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Body Control Module Market Size

  • 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.

 

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.

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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