According to a new report, published by KBV research, The Global Automotive Electronic Control Unit Market size is expected to reach $135.2 billion by 2028, rising at a market growth of 5.9% CAGR during the forecast period.
The Commercial Vehicle segment is showcasing a CAGR of 7.7% during (2022 - 2028). Accurate fuel consumption and emissions data, preferably in real-time, are needed to adequately plan strategies to reduce commercial vehicles' energy and environmental impacts. The on-board ECUs, which offer hundreds of vehicle and engine operating metrics, are one of the crucial sources of this data.
The 32-Bit segment acquired maximum revenue share in the Global Automotive Electronic Control Unit Market by Capacity in 2021 thereby, achieving a market value of $56.7 billion by 2028. The rise in demand for these components can be attributed to their favorable qualities, such as reduced design complexity and low energy usage. Additionally, the enhanced performance provided by these 32-Bit ECUs has increased their application in engine control systems, transmission control units, and automotive power tools.
The Battery Powered segment has shown the growth rate of 8% during (2022 - 2028). This results from greater public knowledge of fuel-efficient vehicles and government efforts to reduce pollution. Also, the development of infrastructure for EV charging and hydrogen fuelling stations, along with growing government incentives to encourage the use of electric vehicles, are accelerating the growth of the battery-powered car market.
The Powertrain segment is leading the Global Automotive Electronic Control Unit Market by Application in 2021 thereby, achieving a market value of $38.4 billion by 2028. Powertrain electronic control units are used to improve engine performance by regulating the vehicle's warning lights, valve timings, fuel injection, and spark timing. Additionally, the powertrain electric control modules have a number of beneficial qualities, such as being lightweight, small, and simple to install; as a result, these qualities promote their application in cars, aiding in the expansion of the industry.
The Asia Pacific market dominated the Global Automotive Electronic Control Unit Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $48.8 billion by 2028. The Europe market is exhibiting a CAGR of 5.2% during (2022 - 2028). Additionally, The North America market would showcase a CAGR of 5.4% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/automotive-electronic-control-unit-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Robert Bosch GmbH, Panasonic Corporation, Continental AG, Hitachi, Ltd. (Hitachi Astemo, Ltd.), Denso Corporation, HELLA GmbH & Co. KGaA, BorgWarner, Inc., ZF Friedrichshafen AG, and Autoliv Inc.
By Vehicle
By apacity
By Propulsion
By Application
By Geography
Companies Profiled
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