A MarketResearch.biz report titled, “Global Automotive Electronic Control Unit Market by Application, Sales Channel, Vehicle Type, and Region - Global Forecast to 2027” offers a holistic view of the global automotive electronic control unit market through systematic segmentation that covers every aspect of the target market. The first five-year cumulative revenue (2018-2022) is projected to be $207.9 Billion, which is estimated to increase moderately over the latter part of the five-year forecast period.
Automotive electronic control units are embedded systems or microcomputers, which can control the functions related to engines, ADAS (Advanced Driver Assistance Systems, and infotainment systems, using the information received from installed sensors and components in a vehicle.
Takeaways
- Increasing production and sales of vehicles along with stringent government regulations related to passenger safety and vehicle emissions is a key factor expected to drive growth of the global automotive electronic control unit market over the forecast period.
- Increasing complexities in devices is expected to restrain growth of the global market over the forecast period. In addition, higher cost of automotive electronic control unit is another factor expected to hamper growth of the global market over the forecast period.
- Increasing demand for hybrid and electric vehicles is increasing along with need for advanced driver assistance features are projected to create potential revenue opportunities for players operating in the target market over the forecast period.
- The safety and security segment is expected to account for highest revenue share among the application segments in the global automotive electronic control unit market, which is projected to expand at highest CAGR of over 6.5% over the forecast period.
- The Original Equipment Manufacturer (OEM) segment is expected to be fastest growing sales channel segment in the global automotive electronic control unit market with a CAGR over 6.5% between 2018 and 2027.
- The passenger cars segment is expected to be fastest growing vehicle type segment in the global automotive electronic control unit market with a CAGR over 6% between 2018 and 2027.
- The market in Asia Pacific accounted for highest revenue share in the global automotive electronic control unit market in 2017 and is expected to register a CAGR over 6.5% between 2018 and 2027.
- Rapidly growing automotive industry across various countries in this region is expected to drive growth of the target market in Asia Pacific region.
For more details, browse the “Global Automotive Electronic Control Unit Market” report.
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