The global body control module market size was reached at USD 32.79 billion in 2022 and is projected to hit around USD 44.11 billion by 2032, growing at a CAGR of 3.01% during the forecast period from 2023 to 2032.
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The rapidly increasing demand for driving comfort and safety necessitates the development of cutting-edge vehicle electrical system architecture, influencing the growth of the body control module market. BCM is a comprehensive system that uses the vehicle bus to communicate and integrate the work of all electronic modules. The body control module's primary function is to control load drivers and coordinate the activation of auto electronics units.
In Addition, trending growth in the BCM market is owed to the rise in the adoption of advanced technologies in the automobile segment, the growing share of hybrid and electric vehicles, automated and electronic components, and software contents in vehicles boosting the market growth. Moreover, the key market players are working on different combinations of microcontrollers to make the body control module a perfect fit for any model. This trend is expected to drive the market in the forecast period.
The body control module is a unit or group of teams that controls three broad categories of features: interior and exterior lighting, security, and comfort. BCM is one of the most innovative automotive modules, and V2V and V2X connectivity are some of the critical drivers of innovation in the automotive industry regarding body electronics.
Another driver of such ongoing evolution in BCM is consumer demand for driving comfort and driver and passenger safety. Such market demands are heavily influencing the growth of the body control module.
A few keywords that define the future of the body control module market
| Report Coverage | Details |
| Market Size in 2023 | USD 33.78 Billion |
| Market Size by 2032 | USD 44.11 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 3.01% |
| Largest Market | Asia Pacific |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Functionality, By Component, By MCU Bit Size, By Vehicle Type, By Communication Protocol, By Distribution Channel, and By Vehicle Type |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America and Middle East & Africa |
Covid 19 Impacts:
The outbreak of COVID-19 had a negative impact on the body control module market. However, automobile manufacturing is expected to recover once the COVID-19 pandemic is contained and the region's chip shortage is resolved. COVID-19 significantly impacted automobile new vehicle sales, particularly in February 2020. For instance, vehicle sales in China fell by 92% in February. Furthermore, total vehicle sales in European countries fell by 7.4% compared to last year. In Addition, many automobile industries in India, such as TV and Mahindra, have halted production sales due to the lockdown, and many sectors have been affected.
Moreover, with government assistance, businesses have increased their sales and invested in electric vehicle production. Such initiatives are expected to drive market growth during the forecast period. Additionally, The COVID-19 pandemic has shattered consumers' and businesses' confidence in future economic prospects. The lack of knowledge about this novel coronavirus, at least in the early stages of the pandemic, has added to the uncertainty about the pandemic's duration and severity.
Drivers: Embedded body control module solutions
One of the significant trends defining automotive development is the growing role of embedded software. The small size of these systems drives the demand for complex embedded automotive solutions. By 2021, the embedded software development market will be worth $233 billion. Advanced fleet management video telematics and embedded electronics enable automakers to install new location navigators in vehicles, diagnose symptoms of potential malfunctions, and avoid premature mechanical part replacement.
Restrains: One of the factors impeding the growth of the body control module market is the increasing cost pressures OEMs face
Due to dynamic regulations imposed on various vehicle components, OEMs are under enormous cost pressure. Stringent emission standards, massive R&D investments, market competition, and evolving customer demands contributed to OEMs' high-cost forces. Because of the competitive market, they must bear the increase in vehicle costs and cannot pass these costs on to end users.
Significantly, because they must limit production costs to meet demand while also providing high-quality products, they are liable for any such product failures or recalls, which can impact the bottom line. These factors may hamper market growth during the forecast period.
Trends: One critical body control module market trend driving growth is the increasing demand for small and reliable BCMs
Primarily, the design of automotive BCMs has become increasingly complex in design. Despite using multiple BCMs to compensate for the increasing electronic content in vehicles, the demand for small BCMs is growing. Furthermore, with continuous market improvement and innovation, BCM manufacturers have begun producing small and dependable BCMs for automobiles. As a result, the trend of constant innovation and rising demand for small and reliable modules will positively impact the global body control module market during the forecast period.
The rise in demand for automotive components, followed by stringent safety regulations imposed by the government on the automotive industry, the increase in body electronic functions in modern vehicles, and the rise in demand for advanced safety, comfort, and convenience features in vehicles are some of the major factors driving the growth of the body control module market. Aside from that, an increase in module complexity may impact the market. Furthermore, the increased demand for advanced driver assistance features and the rise in demand for electric and hybrid vehicles worldwide create market opportunities.
High-end BCM dominated the market in 2022
The high-end BCM dominates the market in 2022. The increased demand for concierge body function inside the vehicles and handling such a critical function is imposing OEMs to use high-end body control modules in vehicle models. BCM is installed with a higher configuration microcontroller. High BCM is used in exterior interior lightings, central locking systems, seat adjustments, and windshield wipers.
CAN segment dominates the body control module market
The body control module market is divided into two segments: local interconnect network (LIN) bus and Controller Area Network (CAN) bus. The CAN bus has dominated the global market as the internet of things (IoT) and connected car technologies have grown, as have cloud computing technologies. Furthermore, the market can be divided into MCVs and HCVs, LCVs, and passenger cars based on application. During the forecast period, the passenger car segment is expected to grow at a faster rate due to increased demand for passenger cars in both developing and developed countries.
The growing use of embedded software boosting the market growth
One of the significant trends defining automotive development is the growing role of embedded software. The small size of these systems drives the demand for complex embedded automotive solutions. By 2021, the embedded software development market will be worth $233 billion. Advanced fleet management video telematics and embedded electronics enable automakers to install new location navigators in vehicles, diagnose symptoms of potential malfunctions, and avoid premature mechanical part replacement.
Embedded solutions and the Internet of Things (IoT) are also widely used in developing body control modules. Today, embedded software is used to create two types of BCM architectures: centralized and distributed. When compared to distributed architectures, which are built with a smaller number of modules and more communication interfaces, centralized architectures require fewer modules with high functionality. Although a distributed BCM architecture is more flexible, it cannot optimize an ECU with a centralized structure.
Light-duty vehicles will dominate the market in 2022
Light-duty vehicles dominate the market in 2022. Light duty vehicles have fuel-efficient engines, and they contain low operating costs, making technology advancements that have transformed patient monitoring and treatment tools and the anesthetic record itself. Light-duty vehicles have a gross vehicle weight rating (GVWR) of less than 8,500 pounds.
Light-duty vehicle demand is expected to grow due to the lower volume of air pollutants they emit. Stringent regulations aimed at reducing vehicular emissions, on the other hand, are expected to encourage the adoption of light-duty electric trucks, thereby driving market growth over the forecast period.
Asia Pacific region dominated the market in 2022
Asia Pacific dominates the body control module market. Asia Pacific countries such as India, China, South Korea, and others are among the top producers of automobiles. Over the forecast period, the Chinese automotive industry is expected to grow tenfold. The demand for body control modules is expected to rise in the coming years due to increased vehicle production and the incorporation of more electronic units.
Europe is expected to maintain high volume and value growth in the body control module market, followed by North America. Though the concept of electric vehicles is still in its infancy in the Eastern European region, market movements have been observed, particularly in the Russian and Polish economies, which can aid in the growth of the body control module market. The body control module market is expected to grow moderately in Japan and Latin America.
Segments Covered in the Report:
By Functionality
By Component
By MCU Bit Size
By Vehicle Type
By Communication Protocol
By Distribution Channel
By Vehicle Type
By Geography
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