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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