Asia Pacific Automotive Electronic Control Unit Market Size, Share & Industry Trends Analysis Report By Vehicle, By Capacity, By Propulsion (Internal Combustion Engine (ICE), Hybrid, and Battery Powered), By Application, By Country and Growth Forecast, 2022 - 2028
Special Offering: Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
Get in-depth analysis of the COVID-19 impact on the Asia Pacific Automotive Electronic Control Unit Market
Market Report Description
The Asia Pacific Automotive Electronic Control Unit Market would witness market growth of 6.2% CAGR during the forecast period (2022-2028).
Some ECU integration is also being done by automakers which improves comfort and performance. For instance, Magma launched cameras and electronic control units in premium cars in February 2021, offering the advantage of 3D-view. This multi-camera system provides a 360-degree picture of the area around the vehicle, which is of outstanding quality, inexpensive, and incorporates technologies to make parking easier and increase comfort.
Furthermore, it improves the performance of auto systems like emergency braking and spotting and warning the driver of any obstructions seen to the camera due to ice, dirt, or rain. Levels 3 to 5 of autonomous driving require this on-the-road experience, which calls for greater 360-degree camera performance and system integration. The use of ECUs is further being enhanced by a growing trend toward automobile customization. Automobile makers are aware that every person has a unique range of requirements. In order to provide everyone with tailored solutions, they developed the most durable automotive computer, known as ECU tuning.
Asia's economies and sectors are continually changing, given the region's growing population. This region has the largest automobile industry in the world. With its high levels of production, the automotive industry which encompasses the production of motor vehicles as well as aftermarket parts, generates significant sales of both passenger cars and commercial vehicles for the region. The industry has a promising future due to the rising involvement of original equipment manufacturers in aftermarket activities and the consolidation of component distributors.
The China market dominated the Asia Pacific Automotive Electronic Control Unit Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $14,058 million by 2028. The Japan market is estimated to grow a CAGR of 5.5% during (2022 - 2028). Additionally, The India market would experience a CAGR of 6.9% during (2022 - 2028).
Based on Vehicle, the market is segmented into Passenger Cars and Commercial Vehicle. Based on Capacity, the market is segmented into 32-Bit, 16-Bit, and 64-Bit. Based on Propulsion, the market is segmented into Internal Combustion Engine (ICE), Hybrid, and Battery Powered. Based on Application, the market is segmented into Powertrain, Infotainment, ADAS & Safety System, Body Electronics, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH, Panasonic Corporation, Continental AG, Hitachi, Ltd. (Hitachi Astemo, Ltd.), Denso Corporation, HELLA GmbH & Co. KGaA, BorgWarner, Inc., ZF Friedrichshafen AG, and Autoliv Inc.
Scope of the Study
Market Segments Covered in the Report:
- Passenger Cars
- Commercial Vehicle
- Internal Combustion Engine (ICE)
- Battery Powered
- ADAS & Safety System
- Body Electronics
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Robert Bosch GmbH
- Panasonic Corporation
- Continental AG
- Hitachi, Ltd. (Hitachi Astemo, Ltd.)
- Denso Corporation
- HELLA GmbH & Co. KGaA
- BorgWarner, Inc.
- ZF Friedrichshafen AG
- Autoliv Inc.
Unique Offerings from KBV Research
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free