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Automotive ECU Market for Autonomous vehicle segment to surpass US$ 7+ billion by 2024

Author : Ronak Bora | Published Date : 2019-05-03 

Semi-autonomous vehicles in the automotive ECU market are expected to witness a rapid growth over the forecast timeline owing to the driving assistance features. These vehicles that incorporate the ECUs offer advantages such as critical safety functions, little human input, and better fuel efficiency. The growing demand for the vehicles is being witnessed in several regions such as Europe and North America due to the strong presence of global automobile players.

The adaptive cruise control feature in the vehicles automatically adjusts the speed of the vehicle to maintain a safe distance from the nearby objects thereby supporting the automotive ECU market demand.

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Commercial vehicles are witnessing a rise in the implementation of control units, which is further driving the automotive ECU market growth. Major control unit functions in commercial vehicles, such as trucks and agricultural vehicles, include transition lighting, higher current, and sensing accuracy for smaller loads.

Industry Growth drivers:

1   Increasing demand for safety and comfort features in cars in North America

2   Rising demand for electric vehicles in North America and Europe

3   Increasing integration of advanced features in luxury vehicles in North America and Europe

4   Rising production of autonomous and semi-autonomous vehicles in Europe and Asia Pacific

5   Technological advancements in the electronics industry in Asia Pacific

6   High automotive production coupled with rising safety standards in Asia Pacific

7   Growing awareness of energy efficient cars in Asia Pacific and Latin America

8   Rising installation of infotainment systems in vehicles in Latin America and MEA

The North America automotive ECU market has experienced a high demand due to innovations in the autonomous vehicle technology. Increasing automated and self-driving vehicle testing projects in the U.S. are driving the automotive ECU market growth. Additionally, favorable government permits for carrying out the test procedures are accelerating the development of automated technologies.

The Asia Pacific automotive ECU market is expected to grow rapidly due to factors such as developments in the automotive industry and increasing requirements of the population for automobiles in countries including China and India. The economies are witnessing a significant growth in the sales of HEVs, further accelerating the ECU demand.

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The 32 -bit controller segment in the automotive ECU market is expected to witness growth from 2018 to 2024. The controller components are mainly deployed in vehicles parts owing to the associated benefits that include lower power requirements and design simplifications.

Automotive Electronics Control Unit (ECU) Market By Mode

  • Autonomous
  • Conventional
  • Semi-autonomous

Automotive Electronics Control Unit (ECU) Market By Propulsion Type

  • BEVs
  • Hybrid Vehicles
  • ICE Vehicles

Automotive Electronics Control Unit (ECU) Market By Application

  • ADAS & Safety
  • Body Control & Comfort
  • Infotainment & Communication
  • Powertrain

The conventional control units integrating 8-bit and 16-bit controllers have complex designs as compared to the advanced 32-bit options. Several automotive functions are supported by innovative controllers such as power tool processing, in-vehicle transmission, and modified engine management. Additionally, the trend of ECU miniaturization that lowers hardware costs and simplifies the design is further driving the automotive ECU market.

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Companies operating in the global automotive ECU market include Bosch Group, Denso Corporation, Delphi Technologies, Hyundai MOBIS, Hitachi Automotive Systems, Altera Corporation, Texas Instruments, Lear Corporation, Johnson Control, Panasonic Corporation, Voxx International Corporation, and Calsonic Kansei Corporation. The participants are increasingly adopting low-pricing strategies to cater to the major OEMs and create entry barriers for new players in the automotive ECU market. These companies are developing a competitive cost structure by increasing the product efficiency and minimizing the market complexity.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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