Automotive Electronic Control Unit (ECU) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

The global automotive electronic control unit market (henceforth referred to as the market studied) is anticipated to register a CAGR of about 6.32% during the forecast period (2019 – 2024).    

• The paradigm shift of vehicles from mechanical to electronic system has paved the way for technological advancements, like power steering, infotainment, cruise control, HUD, in-car connectivity, and mobility. In modern cars (connected), electronic control systems (ECUs), along with LiDAR sensor technology, are eventually making self-driving autonomous car a reality.
• A constant rise in automobile production across the world, to suffice the growing population requirement, is additionally creating several opportunities for the automotive electronics control unit (ECU) market growth. The automotive manufacturers identify smart connectivity and greener production initiatives, leading to an increased consumption of control units. Moreover, different favorable government reforms to control the road traffic and ensure driver safety, drive the production of modern vehicles.
• However, growing complexity of ECU restraining the market growth, whereas growing demand of electric vehicle are anticipated to provide opportunities for the market growth.

Scope of the Report

The global automotive electronic control unit market is segmented by propulsion type (Internal Combustion Engine (ICE), Hybrid, Battery Electric Vehicles), by application type (ADAS and Safety System, Body Control and Comfort System, Infotainment and Communication System, Powertrain System), by ECU type (16-Bit-ECU, 32-Bit-ECU, 64-Bit-ECU), by autonomous type (Conventional Vehicle, Semi-autonomous Vehicle, Autonomous Vehicle), by vehicle type (Passenger Cars, Commercial Vehicles), and by Geography (North America, Europe, Asia-Pacific, Rest of the World)

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Key Market Trends

Increase in Sales of Electric Vehicles Creates Market Opportunities

The electric vehicle market is rapidly growing across the world. The electric vehicle sales in Europe has significantly increased by 47% in the first quarter of 2018, in comparison to the first quarter of 2017. By 2040, nearly 54% of the new car sales and 33% of the global car fleet will be electric. To meet the electric vehicle sales target, the European government has already started various projects for building charging infrastructure across the regions.

This transformation in the automotive industry is expected to have its impact on the automakers, electronic component manufacturers, aftermarkets, and supply chain of the industry itself. As a result, manufacturers of parts and components only pertaining to IC engine vehicles are now expanding their business into the electric vehicle domain, as the demand for, and sale of, electric vehicles are increasing.

In the automotive diagnostics market, components, such as ECU for engine control and transmission, would be replaced by ECUs for the electrical architecture and the battery management systems. The conventional diagnostic systems are anticipated to be completely replaced by the on-board diagnostic systems that would continually monitor the health of all the electric and mechanical components of the vehicle.

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