Automotive Electronic Control Unit Market | Growth and Analysis
Trends, Drivers and Vendor Forecasts for 2021-2025
Automotive electronic control unit market is set to post an incremental growth of $ 25.47 bn during 2021-2025. The market will decelerate at a CAGR of almost 11.24% during the forecast period. Our analysts provide a detailed understanding of the market focusing on the latest trends, and drivers that are likely to impact growth. This analysis will enable business leaders to strategize and plan for further growth of their business.
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Automotive Electronic Control Unit Market: Market Segments and Key Trends
This research report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth. The market is segmented by Application (Safety systems, Chassis electronics, Powertrain, Communication and navigation, and Entertainment) and Geography (APAC, Europe, North America, South America, and MEA). 54% of the market growth will originate from APAC during the forecast period. However, data security concerns is one of the challenges that will need to be overcome to drive growth.
Automotive Electronic Control Unit Market: What are the Growth Drivers?
One of the primary factors that will drive market growth is the declining price of sensors. The automotive electronic control unit market report provides an understanding of this and all the other drivers that are likely to impact market growth. These insights will enable clients to design growth strategies that will leverage opportunities and neutralize challenges effectively.
Vendor Analysis: Aptiv Plc, Autoliv Inc. and Continental AG are key growth contributors
The market is fragmented. The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Aptiv Plc, Autoliv Inc., Continental AG, DENSO Corp., Hitachi Ltd., Magna International Inc., MAHLE GmbH, Mitsubishi Electric Corp., Robert Bosch GmbH, and ZF Friedrichshafen AG are some of the major market participants.
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Automotive Electronic Control Unit Market: Key Highlights of the Report for 2021-2025
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Automotive Electronic Control Unit Market Size to Grow by $ 10.94 bn During 2020-2024
Technavio has been monitoring the automotive electronic control unit market and it is expected to grow by $ 10.94 bn, accelerating at a CAGR of almost 5% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Automotive Electronic Control Unit Market: APAC to lead market growth during the forecast period
Automotive Electronic Control Unit Market: Key Competitors
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Aptiv Plc, Autoliv Inc., Continental AG, DENSO Corp., Hitachi Ltd., Magna International Inc., MAHLE GmbH, Mitsubishi Electric Corp., Robert Bosch GmbH, and ZF Friedrichshafen AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
For more insights on this market: Download a Free Sample Report
Automotive Electronic Control Unit Market: Key Highlights of the Report for 2020-2024
Technavio has been monitoring the global automotive electronic control unit market and it is expected to grow by USD 10.94 billion accelerating at a CAGR of almost 5% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report
Automotive Electronic Control Unit Market: Segmentation by Application
During 2019, the safety systems segment accounted for the major share of the Automotive Electronic Control Unit Market. The demand for safety features in vehicles is increasing owing to the imposition of legislation, mandating the installation of safety systems in automobiles. Active safety systems such as advanced emergency braking system (AEBS), tire pressure monitoring system (TPMS), and park assist system (PAS) receive communication from a sensor with the help of automotive ECUs. Hence, regulations mandating the incorporation of several safety systems is driving the demand for automotive ECUs. This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive electronic control unit market size.
Automotive Electronic Control Unit Market: Segmentation by Geography
APAC was the largest automotive electronic control unit market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The technological advances in commercial vehicles and the rising demand for export-oriented production of automotive components will significantly drive the automotive ECU market growth in this region. 61% of the market’s growth will originate from APAC during the forecast period, with China, Japan, South Korea (Republic of Korea), and India being the key markets for automotive electronic control units. Market growth in this region will be faster than the growth of the market in other regions.
Automotive Electronic Control Unit Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Aptiv Plc, Autoliv Inc. and Continental AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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