Global Automotive Electronic Control Unit (ECU) Market to be Positively Impacted by Increasing Technological Advancements
Introduction
to innovative technology by manufacturers to control emission and improve fuel
efficiency would drive the global electronic control unit (ECU) market. Fortune
Business Insights, in a published report, titled, “Automotive
Electronic Control Unit (ECU) Market Size,
Share & Industry Analysis, By Application (Powertrain, Braking Systems,
Body Electronics, Adas, Infotainment), By Vehicle (Passenger, LCV, HCV,
Electric Vehicle), and Regional Forecasts, 2019-2025,” states that the market
is projected to reach 12.92 Billion units by 2025, exhibiting a CAGR of 11.9%
during the forecast period. However, the automotive ECU market was at 6.20 Billion
units in 2018. Also, rising sales of new vehicles is likely to impact market
growth positively.
list of
prominent companies that are operating in the global automotive electronic
control unit (ecu) market are:
•
ZF FRIEDRICHSHAFEN AG
•
Continental AG
•
Denso Corporation
•
Hyundai Mobis
•
Autoliv
•
Robert Bosch GmbH
•
Altera (Intel Corporation)
•
Valeo, Inc.
•
Delphi Technologies
•
NXP Semiconductors N.V.
The report is
prepared on the bases of in-depth market analysis with inputs from key market
players and industry experts. It covers several significant aspects, such as
automotive ECU market trends, key vendors, growth drivers, obstacles, competitive
landscape, regional analysis, and challenges. It further consists of the
revenue that is generated from the sales of automotive ECU in order to
calculate the market size.
Governmental Initiatives to Prevent Road Accidents to Boost
Market Growth
There is a
rise in the number of deaths due to an increasing prevalence of road accidents.
Hence, the government bodies worldwide are implementing stringent rules and regulations
on automotive companies to manufacture vehicles that are equipped with the
latest technology. Majority of the government bodies are putting forward strict
laws to minimize the cases of death that are caused by road accidents.
The New Car
Assessment Program (NCAP), for instance, was implemented by Europe and China
for all the manufacturers. The manufacturers must provide novel safety system,
namely, ABS and lane departure warning systems in every vehicle. Vehicle that
are not equipped with safety features and sensors are considered to be more prone
to accidents. All these factors are anticipated to drive the automotive ECU
market growth during the forecast period.
Asia Pacific to Lead Owing to Increasing Penetration of
Electrification in Japan & China
Geographically,
the automotive ECU market is divided into Asia Pacific, the Middle East and
Africa, Europe, North America, and Latin America. Out of these, Asia Pacific is
projected to lead the market due to a rise in the sales of new vehicles as well
as strict government rules on vehicle emission. In countries, such as Japan and
China, increasing penetration rate of electrification due to a rise in the technological
advancement in electronic vehicles will propel growth. At present, Asia Pacific
holds the major automotive ECU market share in terms of revenue and volume.
Delphi Technologies Collaborates with TomTom to Provide
Intelligent Driving Controls
Delphi
Technologies, a provider of electrification products, controls, software, and
combustion systems, headquartered in London, announced that it has partnered up
with TomTom, a multinational developer and creator of consumer electronics and
location technology in January 2019. The main aim of the collaboration is to design
electronic and software application to optimize vehicle emissions and fuel
efficiency by utilizing real-time mapping data.
Delphi’s
newly developed intelligent driving controls use real-time data to predict changing
driving conditions, such as weather, traffic congestion, topography, and route
infrastructure. The collected information is then used to shorten commute time,
reduce emissions, and improve fuel efficiency.
The company stated that the
collaboration would aid in discovering new opportunities to incorporate more
data about a driver’s route to boost its intelligent driving controls. It would
also enable the drivers to drive their vehicles cleaner and better.
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