Automotive Electronic Control Unit Market Size to Grow Almost $11 Billion Despite the Impact of COVID-19 | Technavio

Technavio has been monitoring the automotive electronic control unit market and it is poised to grow by USD 10.94 billion during 2020-2024, progressing at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201124005234/en/

Technavio has announced its latest market research report titled Global Automotive Electronic Control Unit Market 2020-2024 (Graphic: Business Wire)

Click & Get a Free sample report in minutes

Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the automotive electronic control unit market. The market growth in 2020 is likely to decrease compared to the market growth in 2019.

Frequently Asked Questions:

• Based on segmentation by application, which is the leading segment in the market?
  The safety systems segment led the market in 2019.
  
• What are the major trends in the market?
  Increasing electrification in vehicles is the major trend in the market.
  
• At what rate is the market projected to grow?
  The market is projected to grow at a CAGR of almost 5% during 2020-2024.
  
• Who are the top players in the market?
  Aptiv Plc, Autoliv Inc., Continental AG, DENSO Corp., Hitachi Ltd., Magna International Inc., MAHLE GmbH, Mitsubishi Electric Corp., Robert Bosch GmbH, and ZF Friedrichshafen AG are the top players in the market.
  
• What are the key market drivers and challenges?
  The market is driven by the declining price of sensors. However, data security concerns might hamper growth.

Related Reports on Consumer Discretionary Include:

Global Autonomous Vehicle ECU Market - Global autonomous vehicle ECU market segmentation by application (Semi-autonomous and Autonomous) and geography (North America, Europe, APAC, South America, and MEA). Click Here to Get an Exclusive Free Sample Report

Global Automotive Airbag Electronic Control Unit Market - Global automotive airbag electronic control unit market segmentation by application (passenger cars, LCVs, and MCVs and HCVs) and geography (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Aptiv Plc, Autoliv Inc., Continental AG, DENSO Corp., Hitachi Ltd., Magna International Inc., MAHLE GmbH, Mitsubishi Electric Corp., Robert Bosch GmbH, and ZF Friedrichshafen AG are some of the major market participants. Although the declining price of sensors will offer immense growth opportunities, data security concerns are likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this automotive electronic control unit market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Automotive Electronic Control Unit Market 2020-2024: Segmentation

Automotive Electronic Control Unit Market is segmented as below:

• Application
  • Safety Systems
  • Chassis Electronics
  • Powertrain
  • Entertainment
  • Communication And Navigation
• Geography
  • APAC
  • Europe
  • North America
  • South America
  • MEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR45632

Automotive Electronic Control Unit Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive electronic control unit market report covers the following areas:

• Automotive Electronic Control Unit Market Size
• Automotive Electronic Control Unit Market Trends
• Automotive Electronic Control Unit Market Industry Analysis

This study identifies increasing electrification in vehicles as one of the prime reasons driving the Automotive Electronic Control Unit Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio's SUBSCRIPTION platform

Automotive Electronic Control Unit Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist automotive electronic control unit market growth during the next five years
• Estimation of the automotive electronic control unit market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the automotive electronic control unit market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of automotive electronic control unit market vendors

Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Application

• Market segments
• Comparison by Application
• Safety systems - Market size and forecast 2019-2024
• Chassis electronics - Market size and forecast 2019-2024
• Powertrain - Market size and forecast 2019-2024
• Entertainment - Market size and forecast 2019-2024
• Communication and navigation - Market size and forecast 2019-2024
• Market opportunity by Application

Customer Landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Aptiv Plc
• Autoliv Inc.
• Continental AG
• DENSO Corp.
• Hitachi Ltd.
• Magna International Inc.
• MAHLE GmbH
• Mitsubishi Electric Corp.
• Robert Bosch GmbH
• ZF Friedrichshafen AG

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

   

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201124005234/en/