The global automotive ECU market is expected to reach USD 45.98 billion by 2020. Increasing expenditure on R&D in order to lower the ECU costs is expected to propel market growth over the forecast period. Stringent government regulations for advanced safety features, facilitated by low-cost ECU development are expected to fuel automotive ECU market growth.
Recent development in ECU technology is oriented towards making devices more sophisticated. Proliferation of in-car infotainment systems in various segments is expected to drive the automotive ECU market through the forecast period.
Continuous growth in the number of embedded components used by automotive manufacturers has spotlighted new opportunities for suppliers. Emergence of V2V and V2I connected systems is expected to spur market growth through the forecast period.
View Full Report with TOC @ http://www.radiantinsights.com/research/automotive-ecu-market-analysis-by-application-powertrain-chassis-electronics-safety-amp-security-entertainment-communication-amp-navigation-and-segment-forecasts-to-2020
High level of complexity due to integration of automotive domains in order to combine individual ECUs into ECU domains would pose a challenge to market growth. Growing consumer preference towards sophisticated equipment in mid-sized vehicles such as high-end communication & navigation systems is expected to yield opportunities for the automotive electronics market.
Further key findings from the study suggest:
Safety & security systems segment accounted for the majority of market share in 2013 and is further expected to generate high revenue through the forecast period. Rising safety awareness among consumers is fueling the demand for airbags and anti-lock breaking systems across various vehicle segments.
Communication & navigation systems application segment is expected to witness high demand for automotive ECUs over the forecast period. This can be attributed to advanced features such as in-car data storage, eco-efficiency and sophisticated in-car features. Increasing emphasis on road safety with connected systems is expected to be the key growth driver for the segment.
Asia Pacific is expected to witness high growth due to rising safety installations and increased manufacturing activities. Countries such as China and Japan are expected to favorably impact regional market growth. Newly mandated warning systems for onboard diagnostics systems that help owners to monitor emissions is expected to drive the North America market.
Prominent companies operating in the automotive ECU market include Delphi, Bosch, Continental AG, Denso, TRW Automotive, Autoliv, etc. Key market participants invest heavily in R&D to offer product differentiation as well as cost-effective ECUs by building technology partnerships with other participants in the ecosystem.
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
For more information visit: Radiant Insights
Corporate Sales Specialist, USA
Radiant Insights, Inc
Toll Free: 1-888-202-9519
Blog URL: http://sagarkadam.kinja.com/