Automotive ECU Market to Exceed US$49 Billion Revenue by Year End 2032 at Steady CAGR to Help Reduce Carbon Footprints Worldwide
The global automotive electronic control unit market is expected to increase due to the increasing adoption of embedded ECUs. The North American ecu market was valued at around US$11.6 billion of global automotive ecu and during the forecast period, it will generate revenue of US$20.2 billion from here 2032.
NEWARK, Del, Nov. 02, 2022 (GLOBE NEWSWIRE) — The world automotive ECU market is expected to experience an opulent growth opportunity over the forecast period of 2022 to 2032 with a valuation likely to reach around US$29.9 billion in 2022 and the market is expected to exceed a valuation of around US$49 billion by the end of 2032. According to historical valuations, the global automotive ECU market was valued at approximately US$ 28.2 billion in 2021. The growth in previous years is attributed to the number of computer features in automobiles having increased at an exponential rate.
The global automotive ECU market grew at a CAGR of 6.1% over the past four years, from 2017 to 2021. At present, up to 2500 signals (i.e. basic information such as vehicle speed) are exchanged on five different types of networks by up to 70 electronic control units. This trend should continue. ECU sales in the automotive industry grow exponentially over the next decade.
Significant improvement in in-vehicle technologies has been witnessed owing to improved safety, convenience and comfort technologies in vehicles, as well as increased demand for hybrid and electric vehicles, which are the major growth factors of this market. Several functions of the computer are not autonomous, it is crucial that they communicate and store information with other functions.
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Key points to remember
National regulations and the annual inspection of sophisticated computers of a critical nature have forced manufacturers to move towards standardization of computers to minimize costs, such as the restriction of exhaust emissions or the imposition of active safety devices such as than ADAS and security systems.
Customers are constantly looking for more practical, easy-to-drive and safer automobiles, while automakers are willing to produce more inventive products. Although both are expensive, the built-in calculators seem to strike a good balance between cost and product innovation.
In recent years, the use of highly distributed automotive ECUs in vehicles has increased dramatically. When a large number of ECUs are mounted on a vehicle, the available space automatically becomes limited. This has led manufacturers to adopt integrated ECUs that handle many control functions from a single device to save weight and space.
The global automotive electronic control unit market is expected to increase due to the increasing adoption of embedded ECUs. From a telematics point of view, standardization is already a well-known issue in automotive electronics. This could create an opportunity for the ECU market to see significant revenue growth.
The ECU assemblies can be tuned in order to achieve the smooth performance of the vehicle and also help to improve the fuel efficiency of the vehicle. These upgraded models equipped with ECUs are the major reason for the growth of the market over the past decade.
The global automotive ECU market is expected to grow at a steady rate of 5.1% CAGR during the assessment period. The United States is expected to lead the global automotive ECU market by holding the largest market share throughout the analysis period, accounting for more than US$17.4 billion in absolute dollar opportunity over the past 10 coming years.
Automotive ECU manufacturers are rapidly establishing collaborations with other leading companies while launching new products in the ECU market.
The major companies operating in the automotive ECU market are Continental AG, Denso Corporation, Garmin Ltd., Harman International, Infineon Technologies AG, Robert Bosch GmbH, Delphi Technologies, Mitsubishi Electric Corporation, Johnson Electric Holdings Limited, Texas Instruments Incorporated, Panasonic, Aptiv, Verizon, Intel Corporation, Renesas Electronics Corporation, Microsoft Corporation, Kontron AG, ARM Limited, Fujitsu Limited, Microchip Technology Inc., Xilinx, STMicroelectronics, Sierra Wireless, Zhuhai ENPOWER Electric Co., Intellias Ltd, HYUNDAI MOBIS, Lear, Hitachi Astemo, Ltd., Marelli Holdings Co., Ltd. and BorgWarner Inc.
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More information on the Automotive ECU Market
The North American ecu market was valued at around US$11.6 billion of global automotive ecu and during the forecast period, it will generate revenue of US$20.2 billion from by 2032. The skyrocketing growth of the automotive ecu market in the region is attributed to the growing awareness of electric and battery-powered vehicles along with stringent government standards to drive the green mobility solution.
Several strict mandates have been issued by various governments of North American countries to reduce their carbon footprint and improve air quality, which has had a positive impact on the automotive ECU market.
The United States is expected to account for approximately US$17.4 billion of the global automotive electrical ECU market by 2032. Automotive ECU market growth from 2017 to 2021 was estimated at 5.8% CAGR. In the United States, the regulatory authority has adopted strict restrictions on fuel emissions as well as reinforced road safety protocols.
To reduce the carbon footprint and encourage the use of electric vehicles as an alternative to conventional automobiles, the United States has enacted strict rules. These actions are expected to drive market growth in the future.
Key segments covered in the Automotive ECU market study
By engine type:
By capacity in ECU:
16 bit ECU
32 bit ECU
By type of vehicle:
Middle East and Africa
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1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply-side trends
1.4. Analysis of the technology roadmap
1.5. Analysis and recommendations
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limits
3. Market Context
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