Expecting 7.1% CAGR, Global Automotive ECU Market Size & Share to Reach USD 67.7 Billion by 2026: Industry Trends & Forecast by Polaris Market Research
The expanding global automotive industry, along with increasing demand for passenger cars majorly drives the market growth. The adoption of electric vehicles has increased significantly owing to stringent government regulations regarding vehicular emissions, thereby supporting market growth. Other factors driving the market growth include growing demand of ADAS systems, technological advancements, and modernization of vehicles. New emerging markets, emerging consumer demographics, and increasing demand of vehicles would provide growth opportunities for automotive ECU market in the coming years.
The global Automotive ECU Market size was valued at USD 36.6 Billion in 2017 and is anticipated to reach USD 67.7 Billion by 2026, to grow at a CAGR of 7.1% during the forecast period.
Market players operating in the global automotive ECU market are investing significantly in research and development and technological innovation to develop advanced products to meet the growing consumer demands. The development of autonomous vehicles is significantly increasing the demand for automotive ECU. Electric vehicles are increasingly being adopted worldwide owing to stringent regulations regarding vehicular emissions.
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What Does the Report Include?
- Status of the Automotive ECU Market in world view.
- Top companies operating in the market.
- Import-Export policies regarding the products/services in the Automotive ECU Market.
- Research and development activities.
- Major research agenda in industry segments.
- Segmentation according to application, type, and geography.
- Comparative study of the domestic and international prices of the products and services and related price fluctuations.
- Worldwide Automotive ECU Market’s driving forces and roadblocks
In 2017, Asia-Pacific accounted for the highest share in the global automotive ECU market. The primary factors driving the automotive ECU market growth in the region include established automotive industry, technological advancements, and high investment in R&D. The introduction of stringent government regulations regarding vehicular safety and emissions accelerates the adoption of automotive ECU in the region. The economic growth in countries such as China, Japan, and India, increasing development of autonomous vehicles, and growing automotive modernization further increases the demand of automotive ECU in the region.
The well-known companies profiled in the report include Denso Corporation, Lear Corporation, Continental AG, Delphi Automotive PLC, Hella KGaA Hueck & Co., ZF Friedrichshafen AG, Robert Bosch GmbH, Autoliv Inc, Hitachi Automotive Systems, Ltd., and Infineon Technologies AG. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
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- Market Size & Forecast by Revenue
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis by Component, by Type, by Deployment Mode, by Vertical, and by Geography
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Moreover, the research reviewer has also explained the impact of the Covid-19 outbreak on the global Automotive ECU Market and related factors including supply chain analysis, effect estimations on target market size growth rates in various scenarios, and the steps that major firms would take in reaction to the epidemic. The report then focuses on regional and application markets along with existing and future trends. The historical evaluation given in this report supports demand growth at the global, national, and regional levels. Web communities, online forums, surveys, and interviews are utilized to acquire data for the market study report.
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