LONDON, Oct. 6, 2022 (GLOBE NEWSWIRE) — According to The Business Research Company’s research report on the automotive ECU market, growth in demand for hybrid and battery electric vehicles is expected to drive market growth. automotive ECU market in the future. . Hybrid electric vehicles are powered by an internal combustion engine and one or more electric motors, while battery electric vehicles rely entirely on electric motors. The growing shift in consumer interests towards green transportation and growing government initiatives towards sustainable transportation solutions have contributed to increasing demand for hybrid and electric vehicles around the world. The rapid increase in demand for hybrid and battery electric vehicles is expected to drive the utilization of automotive ECUs as they are a vital component in the effective 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, global electricity increased to 10 million units in 2020, which represents an increase of 43% compared to the global car stock in 2019. Thus, growth in demand for hybrid and battery electric vehicles is expected to drive demand for automotive ECU solutions during the forecast period.
Request for a sample of the global automotive ECU market report
The global automotive ECU market size is expected to grow from $75.10 billion in 2021 to $79.92 billion in 2022 at a compound annual growth rate (CAGR) of 6.4%. The global automotive ECU market share is expected to grow to $99.47 billion in 2026 at a compound annual growth rate (CAGR) of 5.6%.
Product innovation is a key trend gaining popularity in the automotive ECU market. Organizations that provide automotive ECUs are increasingly focused on developing low-cost ECUs that can provide better services to their users and strengthen their position in the market. For example, in November 2020, Siemens, a Germany-based provider of automotive electronics solutions, launched Vehicle Cabin Consolidation Solutions (VCO2S), comprehensive software systems, and a hardware service offering that incorporates infotainment systems. and instrument clusters into a single high-performance ECU. With an emphasis on safety and security, automotive engineering teams can use VCO2S to reduce costs, speed time to market, and improve user experience while meeting the stringent cybersecurity and functional safety requirements of the automotive industry. Customers can save space and money by integrating in-vehicle infotainment (IVI) systems and instrument clusters into the same ECU with VCO2S. VCO2S provides essential features such as IP software and services for a consolidated cabinet design. VCO2S Base is delivered as a reference design that can be ported to the customer’s target hardware.
The main players in the automotive ECU market are ZF Friedrichshafen AG, Continental AG, Denso Corporation, Hyundai Mobis, Autoliv Inc, Robert Bosch GmbH, Delphi Technologies, Panasonic Corporation, Lear Corporation, Hitachi Automotive Systems Pvt. Ltd., Magneti Marelli SpA , Pektron Group Ltd, Mitsubishi Motors Corporation, NXP Semiconductors NV and Calsonic Kansei Corporation.
The global Automotive ECU market segments are categorized by ECU into 16-bit ECU, 32-bit ECU, 64-bit ECU; by type of vehicle in tourism, light commercial vehicle, heavy commercial vehicle, electric vehicle; by way in conventional, autonomous.
Pacific Asia was the largest region in the automotive ECU market in 2021, and it is also expected to be the fastest growing region in the global automotive ECU market during the forecast period. Regions covered in global Automotive ECU Market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Global Automotive ECU Market Report 2022: Market Size, Trends and Global Forecast 2022-2026 is one of a series of new reports by The Business Research Company providing Automotive ECU market overviews, analyze and forecast the market size and growth for the entire market. Automotive ECU market segments and geographies, Automotive ECU market trends, Automotive ECU market drivers, Automotive ECU market restraints, Revenue, profiles and market shares of leading competitors in the Automotive ECU market over 1,000 industry reports, covering more than 2,500 market segments and 60 geographies.
The report also offers an in-depth analysis of the impact of COVID-19 on the market. The reports are based on 150,000 data sets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and knowledgeable team of analysts and modelers provide market analysis and forecasts. The reports identify the top countries and segments for opportunities and strategies based on market trends and the approaches of major competitors.
Not the market you are looking for? Check out some similar market intelligence reports:
Global Electric Vehicle Market Report 2022: By Type (Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle, Fuel Cell Electric Vehicle), By Vehicle Type (Two Wheelers, Passenger Cars, Commercial Vehicles), By Cargo Type (slow charge, fast charge), by power output (less than 100 KW, 100 KW to 250 KW, more than 250 KW), by end use (private and commercial fleets): market size, trends and global forecast 2022- 2026
Global Electric Car Market Report 2022: By Type (Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV), Hybrid Electric Vehicle (HEV)), By Battery Type (Lithium Iron Phosphate (LFP), Lithium– Nickel Manganese Cobalt Oxide (Li-NMC) battery, Lithium Titanate Oxide (LTO) battery, Lithium Nickel Cobalt Aluminum Oxide (NCA) battery, Nickel Metal Hydride ( NiMH), Lead Acid Scid Battery), By Application (Home Use, Commercial Use): Market Size, Trends and Global Forecast 2022-2026
Global Autonomous Car Market Report 2022: By Product Type (Semi-Autonomous Vehicles, Fully Autonomous Vehicles), By Type (Battery Electric Vehicle (BEV), Internal Combustion Engine (ICE), Hybrid Electric Vehicle (HEV)), By Application (Civil, Robo Taxi, Ride Hail, Ride Share): Market Size, Trends and Global Forecast 2022-2026
Interested in learning more about The Business Research Company?
Business Research Company is a market intelligence company that excels in business, market and consumer research. Located around the world, it has specialist consultants in a wide range of industries, including manufacturing, healthcare, financial services, chemicals and technology.
The most complete database in the world
Business Research Company’s flagship product, Global Market Model, is a market intelligence platform that covers various macroeconomic indicators and metrics across 60 geographies and 27 industries. The global market model covers multi-layered datasets that help its users assess the gaps between supply and demand.