The automotive electronic control unit market is expected to record a CAGR of 4.7% during the forecast period. The market is anticipated to cross a market share of US$ 22.8 billion by 2033, while it holds a revenue of US$ 14.4 billion in 2023.
The demand for automotive electronic control unit rises with the increasing safety norms, rising sales of passenger cars, and increasing per capita income. Furthermore, the business growth of the automotive industry has also pushed vendors to adopt electronic control unit systems for the advanced vehicles. The advent of AI and Machine Learning and its integration with electronic control unit circuits delivers ease to the passenger and gives access to a wide number of applications from cooling to engine and cruise control.
Connecting the car control system to the smartphone with the help of an app that enhances the driving experience along with the electronic control unit connect interface. The improved electronic control units have also expanded the market.
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Key Points
The Chinese market for automotive electronic control unit holds the biggest market share and is expected to cross the biggest anticipated values of US$ 5.7 Bn by 2033 with a CAGR of 5.4%. The growth rate is rising for the Chinese market as the market thrived at a lower CAGR of 3.0% between 2017 and 2022.
The Indian market for automotive electronic control units thrives at the highest CAGR of 6.6% during the forecast period while expecting revenue of US$ 895.9 Mn by 2033. The regional market flourished at an extremely lower CAGR of 0.7% during the previous forecast period.
The research report of FMI states that the gasoline electronic control unit segment continues to lead the product type category with a CAGR of 5.3% between 2023 and 2033. The growth is attributed to the higher number of passenger car sales.
Based on the sales channel, the OEM segment thrives at a CAGR of 5.7% between 2023 and 2033 due to the higher amount of customer trust and better implementation.
Competitive Landscape
The major players in the automotive electronic control units market focus on creating machines and software that save a higher amount of fuel and provide a healthy equation to the engine. Automotive electronic control unit manufacturers are setting up collaborations with other companies and launching new products in the electronic control unit market.
The market has been described as consolidated. Some of the leading market participants included in this report are:
Continental AG, Denso Corporation, Garmin Ltd., Harman International, Infineon Technologies AG, Robert Bosch GmbH, Delphi Technologies, Mitsubishi Electric Corporation, Johnson Electric Holdings Limited, Texas Instruments Incorporated, Panasonic, Aptiv, Verizon, Intel Corporation, Renesas Electronics Corporation, Microsoft Corporation, Kontron AG, ARM Limited, Fujitsu Limited, Microchip Technology Inc., Xilinx, STMicroelectronics, Sierra Wireless,, Zhuhai ENPOWER Electric Co., Intellias Ltd,, HYUNDAI MOBIS, Lear, Hitachi Astemo, Ltd., Marelli Holdings Co., Ltd., BorgWarner Inc.
For instance:
In October 2021, BorgWarner Inc. purchased Delphi Technologies. BorgWarner's power electronic products, and electronic control unit will be strengthened as a result of the acquisition.
In February 2021, Magna announced to launch of the 3D surround view with next-generation cameras and automotive electronic control units. Driver assistance technology is mainly installed in high-end models. Now, it will be available starting with the model year 2022 and expanding across multiple customers and vehicle platforms.
In January 2021, Panasonic, plans to integrate its latest advances in optics, volume optimization, and imaging technology with A.I. from its SPYDR domain controller. Further, this renders near-filed and far-field content for vehicle information, object and pedestrian detection, and mapping for a more seamless experience for the driver.
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Key Segments
By Product Type:
Gasoline electronic control unit
Diesel electronic control unit
Natural Gas electronic control unit
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