Automotive Electronic Control Unit Market to Hit USD 94.58 Billion by 2029; ECU Remapping in Vehicles to be a Vital Trend Boosting the Markets Growth

The global automotive electronic control unit (ECU) market size is anticipated to hit USD 94.58 billion by 2029. Fortune Business Insights^TM has presented this information in its report titled, “Automotive Electronic Control Unit Market Size, Share & COVID-19 Impact Analysis, By Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle, and Electric Vehicle), By Application (Powertrain, Braking System, Body Electronics, ADAS, Infotainment) and Regional Forecasts, 2022-2029”, and observes that the market size stood at USD 53.13 billion in 2021 and USD 58.31 billion in 2022. The rising adoption of integrated automotive electronic control units and increasing emphasis on vehicle owner data protection are vital factors stimulating the market’s growth.

The global coronavirus pandemic devastated the growth of the global automotive industry. The reduced demand for automotive electronic control units due to low demand for vehicles affected the market’s growth. The declined consumer demand due to lockdowns, curfews, high unemployment rates, labor shortages, and financial crisis affected the market’s growth. Nonetheless, improving vehicle sales are helping the market gain traction, and the market is likely to gain substantial growth in the coming years.

Delphi Technologies’ Acquisition by BorgWarner Inc. to Incite Development

In October 2020, Delphi Technologies was acquired by BorgWarner Inc. The acquisition is aimed to fortify BorgWarner’s power electronic products, power electronics, and electronic control unit. The deal worth USD 3.3 billion is estimated to help BorgWarner Inc. enhance its portfolio across electric, combustion, and hybrid vehicles. The acquisition will help in fortifying electronics and power electronics products, scale, and capabilities, aiding BorgWarner Inc. to pioneer in electrified propulsion systems.

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https://www.fortunebusinessinsights.com/industry-reports/automotive-electronic-control-unit-ecu-market-101595

Escalating Vehicle Owner Data Protection Concerns to Fuel Market Growth

Accessing vehicle owner data is crucial, but the increasing cases of data theft have inclined consumers to protect their personal data. Data security is a big concern in today’s era. Therefore, this increasing emphasis on vehicle owner data protection is expected to be a vital factor stimulating the global automotive electronic control unit market growth. The highly distributed these control units in vehicles occupy substantial space when a vast number of ECUs are installed on a vehicle. Thus, to avoid extra weight and space utilization, manufacturers are installing integrated ECUs to perform multiple control functions from a single unit. Hence, the rising adoption of integrated ECUs is likely to boost growth.

Major Players Adopt Ingenious Strategies to Capture Growth

The major players operating in the market adopt various growth strategies, including partnerships, collaborations, mergers, acquisitions, and others. For instance, in October 2021, Delphi Technologies was acquired by BorgWarner Inc. The acquisition is aimed to fortify BorgWarner’s power electronic products, power electronics, and electronic control unit.

Industry Developments-

• September 2020: Denso Corporation unveiled a new electric power steering motor control unit (EPS-MCU). The new product offers enhanced safety and handling to vehicles.

List of Key Market Players-

• ZF FRIEDRICHSHAFEN AG (Friedrichshafen, Germany)
• Continental AG (Hanover, Germany)
• Denso Corporation (Kariya, Aichi, Japan)
• Hyundai Mobis (Seoul, Korea)
• Autoliv (Stockholm, Sweden)
• Robert Bosch GmbH (Stuttgart, Germany)
• Altera (Intel Corporation) (California, U.S.)
• Valeo Inc. (Paris, France)
• Delphi Technologies (London, U.K.)
• NXP Semiconductors N.V. (Eindhoven, Netherlands)

Further Report Findings-

• Asia Pacific is predicted to dominate the global automotive electronic control unit market share. The rising personal disposable income levels and soaring demand for passenger cars are expected to complement the market’s growth in the coming years.
• According to the segmentation based on application, the ADAS segment is anticipated to attain the highest growth in the market.

Table of Segmentation