Ocean View, Delaware, Nov. 02, 2016 (GLOBE NEWSWIRE) --
Automotive ECU Market size is expected to reach USD 54.73 billion by 2023; according to a new research report by Global Market Insights, Inc.
Global installations have witness enormous growth owing to rising demand for in-car infotainment systems. Incorporation of sophisticated equipment in the mid-sized vehicle category has consequently increased the average number of ECU installations per vehicle. Stringent automotive safety regulations, particularly in U.S. and Europe will drive global automotive ECU market size over the forecast timeline.
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Rising demand for electric vehicles will positively impact automotive ECU market share from 2016 to 2023. Electric vehicles are emerging as an integral part of automotive industry as it achieves more energy efficiency than gasoline vehicles along with reduced emissions. Ongoing consolidation may decrease the marginal costs, affected adversely by pricing pressure from the OEM’s. Environmental issues related to traditional combustion system will drive the industry.
Suppliers such as Continental AG are focusing on providing low cost ADAS for medium and compact sized car segments. The company introduced low cost ADAS system such as lane departure warning system, traffic sign recognition and driver monitoring systems.
The industry is characterized by escalating spending on R&D to develop low-cost components for various electronics control systems. Lack of awareness regarding overall understanding of subsystems with embedded controllers manufactured by tier-1 suppliers may challenge automotive ECU market size prospects.
Browse key industry insights spread across 104 pages with 21 market data tables & 28 figures & charts from the report, “Automotive Electronics Control Unit (ECU) Market Size By Application (Powertrain, Chassis Electronics, Safety & Security, Entertainment, Communication & Navigation), Industry Outlook Report, Regional Analysis, Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/automotive-ECU-market
Key insights from the report include:
- Safety systems accounted for 29% of the automotive ECU market share in 2015 and will remain steady due to growing demand in other applications. It consists of anti-theft systems, airbags, keyless entry systems, tire pressure monitoring, and pre-crash safety system.
- Climate control systems are designed to maintain cabin air temperature at the desired preset level, either by heating or cooling the vehicles cabin. The system uses a series of sensors to detect ambient air temperature, cabin air temperature, water temperature, and quantity of solar radiation.
- Chassis electronics application accounted over 20% of total revenue in 2015. Suspension systems are designed to protect the vehicle and passenger compartment from bumps on the road.
- China automotive ECU market size represented more than 40% of the Asia Pacific revenue in 2015. New Car Assessment Program (NCAP) in China has been mandating Lane Departure Warning (LDW) and Automatic Emergency Braking (AEB) technologies for the adoption of active safety systems.
- U.S. automotive ECU market size is set to exceed USD 6.5 billion by 2023. The country is rolling out large-scale initiatives to offer the vehicles to government agencies and build an EV charging network.
- Tier 2 & 3 suppliers design and manufacture software and hardware solutions and are often used in outsourcing capacity by Tier 1 suppliers. The Tier 1 suppliers such as Bosch, Autoliv, and Continental AG are primarily the interface and customer of the vehicle OEMs.
- Major companies accounting for automotive ECU market share are Continental AG, Bosch, Autoliv, Delphi, TRW Automotive, Hitachi Automotive and Denso. Focus on mergers and acquisitions, agreements and contracts with other manufacturers to enhance the product portfolio and regional presence are the main strategies applied to retain industry position.
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Automotive ECU market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD billion from 2012 to 2023, for the following segments:
- Automotive ECU market by application
- Safety Systems
- Chassis Electronics
- Powertrain
- Communication & navigation
- Entertainment
The above information is provided on a regional and country basis for the following:
- North America
- U.S.
- Mexico
- Europe
- Germany
- UK
- Asia Pacific
- China
- Japan
- India
- Latin America
- MEA
Browse Related Reports:
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https://www.gminsights.com/industry-analysis/automotive-electronics-market
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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