Video Extender Market Global Market Strategies, Opportunity, Demand, Revenue Analysis And Forecast To 2025
Autonomous Vehicle ECU Market is predicted to grow at progressive CAGR by 2023. The electronic control unit (ECU) is the embedded system that controls various automated functions such as engine management, transmission control, body control and infotainment system of a semi-autonomous vehicle and fully operated automated vehicles. Autonomous vehicle ECUs are widely used across various automobile segments such as light commercial vehicles, heavy commercial vehicle, and passenger cars. The demand for automotive safety systems and the growing inclination toward convenient and comfortable systems in vehicles have propelled the growth of the global autonomous vehicle ECU market.
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Vehicle OEMs are developing different innovative technologies to improve safety in vehicles and automate their functions. The factors that drive the autonomous vehicle ECU market are rising road accidents due to human errors, innovation in the automated vehicle technology, and an increase in sales of vehicles in emerging economies. Furthermore, the market is growing due to an increased number of government mandates for advanced driver-assistance systems (ADAS) features and the inclusion of basic safety systems such as anti-lock braking systems (ABS), airbags. However, the growth of the market is challenged by the cybersecurity issues such as cybersecurity risk and legal challenges in autonomous vehicles.
Autonomous Vehicle ECU Market Highlights
On the basis of region, the market is segmented into North America, Asia-Pacific, Europe, and Rest of the World. North America is expected to dominate the market during the forecast period. Increase in the sales of vehicles in North America and concerns regarding vehicle safety will drive them to hold the highest market share throughout the forecast period. In the future, government regulations within the North American countries are expected to become stricter, every year. This means that the manufacturers need to be aware about the regulatory requirements. The high adoption of vehicle ECU in this region is attributed to the high penetration of luxury vehicles with autonomous technologies. The availability of advanced technologies related to autonomous vehicle ECU across regions has propelled the demand in the autonomous vehicle ECU market. Asia-Pacific is expected to be the second largest market during the forecast period due to an increase in the sales of premium vehicles, rise in GDP and increased purchasing power of users. The region is home to technologically advanced automotive markets such as China and Japan, and India. The advancement of automotive technologies will result in the growth of the market during the forecast period.
The key players in autonomous vehicle ECU market are Continental AG (Germany), Hitachi, Ltd. (Japan), Intel Corporation (U.S.), Nvidia Corporation (U.S.), Renesas Electronics Corporation (Japan), and ZF Friedrichshafen AG (Germany). NXP Semiconductors N.V. (Netherlands), Infineon Technologies AG (Germany), Bosch (Germany), and Autoliv Inc. (Sweden) are among others.
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Scope of the Report
This study provides an overview of the global autonomous vehicle ECU market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global autonomous vehicle ECUs market by its application, vehicle type, and region.
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