The Body Control Module (BCM) is a specific type of electronic control-unit, which is responsible to monitor & regulate the electronic devices that are installed in an automobile. It interacts with the on-board processors by the vehicle bus, an internal communication-network that interconnects segments inside the vehicle whose prime application is commanding the load drivers – actuating relays that in turn perform various actions in the vehicle for instance securing the doors and dimming the salon overhead lamp. BCM enables the linking of inputs & outputs via powerful microprocessors. The most important functions of the BCM include the control of electrically adjustable mirrors, power windows, air conditioning, central locking, immobilizer and various other functions. Rising demand for small & reliable BCMs is a vital aspect of the growth in the market revenue of body control module as well as the integration of novel features in BCM and maturing the autonomous vehicles concept will foster market growth.
Referring to the study, “Global Body Control Module (BCM) Market, 2021-2027” the key companies operating in the global body control module market include Hella KGaA Hueck&Co., Robert Bosch GmbH, Continental AG, Aptiv PLC, Infineon Technologies AG and among others. The renowned players have strong distribution networks at worldwide level. Additionally, these players provide an extensive product range. Key strategies adopted by these players to maintain their market position are collaborations, new product developments, and contracts & agreements.
Based on product type, body control module market can be segregated as local interconnect network (LIN) bus and Controller Area Network (CAN) bus. The CAN bus dominate the global market owing to growth in internet of things (IoT) & connected car and growth of cloud computing technologies. In addition, based on application, market can be segregated as MCVs & HCVs, LCVs and passenger cars. Passenger car segment is anticipated to witness higher growth rate due to rise in demand for passenger cars in developing and developed countries during the forecast period.
Rise in demand for automotive components, followed by stringent safety regulations set by government for automotive industry, increase in body electronic functions in modern vehicles and rise in demand for advanced safety, comfort, and convenience features in vehicles are some major factors, which are responsible for growth of the body control module market. Apart from this, increase in complexity of module may impact the market. Moreover, increase in need for advanced driver assist features and rise in demand for electric & hybrid vehicles across the globe are leading opportunities for market.
Based on regional analysis, the Asia-Pacific is a leading region in “Global Body Control Module Market” owing to high adoptive rate of new technology across the region. The North-America and Europe regions are estimated to exhibit substantial growth rate due to proactive government support for development of novel technology over the forecast period. It is projected that future of the global body control module market will be bright because of large-scale demand for passenger & heavy commercial vehicles and growth in production of automotive vehicles as well as inclusion of more numbers of electronic units during the forecast period.
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Global Body Control Module Market Forecast 2021-2027
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