Electronics Control Management Market
Electronics Control Management Market for Automotive (Application Type - Engine Control Module, Transmission Control Module, Brake Control Module, Suspension Control Module, Body Control Module, ADAS Module; Vehicle Type - Passenger Vehicle, Commercial Vehicle, Electric Vehicle) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 - 2026
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Automotive Electronics Control Management Market – Snapshot
Automotive electronics plays an important role in newly manufactured vehicles. Vehicle electronic control modules are used to operate various multiple electrical sub-systems in the vehicle. Modern vehicles contain approximately 80 electronic control units (ECUs), in which the engine control module, transmission control module, brake control module, and body control module operate various electric sub-systems for optimised vehicle performance. Modern vehicles contain several features for enhanced comfort, which includes a complex structure of sensors, actuators, and electrical wirings. Electronic control units are designed according to the applications in order to deal with complex sensor structure and electrical wirings.
OEMs offer new technology in their vehicles in order to provide better driving experience and safety for consumers. Furthermore, increase in demand for additional safety norms, fuel-efficiency, and additional modern features is likely to fuel the demand for electronic control units. This, in turn, is expected to drive the automotive electronics control unit management market during the forecast period. Moreover, rising sales and production of premium vehicles is anticipated to boost the market. Demand for premium vehicles is rising, especially in China, due to car enthusiasts and increase in popularity of premium vehicles along with growing focus of major vehicle brands such as Cadillac, Lincoln, and Porsche, on the market in China. Significant adoption of electric vehicles across the globe, especially in North America, Europe, and China due to tougher emission norms, various incentives by government, competitive price of electric vehicles along with growing electric vehicle infrastructure, is likely to boost the sales of electric vehicles in the aforementioned regions and country. Almost all electric vehicles are equipped with modern technologies such as tire pressure monitoring system, blind spot detection, lane departure warning and others which require electronic control units. This, in turn, is expected to propel the automotive electronics control management market during the forecast period.
The global automotive electronics control management market has been segmented based on application type, vehicle, and region. In terms of application type, the global automotive electronics control management market has been classified into engine control unit, transmission control unit, brake control unit, ADAS control unit, and others. The transmission control unit segment is anticipated to expand at a significant pace owing to an increase in penetration of automatic transmission across the globe. Rising demand for fuel-efficient vehicles, along with increase in penetration of electric vehicles is anticipated to boost the adoption of automatic transmission in the near future. This, in turn, is anticipated to propel the transmission control unit segment during the forecast period. Advanced driver assistance systems (ADAS) is a prominent segment and is expected to expand at a rapid pace, which in turn is likely to propel the automotive electronics control management market during the forecast period. ADAS system includes technologies such as blind spot detection, lane keep assist, adaptive cruise control, automatic braking, driver drowsiness detection, and hill assist. Features such as lane keep assist and blind spot detection are playing important role in the enhancement of safety of vehicle. Therefore, vehicle manufacturers are providing these technologies and hence, the demand for electronic control units is likely to increase during the forecast period. Similarly, technologies such as adaptive cruise control and tire pressure monitoring system play a crucial role in providing better driving experience along with safety. All these new technologies are gaining popularity among consumer and OEMs due to their unique applications, which in turn is likely to propel the automotive electronics control management market during the forecast period.
Prominent regions considered for the analysis include North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Regional level analysis has been conceded out on the basis of vehicle production, technology adoption rate, GDP, presence of OEMs and society demand. Europe holds a prominent share of the global automotive electronics control management market. High rate of adoption of latest technologies, presence of major automotive OEMs, and demand from consumer side are driving the market. Consequently, the market in Europe is likely to expand at a significant pace during the forecast period. The market in Asia Pacific is projected to expand at a rapid pace during the forecast period. Growing sales of premium vehicles in China, India, Japan and South Korea and presence of major OEMs such as Volkswagen, Toyota, and Hyundai, are propelling the market in Asia Pacific. Therefore, the region is likely to emerge as significant market during the forecast period.
Key companies present in the global market are expected to gain advantage from new product development with other global players involved in the development of electronic control unit. Major players operating in the global automotive electronics control management market include Calsonic Kansei Corporation, Continental AG, Delphi Auto Parts, Denso Corporation, HELLA GmbH & Co. KGaA, Hitachi Automotive Systems, Ltd., HYUNDAI MOBIS, Infineon Technologies AG, Magneti Marelli S.p.A., Mitsubishi Electric Corporation, Robert Bosch GmbH, TREMEC, and ZF Friedrichshafen AG.
Automobile Industry’s Shift towards Electrical Systems to Promote Electronics Control Management Market
Automotive electronics are becoming increasingly common in the said industry. The automobile industry's full transition from mechanical to electrical systems, such as in-car networking, adaptive cruise control, and power steering is expected to boost demand for electronic control units in modern vehicles. Premium carmakers are developing cutting-edge technology such as sophisticated wiring system and cameras. Electronic control units are projected to witness a large increase in demand in an effort to prevent complicated architecture and to improve electric connections and data transmission. These factors are estimated to support growth of the global electronics control management market in near future.
Adoption of Latest Technologies by the Prominent Automobile Makers to Spur Demand in the Market
Augmented demand for fuel economy, as well as the increasing preference for safety and OEM’s acceptance and implementation of cutting-edge technology to provide a safer driving experience, is expected to augur well for the global electronics control management market in near future. In addition to that, augmented demand for electronic control units is expected to be fueled by rising purchase of luxury vehicle across the world. Increased sale of luxury vehicles is attributed to the rising per capita income, changing lifestyles, and a preference for comfortable vehicles. Premium cars are equipped with a variety of high-end technology, and as such, these vehicles have a large number of electronic control units (ECUs). As a result, the increase in luxury vehicle adoption is expected to propel the global electronics control management market forward in the years to come.
For automotive electronics control management, Asia Pacific is a major region. In the near future, the Asia Pacific region is expected to grow at a considerable pace. The presence of major car manufacturers such as Volkswagen, Hyundai, and Toyota and increasing trend of acceptance of new technologies in Asia Pacific, is expected to fuel the regional market.
Automotive Electronics Control Management Market – Overview
This report analyzes and forecasts the global automotive electronics control management market at the global and regional level. The market has been forecasted, based on value (US$ Mn) and volume (million units) from 2018 to 2026. The study includes drivers and restraints of the global automotive electronics control management market. It also covers the impact of these drivers and restraints on the demand for automotive electronics control management during the forecast period. Furthermore, the report highlights opportunities in the global automotive electronics control management market at the global and regional level.
The report comprises a detailed value chain analysis, which provides a comprehensive view of the global automotive electronics control management market. The Porter’s Five Forces model for the global automotive electronics control management market has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the global automotive electronics control management market for vehicles by segmenting it in terms of application type, vehicle, and region. These segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for automotive electronics control management in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers demand for individual application segments in all the regions.
The study includes profiles of major companies operating in the global automotive electronics control management market. Key players in the market include Calsonic Kansei Corporation, Continental AG, Delphi Auto Parts, Denso Corporation, HELLA GmbH & Co. KGaA, Hitachi Automotive Systems, Ltd., HYUNDAI MOBIS, Infineon Technologies AG, Magneti Marelli S.p.A., Mitsubishi Electric Corporation, Robert Bosch GmbH, TREMEC, and ZF Friedrichshafen AG. Market players have been profiled in terms of attributes, such as company overview, financial overview, business strategies, recent developments, and manufacturing footprints. The market for automotive electronics control management is primarily driven by expansion of the electric vehicle segment across the globe.
The report provides the estimated market size of automotive electronics control management for 2017 and forecast for the next nine years. The global market size of automotive electronics control management has been provided in terms of revenue and volume. Market numbers have been estimated based on key application type and vehicle for regional segments of the global automotive electronics control management market. Market size and forecast for each major Application Type, and Vehicle have been provided in terms of global and regional/country markets.
In order to compile the research report, we have conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We have reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search on recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be a reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources typically referred to include, but are not limited to, company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, American Automobile Association, European Automobile Manufacturers Association, Automotive Research Association of India, Organization International des Constructeurs d'Automobile (OICA), Factiva, etc.
Primary research involves e-mail interactions, telephonic interviews, linked-in interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We have conducted primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, market outlook, etc. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.
The global automotive electronics control management market has been segmented as follows: