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Body Control Module Market - By Vehicle Type (Passenger Cars, Commercial Vehicles), By Component (Hardware, Software), By Communication Interface (CAN, LIN, Ethernet, FlexRay), By Propulsion Type (ICE Vehicles, Electric Vehicles, Hybrid Vehicles) & Forecast, 2022-2032

  • Report ID: GMI6128
  • Published Date: Jun 2023
  • Report Format: PDF

Body Control Module Market Size

Body Control Module Market size was valued at USD 31.4 billion in 2022 and is anticipated to grow at a CAGR of over 4% between 2023 and 2032. The automotive industry is experiencing a massive transition to electric vehicles, thereby driving market expansion.
 

Body Control Module Market

With rising vehicle electrification, the complexity of control systems is increasing. This has created the need for a good physical control system to manage & coordinate the operation of multiple vehicles, thereby fueling the demand for BCM. Further, electric vehicles are equipped with safety systems and features to protect passengers and ensure safety. The BCM is responsible for integrating and controlling various safety features, including airbags, anti-lock braking systems (ABS), electronic stability control (ESC) and collision avoidance. As electric vehicles are important to safety, there is a growing demand for BCMs that can effectively manage these safety functions.
 

A Body Control Module (BCM) is an Electronic Control Unit (ECU) that controls various electrical & electronic components related to the body and the interiors of a modern car. It acts as a central hub or "brain" that controls and coordinates functions such as lights, power windows, central locking, climate control, wipers, horn, voice recording, and other functions.
 

The high development and integration costs can hinder body control module market growth during the forecast period. Building and integrating an advanced BCM with the necessary functionalities can be expensive for automakers. The expenditure on hardware & software development, testing, and collaboration adds to the total cost of production. These high costs can limit the use of BCMs, especially in low-cost areas.
 

COVID-19 Impact

The COVID-19 pandemic had significant impacts on the global body control module market. The pandemic resulted in a significant decline in vehicle sales as consumer spending decreased and economic uncertainties grew. With reduced demand for vehicles, automotive manufacturers had scaled back their production. This decline in demand had a directly impacted on the body control module (BCM) market. Global shutdowns and restrictions to contain the outbreak disrupted the supply chain and production. Many electronics manufacturers and suppliers faced difficulties in finding the right components including BCMs, leading to production delays and product shortages.
 

Body Control Module Market Trends

The growing focus on vehicle connectivity is a significant trend in the BCM market. The advent of connected vehicles and the Internet of Things (IoT) has increased the need for BCMs that facilitate connectivity with smartphones, cloud services, and other smart devices. The BCM improves the overall user experience by enabling features such as vehicle remote control, climate control, and connectivity to external services. BCMs are designed to integrate with smartphones via communication methods such as Bluetooth, Wi-Fi, or Near Field Communication (NFC). This integration allows users to manage multiple vehicle functions, access vehicle information, and receive notifications via a mobile app. Furthermore, the growing focus on vehicle connectivity is driven by the desire for seamless integration with personal devices, access to cloud-based services, and the increasing importance of data-driven insights & personalized experiences, which is contributing to the demand for BCMs.
 

Body Control Module Market Analysis

Body Control Module Market, By Communication Interface, 2021-2032 (USD Billion)

Based on communication interface, the body control module market is segmented into CAN, LIN, Ethernet, FlexRay, and others. The Ethernet segment is expected to grow at a CAGR of over 5% from 2023 to 2032 owing to the increasing integration of BCMs with connected vehicles and the Internet of Things (IoT) technology. Ethernet-connected BCMs improve overall vehicle connectivity when integrated with external devices and cloud services. The need for greater speed, durability, and enhanced scalability is boosting the adoption of fiber-optic Ethernet solutions. Optical Ethernet provides high bandwidth & immunity to Electromagnetic Interference (EMI), supports long-distance transmission, and meets high-performance requirements. Ethernet has gained popularity in automotive communications, particularly in ADAS. Ethernet supports high-speed data, low latency, and real-time communication between vehicle components, facilitating the integration between ADAS and connected vehicles.
 

Global Body Control Module Market Share, By Vehicle Type, 2022

Based on vehicle type, the body control module market is segmented into passenger cars and commercial vehicles. The passenger cars segment held a share of around 50% in 2022 and is expected to grow at a lucrative pace till 2032. Increasing disposable income levels, particularly in emerging economies, contribute to segment growth. Owing to increased financial resources, individuals are more inclined toward buying cars for personal use. Rapid urbanization has also surged the demand for personal transportation. Advancements in technologies, such as Advanced Driver Assistance Systems (ADAS), infotainment systems, connectivity options, and in-car connectivity for smartphones, are driving consumer demand and boosting segment growth. The integration of new technologies into these vehicles improves driving and passenger safety, attracting customers toward new models. However, the increasing ride-sharing platforms, such as Uber and Lyft, and popularity of car-sharing services have impacted the passenger cars segment.
 

China Body Control Module Market Size, 2021-2023, (USD Billion)

Asia Pacific is the dominant region in the global body control module market with a share of over 35% in 2022. The region is a major automotive hub with countries including China, Japan, India, and South Korea leading the production & sale of passenger cars, commercial vehicles, and electric vehicles. Asia Pacific is witnessing an increased demand for BCM and Ethernet technology, which are an important part of modern vehicle systems. The region is known for its technological advancements and early adoption of new solutions.
 

Automakers in the Asia Pacific region are incorporating advanced features, connectivity options, and safety systems into vehicles that require BCMs & Ethernet. The demand for ADAS, infotainment systems, and in-car connectivity is also driving regional market growth. The rising disposable income levels and increasing urbanization in countries, such as China & India, have further increased the demand for passenger cars and commercial vehicles. With the rising consumer purchasing power, vehicles with advanced features are witnessing increased adoption, further propelling the demand for BCM & Ethernet technology in the Asia Pacific market.
 

Body Control Module Market Share

Some of the major players operating in the body control module market are

  • Aptiv
  • Continental AG
  • Denso Corporation
  • Infineon Technologies AG
  • Lear Corporation
  • Magna International Inc.
  • Mitsubishi Electric Corporation
  • NXP Semiconductors
  • Panasonic Corporation
  • Renesas Electronics Corporation
  • Robert Bosch GmbH
  • STMicroelectronics
  • Texas Instruments Incorporated
  • Visteon Corporation

These players focus on strategic partnerships, new product launches, and commercialization efforts for market expansion. Furthermore, they are heavily investing in research to introduce innovative services and garner maximum revenue in the market.
 

Body Control Module Industry News

  • In May 2022, Renesas and Intel partnered to develop a new BCM using Intel’s Atom processor. The BCM is more powerfuls & energy-efficient than its previous models and supports a wider range of features such as ADAS & autonomous driving.
     
  • In January 2022, Bosch and Nvidia partnered to develop a new BCM based on Nvidia's Drive Orin platform. It is designed to be more powerful and efficient than previous BCM models and can support a wider range of features such as ADAS & autonomous driving.
     

The Body Control Module (BCM) market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2018 to 2032, for the following segments:

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By Offering

  • Passenger cars
  • Commercial vehicles
    • Light commercial vehicles
    • Heavy-duty vehicles

By Light Source

  • Hardware
    • Microcontrollers
    • Sensors
    • Switches
    • Relays
    • Connectors
    • Interfaces
    • Others
  • Software

By Communication Interface

  • CAN
  • LIN
  • Ethernet
  • FlexRay
  • Others

By Propulsion Type

  • ICE vehicles
  • Electric vehicles
  • Hybrid vehicles

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Taiwan 
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • UAE
    • Saudi Arabia
    • South Africa

 

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The Body Control Module (BCM) market was valued at USD 31.4 billion in 2022 and is anticipated to grow at a CAGR of over 4% between 2023 and 2032, owing to a massive transition to electric vehicles.

The ethernet segment is expected to grow at a CAGR of over 5% from 2023 to 2032, as ethernet supports high-speed data, low latency, and real-time communication between vehicle components, facilitating the integration between ADAS and connected vehicles.

Asia Pacific Body Control Module (BCM) market held a revenue share of over 35% in 2022 and will continue growing through 2032, owing to technological advancements and early adoption of new solutions across the region.

Aptiv, Continental AG, Denso Corporation, Infineon Technologies AG, Lear Corporation, Magna International Inc., Mitsubishi Electric Corporation, NXP Semiconductors, Panasonic Corporation, Renesas Electronics Corporation among others. `

Body Control Module Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 14
  • Tables & Figures: 317
  • Countries covered: 17
  • Pages: 200
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