March 31, 2020
According to the research report titled ‘Asia Pacific Automotive Electronic Control Unit (ECU) Market Size By Capacity, Vehicle Type, Mode, Propulsion Type, Application, Regional Outlook- Industry Size, Share, Growth Trends & Forecast, 2018 – 2024’, available with Market Study Report LLC, Asia-Pacific automotive electronic control unit market is expected to generate USD 55 billion by the year 2024.
Growing demand for hybrid and electric vehicles is a major factor fueling the growth of automotive electronic control units market in Asia-Pacific region. These vehicles use ECUR in various automotive systems such as infotainment, drivetrain, and powertrain in order to enhance inter-vehicular communication as well as to improve performance. Advancements in engine management systems and fuel injection technology are further aiding the market expansion. Increasing focus of automakers and government towards reducing road accidents and improve vehicle safety is also stimulating the industry outlook.
As per vehicle type, passenger cars segment is presumed to expand substantially during the estimated timeframe. Growing population and rising per capita income have enhanced the demand for passenger vehicles in India and China. These vehicles offer better safety features as well as comfort and luxury. In addition, favorable government regulations towards expansion of automotive sector is fueling the segmental growth.
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Based on the application spectrum, APAC automotive electronic control unit market from powertrain segment is expected to grow significantly during 2018-2024. Powertrains are extensively used in BEVs and EVs owing to their limited fuel consumption and energy conservation benefits. Easy availability of cheap raw materials and higher production of powertrains by OEMS are bolstering the demand for automotive ECUs.
The prominent companies operating in Asia-Pacific automotive electronic control unit industry are ZF Friedrichshafen AG, Panasonic Corp., Texas Instruments, Hyundai Mobis, Infineon Technologies, Lear Corp., Hitachi Automotive Systems, Continental AG, Bosch Group, Atmel Corp., and Delphi Automotive among others.
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