Report ID: SQMIG25E2044
Report ID:
SQMIG25E2044 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|
Tables:
59 |
Figures:
75
Global Automotive Electronic Control Unit Market size was valued at USD 98.6 Billion in 2022 and is poised to grow from USD 103.63 Billion in 2023 to USD 154.28 Billion by 2031, at a CAGR of 5.10% during the forecast period (2024-2031).
The automotive electronic control unit (ECU) market is experiencing growth due to various factors such as the increasing demand for high-end vehicles, advancements in the electronics industry, and a range of federal regulations aimed at reducing fuel consumption. Additionally, rising consumer demand for vehicles with improved fuel economy has contributed to the market's expansion. The adoption of automotive driver-assisted system technology (ADAS), including adaptive cruise control (ACC), automatic emergency braking (AEB), and parking guidance, has also propelled the growth of the automotive ECU market. For instance, Continental Engineering Services collaborated with Sono Motors to produce the self-charging electric vehicle Sion with an ADAS system and software for torque management, climate control, and energy. However, the market growth is restrained by the increasing complexity and sophistication of electronic control units. The software for these units has a rising number of functions, which adds to its complexity, and the network structure and connectivity issues can cause technical flaws and result in problems with the engine's fuel scheduling and setting, negatively impacting vehicle performance. In addition, it can be difficult to connect several ECUs in inexpensive cars, and problems with the ECU can result in unexpected acceleration, increased fuel consumption, inadvertent airbag deployment, and decreased vehicle performance. Nevertheless, premium features like ambient lighting, ADAS, and body electronics provide drivers and passengers with a higher level of comfort and safety, and the demand for the semiconductors required for vehicle electrification is rising quickly alongside the creation and adoption of electric vehicles as part of the global effort to reduce carbon emissions. IGBTs, acting as effective power switches in inverters, are key components of power cards for electric vehicles.
US Automotive Electronic Control Unit Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG25E2044