AECU is an embedded system that controls electrical components in vehicles. The global AECU market is projected to witness significant growth during the forecast period, owing to increase in demand for automotive, developments related to manufacturing of low-cost ECUs, and rise in demand for advanced features in vehicles.
Portland, OR -- (SBWIRE) -- 10/02/2017 -- Automotive Electronic Control Unit (AECU) Market is a type of embedded system that is used to control electrical components in vehicles. The global AECU market is anticipated to witness significant growth during the forecast period, owing to increase in demand for automotive, developments related to manufacturing of low-cost ECUs, and rise in demand for advanced features in vehicles. The market growth is driven by rise in demand for electric & hybrid electric vehicles and need for advanced driver assistance features. However, increase in complexity of automotive ECU hampers the market growth.
According to a new report published by Allied Market Research, titled, Automotive Electronic Control Unit Market by Technology and Application: Global Opportunity Analysis and Industry Forecast, 2014-2022, the global automotive electronic control unit (AECU) market is estimated to reach $49,893 million by 2022 from $32,054 million in 2015. Asia-Pacific accounted for the highest share in 2015, and is anticipated to maintain its dominance throughout the forecast period.
The global AECU market is segmented on the basis of technology, vehicle type, and geography. Based on technology, the market is categorized into transmission control system, engine management system, antilock braking system, climate control system, power steering system, airbag restraint system, and body controls system. Applications covered in the study include utility vehicles, passenger cars, and commercial vehicles. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Increase in sales & production of vehicles and stringent government regulations toward passenger safety fuel growth of the automotive ECU market. In addition, developments related to low-cost ECUs and increase in demand for advance features in vehicles supplements the market growth. However, increase in complexities in the system hindering the growth of the market. Irrespective of these challenges, rise in demand for electric & hybrid vehicles and need for advanced driver assistance features are expected to provide various opportunities for the market growth.
Key Findings of the Automotive Electronic Control Unit Market:
- In 2015, power steering system segment led the overall AECU market, and is projected to grow at a CAGR of 5.7% during the forecast period.
- Passenger car segment dominated the market in 2015, and is projected to grow at a CAGR of 6.3%.
- Asia-Pacific accounted for the largest market share in 2015, and is anticipated to grow at a CAGR of 7.6%.
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