Vancouver, BC -- (SBWIRE) -- 02/12/2021 -- As the growing number of ECUs per EV reduces efficiency, several automotive giants work together with OEMs to optimize the ECUs, while not affecting the automotive functionality. This saves space and reduces the weight of the vehicle, thereby minimizing fuel consumption. Various safety technologies, including adaptive cruise control, adaptive front lighting, and anti-lock brakes, are planned to introduce help regulations from government and regulatory agencies to improve road safety. The ECU Global Electric Vehicle Market is projected to be valued at USD 42.74 billion by 2027, registering a CAGR of 38.5% through the estimated timeline.

Market Drivers
The growing demand for electric passenger cars, the increased adoption of infotainment systems, and the increasing tendency for ADAS and advanced safety systems are among the main factors driving the ECU electric vehicle industry's development. Increased use of automated driving technology such as adaptive cruise control (ACC), automatic emergency braking (AEB), blind detection, parking assistance has driven market growth.

Regional Outlook
In terms of revenue, Asia Pacific led the industry with a market share of 53.2% in 2019 in terms of market value. The APAC region's market domination, led by China, is due to massive investment by emerging countries in the growth and production of electric vehicles, thereby driving the market for ECUs. North America is expected to rise at a CAGR of 37.9% in the projected timeframe. The rising need for energy-efficient vehicles and stringent government legislation to lower carbon emissions are driving the general demand on the industry.

Get access to FREE Sample PDF Copy of Electric Vehicle ECU Market at https://www.emergenresearch.com/request-sample/26

Key Highlights From The Report
By capacity, the 32-bit electric vehicle ECU sub-segment contributed to the largest market share in 2019. The 32-bit ECU components are primarily deployed in automotive parts attributed to the accompanying advantages such as the necessity of low power for operation and design simplifications.
By vehicle type, the commercial vehicle segment is likely to grow at a rate of 36.6% in the forecast period, owing to the rising incorporation of electric vehicles in commercial fleets, as well as increasing concern among fleet owners for the safety and security of the vehicle during transit.
By propulsion type, hybrid vehicles held a larger market share in 2019, as they are powered by both fuel and battery. Conversely, the BEVs are projected to witness a faster growth rate in the period 2020-2027.
By application, ADAS & safety systems, in terms of market size, dominated the electric vehicle ECU market in 2019. ADAS is the most demanding application, in terms of processing power, owing to its beneficial features comprising obstacle detection, lane departure warning & change assistance, juncture collision warning, and rollover & rear impact warning, among others for offering protection to the in-car passengers and common public.
The market in the Asia Pacific region accounted for a revenue of USD 1,600.4 Million in 2019. The market dominance of the APAC region, led by China, is due to massive investments by developing countries in the development and production of electric vehicles, thus driving the market for ECUs. The region is also expected to create substantial opportunities with continuous technological advancements to reduce the ECU count per vehicle.

Key participants include Altera, Atmel Corporation, Continental AG, DELPHI Technologies, Denso Corporation, Autoliv Inc., Dow Corning Corporation, Hitachi Automotive Systems, Ltd., Hella KGaA Hueck & Co., and Hyundai Mobis, among others.

You Can Download Free Sample PDF Copy of Electric Vehicle ECU Market at https://www.emergenresearch.com/request-sample/26
Capacity Outlook (Revenue, USD Billion; 2017-2027)
16-Bit
32-Bit
64-Bit

Vehicle Type Outlook (Revenue, USD Billion; 2017-2027)
Passenger Vehicle
Commercial Vehicle

Propulsion Type Outlook (Revenue, USD Billion; 2017-2027)
Battery Powered
Hybrid

Application Outlook (Revenue, USD Billion; 2017-2027)
ADAS & Safety Systems
Body Electronics
Powertrain
Infotainment
Others

Here are the questions we answer...
What are the future opportunities in store for the vendors operating in the Electric Vehicle ECU market?
What does the competitive landscape look like?
Which emerging technologies are believed to impact the Electric Vehicle ECU market performance?
What are the key trends and dynamics?
Which regulations that will impact the industry?
Which segment will offer the most opportunity for growth between 2020 and 2027?
Where will most developments take place in the long term?
Who are the most prominent vendors and how much market share do they occupy?
What are the latest technologies or discoveries influencing the Electric Vehicle ECU market growth worldwide?

Read more@ https://www.emergenresearch.com/industry-report/electric-vehicle-ecu-market

Table of Content
Chapter 1. Market Synopsis
1.1. Electric Vehicle ECU Market Definition
1.2. Electric Vehicle ECU Market Research Scope & Premise
1.3. Electric Vehicle ECU Market Methodology
1.4. Electric Vehicle ECU Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Electric Vehicle ECU Market Segmentation & Impact Analysis
4.1. Electric Vehicle ECU Market Product Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
Chapter 5. Electric Vehicle ECU Market By Method Insights & Trends
Chapter 6. Electric Vehicle ECU Market By End-Use Insights & Trends
Chapter 7. Electric Vehicle ECU Market By Application Insights & Trends
Chapter 8. Electric Vehicle ECU Market Regional Outlook
Chapter 9. Electric Vehicle ECU Market Competitive Landscape
Chapter 10. Company Profiles
Continue…