Automotive Electronic Control Unit Market Forecast, 2016-2024 Automotive ECU Market Forecast, 2016-2024 (New) | Page 4

Passenger car segment generated the highest revenue
of $18.13 billion in 2016 and is expected to grow at a
CAGR of 6.3% during forecast
Passenger Cars lead the global automotive electronic control
unit market in 2016 holding more than 50% market share.
This is because of the increased requirement of commercial
vehicles in the developed and developing economies around
the globe. However, commercial vehicle AECU market is
expected to witness the highest CAGR of 7.6% during the
forecast period. This is because, global market for heavy
commercial vehicles has been constantly expanding and is
expected to continue the same pattern. In 2016, approx. 3
million trucks were sold worldwide.