A recent market
research report published by Transparency Market Research states that
the global automotive electronics control unit management market is
anticipated to expand at a CAGR of 6.3% during the period between
2014 and 2020. The report, titled “Automotive
Electronics Control Unit Management (ECU/ECM) Market - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 -
2020,” projects the global automotive electronics control unit
management market to stand at a valuation of US$43.72 bn by 2020. The
overall market was worth US$28.6 bn in 2013.
Automotive
electronics control units are widely used across various automobile
segments such as commercial vehicles, utility vehicles, and passenger
cars. Automotive electronics control unit management is implemented
for the operation of various technologies including engine
management, transmission control, body control, airbag restraint, and
other systems. The ever-growing demand for automotive electronics
control unit management from the emerging economies in Asia Pacific
has fuelled the growth of the global automotive electronics control
unit management market.
The report states
that the growing demand for automotive embedded systems and the
growing inclination toward a luxurious lifestyle have propelled the
growth of the global automotive electronics control unit management
market. However, the complexity of the system, coupled with cost
pressures might play spoilsport in the growth of the market. The
overall market has a huge opportunity to grow with the rise in the
number of autonomous cars.
In terms of
technology, the report segments the global automotive electronics
control unit management market into the following systems: Engine
management, transmission control, climate control, anti-lock braking,
airbag restraint, power steering, and body control. Power steering
dominates the market as the leading technology.
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On the basis of
application, the report categorizes the global automotive electronics
control unit management market into passenger cars, utility vehicles,
and commercial vehicles. Passenger cars dominate the market, followed
by commercial and utility vehicles.
The report studies
the global automotive electronics control unit management market
across four key regions: Europe, North America, Asia Pacific, and
Rest of the World. Presently, Europe leads the overall market owing
to the established base of the automotive industry in the U.K. and
Central Europe. The implementation of strict compliance laws to
ensure convenient and safe driving has propelled the growth of the
market in Europe. However, during the forecast period, Asia Pacific
is anticipated to register strong growth with the automotive industry
focusing on building manufacturing facilities in the region.
Describing the
competitive landscape, the report profiles some of the Key
Players in the global automotive
electronics control unit management market such as Denso Corporation,
Continental AG, Robert Bosch, Delphi Automotive Plc, General Motors
Company, Lear Corporation Hyundai Mobis Co. Ltd., Alps Electric Co.
Ltd., Panasonic Corporation, and Hitachi Automotive Systems Ltd. The
report also offers insightful details about the market players
including their company overview, business strategies, financial
overview, and recent developments.
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