TechNavio today launched its report Automotive ECU Market in Europe 2011-2015 based on an in-depth study focusing exclusively on the European market. The report aims to aid decision makers’ understanding of the present and the future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Automotive team said; ”As a result of the development of new technologies, the overall cost of manufacturing electronic control unit (ECU) is expected to decrease. Moreover, the increasing expenditure on R&D of low-cost ECUs will be a key trend in the future, which will lead to the growth of the Automotive ECU market in Europe. Both manufacturers and government will increase their expenditure on R&D of automotive electronic systems to develop low-cost ECU for various electronic control systems in motor vehicles. Further, there will be increased spending on the development of infrastructure to support the industry, which will propel the growth of the Automotive ECU market in Europe.”
According to the report, the various initiatives taken by the EU to increase the passenger safety has led to the increased demand and application of automotive safety systems in the Automobile sector, which drives the demand of various ECUs used in vehicles.
Further, the report also discusses that the high cost of automotive electronics has also become a challenge for the Automotive ECU market in Europe.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/automotive-ecu-market-europe-2011-2015.
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TechNavio Announces the Publication of its Report – Automotive ECU Market in Europe 2011-2015
