"Market Intelligence for High-Geared Performance"

Electric Vehicle Control Unit Market Size, Share & COVID-19 Impact Analysis, By Vehicle Type (Passenger Car and Commercial Vehicle), By Propulsion Type (Battery Electric Vehicle and Hybrid Vehicle), By Application (ADAS, Body & Comfort, Infotainment, and Others), and Regional Forecast, 2023 – 2030

Last Updated: June 24, 2024 | Format: PDF | Report ID: FBI108480

 

KEY MARKET INSIGHTS

Play Audio Listen to Audio Version

The global electric vehicle control unit market size was valued at USD 9.68 billion in 2022. The market is expected to grow from USD 12.91 billion in 2023 to USD 39.57 billion by 2030, exhibiting a CAGR of 17.4% during the forecast period.


The electric vehicle control unit controls vehicle function in complex vehicle wiring systems or as a gateway between separate Controller Area Network (CAN). The control unit is used for different applications, such as evaluating and controlling the lighting system and providing anti-theft protection. The vehicle control unit delivers torque, operation, and gearshift strategies, high-voltage and 48V coordination, charging control, onboard diagnosis, monitoring, thermal management, and more for electrified and connected powertrains. The Vehicle Control Unit (VCU) can be used in electric passenger cars, trucks, off-highway vehicles, and combustion engine applications. The growing integration of advanced technologies in recent electric vehicles for enhanced performance is anticipated to propel the electric vehicle control unit industry’s growth.


COVID-19 IMPACT


Increased Demand for EVs Fueled Market Growth during the COVID-19 Pandemic


The COVID-19 pandemic positively affected the electric vehicle control unit industry. The pandemic led to the closure of automotive component assembly plants and large-scale manufacturing organizations. Lockdowns, supply chain interruption, and decreased consumer spending affected production and sales in the automotive industry. However, as the pandemic promoted a greater focus on sustainable transportation and reduced emissions, interest in electric vehicles increased. The market accelerated due to heightened demand for electric vehicles and associated components.


LATEST TRENDS


Increased Integration of AI and Machine Learning in ADAS is an Ongoing Trend in the Market


The advanced integration of machine learning and AI in Advanced Driver Assistance Systems (ADAS) is an ongoing trend in the market. The trend is driven by the need to enhance safety systems, efficiency, and overall driving experience. By leveraging AI and machine learning technologies, EV control units can process and analyze vast amounts of actual data from sensors, cameras, and other sources. This enables enhanced features, such as adaptive cruise control, lane departure warnings, autonomous emergency braking, and self-parking capabilities. The electric vehicle control unit market growth is attributed to the growing adoption of AI technology in electric vehicles. AI can optimize energy management in electric vehicles by predicting driving patterns and adjusting power distribution to maximize efficiency. This can extend the range of the EV and enhance battery life.



  • For instance, in July 2023, Horizon signed a strategic corporation agreement with NavInfo to research and develop new-generation solutions for self-driving passenger cars. The pair will also promote the mass production of cost-effective autonomous car driving solutions. The two companies will create high-end intelligent driving solutions based on the full-scenario vehicle intelligent central computing chip - Horizon Journey 5 and NavInfo's intelligent driving system capabilities.


Request a Free sample to learn more about this report.


DRIVING FACTORS


Growing Demand for Energy-Efficient Vehicles to Propel Market Growth


Electric vehicles have intricate systems that require control units to manage various functions, such as battery management systems, motor control, regenerative braking, and power distribution. This complexity leads to a higher demand for vehicle control units. EV control units play a crucial role in optimizing the performance of electric vehicles. The control unit manages power delivery, torque distribution, and other critical parameters, resulting in improved acceleration, efficiency, and overall driving experience. Therefore, increasing sales and demand for electric vehicles drive the market growth.


Additionally, the transition toward autonomous driving features in electric vehicles require a standard/advanced control unit to operate sensor data fusion, object detection, and decision-making algorithms. This trend further drives the demand for electric vehicle control units in forecasting years.


RESTRAINING FACTORS


High Development Cost May Hamper Market Growth


The high cost associated with the development of electric vehicle control units hampers market share. Developing advanced control units and incorporating them into electric vehicles involve significant research, development, and testing. Control units that can effectively manage the complex systems of electric vehicles require a sustainable research and development process. Designing control algorithms, ensuring compatibility with various vehicle components, and conducting extensive testing contribute to higher development costs. This can lead to challenges and limitations for market growth.


SEGMENTATION


By Vehicle Type Analysis 


Passenger Segment’s Growth Driven by Rising Sales of Passenger Cars


Based on vehicle type, the market is segmented into passenger car and commercial vehicle. The passenger car segment holds the highest market share and is anticipated to dominate during the forecast period. Higher consumer awareness and rising demand for electric passenger cars accelerates market growth. Moreover, the government’s focus on promoting the adoption of electric passenger vehicles by implementing regulations and offering attractive incentives, drives market growth.


The commercial vehicle is the second leading segment in the electric vehicle control unit industry. The segment growth is attributed to increasing innovation, R&D, and vehicle launches.


By Propulsion Type Analysis


BEV Segment Leads due to Increasing Sales and Launches of Battery Electric Vehicles


Based on propulsion type, the market is projected into Battery Electric Vehicles (BEV) and Hybrid Vehicles (HV). The BEV segment holds the maximum market share. The growth is attributed to increasing battery electric vehicle sales and EV infrastructure. Furthermore, the popularity has grown due to advancements in battery technology, increasing driving range.



  • For instance, in May 2023, BYD introduced two new full-electric vehicles at Automobile Barcelona 2023. The company unveils BYD DOLPHIN and BYD SEA in the Spanish market at Automobile Barcelona 2023. The BYD DOLPHIN offers three power levels (95 hp, 177 hp, and 204 hp), two batteries (44.9 kWh and 60.4 kWh), and four trim levels (active, boost, comfort, and design).


The hybrid segment is the second dominating segment. Hybrid vehicles provide improved fuel efficiency and reduced emissions than traditional internal combustion engines. Increasing consumer transition toward environmentally friendly options while having the convenience of the gasoline engine is estimated to drive the segment’s growth in the electric vehicle control unit industry.


By Application Analysis


ADAS Segment Dominates due to its Advanced Feature and Technology in EV


Based on application, the market is projected into ADAS, body & comfort, infotainment, and others. The ADAS (Advanced Driver Assistance Systems) segment accounts for the largest market share globally. The growth is attributed to increasing ADAS adoption in electric vehicles due to their potential to enhance safety features, convenience, and overall driving experience. The ADAS features include lane departure warning, adaptive cruise control, automatic emergency braking, parking assistance, and others. This development is estimated to drive the electric vehicle unit sector’s growth during the forecast period.The body and comfort segment holds the second largest market share. The growth is attributed to the rising demand for advanced features related to vehicle comfort, convenience, and interior functions.


To know how our report can help streamline your business, Speak to Analyst


REGIONAL ANALYSIS


This market is analyzed across North America, Europe, Asia Pacific, and the rest of the world.


Asia Pacific Electric Vehicle Control Unit Market Size, 2022 (USD Billion)

To get more information on the regional analysis of this market, Request a Free sample


Asia Pacific stood at USD 4.94 billion in 2022.The region dominated the market in 2022 and is expected to continue its dominance throughout the forecast period, with the fastest CAGR. The existence of a strong automotive sector in developing economies including China, India, Japan, and others, is supporting the market growth in the region. Additionally, high electric vehicle sales in India, China, and South Korea further propel the region's demand in this market.


Europe holds the second dominant position in the electric vehicle control unit sector as the region is an early adopter of electric vehicles. It is the second largest manufacturing hub for electronic components and electric vehicles globally. Increasing environmental concerns and stringent vehicle emission norms in European economies are impacting the manufacturers to adopt advanced features for efficient working to meet consumer preferences.


North America’s market growth is attributed to the increasing adoption of commercial transportation. The favorable incentives, subsidies, and tax rebate programs from governments is anticipated to boost the adoption of electric vehicles in the region.


KEY INDUSTRY PLAYERS


Market Players Focus on Increasing Product Portfolio to Secure Prominent Position


Major market players include Continental AG, Denso Corporation, and Hitachi Automotive Systems Ltd. Manufacturers of vehicle control units focus on offering cutting-edge electric vehicle control units for various vehicles worldwide.


Continental AG is one of the leading vehicle control unit manufacturers. The company focuses on research and development activities to develop new products with improved capabilities. The company provides an Electric Vehicle Control Module (VCU). The EV control module is a low-voltage control module and is responsible for most processes related to the functional aspects of electric or hybrid-electrical vehicles.  


List of Key Companies Profiled: 



KEY INDUSTRY DEVELOPMENTS:



  • In August 2023, Continental AG signed an agreement with Amazon Web Services to accelerate automotive software development. The company introduced virtual ECU Creator software (vECU Creator). The virtual ECU Creator is part of the Continental Automotive Edge (CAEdge) framework, which runs on Amazon Web Services (AWS). The new solution will drive development for software-defined vehicles from conceptualization to real-world application.

  • In January 2023, NVIDIA signed a strategic partnership agreement with Hon Hai Technology Group (Foxconn) to Hon Hai Technology Group (Foxconn). As per the partnership, Foxconn produces electronic control units (ECUs) based on NVIDIA DRIVE Orinfor the global automotive market. Foxconn-manufactured Electric Vehicles (EVs) will feature DRIVE Orin ECUs and DRIVE Hyperion sensors for highly automated driving capabilities.

  • In December 2022, HELLA received a customer order for its innovative Coolant Control Hub (CCH). The company will also get the Coolant Control Hub into series production for its all-electric pick-up or light truck platform. The company also received a series of orders for the performance line of a German premibutum manufacturer.

  • In May 2022, Tokai Rika Co., Ltd. (Tokai Rika) announced the progress of its mid-term business plan for the period ending in March 2031 (FY 2030). Tokai Rika plans to strengthen its semiconductor and Electronic Control Unit (ECU) businesses. The company will start external sales of semiconductors. It also aims to expand marketing channels for the sensors and actuators associated with the ‘zone ECUs’ and ECUs used in automakers’ next-generation electric platforms.

  • In October 2021, Continental signed a joint venture contract with Horizon Robotics to provide hardware and software-integrated solutions for Advanced Driver Assistance systems (ADAS) and automated driving. The company also signed an investment contract with Shanghai Jiading Industrial Zone for the new JV in Jiading District Shanghai.


REPORT COVERAGE


The electric vehicle control unit market research report provides a detailed analysis and focuses on key aspects such as leading market players, competitive landscape, and vehicle type. Besides, the report includes insights into the market trends and highlights key industry developments. In addition to the factors above, the report encompasses several factors that contributed to the market's growth in recent years.


An Infographic Representation of Electric Vehicle Control Unit Market

To get information on various segments, share your queries with us



REPORT SCOPE & SEGMENTATION




















































ATTRIBUTE



DETAILS



Study Period



2019-2030



Base Year



2022



Estimated Year



2023



Forecast Period



2023-2030



Historical Period



2019-2021



Growth Rate



CAGR of 17.4% from 2023 to 2030



Unit



Value (USD Billion)



Segmentation



By Vehicle Type



  • Passenger Car

  • Commercial Vehicle



By Propulsion Type



  • Battery Electric Vehicle



  • Hybrid Vehicle



By Application



  • ADAS

  • Body & Comfort

  • Infotainment

  • Others



 



By Region



  • North America (By Vehicle Type, Propulsion Type, and Application)


    • U.S.  (By Vehicle Type)

    • Canada (By Vehicle Type)

    • Mexico (By Vehicle Type)


  • Europe (By Vehicle Type, Propulsion Type, and Application)


    • Germany (By Vehicle Type)

    • U.K. (By Vehicle Type)

    • France (By Vehicle Type)

    • Rest of Europe (By Vehicle Type)


  • Asia Pacific (By Vehicle Type, Propulsion Type, and Application)


    • China (By Vehicle Type)

    • Japan (By Vehicle Type)

    • India (By Vehicle Type)

    • Rest of Asia Pacific (By Vehicle Type)


  • Rest of the World (By Vehicle Type, Propulsion Type, and Application)



 





Frequently Asked Questions

As per the Fortune Business Insights study, the market size was USD 9.68 billion in 2022.

The market is anticipated to grow at a CAGR of 17.4% over the forecast period (2023-2030).

The passenger cars segment is expected to lead the market due to the adoption of passenger vehicles globally.

The market size in Asia Pacific stood at USD 4.94 billion in 2022.

Continental AG, Denso Corporation, and Hitachi Automotive Systems Ltd. are some of the top key players in the market.

Asia Pacific held the largest share of the market in 2022.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts

Speak to an Expert
  • 2019-2030
  • 2022
  • 2019-2021
  • 150

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Automotive & Transportation Clients

GM
KIA
Toshiba
Deloitee
Hitachi

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X