The global automotive electronic control unit market size is expected to hit US$ 92.90 billion by 2027, with a CAGR of 4.3% over forecast period 2020 to 2027. The global automotive electronic control unit market size was valued at USD 66.33 Billion in 2019.
Rising adoption for autonomous driving features and technologies such as Automatic Emergency Braking (AEB), Adaptive Cruise Control (ACC), park assist, blind-spot detection, and Lane Departure Warning (LSW) systems propel the market growth significantly. Further, increasing demand for fuel-efficient self-driving cars, Electric Vehicles (EVs), and vehicle-to-vehicle communication technology expected to flourish the growth of electronic control units market in the coming years. As the rise in electronic control units (ECUs) per vehicle decreases the efficiency, thus various automotive players are collaborating with Original Equipment Manufacturers (OEMs) consolidating ECUs without affecting their functionalities. This subsequently decreases weight of vehicle as well as saves space in the vehicle that in turn reduces the fuel consumption. For instance, in June 2017, Sasken Technologies Ltd. introduced hypervisor-based consolidator for visualizing both cluster and infotainment systems. The main motive behind ECU consolidation is to provide a single enhanced version of ECU that can control multiple functions.
Propulsion Type Insights
Internal Combustion Engine (ICE) vehicles led the global automotive electronic control unit (ECU) market with significant revenue share proportion in the year 2019, accounting for nearly 96%. Further, the segment expected to dominate the overall automotive ECU market during the forecast period. This is majorly attributed to the rising production of ICE vehicles across developing countries especially in China and India. However, the segment projected to exhibit minimal growth rate over the analysis period due to increasing penetration of electric and hybrid vehicles.
Hybrid vehicles anticipated to flourish prominently with remarkable CAGR over the forecast period owing to low carbon emission, enhanced fuel efficiency, and extended driving range. On the contrary, battery-powered vehicle encountered the fastest growth in the coming years. The segment growth is mainly because of the increasing government initiatives to control pollution along with rising consumer awareness for energy-efficient vehicles.
Vehicle Type Insights
Passenger cars is the most promising segment that dominated the global automotive ECU market and likely to expand at an attractive CAGR during the forecast period. The passenger cars segment accounted for around 87% of the revenue share in the overall market in the year 2019. Besides this, the global automotive industry witness a shift in consumer preference for hybrid and luxury vehicles with advanced safety and electronic features. Luxury vehicles seek high implementation of ECUs x compared to other vehicles owing to high demand for advanced features supporting their vehicle management systems. On an average, 15-20 ECUs are deployed in a standard car whereas the number of ECUs crosses 100 in a premium or luxury cars. Rise in purchasing power along with improved lifestyle has triggered the growth of premium luxury cars.
Automotive ECUs are used in various applications that include powertrain electronics, chassis electronics, ADAS &Safety System, infotainment systems, and others. ADAS & safety system application led the global automotive ECU market accounting for a revenue share of around 34% in the year 2019. It includes monitoring and control features such as LDW, ABS, AEB systems, Tire Pressure Monitoring System (TPMS), blind-spot detection, and Electronic Stability Control (ESC).
On the other hand, Infotainment application predicted to emerge as the rapidly growing segment during the forecast period. The prime factor driving the growth of the segment is increasing demand for in-vehicle infotainment systems. In addition, luxurious cars or smart vehicles incorporate advanced ECUs that provide a combination of both information and entertainment to offer enhanced in-vehicle experience.
The Asia Pacific emerged as the global leader in the global automotive ECU and accounted for more than half of the overall revenue share in 2019. In addition, the region poised to grow at the fastest growth rate over the forecast period. The significant growth of the region is primarily due to rising demand for in-vehicle communication and infotainment applications in passenger vehicles. Moreover, the rapid growth of China in the market is mainly driven by the significant growth of automotive industry in the country that offers ample opportunity for the incorporation of ECU in the new vehicles. Increasing population along with the rising disposable income again triggered the growth of automotive ECU in the region.
Key Companies & Market Share Insights
The global automotive electronic control unit market offers significant opportunity for the technical advancement and research & development, offering market players significant opportunity to enhance their product portfolio. Increasing adoption of electric and hybrid vehicles induces lucrative growth opportunity for the market players by upgrading their product or developing a new product. Additionally, the market participants are increasingly focused towards collaboration and strategic alliance with the other automotive component manufacturers to strengthen their foothold in the industry.
Some of the prominent players in the automotive electronic control unit market include:
Segments Covered in the Report
This research study predicts market revenue and its growth rate at global, regional, and country levels and gives inclusive scrutiny of the newest industry drifts in all of the sub-segments from 2016 to 2027. This report categorizes the global automotive electronic control unit market depending on different parameters such as propulsion type, vehicle type, capacity, application, and region:
By Propulsion Type
By Vehicle Type
By Regional Outlook
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