Technavio, a tech-focused market research firm, has published a new report on the global automotive ECU market, which is expected to grow at a CAGR of more than 7% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global automotive ECU market into the following key regions: the Americas, APAC, and EMEA.
|
GEOGRAPHICAL REGIONS |
MARKET SHARE 2016 (%) |
|
APAC |
43.63% |
|
EMEA |
29.63% |
|
Americas |
26.73% |
Source: Technavio
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Top three contributors for the global automotive ECU market are elaborated below
Automotive ECU market in EMEA: The automotive ECU market in EMEA is led primarily by Europe. The market’s growth in this region is attributable to the increased adoption of safety features and other luxury features in vehicles sold in the region.
According to Neelam Barau, a lead analyst at Technavio, specializing in research on automotive electronics, “Container technologies are the new trending factor, enabling advancement in ECU within the automotive market. This technology is helping software developers to package necessary libraries required to test and develop applications in a standardized manner. IT professionals are using container technologies to build software in a holistic IT environment.”
Automotive ECU market in Americas: North America accounts for a majority of the demand for automotive ECU in the Americas owing to the strong growth potential in the US and Mexico. The need to adhere to anti-theft regulations is expected to contribute to the demand for automotive ECU in the Americas during the forecast period.
Automotive ECU market in APAC: The market for automotive ECU in APAC is fueled by the surge in demand for automobiles because of increased disposable incomes and purchasing power. China, India, Thailand, Indonesia, and South Korea are the key revenue generating countries in the automotive ECU market in APAC.
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The top leading vendors operating in the global automotive ECU market are:
- Autoliv
- Robert Bosch
- Continental
- Delphi Automotive
- DENSO
Other prominent vendors in the market include Magna International, Hyundai Mobis, ZF TRW, Fujitsu Ten, Minda Corporation, KEFICO, Hitachi Automotive Systems, and Pektron.
A more detailed analysis is available in the Technavio report titled, ‘Global Automotive ECU Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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