Global Automotive ECU Market to reach USD 99.47 Billion by 2026 at a CAGR of 5.6%

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Dublin, Oct. 20, 2022 (GLOBE NEWSWIRE) — The Automotive ECU Global Market Report 2022 has been added to from ResearchAndMarkets.com offer.

The global automotive ECU market is expected to grow from USD 75.10 billion in 2021 to USD 79.92 billion in 2022 at a compound annual growth rate (CAGR) of 6.4%. The automotive ECU market is expected to reach $99.47 billion in 2026 at a compound annual growth rate (CAGR) of 5.6%.

The main types of ECU in automotive ECU include 16-bit ECU, 32-bit ECU and 64-bit ECU. 16-bit ECU refers to electronic control units that are useful when the sensors used transmit less than 16-bit data. 16-bit ECU refers to computer hardware or software capable of sending 16 bits of binary data. They are used in different vehicles ranging from passenger cars, light commercial vehicles, heavy duty vehicles and electric vehicles. They are used both in conventional vehicles and in autonomous vehicles.

Asia-Pacific was the largest region in the automotive ECU market in 2021, and it is also expected to be the fastest growing region during the forecast period. Regions covered in Automotive ECU market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle- East and Africa.

The rapid increase in demand for hybrid and battery electric vehicles is expected to boost the use of automotive ECUs, as they are an essential part of the efficient operation of electric and hybrid vehicles. For example, according to a study published in the International Energy Agency (IEA), an intergovernmental organization based in France, the world’s electricity fleet increased to 10 million units in 2020, an increase of 43% compared to to the global car fleet in 2019. Hence, growing demand for hybrid and battery electric vehicles is expected to drive the demand for automotive ECU solutions over the forecast period.

Product innovation is a key trend gaining popularity in the automotive ECU market. Organizations providing automotive ECUs are increasingly focusing on developing low-cost ECUs which could provide better services to their users and strengthen their market position.

In October 2019, Nidec Corporation, a Japan-based electric motor supplier, acquired OMRON Automotive Electronics Co. Ltd., for an undisclosed amount. With this acquisition, Nidec Group focuses on expanding its commercial presence through new modules and system products. In addition, the two companies have a complementary relationship when it comes to advanced driver assistance systems (ADAS). OMRON Automotive Electronics Co.Ltd. is a Japan-based automotive electronics manufacturer, operating in the automotive ECU market.

Scope
Covered markets:

1) By ECU: 16-bit ECU; 32-bit ECU; 64-bit ECUs
2) By type of vehicle: passenger car; Light commercial vehicle; Heavy utility vehicle; Electric vehicle
3) By Mode: Conventional; Autonomous

Main topics covered:

1. Summary

2. Automotive ECU Market Features

3. Automotive ECU Market Trends and Strategies

4. Impact of COVID-19 on Automotive ECU

5. Automotive ECU Market Size and Growth

6. Automotive ECU Market Segmentation

7. Regional and Country Analysis of Automotive ECU Market

8. Asia-Pacific Automotive ECU Market

9. China Automotive ECU Market

10. Automotive ECU Market in India

11. Japan Automotive ECU Market

12. Australia Automotive ECU Market

13. Indonesia Automotive ECU Market

14. South Korea Automotive ECU Market

15. Western Europe Automotive ECU Market

16. UK Automotive ECU Market

17. Germany Automotive ECU Market

18. French automotive ECU market

19. Eastern Europe Automotive ECU Market

20. Russian automotive ECU market

21. North America Automotive ECU Market

22. United States Automotive ECU Market

23. South America Automotive ECU Market

24. Brazil automotive ECU market

25. Middle East Automotive ECU Market

26. Africa Automotive ECU Market

27. Automotive ECU Market Competitive Landscape and Company Profiles

28. Major mergers and acquisitions in the automotive ECU market

29. Automotive ECU Market Future Prospects and Potential Analysis

30. Annex

Companies cited

  • ZF Friedrichshafen AG

  • Continental SA

  • Denso Company

  • Hyundai Mobi

  • Autoliv inc.

For more information on this report visit https://www.researchandmarkets.com/r/ges6pp

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About Mariel Baker

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