Automotive Electronics Control Unit (ECU) Market Size

Automotive Electronics Control Unit Market Size

Automotive Electronics Control Unit Market size exceeded USD 65 billion in 2017 and is poised to register around 5.5% CAGR between 2018 and 2024. Increasing demand for energy-efficient cars coupled with technological advancements in the electronics sector is contributing to the market revenue. Awareness about the environmental issues and controlling energy usage across the world are creating development opportunities for energy-efficient vehicles.

The rise in automotive production coupled with increasing safety standards across the globe is anticipated to propel the automotive ECU market growth over the forecast timeline. Various government institutions supporting the expansion of vehicle production and sales are providing an impetus to the industry demand.
 

Growing instances of control unit failures in several vehicle systems causing unwanted interruptions and serious accidents are hindering the market demand. Furthermore, high repair costs associated with the control units is expected to limit the industry growth. The repair services involve additional labor costs for programming and installing the repaired units in vehicle systems. Technically-advanced electronic control units incorporated into the modern vehicles cost substantially high as compared to the basic control modules.