Automotive ECU Market in ADAS segment to grow at 6.9% CAGR to 2024 - PowerPoint PPT Presentation

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Automotive ECU Market in ADAS segment to grow at 6.9% CAGR to 2024

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More Information @ The rise in automotive production coupled with increasing safety standards across the globe is anticipated to propel the automotive ECU market growth over the forecast timeline. – PowerPoint PPT presentation

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Title: Automotive ECU Market in ADAS segment to grow at 6.9% CAGR to 2024


1
Automotive Electronics Control Unit Market By
Application, Growth Potential Forecast, 2018
2024
2
Key Insights from Automotive ECU Market
  • Increasing installation of the advanced features
    and ADAS in autonomous and luxury vehicles is
    driving the automotive ECU market growth. Luxury
    vehicles deploy a large number of ECUs and offer
    advanced driving assistance benefits and 360º
    radar sensing.
  • A major transition observed in the ECU
    implementation in these vehicles includes control
    unit degradation that deactivates the unnecessary
    elements and eliminates optional GPS signals and
    offers low current consumption, improved safety,
    and electric function management.
  • The rise in automobile production across the
    globe to cater to the increasing population
    requirement is further creating several
    opportunities for the automotive ECU market
    growth.
  • The global automobile manufacturing market
    identifies smart connectivity and greener
    production initiatives, leading to an increased
    consumption of control units. Additionally,
    several favorable government reforms to control
    the road traffic and ensure driver safety drive
    the production of modern vehicles.

3
Continued
Passenger vehicles are expected to grow at around
6 CAGR in the automotive ECU market. These
vehicles include luxury cars that deploy the
highest number of ECUs owing to their
requirements for enhanced performance. Battery
Electric Vehicles (BEVs) automotive ECU market
accounted for over 30 share in terms of unit
shipment in 2017 and is expected to grow due to
the high demand for energy efficient vehicles
across various regions. ICE vehicles are
steadily rising in the automotive ECU market as
they offer several benefits such as less noise,
vibrations, and lower costs. However,
International regulations for lowering carbon
dioxide emissions are restricting the ICE vehicle
market growth.
4

Latest Research Report On Automotive ECU Market _at_
https//www.gminsights.com/industry-analysis/autom
otive-ECU-market-report Request for a sample
of this research report _at_ https//www.gminsights.c
om/request-sample/detail/109

5
U.S. Automotive Electronics Control Unit (ECU)
Market, By Propulsion Type, 2017 2024 (Million
Units)

6
Major Companies in Automotive ECU Market
  • Bosch Group
  • Hitachi Automotive Systems
  • Hyundai MOBIS
  • Delphi Technologies
  • Lear Corporation
  • Johnson Control
  • Continental AG
  • Mitsubishi Electric Corporation
  • Altera Corporation, and Magneti Marelli

7
Industry Coverage

8
Regional Insights in Automotive ECU Market
  • The Europe automotive ECU market is expected to
    grow at a CAGR of over 5 from 2018 to 2024. The
    growth can be credited to the presence of large
    number of prominent automobile manufacturers in
    Germany, France, and Italy. In addition, the
    increasing government legislation and supportive
    policies are further expected to propel the
    automotive ECU market growth. For instance, in
    May 2018, the French government confirmed
    authorization of driverless car testing
    operations on open roads from the year 2019.
    Furthermore, increasing instances of
    public-private partnerships in several countries
    for automobile industry development are driving
    the automotive ECU market growth.

9
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