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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.
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.
Report Attribute | Details |
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Base Year: | 2022 |
Body Control Module Market Size in 2022: | USD 31.4 Billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 4% |
2032 Value Projection: | USD 45 Billion |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 200 |
Tables, Charts & Figures: | 317 |
Segments covered: | Vehicle Type, Component, Communication Interface, Propulsion Type |
Growth Drivers: |
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Pitfalls & Challenges: |
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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.