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Body Control Modules functions as a brain that controls different ECUs by sending and receiving signals through vehicles BUS. (CAN, LIN, Flexray). It controls the electrical systems in vehicles. The rapid growth in the sales and production of passenger cars has led to substantial growth in the automotive body control module market. Globally, owing to the growing adoption of advanced safety and comfort features in vehicles, increasing demand for luxury and techno-savvy vehicles, development in autonomous vehicles, growing demand for safety features such as driver assistance systems in vehicles all these factors are augmenting the usage of a body control module (BCM). Moreover, the rigorous government rules and regulations towards road safety and carbon dioxide emission, increasing expectations of consumers, growing R&D in manufacturing companies to develop advanced technologies, competition between key players to innovate superior electronic equipped vehicles than others are fueling the growth of the BCM market.
The trending growth in the BCM market is owed to the rise in the adoption of advanced technologies in the automobile segment, the growing share of hybrid and electric vehicles, high electronic components and software contents in vehicles. The complexities and sophistication in these electronic systems may hinder the growth of the market in the future.
Key Market Driver -
Increasing demand for enhanced security features, luxury, comfort, are expected to drive the growth of the market in the forecast period.
Key Market Restraint -
Poor infrastructural programming, complexity in electronic systems, automotive cyber attacks are ecpexted to restrain the growth of the market in future.
Globally, the Automotive Control Body Module market has been segmented by range type, by component type, by vehicle type, and by region. By range type, High-end BCM dominates over Low-end BCM. The increasing demand for handling critical functioning inside the vehicles, complex body functions, is striking the OEMs to use High-end body control module in their vehicles. High-end BCM is installed higher configuration microcontroller, PCBs, transceivers, and other advanced hardware components to handle the complex body functioning. These features make them superior and are the preferred choice of the OEMs for their vehicle models. By component type, the hardware component is anticipated to seize a large market in the forecast period. BCM consists of various hardware components such as printed circuit boards (PCBs), input-output devices, transceivers, microcontrollers, etc. Customization of BCM components as per needs and fittings by the OEMs are driving the market of body control modules. By vehicle type, they are further divided into passenger cars and commercial vehicles. Passenger cars are dominating the BCM market. Nowadays, OEMs of passenger cars are customizing the body control modules for their vehicles of variant models. This factor is attracting people to go for such vehicle offerings. These vehicles are majorly dominating in India and China from the Asia Pacific region. Whereas commercial vehicles are showing steady growth in this market.
The major companies of the Global BCM market include Continental AG, Delphi Automotive PLC, Mitsubishi Electric Corporation, Robert Bosch GmbH, Denso Corporation, HELLA, Mouser Electronics, Infineon Technologies AG, Harman International, Tata Elxsi and Renesas Electronics Corporation.
Geographically, the automotive motors market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Asia Pacific region holds the largest market of BCM owing to the large scale production of passenger cars, high adaptive rate of advanced technologies as compared to other regions, the rising purchasing power of consumers is triggering the demand for automobiles in this region. The North American OEMs are also entering the tech-savvy vehicle segment considering the demand of the demographics in this region, leading to a fair share in the BCM market. Europe is also witnessing a steady growth in this market owing to the adoption of new technology in the automotive sector.
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By range Type
By Component Type
By Vehicle Type
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