The automotive ECU market is expected to grow from US$ 28,155.75 million in 2021 to US$ 42,649.95 million by 2028

 

The automotive ECU market is expected to grow from US$ 28,155.75 million in 2021 to US$ 42,649.95 million by 2028; it is estimated to grow at a CAGR of 6.1% from 2021 to 2028.

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Rapid technological advancements in automotive transmission systems by manufacture are anticipated to boost the growth of the market. Furthermore, due to the shift in demand for fuel-efficient products with higher performance, the market is expected to be driven by the increasing usage of automotive ECU. Many automakers are now offering intelligent automotive ECU, which allows drivers to enhance their driving experience. Owing to the rapid increase in demand for automatic cars, particularly in emerging nations such as China, India, Brazil, and Russia, the global automotive ECU market is predicted to grow significantly. The surge in per capita disposable incomes and consumer spending is responsible for this massive demand of premium cars. Furthermore, the market expansion is accelerated by technical developments and increased R&D activity.

The global automotive ECU market is segmented on the basis of application, propulsion type, ECU capacity, vehicle type, and geography. Based on application, the market is segmented into ADAS and safety system, body control and comfort system, infotainment and communication system, and powertrain system. By propulsion type, the market is segmented into electric, hybrid, and ICE. Based on ECU capacity, the automotive ECU market is segmented into 16-bit ECU, 32-bit ECU, and 64-bit ECU. By vehicle type, the market is segmented into heavy duty, medium duty, and light duty. In terms of geography, the automotive ECU market is segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America (SAM). A few of the key companies operating in the automotive ECU market are Aptiv, Autoliv Inc., Continental AG, Denso Corporation, Intellias Ltd., Marelli Europe S.p.A., Mitsubishi Electric Corporation, Robert Bosch GmbH, Transtron Inc., and ZF Friedrichshafen AG.