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India Automotive Electronic Control Unit (ECU) Market: Segmented: By Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle, Electric Vehicle), By Application (Powertrain, Braking System, Body Electronics, ADAS, Infotainment), And Region -Analysis of Market Size, Share & Trends For 2019-2021 And Forecasts To 2031
[ 170 + Pages Research Report ] India Automotive Electronic Control Unit (ECU) Market to surpass USD 16.7 billion by 2031 from USD 8.13 billion in 2021 at a CAGR of 7.5% in the coming years, i.e., 2021-2031.
Embedded system used to manage the electrical systems in automobiles is called an automotive electronic control unit (ECU). It helps gather data from a variety of sensors that are mounted on vehicle parts and relies on actuators to control car functionality. Keyless entry, engine and steering control, power windows, heating, ventilation, and air conditioning (HVAC), among other features, are all operated by this data. Airbags and other active and passive safety measures like automatic emergency braking systems are also controlled by it. Additionally, more sophisticated ECUs use vehicle-to-vehicle (V2V) and vehicle-to-everything (V2X) technology to connect with the cloud as well as other vehicles and infrastructures.
India's Automotive Electronic Control Unit (ECU) Market is expected to project a notable CAGR of 7.5% in 2031.
The market for automotive electronic control units (ECUs) is anticipated to grow throughout the forecast period as a result of factors like rising automobile demand, strict safety rules imposed by the government, and technological advancements in the production of low-cost ECUs. The rising integration of cutting-edge safety, convenience, and comfort technologies in vehicles as well as the rise in demand for hybrid electric vehicles (HEV) and battery electric vehicles are additional major growth drivers of this market (BEV).
India Automotive Electronic Control Unit (ECU) Market: SegmentsThe Light Commercial Vehicles segment is expected to grow with the highest CAGR during 2021-31
Based on Vehicle Type, the India Automotive Electronic Control Unit (ECU) Market is fragmented into Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle, and Electric Vehicle. According to estimates, the market sector for light commercial vehicles has the biggest market share. Due to their advanced vehicle electronics features for increased comfort, convenience, and safety, luxury light commercial cars employ a lot of ECUs. Due to rising consumer spending power and an increase in demand for comfort and safety features in vehicles, the Asia Pacific area is seeing an increase in the market for luxury light commercial vehicles.
The ADAS segment is expected to grow with the highest CAGR during 2021-31
India Automotive Electronic Control Unit (ECU) Market is classified on the basis of application into Powertrain, Braking System, Body Electronics, ADAS, and Infotainment. According to estimates, the ADAS & safety system category will dominate the global market. Government regulations requiring more ADAS features as well as the incorporation of fundamental safety measures like ABS, airbags, and TPMS are both responsible for the market expansion in this sector.
The Growing Consumer Inclination towards Improved Lifestyles
The automobile industry is moving quickly into a new era marked by increasing sustainability, shifting consumer habits, the inclusion of connected and electric vehicles, mobility fleet sharing, and better lifestyles. The automotive industry is most promising in developing nations. The need for electronic control units (ECU) in these cars is also increased by the global desire for electric vehicles. India, for example, is the second-largest market for electric cars; hence, the growth of electric vehicles can be associated with the rise in demand for ECU in the region, which currently owns the largest market share in terms of both revenue and volume.
Increasing Adoption of the ECU System
Recently, highly spread control units have been installed in automobiles. Due to the electronic equipment in cars, each ECU has certain functional requirements, and as a result, each ECU's corresponding hardware components (such as wiring, computing platforms, and sensors) have grown more complicated. The integrated ECU can serve as a single unit for the tasks of many control units. Control units from many disciplines function in integration in accordance with general functional requirements.
High cost associated with the India Automotive Electronic Control Unit (ECU)
The market for automotive electronic control units in India is likely to see significant growth restraints due to the complexity and number of electronic control units (ECUs) that are expected to increase.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
The Asia Pacific region was immediately and severely affected by the COVID-19 epidemic. Businesses that have responded to the decline in global demand have been under a huge amount of pressure as a result, which could enhance merger and acquisition activity. Additionally, more than 70% of the enterprises have experienced a delay in their shipments due to the fact that the majority of the global players depend on Chinese players for the raw materials of the electronic systems and components. However, as the sales of electric vehicles are increasing in some countries during the epidemic, the market for automotive electronic control modules may resume its rise.
India Automotive Electronic Control Unit (ECU) Market Segments:
| Report Attribute | Details |
| Market size value in 2021 | USD 8.13 billion |
| Revenue forecast in 2032 | USD 16.7 billion |
| Growth Rate | CAGR of 7.5% from 2021 to 2031 |
| Base year for estimation |
2020 |
| Quantitative units |
Revenue in USD million and CAGR from 2021 to 2031 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Vehicle Type, Application, and Region |
|
Key companies profiled |
Continental AG, Denso Corporation, Robert Bosch GmbH, Delphi Automotive PLC, Hyundai Mobis Co. Ltd., Panasonic Corporation, Lear Corporation, Hitachi Automotive Systems Ltd., Magneti Marelli Spa, Pektron Group Limited, and Other Prominent Players. |
India Automotive Electronic Control Unit (ECU) Market to surpass USD 16.7 billion by 2031 from USD 8.13 billion in 2021 at a CAGR of 7.5% in the coming years, i.e., 2021-2031.
Continental AG, Denso Corporation, Robert Bosch GmbH, Delphi Automotive PLC, Hyundai Mobis Co. Ltd., Panasonic Corporation, Lear Corporation, Hitachi Automotive Systems Ltd., Magneti Marelli Spa, Pektron Group Limited
The Light Commercial Vehicles segment is expected to grow with the highest CAGR during 2021-31 is anticipated to hold the India Automotive Electronic Control Unit (ECU) Market
Drivers The Growing Consumer Inclination towards Improved Lifestyles
Embedded system used to manage the electrical systems in automobiles is called an automotive electronic control unit (ECU). It helps gather data from a variety of sensors that are mounted on vehicle parts and relies on actuators to control car functionality.
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