LAMEA 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
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Market Report Description
The Latin America, Middle East and Africa Automotive Electronic Control Unit Market would witness market growth of 9.0% CAGR during the forecast period (2022-2028).
Depending on the terrain and area they want to drive in, drivers can quickly change settings many times. The ECU that the manufacturer installs is very configurable to guarantee that the drivers have a comfortable journey wherever they choose to go. The huge aftersales market for ECU tuning and remapping is greatly influencing the demand as well.
The increase in safety because of these ECUs, has also gained much support from the public and government alike. The adaptive cruise control ECU is rightly utilized as the demand for driver-less cars arises more. Most accidents that happen because of minute carelessness on the part of the driver are now avoidable to a greater extent. Maintaining a constant distance on highways, controlling vehicle speed, and checking for sudden hindrances, are now done by ECUs.
In the Latin America region, Brazil has shown improvements in the sales of automobiles, reaching their highest level in five years. The auto industry experienced the fastest growth of any significant market in the nation despite a slowdown in auto sales globally, acting as a much-needed safety net for automakers including General Motors Co., Volkswagen AG, and Fiat Chrysler Automobiles NV. The newfound interest here has pushed the ECUs' growth as well.
The Brazil market dominated the LAMEA 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 $2,741.4 million by 2028. The Argentina market is experiencing a CAGR of 9.6% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 8.7% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Saudi Arabia
- South Africa
- Rest of LAMEA
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.
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