The global Automotive ECU Market is anticipated to reach around USD 67.7 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the passenger vehicles segment dominated the global market, in terms of revenue. In 2017, Asia-Pacific accounted for the majority share in the global Automotive ECU market.
The
expanding global automotive industry, along with increasing demand for
passenger cars majorly drives the market growth. The adoption of electric
vehicles has increased significantly owing to stringent government regulations
regarding vehicular emissions, thereby supporting market growth. Other factors
driving the market growth include growing demand of ADAS systems, technological
advancements, and modernization of vehicles. New emerging markets, emerging
consumer demographics, and increasing demand of vehicles would provide growth
opportunities for automotive ECU market in the coming years.
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Market
players operating in the global automotive ECU market are investing
significantly in research and development and technological innovation to
develop advanced products to meet the growing consumer demands. The development
of autonomous vehicles is significantly increasing the demand for automotive
ECU. Electric vehicles are increasingly being adopted worldwide owing to stringent
regulations regarding vehicular emissions.
In
2017, Asia-Pacific accounted for the highest share in the global automotive ECU
market. The primary factors driving the automotive ECU market growth in the
region include established automotive industry, technological advancements, and
high investment in R&D. The introduction of stringent government
regulations regarding vehicular safety and emissions accelerates the adoption
of automotive ECU in the region. The economic growth in countries such as China,
Japan, and India, increasing development of autonomous vehicles, and growing
automotive modernization further increases the demand of automotive ECU in the
region.
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The
well-known companies profiled in the report include Denso
Corporation, Lear Corporation, Continental AG, Delphi Automotive PLC, Hella
KGaA Hueck & Co., ZF Friedrichshafen AG, Robert Bosch GmbH, Autoliv Inc,
Hitachi Automotive Systems, Ltd., and Infineon Technologies AG. These companies
launch new products and collaborate with other market leaders to innovate and
launch new products to meet the increasing needs and requirements of consumers.
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