The Global Automotive ECU Market is expected to reach USD
45.98 billion by 2020, according to a new study by Grand View Research, Inc.
Increasing expenditure on R&D in order to lower the ECU costs is expected
to propel market growth over the forecast period. Stringent government
regulations for advanced safety features, facilitated by low-cost ECU
development are expected to fuel automotive ECU market growth. Recent
development in ECU technology is oriented towards making devices more
sophisticated. Proliferation of in-car infotainment systems in various segments
is expected to drive the automotive ECU market through the forecast period.
Continuous growth in the number
of embedded components used by automotive manufacturers has spotlighted new
opportunities for suppliers. Emergence of V2V and V2I connected systems is
expected to spur market growth through the forecast period.
High level of complexity due to
integration of automotive domains in order to combine individual ECUs into ECU
domains would pose a challenge to market growth. Growing consumer preference
towards sophisticated equipment in mid-sized vehicles such as high-end
communication & navigation systems is expected to yield opportunities for
the automotive electronics market.
Global automotive ECU market by application, 2012 - 2020
Browse full research report on Automotive
Ecu Market Analysis:
Further key findings from the report suggest:
- Safety &
security systems segment accounted for the majority of market share in
2013 and is further expected to generate high revenue through the forecast
period. Rising safety awareness among consumers is fueling the demand for
airbags and anti-lock breaking systems across various vehicle segments.
- Communication
& navigation systems application segment is expected to witness high
demand for automotive ECUs over the forecast period. This can be
attributed to advanced features such as in-car data storage,
eco-efficiency and sophisticated in-car features. Increasing emphasis on
road safety with connected systems is expected to be the key growth driver
for the segment.
- Asia Pacific
is expected to witness high growth due to rising safety installations and
increased manufacturing activities. Countries such as China and Japan are
expected to favorably impact regional market growth. Newly mandated
warning systems for onboard diagnostics systems that help owners to
monitor emissions is expected to drive the North America market.
- Prominent
companies operating in the automotive ECU market include Delphi, Bosch,
Continental AG, Denso, TRW Automotive, Autoliv, etc. Key market
participants invest heavily in R&D to offer product differentiation as
well as cost-effective ECUs by building technology partnerships with other
participants in the ecosystem.
No comments:
Post a Comment