Automotive Electronics Control Unit ( ECU ) Market Share , Size , Analysis , Growth , Trends and Forecasts , 2016 to 2024 | Hexa Research
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Automotive Electronics Control Unit ( ECU ) Market Share , Size , Analysis , Growth , Trends and Forecasts , 2016 to 2024 | Hexa Research
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
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