Automotive Electronic Control Unit Market Projected to Reach USD 177.19 Billion by 2034

Automotive Electronic Control Unit Market Projected to Reach USD 177.19 Billion by 2034, at a CAGR of 6.0%.

Increasing multi-functionalities in vehicles across the globe is a key driving factor for the growth of the global automotive electronic control unit market. Furthermore, the growing automotive sector and the development of low-cost ECUs are also expected to boost the growth of the global automotive electronic control unit market over the forecast period. Moreover, increasing individual preference towards the use of ECUs in antitheft systems, luxury, and hybrid vehicles, along with rising demand for infotainment systems are expected to support the growth of the global automotive electronic control unit market over the forecast period. Increasing demand for advanced driver assistance features is expected to create lucrative growth opportunities for the players operating in the global automotive electronic control unit market.

Key Highlights:

• In November 2017, for instance, Continental AG merged with Osram, which is currently operating under the name Osram Continental GmbH. This merger is for the development of innovative lighting technology along with electronics and to manufacture and market intelligent lighting solutions for the automotive industry.

Key Market Insights from the report:          

The market report has been segmented on the basis of vehicle type, sales channel, application, and region.

• By vehicle type, the passenger cars segment is accounted for a major revenue share in 2018, owing to its most common mode of conveyance especially in developed countries.
• By sales channel, the original equipment manufacturer segment accounted for a major revenue share in 2018, owing to a reduction in the cost of production and enhancement in capital productivity.
• By application, the safety and security segment accounted for a major revenue share in 2018, due to regulatory authorities pressuring for better and more advanced safety and security features in automobiles.
• By region, the Asia Pacific automotive electronic control unit market accounted for a major revenue share of the global automotive electronic control unit market and is further anticipated to maintain its dominance over the forecast period. This is attributed to the presence of well-established automotive electronic control unit brands in the region, coupled with the availability of these brands through online platforms, particularly in countries such as India, Japan, and China. The market in North America is expected to account for the second-highest revenue share in 2018.

Request a free sample of our research report @ https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/480

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on the "Global Automotive Electronic Control Unit Market”, By Vehicle Type (Passenger Car and Commercial Vehicles), By Sales Channel (Original Equipment Manufacturer (OEM), and by Aftermarket), By Application (Powertrain (Engine Control Unit, Powertrain Control Unit, Transmission Control Unit, and Others), Entertainment, Safety and Security (ADAS/ADS, ABS Control Units, and Airbag and Seatbelt Control System), Chassis Electronics, and Communication and Navigation), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa)- forecast till 2029"

The prominent player operating in the global automotive electronic control unit market includes Continental AG., Denso Corporation, Delphi Automotive PLC, Robert Bosch GmbH., ZF Friedrichshafen AG., Autoliv Inc., Takata Corporation, Hitachi Automotive Systems, Ltd., Mitsubishi Electric Corporation, and Magneti Marelli S.p.A.

About Prophecy Market Insights

Prophecy Market Insights is a specialized market research, analytics, marketing, and business strategy, and solutions company that offers strategic and tactical support to clients for making well-informed business decisions and identifying and achieving high-value opportunities in the target business area. Also, we help our client to address business challenges and provide the best possible solutions to overcome them and transform their business.

Contact Us:

Prophecy Market Insights

Email- [email protected]

Website: https://www.prophecymarketinsights.com