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The Europe Automotive Electronic Control Unit Market would witness market growth of 5.2% CAGR during the forecast period (2022-2028).
The two-control unit options feature quick information delivery processing. For the purpose of keeping track of the surroundings around the vehicle, the ADAS ECU processes data from the cameras and LIDAR sensor. With the advancements in the electronics industry, the demand for automotive cars is rising further.
Other factors boosting the implementation of ECUs more fervently in the automobile industry are the demand for improved fuel efficiency and a number of government initiatives to reduce fuel use include. The shift in consumer preference toward alternative vehicle options, like hybrid and battery electric vehicles, in industrialized countries has also made a significant contribution to the expansion of the ECU. With the developed countries planning to control their emission output, automotive ECUs sales are gaining a boost.
The success of Europe depends on the automotive sector. The EU is one of the world's top makers of automobiles, and this industry represents the greatest private investor in R&D. The European Commission encourages global technology standardization and provides funds for R&D in an effort to increase the competitiveness of the EU automobile industry and maintain its position as a technological leader worldwide.
The Germany market dominated the Europe 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 $9,149.7 million by 2028. The UK market is anticipated to grow at a CAGR of 4.3% during (2022 - 2028). Additionally, The France market would display a CAGR of 6% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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.
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