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 market.
New York, NY -- (SBWIRE) -- 11/22/2018 -- In 2017, Asia-Pacific accounted for the highest share in the Automotive ECU Market. The primary factors driving the 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 Automotive ECU Market 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.
- 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.
These market players operating in the 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 Market. Electric vehicles are increasingly being adopted worldwide owing to stringent regulations regarding vehicular emissions.
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The expanding global automotive industry, along with increasing demand for passenger cars majorly drives the Automotive ECU 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 market in the coming years.
Partial TOC of Automotive ECU Market: -
1. Industry snapshot
2. Ecosystem analysis
3. Market Dynamics
4. Industry analysis - Porter's five force
5. Degree of competition
6. Market PEST Analysis
7. Market Value Chain Analysis
8. Industry Trends
9. Competitive Ranking Analysis