The
Global Automotive ECU Market is expected to reach USD 45.98 billion by 2020,
according to a new study by Grand View Research, Inc. Increasing expenditure on
R&D in order to lower the ECU costs is expected to propel market growth
over the forecast period. Stringent government regulations for advanced safety
features, facilitated by low-cost ECU development are expected to fuel
automotive ECU market growth. Recent development in ECU technology is oriented
towards making devices more sophisticated. Proliferation of in-car infotainment
systems in various segments is expected to drive the automotive ECU market
through the forecast period.
Continuous
growth in the number of embedded components used by automotive manufacturers
has spotlighted new opportunities for suppliers. Emergence of V2V and V2I
connected systems is expected to spur market growth through the forecast
period.
High
level of complexity due to integration of automotive domains in order to
combine individual ECUs into ECU domains would pose a challenge to market
growth. Growing consumer preference towards sophisticated equipment in
mid-sized vehicles such as high-end communication & navigation systems is
expected to yield opportunities for the automotive electronics market.
In depth research report on Automotive ECU Market
Further key findings from the study suggest:
·
Safety & security systems
segment accounted for the majority of market share in 2013 and is further
expected to generate high revenue through the forecast period. Rising safety
awareness among consumers is fueling the demand for airbags and anti-lock
breaking systems across various vehicle segments.
·
Communication & navigation
systems application segment is expected to witness high demand for automotive
ECUs over the forecast period. This can be attributed to advanced features such
as in-car data storage, eco-efficiency and sophisticated in-car features.
Increasing emphasis on road safety with connected systems is expected to be the
key growth driver for the segment.
·
Asia Pacific is expected to
witness high growth due to rising safety installations and increased
manufacturing activities. Countries such as China and Japan are expected to
favorably impact regional market growth. Newly mandated warning systems for
onboard diagnostics systems that help owners to monitor emissions is expected
to drive the North America market.
·
Prominent companies operating
in the automotive ECU market include Delphi, Bosch, Continental AG, Denso, TRW
Automotive, Autoliv, etc. Key market participants invest heavily in R&D to
offer product differentiation as well as cost-effective ECUs by building
technology partnerships with other participants in the ecosystem.
For
the purpose of this study, Grand View Research has segmented the global
automotive ECU market on the basis of application and region:
Automotive ECU Application Outlook (Revenue, USD
Billion, 2012 - 2020)
·
Powertrain
·
Chassis Electronics
·
Safety & Security
·
Entertainment
·
Communication & Navigation
Automotive ECU Regional Outlook (Revenue, USD
Billion, 2012 - 2020)
·
North America
·
U.S.
·
Mexico
·
Europe
·
Germany
·
UK
·
Asia Pacific
·
China
·
India
·
Japan
·
RoW
·
Brazil
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About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
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