Automotive ECU Market in ADAS segment to grow at 6.9% CAGR to 2024

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Automotive Electronics Control Unit Market By
Application, Growth Potential Forecast, 2018
2024
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Key Insights from Automotive ECU Market

• Increasing installation of the advanced features
  and ADAS in autonomous and luxury vehicles is
  driving the automotive ECU market growth. Luxury
  vehicles deploy a large number of ECUs and offer
  advanced driving assistance benefits and 360º
  radar sensing.
• A major transition observed in the ECU
  implementation in these vehicles includes control
  unit degradation that deactivates the unnecessary
  elements and eliminates optional GPS signals and
  offers low current consumption, improved safety,
  and electric function management.
• The rise in automobile production across the
  globe to cater to the increasing population
  requirement is further creating several
  opportunities for the automotive ECU market
  growth.
• The global automobile manufacturing market
  identifies smart connectivity and greener
  production initiatives, leading to an increased
  consumption of control units. Additionally,
  several favorable government reforms to control
  the road traffic and ensure driver safety drive
  the production of modern vehicles.

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Continued
Passenger vehicles are expected to grow at around
6 CAGR in the automotive ECU market. These
vehicles include luxury cars that deploy the
highest number of ECUs owing to their
requirements for enhanced performance. Battery
Electric Vehicles (BEVs) automotive ECU market
accounted for over 30 share in terms of unit
shipment in 2017 and is expected to grow due to
the high demand for energy efficient vehicles
across various regions. ICE vehicles are
steadily rising in the automotive ECU market as
they offer several benefits such as less noise,
vibrations, and lower costs. However,
International regulations for lowering carbon
dioxide emissions are restricting the ICE vehicle
market growth.
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U.S. Automotive Electronics Control Unit (ECU)
Market, By Propulsion Type, 2017 2024 (Million
Units)

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Major Companies in Automotive ECU Market

• Bosch Group
• Hitachi Automotive Systems
• Hyundai MOBIS
• Delphi Technologies
• Lear Corporation
• Johnson Control
• Continental AG
• Mitsubishi Electric Corporation
• Altera Corporation, and Magneti Marelli

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Industry Coverage

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Regional Insights in Automotive ECU Market

• The Europe automotive ECU market is expected to
  grow at a CAGR of over 5 from 2018 to 2024. The
  growth can be credited to the presence of large
  number of prominent automobile manufacturers in
  Germany, France, and Italy. In addition, the
  increasing government legislation and supportive
  policies are further expected to propel the
  automotive ECU market growth. For instance, in
  May 2018, the French government confirmed
  authorization of driverless car testing
  operations on open roads from the year 2019.
  Furthermore, increasing instances of
  public-private partnerships in several countries
  for automobile industry development are driving
  the automotive ECU market growth.

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