17-May-2021 | Facts and Factors
As per a recently issued market research report by Facts & Factors, the global ECU Market was registered at about USD 70.09 Billion with a sales value projected to hit around USD 95.53 Billion by the end of 2026 and is expected to register an excellent 5.48% CAGR during 2021 to 2026.
Raised concerns about vehicular incidents have led several groups of consumers and government bodies alike to push the automobile industry toward the betterment of their safety-related services. This gave rise to the ECU market. An ECU is an onboard computer that monitors and regulates the internal workings of a vehicle and marks the parameters that are well over the safety standards. This makes the automobile equipped with an ECU safer and more reliable to drive. In the beginning, due to less advancement in technology, a number of ECUs were required in order to make the system foolproof. However, with improvements integrated ECUs can handle the function of the latter from a single ECU unit.
Increased pressure from regulated bodies, stringent government policies aimed at better safety practices as standards, and international efforts have widened the growth of the ECU market to a greater extent. The EU and China recently launched the New Car Assessment Program (NCAP) that made it a standard feature to automotive emergency braking systems and lane departure warning systems from the next batch of production. Over the next decade, the advent of AI will take over the automotive industry with autonomous driving being treated as the next step in driving reliably, the ECU market is augmented to expect a further boost in growth.
Top Market Players
Some of the major players in the ECU market are Johnson Control, Lear Corporation, Robert Bosch GmbH, Magneti Marelli S.p.A., and OMRON Automotive Electronics Co, among others.
Market Dynamics
The automobile industry is on the verge of the adoption of telematics and human interface ECU module with a further trend of cab sharing services in the fold. Key players in the mix such as Volvo have begun laying an added emphasis on advanced features like collision prevention application in their standard models. This feature has led to advancements in technologies such as advanced blind spot detection and automated emergency braking systems. ECUs have been plugged into major components in the automobile body such as engine control regulation and battery management system making them an even more crucial part of the ecosystem. Companies like BMW are looking to update almost 70% of their automotive portfolio with AR-enabled dashboards.
The vehicle type segment can be disintegrated into passenger vehicles, commercial vehicles, and others. The other category can be further split between utility vehicles. The passenger vehicles account for the larger market share in the segment due to the higher production and usability of the latter. Passenger vehicles account for the larger market share in the general sense which makes them a viable option for upgrading the existing and future range of vehicles with an updated ECU system.
Report Scope
Report Attribute |
Details |
Market Size in 2020 |
USD 70.09 Billion |
Projected Market Size in 2026 |
USD 95.53 Billion |
CAGR Growth Rate |
5.48% CAGR |
Base Year |
2020 |
Forecast Years |
2021-2026 |
Key Market Players |
Johnson Control, Lear Corporation, Robert Bosch GmbH, Magneti Marelli S.p.A., OMRON Automotive Electronics Co, and Others |
Key Segment |
By Capacity, Vehicle Type, Application, Propulsion Type, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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The propulsion type segment can be split between ICE, battery-powered, and hybrid. The ICE segment is projected to occupy the larger maker share in the category owing to the immense popularity of the subcategory. However, the electric and hybrid ecosystem is expected to witness equally high growth during the forecast period.
Asia-Pacific Is Set To Witness the Highest Growth in the Region
The region of Asia-Pacific is expected to retain the highest growth CAGR in the regional overview due to the growth of the automobile sector in the region. Furthermore, an increase in disposable cash and heavy reliance on private vehicles will further push the ECU market in the region to a higher extent. India has begun entering the electric vehicle sector on a global scale. This will allow access for key players in the space to establish a market base within the financially strong region. North America is expected to retain the next larger share in the market due to an increase in demand for a luxury vehicle that is retrofitted with numerous ECU sensors under the hood.
Browse the full “ECU Market By Capacity (16-bit, 32-bit, & 64-bit), By Vehicle Type (Passenger Vehicle, Commercial Vehicle, & Others), By Application (ADAS & Safety, Infotainment and Communication, Powertrain, Body Control Systems, & Others), By Propulsion Type (Internal Combustion Engine, Electric Vehicles, and Hybrid Vehicles), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026 ” report at https://www.fnfresearch.com/ecu-market.
The global ECU Market can be segmented as follows:
Global ECU Market: By Capacity Segment Analysis
Global ECU Market: By Vehicle Type Segment Analysis
- Passenger Vehicle
- Commercial Vehicle
- Others
Global ECU Market: By Application Segment Analysis
- ADAS & Safety
- Infotainment and Communication
- Powertrain
- Body Control Systems
- Others
Global ECU Market: By Propulsion Type Segment Analysis
- Internal Combustion Engine
- Electric Vehicles
- Hybrid Vehicles
Global ECU Market: By Regional Segment Analysis
- North America
- Europe
- UK
- France
- Germany
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
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