Summary
The global Automotive ECU Software Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Overview
Automotive ECU is a computer-controlled system used to monitor, control and diagnose an automobile's engine performance. The ECU, (Electronic control units), is essentially a programmable logic controller that provides cars with their desired starting fuel conditions. This type of software will allow a driver to adjust the operation of engine controls such as idle air control, throttle response, and variable valve timing at the push of a button. The global automotive ECU software market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global automotive ECU software market is expected to witness significant growth during the forecast period, owing to increasing demand for safety features.
Market Drivers
Rapid growth of luxury vehicle sales is expected to drive growth of the global automotive ECU software market during the forecast period. The demand for luxury cars has increased significantly over the years due to rising industrialization and growing disposable income worldwide. According to the BMW Group, the total sales volume in the automotive segment (including BMW, MINI, and Rolls-Royce) reached 2,538,367 units in 2019, increasing from 2,352,440 units in 2016. Such a massive increase in luxury car sales has increased the adoption of automotive ECU software. Hence, these factors are expected to drive growth of the global automotive ECU software market during the forecast period. Furthermore, increasing demand for safety features is expected to propel the global automotive ECU software market growth over the forecast period.
Market Restraint
High cost associated with ECU repair and rising trend of ECU consolidation is expected to restrain growth of the global automotive ECU software market during the forecast period.
Regional Insights
Among regions, Asia Pacific is expected to witness significant growth in the global automotive ECU software market during the forecast period. This is owing to increasing demand for in-vehicle infotainment and communication applications in passenger vehicles. Furthermore, North America is expected to register a robust growth rate, owing to increasing awareness of vehicle safety and rise in the production of autonomous and hybrid vehicles in the region.
Competitive Section
Key players involved in the global automotive ECU software market are Continental, Lear, Bosch, Hitachi, Aptiv, ZF, Denso Corporation, Magneti Marelli, Autoliv, and Mitsubishi Electric.
For instance, in January 2020, Continental launched an online platform called Continental Cooperation Portal for automotive software solutions.
The Automotive ECU Software Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Automotive ECU Software Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- Autoliv
- Delphi Technologies
- Bosch
- Denso
- TRW Automotive
- Continental AG
- Aisin
- Elektrobit
By the Product Type, the market is primarily segmented into:
- Based on the Code
- Based on the Model
By Applications, the market is segmented into:
- Powertrain
- Chassis Electronics
- Safety and Security
- Entertainment
- Communication and Navigation
The Report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Automotive ECU Software Market Report:
- To assess the size of the market by value and volume
- Analyze the Automotive ECU Software Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Automotive ECU Software Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of –the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact growth of the Automotive ECU Software Market
The Automotive ECU Software Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Automotive ECU Software Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
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