Global Electric Vehicle ECU Market Overview:
The EV control unit (EV-ECU) is the unit in charge of managing the operations of an electric vehicle. The transition of automobiles from mechanical to electronic systems has resulted in an increase in the number of innovations such as infotainment, power steering, cruise control, HUD, in-car connectivity, and mobility. The growing emphasis on advanced and innovative vehicle electronics technologies in electric vehicles is opening up a number of opportunities for OEMs to diversify their revenue streams and product portfolios. The electronic control unit is the most noticeable change in electric vehicle on-board electronics (ECU).
|Unit||Value (USD Million)|
|Key Companies Profiled||Aptiv PLC (Ireland), Hitachi, Ltd. (Japan), Keihin Corporation (Japan), Continental AG (Germany), DENSO Global (Japan), Faurecia (France), Panasonic Corporation (Japan), Mitsubishi Electric Corporation (Japan), Robert Bosch GmbH (Germany) and Pektron (United Kingdom)|
|Customization Scope||Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility|
- Paradigm Shift from Mechanical to Electronic Systems in Automobiles
- High Demand for Infotainment Systems in Electric Vehicles
- Centralization of Vehicle ECUs may Impact the Volume Demand for Electric Vehicle ECU
- High Installation and Maintenance Cost of ECU for Electric Vehicles
- Advent of Autonomous Mobility Services
- Emergence of Innovations such as Power Steering, Cruise Control, HUD, In-Car Connectivity, and Mobility
- Increasing Consumer Preference for BYOD (Bring Your Own Device) and the Approach of ECU Consolidation
- Technical Failure and Malfunctioning Control Unit can cause Fatal Problems
The demand for Electric Vehicle ECU is increasing with each passing day. The businesses in this industry facing major competition with leading players of the market that includes Aptiv PLC, Hitachi, Ltd., Keihin Corporation, Continental AG and others. Many international as well as regional providers are also participants in the industry and directly compete with leaders. It has been identified that market leading players are investing heavily in growth strategies such as technological development, resource utilization to enhance their market position. and The market leaders such as Aptiv PLC, Hitachi, Ltd., Keihin Corporation, Continental AG demonstrate a market-defining vision of how electric vehicle ECU can help top-line business executives achieve their business objectives. Leaders have the ability to execute against that vision through both products and services. They have demonstrated solid business results in the form of revenue and earnings.
Some of the key players profiled in the report are Aptiv PLC (Ireland), Hitachi, Ltd. (Japan), Keihin Corporation (Japan), Continental AG (Germany), DENSO Global (Japan), Faurecia (France), Panasonic Corporation (Japan), Mitsubishi Electric Corporation (Japan), Robert Bosch GmbH (Germany) and Pektron (United Kingdom). Additionally, following companies can also be profiled that are part of our coverage like SIGRA Technologies GmbH (Germany), Huber Automotive AG (Germany) and Joyson Safety Systems (United States). Analyst at AMA Research see Japan Vendors to retain maximum share of Global Electric Vehicle ECU market by 2027. Considering Market by Technology, the sub-segment i.e. ADAS & Safety System will boost the Electric Vehicle ECU market. Considering Market by Electric Vehicle Type, the sub-segment i.e. Battery Electric Vehicle (BEV) will boost the Electric Vehicle ECU market. Considering Market by ECU Capacity, the sub-segment i.e. 16-bit ECU will boost the Electric Vehicle ECU market.
In January 2022 Panasonic Corporation had announced the launch of small power inductor (4 mm by 4 mm square) for automotive use. The company has commercialised a 4 mm by 4 mm square small power inductor for automotive use. It is made using a moulding technology in which the power inductor is completely filled with a melted metal composite material, and it is highly vibration resistant, preventing crack formation. The improved manufacturing process has reduced CO2 emissions by half (CO2 emissions/unit) during the production of this product.
What Can be Explored with the Electric Vehicle ECU Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Electric Vehicle ECU Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Electric Vehicle ECU
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Electric Vehicle ECU market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Electric Vehicle ECU market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture and Capitalist, New entrants/investors, Analysts and Strategic Business Partners, ECU Manufacturers, Suppliers, and Distributors, Raw Material Suppliers and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Electric Vehicle ECU Market?
The Electric Vehicle ECU market is expected to see a CAGR of % during projected year 2021 to 2027.
2. Who are the top performing companies in Electric Vehicle ECU Market?
Top performing companies in the Global Electric Vehicle ECU market are Aptiv PLC (Ireland), Hitachi, Ltd. (Japan), Keihin Corporation (Japan), Continental AG (Germany), DENSO Global (Japan), Faurecia (France), Panasonic Corporation (Japan), Mitsubishi Electric Corporation (Japan), Robert Bosch GmbH (Germany) and Pektron (United Kingdom), to name a few.
3. What trending factors would impact Electric Vehicle ECU Market growth most?
"Growing Adoption of ADAS Technology
" is seen as one of major influencing trends for Electric Vehicle ECU Market during projected period 2021-2027.