The Global
Automotive ECU Market is expected to reach USD 45.98 billion by 2020, according
to a new study by Grand View Research, Inc. Increasing expenditure on R&D
in order to lower the ECU costs is expected to propel market growth over the
forecast period. Stringent government regulations for advanced safety features,
facilitated by low-cost ECU development are expected to fuel automotive ECU
market growth. Recent development in ECU technology is oriented towards making
devices more sophisticated. Proliferation of in-car infotainment systems in
various segments is expected to drive the automotive ECU market through the
forecast period.
Continuous
growth in the number of embedded components used by automotive manufacturers
has spotlighted new opportunities for suppliers. Emergence of V2V and V2I
connected systems is expected to spur market growth through the forecast
period.
High level
of complexity due to integration of automotive domains in order to combine
individual ECUs into ECU domains would pose a challenge to market growth. Growing
consumer preference towards sophisticated equipment in mid-sized vehicles such
as high-end communication & navigation systems is expected to yield
opportunities for the automotive electronics market.
To request a
sample copy or view summary of this report, click the link below:
Further key findings from the study suggest:
- Safety & security systems segment accounted for the majority of market share in 2013 and is further expected to generate high revenue through the forecast period. Rising safety awareness among consumers is fueling the demand for airbags and anti-lock breaking systems across various vehicle segments.
- Communication & navigation systems application segment is expected to witness high demand for automotive ECUs over the forecast period. This can be attributed to advanced features such as in-car data storage, eco-efficiency and sophisticated in-car features. Increasing emphasis on road safety with connected systems is expected to be the key growth driver for the segment.
- Asia Pacific is expected to witness high growth due to rising safety installations and increased manufacturing activities. Countries such as China and Japan are expected to favorably impact regional market growth. Newly mandated warning systems for onboard diagnostics systems that help owners to monitor emissions is expected to drive the North America market.
- Prominent companies operating in the automotive ECU market include Delphi, Bosch, Continental AG, Denso, TRW Automotive, Autoliv, etc. Key market participants invest heavily in R&D to offer product differentiation as well as cost-effective ECUs by building technology partnerships with other participants in the ecosystem.
See More
Reports of This Category:
About
Grand View Research:
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email:
sales@grandviewresearch.com
No comments:
Post a Comment