Automotive ECU Carbon Market is expected to reach US$ 42,649.95 Million by 2028

Popularity of Autonomous Cars to Provide Growth Opportunities for Automotive ECU Market During 2021–2028

According to our latest market study on “Automotive ECU Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Application, Propulsion Type, ECU Capacity, Vehicle Type, and Geography,” the market is expected to grow from US$ 28,155.75 million in 2021 to US$ 42,649.95 million by 2028; it is estimated to grow at a CAGR of 6.1% from 2021 to 2028.

The automakers globally are experiencing a substantial demand for smart devices in their vehicles. This has led automobile manufacturers to continuously engage in bringing innovations in the design and operation of autonomous cars, which have already attracted a fair percentage of customers in major automotive manufacturing countries. With the consumers' demand and attraction toward smart and fully-autonomous cars, semiconductors have become an integral part of innovations in the automotive sector. The growth trajectory of fully-autonomous cars depends upon parameters such as improvements in technology landscape, consumer preference to adopt ICE cars, pricing and the ability of suppliers and OEMs to address the critical concerns related to the safety of vehicles. As a result, companies in the automotive industry are continuously focusing on improving and integrating robust technologies in cars as well as negotiating the prices of raw materials. This factor is expected to trigger the adoption of automotive ECUs in these vehicles the coming years for optimizing vehicle safety and performance, thus contributing to the automotive ECU market growth.

The global automotive ECU market is segmented on the basis of application, propulsion type, ECU capacity, vehicle type, and geography. Based on application, the market is segmented into ADAS and safety system, body control and comfort system, infotainment and communication system, and powertrain system. In 2020, the ADAS and safety system segment led the market, accounting for the largest market share. By propulsion type, the automotive ECU market is segmented  into electric, hybrid, and ICE. In 2020, the ICE segment led the market, accounting for the largest market share. Based on ECU capacity, the market is segmented into 16-bit ECU, 32-bit ECU, and 64-bit ECU. In 2020, the 32-bit ECU segment led the market, accounting for the largest market share. Based on vehicle type, the automotive ECU market is segmented into heavy duty, medium duty, and light duty. In 2020, the light duty segment accounted for the largest market share. Geographically, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2020, APAC accounted for a significant share in the global market.

Impact of COVID-19 Pandemic on Automotive ECU Market

The COVID-19 pandemic has had a severe impact on the global automotive industry. In North American countries, the disease outbreak led to the shutdown of assembly plants, putting a pause on the production of passenger and commercial vehicles, which has hampered the revenue performances of several manufacturers in the region. The shuttering of assembly plants has also impacted on the manufacturing of ECUs. However, the impact of COVID-19 is projected to continue for a short term, and the automotive ECU market in North America is likely to grow at a swift pace in the next 3–4 years. Furthermore, The COVID-19 pandemic has shaken Europe’s automotive sector owing to factory shutdowns, travel bans, and limited consumer spending power, spelling disaster for the newer vehicle market. According to the European Automobile Manufacturers' Association (ACEA) report, commercial vehicles registrations in the country collapsed by 18.9% in 2020. The significant decline in sales further hampered vehicle production, thereby lowering the demand for automobile components, which, in turn, hindered the growth of the automotive ECU market in Europe. Similarly, vehicle and automotive component manufacturers in Asia Pacific witnessed a steep fall in production and demand due to the impact of COVID-19 on the global supply chains and people's spending capacities. Severe shortage in the supply of microprocessors and semiconductors used in ECUs reduced the production and sales volume of key players operating in the region. Therefore, after the initial negative impact of the COVID-19 pandemic on the global automotive ECU market, it is recovering at an accelerating rate.

Aptiv, Autoliv Inc., Continental AG, Denso Corporation, Intellias Ltd., Marelli Europe S.p.A., Mitsubishi Electric Corporation, Robert Bosch GmbH, Transtron Inc., and ZF Friedrichshafen AG are among the major companies operating in the automotive ECU market.

Automotive ECU Market — by Geography, 2020 and 2028 (%)

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Automotive Electronic Control Unit Market Size, Analysis | Report 2028

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Automotive ECU Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Application (ADAS and Safety System, Body Control and Comfort System, Infotainment and Communication System, and Powertrain System), Propulsion Type (Electric, Hybrid, and ICE), ECU Capacity (16-Bit ECU, 32-Bit ECU, and 64-Bit ECU), and Vehicle Type (Heavy Duty, Medium Duty, and Light Duty)