Showing posts with label Global Automotive Control Unit Market. Show all posts
Showing posts with label Global Automotive Control Unit Market. Show all posts

Wednesday, November 9, 2022

3 Key Insights on Competitive Landscape in Global Automotive Electronic Control Unit (ECU) Market: Ken Research

Global Players Dominate the Market Holding nearly Half of Revenue Share Despite the Presence of about 100 Competitors Comprising Global Players, Regional Players, and Country-Niche Players finds a recent market study on the Global Automotive Electronic Control Unit (ECU) Market by Ken Research

An automotive electronic control unit (ECU) is an essential component that helps and controls in the operation of multiple features and parameters. It is an embedded system that houses multiple control units for the proper functioning of a vehicle. A typical ECU comprises a microcontroller, memory chips, a power supply unit, a communication bus unit, and embedded software.

Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.

 1. Regional Players comprise ~55% of the Total Number of Competitors while Global Players constitute 25%

A comprehensive competitive analysis conducted during the Research Study found that the Global Automotive Electronic Control Unit (ECU) Market is highly competitive with ~100 players which include globally diversified players, regional players as well as a large number of country-niche players who have their niche in Automotive Electronic Control Unit (ECU). The global players comprise ~25% in terms of the number of companies and hold about half of the market share. Major players in the market are adopting growth strategies like collaboration, launches, expansion, investments, and others to gain significant market share.

Competitive Landscape Global Automotive Electronic Control Unit (ECU) Market

2. Leading Global Players are Actively Launching ECUs for Autonomous Vehicles

Detailed comparative analysis of key competitors available within the Research Study shows that key players such as Denso Corporation, Mitsubishi Electric, and Veoneer Inc among others are highly focused on strategic developments including product launch, technical product development, and others to fulfill the growing demand for end-users. Furthermore, several companies are involved in initiating new projects related to ECU and launching new products in the market, which is expected to fulfill the demand of end-users.

  • In December 2021, TTControl launched a high-performance TTC 2000 series of electronic control units (ECU). The new series consists of compatible ECU with varying processing power, scalable according to advanced and automated off-highway applications. The company aimed to meet the needs of intelligent vehicles.

Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDg1

Comparison of key Competitors and Revenue of Global Automotive Electronic Control Unit (ECU) Market

3. Increased Manufacturers Initiatives Promote Automotive Electronic Control Unit (ECU) Growth and Development 

  • In April 2022, Renesas Electronics Corp. launched an integrated platform for automotive ECU Virtualization solutions. The new platform combines Renesas’ RH850/U2x MCUs together with ETAS’ RTA-HVR software. The integrated platform enables designers to integrate multiple applications into a single ECU.
  • In August 2021, Intron a new platform named OPEN-ECU, a technological sharing platform that initiates a new ecosystem for the Automotive Industry. The new platform serves the ecosystem partners to focus on core technologies and product solutions for the intelligent vehicle. The platform provides the development and design of software and hardware, and resources of technology that include software source codes and hardware source files, to offer technology related to intelligent vehicles and connectivity to automotive developers. The company aimed to empower the development of the automotive industry.

For more information on the research report, refer to the below link:-

Global Automotive Electronic Control Unit (ECU) Industry

Monday, November 7, 2022

3 Key Insights on US$ 75 Bn Opportunity in Global Automotive Electronic Control Unit (ECU) Market: Ken Research

 Buy Now

Driven by the rising trend of adopting integrated ECUs, growing demand for luxurious cars and innovation in the electric vehicle segment, and growing popularity of ADAS, parking assistance, AEB, and ACC features, the Global Automotive Electronic Control Unit (ECU) Market is Forecasted to reach nearly US$ 75 Bn by 2028 says Ken Research Study

An automotive electronic control unit (ECU) is an essential component that helps and controls the operation of multiple features and parameters. It is an embedded system that houses multiple control units for the proper functioning of a vehicle. Nowadays, there can be more than 50 different ECUs in a single vehicle ranging from engine control, powertrain, brake control, airbags, and suspension control among others.

Ken Research shares 3 key insights on this high-opportunity market from its latest research study.

1.    Automotive Electronic Control Unit (ECU) Market is Expected to Witness Enormous Growth Owing to Rising Electric Vehicle Demand

Surging demand for electric vehicles among consumers for their safety and luxury features is anticipated to boost the demand for ECUs. The rising trend for the adoption of integrated ECUs, growing demand for advanced features in vehicles, and increasing initiatives of manufacturers to develop low-cos ECUs are likely to aid in the growth of the Global Automated Electronic Control Unit (ECU) Market. However, the high cost associated with OEM ECUs and increased complexity in design may impede the growth of the market.

According to Ken Research estimates, the Global Automotive Electronic Control Unit (ECU) Market – valued at around US$ 40 Bn in 2017 and estimated to reach nearly US$ 55 Bn by 2022 – is expected to grow to around US$ 75 Bn opportunity by 2028.

Global Automotive Electronic Control Unit (ECU) Market Revenue Forecast

2.    ADAS, Parking Assistance, AEB, and ACC Features Tend to Boost Automotive ECU Market Demand

The rising demand for advanced features such as advanced driving-assisted features (ADAS), automatic emergency braking (AEB), adaptive cruise control (ACC), parking assistance, and others to offer enhanced safety in all types of vehicles is increasing the demand for automotive ECUs in the market. Moreover, the shift of consumers’ preference towards hybrid and battery electric vehicles to experience luxury, ease in driving, low maintenance, security concerns, enhanced safety, and others is expected to fuel the growth of the Global Automotive Electronic Control Unit (ECU) Market.

The below graph depicts the increased autonomy level in Western Europe forecasted till 2025.

Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDg1

Western Europe Autonomy Levels

3.    High Cost of OEM ECUs and Quality Trade-off of Aftermarket ECUs Hamper the Market Growth

The high cost associated with ECU, ECU repair/replacement, labor cost in re-programming and installation, and other costs may hinder the growth of the market. Any failure in the automotive electronic control unit may negatively affect vehicle performance or may cause intermittent faults like fire, stall, and others. Failure in ECU may also lead to a reduction in acceleration, power, and efficiency. Any sort of technical failure in ECUs can add up to the cost of the repair. All the above-mentioned factors may decrease the demand for automated vehicles and may restrict the growth of the market.

The below graph depicts the average cost of automotive ECU in different stages in US$.

Average Cost of Automotive ECU Stages

For more information on the research report, refer to the below link:-

Global Automotive Electronic Control Unit (ECU) Market