Vehicle Control Unit Market worth $10.4 billion by 2027

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MarketsandMarkets Presents

Vehicle Control Unit Market worth 10.4 billion
by 2027
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ehicle-control-unit-market-129471634.html
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The report "Vehicle Control Unit Market by
Vehicle Type, Component (Hardware Software),
Propulsion Type, Voltage (12/24V 36/48V),
Capacity (16, 32, 64-bit), Electric
Two-Wheeler, Communication Technology, Function,
and Region - Global Forecast to 2027",
MarketsandMarkets The global vehicle control
unit market is projected to grow from USD 2.9
billion in 2019 to reach USD 10.4 billion by
2027, at a CAGR of 17.1. The growth of the
vehicle control unit market can be attributed to
the growing adoption rate of electric vehicles.
Technological advancements in vehicle
electronics, battery management systems, body
control, and infotainment functions, ADAS,
autonomous driving technology, and
electrification of automotive components along
with the need of compact integrated vehicle
systems are some of the major factors driving the
growth of vehicle control unit. Thus, the vehicle
control unit market is expected to witness a
significant increase in the future. Browse 50
market data Tables and 30 Figures spread
through 150 Pages and in-depth TOC on "Vehicle
Control Unit Market Get The PDF Brochure For
This Report _at_ https//www.marketsandmarkets.com/pd
fdownloadNew.asp?id129471634
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Asia Pacific is expected to lead the global
market during the forecast period Asia Pacific
is expected to be the fastest-growing and the
largest vehicle control unit market in the world.
The market growth in the region can be attributed
to the large electric vehicle sales volume in the
region. Considering the large EV sales volume and
continuous technological advancements in the
battery management systems, automotive features,
body control, and infotainment functions and
innovative charging solutions, China is expected
to lead the vehicle control unit market in the
Asia Pacific region. The software segment is
expected to grow at the highest CAGR The
software segment is expected to be the fastest
market. Software can be reprogrammed over the air
(OTA) using SOTA and FOTA protocols. Due to this,
VCU is very flexible and can fit into any vehicle
system with the help of required programming.
Currently, all the VCU providers in the market
are using their basic software in their VCUs.
However, software can be reprogrammed easily
using platforms such as MATLAB and Simulink. This
makes the system much more flexible, as the
company can roll out software updates over the
air. Thus, just like most other electronic
systems, hardware might get standardized in the
future, and companies would roll out their
software, designed predominantly for their
vehicles.
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Europe Germany is expected to lead the European
market The European region is estimated to be
the second-fastest-growing market during the
forecast period, after Asia Pacific. The region
is a hub to major players such as Robert Bosch
GmbH (Germany), Continental AG (Germany),
STMicroelectronics (Switzerland), IET SPA
(Perugia), Rimac Automobili (Croatia), and AIM
Technologies (England). Europe is a key region
for innovations, significant RD, and
technological advancements in electric vehicles,
vehicle electronics, advanced automotive systems,
and charging solutions. Germany is the largest
market in Europe, followed by France. Germany,
which is said to be the automotive hub of the
world, is home to many established vehicle as
well as VCU manufacturers and also has a higher
EV adoption rate. The increasing demand for
advanced automotive features in electric vehicles
and electrification of automotive components are
driving the vehicle control unit market in
Europe. The global vehicle control unit market
is dominated by major players such as Robert
Bosch GmbH (Germany), Continental AG (Germany),
Texas Instruments (US), Mitsubishi Electric
Corporation (Japan), and STMicroelectronics
(Switzerland). Request for Sample Pages _at_
https//www.marketsandmarkets.com/requestsampleNew
.asp?id129471634
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• Critical Aspects
• VCU manufacturers have partnered with electric
  vehicle manufacturers for technology sharing. How
  will this transform the overall market?
• How will fast-paced developments in software and
  hardware by leading manufacturers change the
  dynamics of this market?
• The industry is focusing on different
  communication technologies and protocols. Which
  are the leading companies working on it, and what
  organic and inorganic strategies have been
  adopted by them?
• Analysis of your competition that includes major
  players in this market and ecosystem. The major
  players are Autonomous Solutions Inc. (US), IET
  SPA (Perugia), PI Innovo (US), PUES Corporation
  (Japan), and Ecotrons (US), among others.  
• To speak to our analyst for a discussion on the
  above findings, click Speak to Analyst

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ehicle-control-unit-market-129471634.html
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