Automotive Electronic Control Unit Market Growth & Trends
The global automotive electronic control unit market size is expected to reach USD 156.0 billion by 2030, expanding at a CAGR of 5.9% from 2023 to 2030, according to a new report by Grand View Research, Inc. Hybrid and battery-powered vehicle sales are increasing due to rising consumer demand for commutes that release less carbon and reduce air pollution. Demand for electronic regulating devices like automotive electronic control units (ECUs) is driven by the growing adoption of automated driving, advanced driver assistance system (ADAS), infotainment, and other chassis electronics in internal combustion engine (ICE), hybrid and battery-powered vehicles.
Additionally, the growing preference of consumers for technically advanced luxury vehicles is also anticipated to drive the growth of the automotive ECU market over the forecast period. Moreover, the deployment of ADAS systems, driver assistance, anti-lock brake systems, adaptable front lighting, and other features in passenger cars and larger vehicles is mandated by governments in many countries as part of attempts to improve road safety.
For instance, in January 2023, Continental AG partnered with Ambarella, Inc., a semiconductor design company. Collectively, the two businesses will create scalable, all-encompassing software and hardware systems based on Artificial Intelligence (AI) for supported and Automated Driving (AD) as a step toward autonomous mobility. By incorporating Ambarella's energy-efficient System-on-Chip (SoC) architecture into its ADAS systems, the two companies will work together strategically. Additionally, customers' increasing demand for luxury cars increases investment in R&D for automotive ECUs, which is anticipated to provide new growth prospects for the market.
Automobile manufacturers in the automotive electronic control unit market are being encouraged to create and incorporate advanced systems into their vehicles by the expanding demand for personal vehicles and the rising disposable income of consumers in emerging countries around the world. They are implementing advanced automotive electronic systems for managing and maintaining the performance of these systems, which is anticipated to drive the market's expansion for automotive electronic controls.
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Automotive Electronic Control Unit Market Segmentation
Grand View Research has segmented the global automotive electronic control unit market based on capacity, vehicle type, application type, propulsion type, and region:
Automotive Electronic Control Unit Capacity Type Outlook (Revenue, USD Billion, 2018 – 2030)
Automotive Electronic Control Unit Vehicle Type Outlook (Revenue, USD Billion,2018 – 2030)
- Passenger Car
- Commercial Vehicle
Automotive Electronic Control Unit Application Type Outlook (Revenue, USD Billion, 2018 – 2030)
- ADAS & Safety System
- Body Electronics
List of Key Players in the Automotive Electronic Control Unit Market
- Robert Bosch GmbH
- ZF Friedrichshafen AG
- Autoliv Inc.
- Continental AG
- Delphi Technologies
- Denso Corporation
- Hella KGaA Hueck & Co. (Hella)
- Panasonic Corporation
- Hitachi Automotive Systems, Ltd
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Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. Grand View Research database is used by the world's renowned academic institutions and Fortune 500 companies to understand the global and regional business environment. Our database features thousands of statistics and in-depth analysis on 46 industries in 25 major countries worldwide.
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