The automotive electronic controller global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Automotive Electronic Controller Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size -
The
automotive electronic controller market size has grown rapidly in
recent years. It will grow from $55.63 billion in 2023 to $61.41 billion
in 2024 at a compound annual growth rate (CAGR) of 10.4%. The growth in
the historic period can be attributed to increasing complexity of
automotive systems, stringent emission standards, fuel efficiency and
emission control, consumer demand for infotainment and connectivity,
government regulations on vehicle safety..
The automotive electronic controller market size is expected to see strong growth in the next few years. It will grow to $85.97 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to rise in electric and autonomous vehicles, global emphasis on connectivity and telematics, evolution of in-vehicle entertainment systems, regulatory push for autonomous driving, focus on cybersecurity in connected vehicles.. Major trends in the forecast period include adoption of over-the-air (ota) software updates, shift towards open-source software platforms, integration of lidar and radar sensor control, focus on edge computing for real-time processing, development of energy-efficient electronic control units (ecus)..
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Scope Of Automotive Electronic Controller Market
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Automotive Electronic Controller Market Overview
Market Drivers -
The
growing adoption of electric vehicles is expected to propel the growth
of the automotive electronic controller market going forward. Electric
vehicles (EVs) are vehicles powered by electricity stored in batteries
or other energy storage systems, eliminating the need for internal
combustion engines. Automotive electronic controllers in electric
vehicles (EVs) manage power distribution and optimize battery
performance, enhancing overall efficiency and range while enabling
advanced features like regenerative braking. For instance, in September
2022, according to the International Energy Agency, a France-based
autonomous intergovernmental organization, sales of electric vehicles
nearly doubled to 6.6 million in 2021 compared to 3 million in 2020,
increasing the total number of electric vehicles on the road to 16.5
million. Therefore, the growing adoption of electric vehicles is driving
the growth of the automotive electronic controller market.
Market Trends -
Major
companies operating in the automotive electronic controller market are
increasing their focus on developing a high-performance electronic
control unit (ECU) to maximize their profits in the market. A
high-performance electronic control unit (ECU) is a specialized computer
that efficiently manages and optimizes various functions in vehicles or
industrial systems, delivering exceptional speed and precision in
real-time operations. For instance, in April 2023, TTTech Auto AG, an
Austria-based provider of car safety solutions, launched the N4 Network
Controller, a high-performance electronic control unit (ECU) with
advanced networking capabilities. The N4 electronic control unit is
equipped with advanced networking features that enable it to support the
latest automotive communication protocols, including Ethernet, CAN FD
(controller area network flexible data rate), and FlexRay. This
electronic control unit (ECU) is designed to meet the increasing demand
for high-bandwidth communication in modern vehicles, which require more
advanced driver assistance systems, infotainment, and other features.
The automotive electronic controller market covered in this report is segmented –
1)
By Product Type: Engine Control Units (ECUs), Transmission Control
Units (TCUs), Body Control Modules (BCMs), Electronic Stability Control
(ESC) Systems, Electronic Brake Systems (EBS), Other Products
2) By Vehicle Type: Light-Duty Vehicles, Heavy Commercial Vehicles, Construction And Mining Equipment, Agricultural Tractors
3) By Propulsion Type: Battery Electric Vehicles (BEVs), Hybrid Vehicles, Internal Combustion Engines Vehicles
4)
By Application: Advanced Driver Assistance Systems And Safety System,
Body Control And Comfort System, Infotainment And Communication System,
Powertrain System
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Regional Insights -
Asia-Pacific
was the largest region in the automotive electronic controller market
in 2023. The regions covered in the automotive electronic controller
market report are Asia-Pacific, Western Europe, Eastern Europe, North
America, South America, Middle East, Africa.
Key Companies -
Major
companies operating in the automotive electronic controller market
report are Robert Bosch GmbH, Hitachi Automotive Systems Ltd., Panasonic
Corporation, DENSO Corporation, Continental AG, ZF Friedrichshafen AG,
Hyundai Mobis Co. Ltd, Toshiba Electronic Devices & Storage
Corporation, Lear Corporation, Texas Instruments Incorporated, Nidec
Motors and Actuators Inc., TE Connectivity Ltd., STMicroelectronics
N.V., BorgWarner Inc., Infineon Technologies AG, NXP Semiconductors
N.V., Renesas Electronics Corporation, Amphenol Corporation, Analog
Devices Inc., ON Semiconductor Corporation, Microchip Technology Inc.,
Omron Corporation, Vishay Intertechnology Inc., Sanken Electric Co.
Ltd., Diodes Incorporated, Melexis N.V., Magneti Marelli S.p.A., Pektron
Group Limited, HGM Automotive Electronics Inc.
Table of Contents
1. Executive Summary
2. Automotive Electronic Controller Market Report Structure
3. Automotive Electronic Controller Market Trends And Strategies
4. Automotive Electronic Controller Market – Macro Economic Scenario
5. Automotive Electronic Controller Market Size And Growth
…..
27. Automotive Electronic Controller Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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