Automotive Electronic Controller Global Market Report 2024

The automotive electronic controller market size has grown rapidly in recent years. It will grow from $55.63 billion in 2023 to $61.41 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The rise observed during the historical period can be ascribed to factors such as the growing complexity of automotive systems, the imposition of stringent emission standards, the emphasis on fuel efficiency and emission control, consumer preferences for infotainment and connectivity features, and governmental regulations addressing vehicle safety.

The automotive electronic controller market size is expected to see strong growth in the next few years. It will grow to $85.97 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The anticipated expansion in the forecast period can be linked to the increasing prevalence of electric and autonomous vehicles, the global prioritization of connectivity and telematics, advancements in in-vehicle entertainment systems, regulatory efforts promoting autonomous driving, and a heightened focus on cybersecurity in connected vehicles. Significant trends expected in the forecast period involve the adoption of over-the-air (OTA) software updates, a transition towards open-source software platforms, the incorporation of lidar and radar sensor control, an emphasis on edge computing for real-time processing, and the development of energy-efficient electronic control units (ECUs).

The anticipated surge in the automotive electronic controller market is attributed to the escalating adoption of electric vehicles (EVs). Electric vehicles, powered by stored electricity, eliminate the necessity for internal combustion engines. Automotive electronic controllers play a pivotal role in managing power distribution and optimizing battery performance in EVs, thereby enhancing efficiency, extending range, and enabling advanced features such as regenerative braking. Notably, the International Energy Agency reported a substantial increase in EV sales, nearly doubling from 3 million in 2020 to 6.6 million in 2021, resulting in a total of 16.5 million electric vehicles on the road. This robust adoption of electric vehicles is a key driver propelling the growth of the automotive electronic controller market.

The expansion of the automotive electronic controller market is further driven by the rising demand for luxury vehicles. Luxury vehicles, characterized by high-end features and comfort, incorporate automotive electronic controllers to manage advanced systems such as adaptive suspension, climate control, entertainment, navigation, and safety features. This integration contributes to a seamless and sophisticated driving experience. Noteworthy is the increase in sales for luxury automakers such as Porsche AG, witnessing a growth of 27.16% from 2022 to 2023, and Audi AG, with a sales rise of 24.30%. The growing preference for luxury vehicles is a significant factor fueling the growth of the automotive electronic controller market.

The automotive electronic controller market faces challenges due to the semiconductor shortage. Electronic control units (ECUs) heavily rely on semiconductors for various functions, such as microprocessors, switches, and signal amplification. The Federal Reserve Bank of Chicago highlighted the struggles faced by car manufacturers, including limited inventory, prolonged order wait times, and increased prices due to disruptions in the automotive supply chain, with the semiconductor shortage being a major impediment to production capacity. Consequently, the shortage of semiconductors is expected to impede the growth of the automotive electronic controller market.

Leading companies in the automotive electronic controller sector are increasingly concentrating on the development of high-performance electronic control units (ECUs) to optimize their market profits. A high-performance ECU, serving as a specialized computer, adeptly manages and optimizes diverse functions within vehicles or industrial systems, delivering exceptional speed and precision in real-time operations. An illustrative example is TTTech Auto AG, a provider of car safety solutions based in Austria, which, in April 2023, introduced the N4 Network Controller. This high-performance ECU boasts advanced networking capabilities and is equipped with features supporting the latest automotive communication protocols, including Ethernet, CAN FD (controller area network flexible data rate), and FlexRay. The design of the N4 ECU aligns with the escalating demand for high-bandwidth communication in contemporary vehicles, necessitated by the increasing complexity of driver assistance systems, infotainment, and other features.

In August 2021, Analog Devices Inc., a U.S.-based semiconductor company specializing in data conversion, signal processing, and power management technology, executed the acquisition of Maxim Integrated Products Inc. for $20.8 billion. This strategic acquisition is anticipated to yield substantial benefits for customers, encompassing an expanded array of product offerings, heightened innovation, a reinforced market position, improved customer support, and augmented resources for research and development. Maxim Integrated Products Inc., a U.S.-based manufacturer specializing in automotive electronic controllers, complements this market strategy with its expertise and offerings.

Major companies operating in the automotive electronic controller market report are Robert Bosch GmbH, Hitachi Automotive Systems Ltd., Panasonic Corporation, DENSO Corporation, Continental AG, ZF Friedrichshafen AG, Hyundai Mobis Co. Ltd., Toshiba Electronic Devices & Storage Corporation, Lear Corporation, Texas Instruments Incorporated, Nidec Motors and Actuators Inc., TE Connectivity Ltd., STMicroelectronics N.V., BorgWarner Inc., Infineon Technologies AG, NXP Semiconductors N.V., Renesas Electronics Corporation, Amphenol Corporation, Analog Devices Inc., ON Semiconductor Corporation, Microchip Technology Inc., Omron Corporation, Vishay Intertechnology Inc., Sanken Electric Co. Ltd., Diodes Incorporated, Melexis N.V., Magneti Marelli S.p.A., Pektron Group Limited, HGM Automotive Electronics Inc..

Asia-Pacific was the largest region in the automotive electronic controller market in 2023. The regions covered in the automotive electronic controller market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automotive electronic controller market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

An electronic control unit (ECU), commonly known as an automotive electronic controller, is a microprocessor-based device responsible for overseeing and regulating diverse electrical and electronic systems within a vehicle. These systems encompass engine performance, safety features, and entertainment systems, and the ECU plays a pivotal role in enhancing the overall functionality, efficiency, and safety of the vehicle. Its operation is governed by embedded software.

The automotive electronic controllers category incorporates various product types, such as engine control units (ECUs), transmission control units (TCUs), body control modules (BCMs), electronic stability control (ESC) systems, electronic brake systems (EBS), among others. An engine control unit (ECU), constituting an embedded system in automotive electronics, serves the purpose of controlling one or more electrical systems or subsystems within a car or other motor vehicle. These ECUs find applications across a broad spectrum of vehicles, including light-duty vehicles, heavy commercial vehicles, construction and mining equipment, and agricultural tractors. Furthermore, they are utilized in diverse propulsion types, including battery electric vehicles (BEVs), hybrid vehicles, and internal combustion engine vehicles. Their applications span advanced driver assistance systems, safety systems, body control and comfort systems, infotainment and communication systems, and powertrain systems.

The automotive electronic controller market research report is one of a series of new reports that provides automotive electronic controller market statistics, including automotive electronic controller industry global market size, regional shares, competitors with a automotive electronic controller market share, detailed automotive electronic controller market segments, market trends and opportunities, and any further data you may need to thrive in the automotive electronic controller industry. This automotive electronic controller market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The automotive electronic controller market consists of sales of airbag control modules (ACM), climate control modules, fuel injection control modules, ignition control modules, and adaptive cruise control modules. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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