Global Automotive Electronic Control Unit Market to Ascend At 6.1% CAGR By 2023. Ascension in Automotive Industry to Supplement Automotive Electronic Control Unit Market Growth. Global Automotive Electronic Control Unit Market segmented By Type (Engine Control Unit, Brake Control Module, Engine Management System, Powertrain System, Climate Control System and Others), Vehicle Type (Passenger Vehicles and Commercial Vehicles) and Region.

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Market Highlights:

The global automotive electronic control unit market is very dynamic, and is expected to witness significant growth over the forecast period. The automotive electronic control unit is one of the most crucial vehicle parts that have been gaining a lot of attention among the major vehicle manufacturers. The automotive industry has become one of the major revenue generating industries and has come up with several technological advancements in the last few years. The automotive electronic control unit is one of them. The global automotive electronic control unit market has witnessed remarkable growth in the global market and is expected to grow at CAGR of ~6.1% during the forecast period.

The automotive electronic control unit performs an integral function within the engine as well as it enhances its efficiency to enable a smooth run of vehicle. The automotive electronic control unit majorly consists of components such as engine control unit, brake control module, engine management system, powertrain system, and climate control system. These components work very efficiently, transmitting the engine performance to the electronic control unit. The growth of the global automotive electronic control unit market is influenced by factors such as low emission & higher fuel efficiency, increasing sales of new vehicles, strict government regulations on reducing vehicles emission, technological advancements and emerging economies. A major hindering factor that could prevent the market growth is higher system cost. Furthermore, the growing demand for gasoline engine vehicles and increasing disposable income creates major market opportunities.

Automotive Electronic Control Unit Market Key Companies Studied In This Research Report:

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

Segmental Analysis:

The automotive electronic control unit market is studied for several segments to attain a detailed and insightful analysis. Market segmentation has been carried out on the basis of vehicle type, type, and region. Based on type, the global automotive electronic control unit market is segmented into brake control module, engine control unit, engine management system, climate control system, and powertrain systems. The powertrain segment is estimated to hold a dominant share of the global automotive electronic control unit market. Further, the engine management system segment is likely to witness fast-paced growth through the forecast period.

On the basis of vehicle type, market for automotive electronic control units is studied for the segments of passenger vehicles and commercial vehicles. Among these segments, the passenger vehicles segment is expected to hold a larger share of the global automotive electronic control unit market. This can be accredited to the upscaling of the automotive market. Further, the emergence of urbanization and rising disposable income of consumers has propelled the demand for advanced automobiles, fostering market growth.

Scope of the Report:

This study provides an overview of the global automotive electronic control unit market, tracking two market segments across four geographic regions. The report studies key players, providing a six year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive electronic control unit market by type, vehicle type and by regions.

Detailed Regional Analysis:

The automotive electronic control unit market has been segmented into the regions of North America, Europe, Asia Pacific and Rest of the World. Asia Pacific dominated the global automotive electronic control unit market at the beginning of the forecast period. The region is also expected to boast the same dominance through the forecast period. This can be accredited to the strict regulations levied by governments to curb vehicle emission. Moreover, elevating disposable income and increasing new vehicle registration are some of the factors supplementing the regional market growth.

North America is anticipated to garner the second-largest share of the automotive electronic control unit market over the conjecture period. Europe is set to fetch the third-largest market share owing to the presence of several market giants from the automotive industry.

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