A research study titled, “Automotive ECU Market by product Type - Global Industry Analysis and Forecast to 2022” published by Crystal Market Research, states that the automotive ECU market is projected to be around $52.87 billion by 2022.
The global automotive ECU market was evaluated around USD 27.48 billion in the 2012 and is expected to reach approximately USD 52.87 billion by the end of 2022 while registering itself at a compound annual growth rate (CAGR) of 6.07% over the forecast period. Automotive Electronic Control Unit or ECU is a group of computer systems that maintains and controls the total electrical, mechanical and electronic systems of an automobile.
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The global automotive ECU market is expected to show extensive growth with a significant compound annual growth rate during the projected period of 2012 to 2022. Augmented demand for technologically superior vehicles such as hybrid cars in the developing and developed nations is amongst the key factors fueling the growth of the global ECU market. Governmental policies to trim down fuel utilization and rising demand for improved vehicles mileage by the common public is one more key factor directing to elevated ECU market growth in the automotive market. The stable growth of alternative vehicle options such as the pure electric and hybrid vehicles in the developed countries has bestowed considerably to the global ECU market owing to high complications involved in these vehicles than conventional vehicles. Also, ease of driving, low maintenance demanded by the customers, driver safety, and security concerns are growth driving factors for the global ECU market.
Key Market Players:
The key industry participants for the automotive ECU market are; Continental AG, Denso Corporation, Autoliv, Inc., Delphi Automotive PLC, TRW Automotive, Hitachi Automotive, and Robert Bosch GmbH.
Geographically, the global automotive ECU market is segmented into regions which are; Europe (Germany, Spain, Italy, France, UK and Rest of Europe), Asia-Pacific (Japan, China, India, Australia, South Korea and Rest of Asia Pacific), North America (the United States, Mexico and Canada) and Rest of the World (Brazil, Saudi Arabia, South Africa, United Arab Emirates and Others).
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Key findings of the automotive ECU market
In 2013, security & safety systems section reported for a major share of the market and is anticipated to produce high revenue further over the forecast years.
Rise in production and sales of vehicles and strict governmental legislations for passenger safety boost the automotive ECU market growth; whereas perfect incorporation of ECU system is a key challenge that might hamper the ECU market growth.
Asia Pacific region is predicted to experience elevated growth owing to growing safety installations and augmented production activities. In North America, newly deployed warning systems for aboard diagnostics systems that assist proprietors to observe emissions are likely to propel the market.
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About Crystal Market Research:
Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
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