Top Players, Trend, Growth Forecast to 2023

AutomotiveElectronic Control Unit Market

According toMarket Research Future (MRFR), the global automotive electronic control unitmarket is expected to grow at a CAGR of 6.1% from 2017 to 2023 (forecastperiod). The report discusses the COVID-19 analysis of the significant factorinfluencing the growth of the market. The report examines the domestic andglobal business patterns of competitors, offering a detailed analysis of bothgrowth drivers and constraints that could have a major effect on the industry'soutlook during the forecast period.

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The AutomotiveElectronic Control Unit is one of the most significant vehicle parts that hasreceived a great deal of attention from the major vehicle manufacturers. Theautomotive industry has been one of the most significant revenue-generatingsectors and has made many technological advancements in recent years. Theautomotive electronic control unit is amongst them.

MarketDynamics

The globalmarket for automotive electronic control units has been growing, and the mainfocus is on emission control and fuel efficiency. Automotive manufacturers arenow focused more on updating technologies that would improve fuel efficiencyand regulation of emissions. The automotive electronic control unit performs anintegral role inside the engine as well as increases its performance to enablea smooth running of the vehicle. The automotive electronic control unitconsists primarily of components such as the engine control unit, the brakecontrol module, the engine management system, the powertrain system, and theclimate control system. Such components function very well, passing the engineperformance to the electronic control unit. The rise of the global automotiveelectronic control unit market is driven by factors such as low emissionsand higher fuel efficiency, increased sales of new vehicles, stringentgovernment regulations on vehicle emission reductions, technical advancements,and emerging economies. Higher system costs are a significant hindrance factorthat could hinder the market growth. In addition, rising demand for gasolineengine vehicles and increasing disposable income create significant marketopportunities.

MarketSegmentation

The globalmarket for automotive electronic control unit has been segmented on the basisof type and vehicle type.

By type, theglobal market for automotive electronic control unit has been segmented intopowertrain system, engine control unit, climate control system, brake controlmodule, engine management system, and others. Among these types, the powertrainsystem is estimated to dominate the global market, while the engine managementsystem is anticipated to register the fastest CAGR. 

On the basis ofvehicle type, the global automotive electronic control unit has been segmentedinto passenger vehicles and commercial vehicles. The passenger vehicles segmentis anticipated to lead.

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RegionalAnalysis

Geographically,the global market for automotive electronic control unit has been divided intofour major regions like North America, Europe, Asia Pacific, and the Rest ofthe World.

The Asia Pacifichas led the global market due to factors such as strict vehicle emissionregulations, increasing disposable income, and growing new vehicleregistration. North America is the second-largest revenue region, followed byEurope. In addition, Asia Pacific has emerged as the fastest-growing economy inthe world. Throughout the last few years, APAC has sold the highest number ofvehicles, with major contributions from China, Japan, and Indonesia. Inaddition, the increasing demand for passenger vehicles has largely driven theAPAC region.

Key Players

The keyparticipants in the automotive electronic control unit market include HyundaiMobis (South Korea), Denso Corporation (Japan), Delphi Automotive (UK), HitachiAutomotive Systems (Japan), Robert Bosch (Germany), Continental AG (Germany),Lear Corporation (US), Panasonic Corporation (Japan), Magneti Marelli (Italy),Pektron Group (UK), and Takata Corporation (Japan).

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Our rapidlyexpanding market research company is assisted by a competent team of researchanalysts who provide useful analytics and data on technological and economicdevelopments. Our deemed analysts make industrial visits and collect valuableinformation from influential market players. Our main goal is to keep ourclients informed of new opportunities and challenges in various markets. Weoffer step-by-step assistance to our valued clients through strategic andconsulting services to reach managerial and actionable decisions.

 

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