In 2020, the market for automotive electronic control units (ECUs) was estimated to be worth US$ 31.1 billion, with a compound annual growth rate (CAGR) of more than 6.4 percent.
Automotive ECUs are embedded systems in automotive electronics that aid in the regulation of different electrical systems in automobiles. It controls a variety of features, including keyless entry, power and engine steering, power windows, heating, ventilation, air conditioning (HVAC), and more. It also regulates passive and active safety measures like airbags and the automated emergency braking system.
According to recent research, the Automotive ECU industry is expected to develop significantly between 2021 and 2031. Due to increased acceptance of autonomous driving technology like Automatic Emergency Braking (AEB), Adaptive Cruise Control (ACC), park assist, blind-spot detection, and Lane Departure Warning (LSW) systems, the industry will see considerable expansion in the future years.
Automotive Manufacturers are expected to fuel demand for the Automotive ECU Market by increasing demand for luxurious and smart vehicles.
Factors such as rising demand for in-vehicle infotainment systems, rising desire for smart and luxurious automobiles, and automotive manufacturers who use ECUs and construct linked car systems are all contributing to this trend. Such factors are expected to drive demand for automotive ECUs in the next years.
The use of enhanced convenience, safety, and comfort systems in vehicles has expanded over time, as has the demand for Hybrid Electric Vehicles (HEV) and Battery Electric Vehicles (BEV), which fuels the automotive ECU market.
Who are the Major Automotive ECU Market Vendors?
The following are some of the main vendors and firms in the Automotive ECU market:
- Robert Bosch GmbH
- Continental AG
- ZF Friedrichshafen AG,
- Mitsubishi Electric
- Denso Corporation