The global automotive electronic control unit market size is expected to reach USD 156.0 billion by 2030, expanding at a CAGR of 5.9% from 2023 to 2030, according to a new report by Grand View Research, Inc. Hybrid and battery-powered vehicle sales are increasing due to rising consumer demand for commutes that release less carbon and reduce air pollution. Demand for electronic regulating devices like automotive electronic control units (ECUs) is driven by the growing adoption of automated driving, advanced driver assistance system (ADAS), infotainment, and other chassis electronics in internal combustion engine (ICE), hybrid and battery-powered vehicles.
Automotive Electronic Control Unit (ECU) Market Report Highlights
- The growing popularity of ADAS, including parking assistance, Adaptive Cruise Control (ACC), and Automatic Emergency Braking (AEB), has been driving the market growth
- The 32-Bit dominated the market with a revenue share of over 41.2% in 2022 due to the rising demand for these parts owing to their benefits, including reduced design intricacy and low energy usage
- The increased popularity of luxury vehicles, growth in disposable income, and an improvement in consumer lifestyle have been propelling the development of the passenger vehicle segment
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An Automotive Electronic Control Unit, commonly known as ECU, is a key component in modern vehicles that controls and manages various electrical systems. It is responsible for regulating and monitoring the engine, transmission, brakes, and other critical systems of a car. The ECU receives input from sensors placed throughout the vehicle and uses that information to make adjustments to ensure optimal performance, fuel efficiency, and safety. These adjustments can range from minor tweaks to complex calculations and adjustments in real-time. As vehicles become more technologically advanced, the role of the ECU will only continue to grow in importance, making it a crucial element in the automotive industry.
Additionally, the growing preference of consumers for technically advanced luxury vehicles is also anticipated to drive the growth of the automotive ECU market over the forecast period. Moreover, the deployment of ADAS systems, driver assistance, anti-lock brake systems, adaptable front lighting, and other features in passenger cars and larger vehicles is mandated by governments in many countries as part of attempts to improve road safety.
For instance, in January 2023, Continental AG partnered with Ambarella, Inc., a semiconductor design company. Collectively, the two businesses will create scalable, all-encompassing software and hardware systems based on Artificial Intelligence (AI) for supported and Automated Driving (AD) as a step toward autonomous mobility. By incorporating Ambarella’s energy-efficient System-on-Chip (SoC) architecture into its ADAS systems, the two companies will work together strategically. Additionally, customers’ increasing demand for luxury cars increases investment in R&D for automotive ECUs, which is anticipated to provide new growth prospects for the market.
Automobile manufacturers in the automotive electronic control unit market are being encouraged to create and incorporate advanced systems into their vehicles by the expanding demand for personal vehicles and the rising disposable income of consumers in emerging countries around the world. They are implementing advanced automotive electronic systems for managing and maintaining the performance of these systems, which is anticipated to drive the market’s expansion for automotive electronic controls.
For instance, in March 2022, Vitesco Technologies, an automotive company, partnered with Vector Informatik, a software tools manufacturer. The partnership aims to expedite software development in the area of coordinated vehicle movement using a centralized master controller. A central vehicle management system based on hardware and software that is almost ready for production is already being created for a significant German automaker as part of the ongoing partnership deal between Vitesco Technologies and Vector.
However, the rise in faults in automotive electronic control units in vehicles, causing unintended interruptions and serious accidents, is having a detrimental impact on the market for automotive electronic control units. Additionally, it is estimated that the market’s growth would be constrained by the high prices associated with the programming and installation of electronic control units as well as the repair of electronic control units. These factors are expected to hamper the growth of the automotive electronic control unit industry.
Automotive Electronic Control Unit (ECU) Market Insights By Region
Asia Pacific region dominates the automotive ECU market with a revenue share of over 49% in 2022, owing to the increase in demand for passenger-car entertainment and communication apps. The automobile industry is expanding rapidly in countries such as South Korea, India, and China which creates several opportunities to integrate ECU into the new car. North America market is expected to exhibit the highest growth. Owing to the increase in the installation of electronic systems in light commercial vehicles, passenger cars, and SUVs. The demand for energy-efficient automobiles and stringent government regulations to reduce carbon emissions are also propelling the growth of the automotive electronics industry.
Competitive Analysis By Major Companies
Businesses are utilizing a plethora of advanced technologies and spending a significant amount on research and development to launch new items and expand existing product lines. Moreover, to increase revenues and solidify their market position, these businesses use a variety of growth tactics, including mergers, acquisitions, collaboration, and partnerships. Some prominent players in the global automotive electronic control unit market include:
- Robert Bosch GmbH
- ZF Friedrichshafen AG
- Autoliv Inc.
- Continental AG
- Delphi Technologies
- Denso Corporation
- Hella KGaA Hueck & Co. (Hella)
- Panasonic Corporation
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Grand View Research has segmented the global automotive electronic control unit market based on capacity, vehicle type, application type, propulsion type, and region.
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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