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Automotive ECU Market Share, Size,Growth, Key Players, Outlook
and Forecasts to 2024 | Hexa Research
“ The global automotive electronics control unit market is estimated to report
USD 53.91 billion by 2024”
13 December 2018
The global automotive electronics control unit market is estimated to report USD 53.91 billion by 2024 from
USD 35.1 billion in 2016 expanding at a CAGR of 6.7% from 2016 to 2024. Factors that fuel this industry are
widespread deployment of ECUs in electric vehicles and the popularity of infotainment systems. Surging
demand for electric vehicles is fuelled by ecological concerns and high focus on energy efficiency of vehicles.
Shift of focus towards green technologies propels the demand for driver-assist systems. This reduces the
excessive dependency on fossil fuels and also controls CO2 emissions. The growing popularity of electric
vehicles is another key factor that will fuel this industry in the forthcoming years.
The preference for sophisticated systems in mid-sized vehicles, such as navigation and high-end
communication systems will create opportunities for expansion of this industry. Increasing R&D expenditure
aimed at the production of cost-efficient components for various ECUs will fuel market demand. However,
owing to complexities in the consolidation of automotive domains, this market is likely to face certain
bottlenecks.
The global automotive ECU market is categorized on the basis of applications and geography. Based on
applications, the divisions are powertrain, chassis electronics, safety & security, entertainment, and
communication & navigation. The communication and navigation segment will expand significantly owing to
surging demand for sophisticated in-car features, eco-efficiency, and in-car data storage.
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