Automotive Electronics Control Unit Management (ECU/ECM) Market is expected to reach USD 43.72 Billion in 2020

According to a new market report published by Transparency Market Research ?Automotive Electronics Control Unit Management Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,? the market was valued at USD 28.60 billion in 2013, which is expected to reach USD 43.72 billion by 2020, growing at a CAGR of 6.3% from 2014 to 2020.

Exponential growth in demand for automobiles, owing to increasing amount of disposable income, is one of the major factors fueling demand in the global automotive electronics control unit management market. The automotive electronics control unit management market has been segmented into seven segments based on technology. These include transmission control system, engine management system, anti-lock braking system, climate control system, power steering system, airbag restraint system, and body control system. In addition, the automotive electronics control unit management market has been segmented into utility vehicles, passenger cars, and commercial vehicles on the basis of applications.

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Power steering system held the largest market share in the automotive electronics control unit management market. Power steering is one of the standard features available in all car segments, owing to increasing demand for driving comfort. Among the various application segments, the passenger cars segment held the largest market share. Increasing amount of disposable income among developing countries of Asia Pacific is one of the major factors fueling demand in the automotive electronics control unit management market. India and China are the major markets for passenger cars in Asia Pacific. Apart from this, increasing trend towards luxurious lifestyle is also expected to boost demand in the automotive electronics control unit management market during the forecast period.

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In 2013, Europe accounted for the largest market share of the automotive electronics control unit management market. Exponential growth in the logistics industry, apart from increasing information about drive safety is also boosting demand in this region. However, with increasing amount of disposable income, Asia Pacific is one of the fastest growing markets. Moreover, the increasing awareness about driver safety is also boosting growth of the automotive electronics control unit management market in this region.

Robert Bosch GmbH, Denso Corporation, Continental AG, Delphi Automotive plc, Hyundai Mobis Co., Ltd., Lear Corporation, Panasonic Corporation, Alps Electric Co., Ltd., General Motors Company, and Hitachi Automotive Systems Ltd. among others, are some of the key players in the automotive electronics control unit management market. The market has been segmented as follows:

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Automotive Electronics control unit management (ECU/ECM): By geography
North America
Europe
Asia Pacific
Rest of the World

The report provides a cross-sectional analysis of all the below segments with respect to the above mentioned regions.

Automotive Electronics control unit management (ECU/ECM) Market: By Application
Utility Vehicle
Passenger Cars
Commercial Vehicles

Automotive Electronics control unit management (ECU/ECM) Market: By Technologies
Transmission control system
Engine management system
Anti-lock braking system
Climate control system
Power steering system
Airbag restraint system
Body control system

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