How Much Is The Automotive Electronics Control Unit Management (ECU/ECM) Industry Worth? March 08, 2022
A recent market research report published by Transparency Market Research states that the global automotive electronics control unit management market is anticipated to expand at a CAGR of 6.3% during the period between 2014 and 2022. The report, titled “Automotive Electronics Control Unit Management (ECU/ECM) Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2022,” projects the global automotive electronics control unit management market to stand at a valuation of US$43.72 bn by 2022. The overall market was worth US$28.6 bn in 2013.
Get a sample copy at:
https://www.transparencymarketresearch.com/sample/sample.php?
flag=S&rep_id=2067
Automotive electronics control units are widely used across various automobile segments such as commercial vehicles, utility vehicles, and passenger cars. Automotive electronics control unit management is implemented for the operation of various technologies including engine management, transmission control, body control, airbag restraint, and other systems. The ever-growing demand for automotive electronics control unit management from the emerging economies in Asia Pacific has fuelled the growth of the global automotive electronics control unit management market.
The report states that the growing demand for automotive embedded systems and the growing inclination toward a luxurious lifestyle have propelled the growth of the global automotive electronics control unit management market. However, the complexity of the system, coupled with cost pressures might play spoilsport in the growth of the market. The overall market has a huge opportunity to grow with the rise in the number of autonomous cars.
In terms of technology, the report segments the global automotive electronics control unit management market into the following systems: Engine management, transmission control, climate control, anti-lock braking, airbag restraint, power steering, and body control. Power steering dominates the market as the leading