Automotive Body Control Module Market by Application and Geography - Forecast and Analysis 2022-2026

The automotive body control module market share is expected to increase by USD 2.50 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.83%.

This automotive body control module market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive body control module market segmentation by application (passenger cars and commercial vehicles) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The automotive body control module market report also offers information on several market vendors, including Aptiv Plc, Continental AG, DENSO Corp., FEV Group GmbH, HELLA GmbH and Co. KG, Hitachi Ltd., Hyundai Motor Co., Infineon Technologies AG, Intellias group, Lear Corp., Mitsubishi Electric Corp., Motherson Sumi Systems Ltd., Nidec Corp., NXP Semiconductors NV, OMRON Corp., Renesas Electronics Corp., Robert Bosch GmbH, STMicroelectronics NV, and Texas Instruments Inc. among others.

What will the Automotive Body Control Module Market Size be During the Forecast Period?

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Automotive Body Control Module Market: Key Drivers, Trends, and Challenges

The multiple scalable BCMs for different vehicle categories is notably driving the automotive body control module market growth, although factors such as increasing cost pressure faced by OEMs may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive body control module industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automotive Body Control Module Market Driver

The multiple scalable BCMs for different vehicle categories is one of the key drivers supporting the automotive body control module market growth. Today, manufacturers are making multiple scalable BCMs for different vehicle categories such as central BCM, high-feature BCM, and low-cost BCM, with a high level of integration and scalability. A central BCM can accommodate a large number of functions, such as exterior and interior lighting, relay control, and several comfort functions within a compact module. This supports a high level of integration and scalability. Meanwhile, low-cost BCMs are cost-effective, wherein the products are tailored to various electronic sub-functions with high scalability. Thus, buyers can choose from several types of BCMs for automotive applications. Such available options for buyers can drive market growth during the forecast period.

Key Automotive Body Control Module Market Trend

Increasing demand for small and reliable BCMs is one of the key automotive body control module market trends contributing to the market growth. Primarily, automotive BCMs have become increasingly complex in design. Though multiple BCMs are used to compensate for the increasing electronic content in vehicles, the need for small BCMs is increasing. Moreover, with the continuous improvement and innovation in the market, BCM manufacturers have started manufacturing small and reliable BCMs for automobiles.  Thus, the trend of continuous innovation and the increasing demand for small and reliable modules would positively impact the global automotive body control module market during the forecast period.

Key Automotive Body Control Module Market Challenge

Increasing cost pressure faced by OEMs is one of the factors hampering the automotive body control module market growth. OEMs are facing immense cost pressure due to dynamic regulations that were imposed on several components within a vehicle. The factors responsible for high-cost pressures faced by OEMs included stringent emission norms, massive investments in R&D, market competition, and evolving customer demands. They must bear the increase in vehicle costs because of the competitive market and cannot pass such costs to the end consumers. Significantly, as they need to limit the production cost to fulfill the demand side necessities and provide high-quality products simultaneously, they remain liable for any such product failures or recalls, which can impact the bottom line. Such factors may hamper the market growth during the forecast period.

This automotive body control module market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global automotive body control module market as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive body control module market during the forecast period.

Who are the Major Automotive Body Control Module Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• Aptiv Plc
• Continental AG
• DENSO Corp.
• FEV Group GmbH
• HELLA GmbH and Co. KG
• Hitachi Ltd.
• Hyundai Motor Co.
• Infineon Technologies AG
• Intellias group
• Lear Corp.
• Mitsubishi Electric Corp.
• Motherson Sumi Systems Ltd.
• Nidec Corp.
• NXP Semiconductors NV
• OMRON Corp.
• Renesas Electronics Corp.
• Robert Bosch GmbH
• STMicroelectronics NV
• Texas Instruments Inc.

 

This statistical study of the automotive body control module market encompasses successful business strategies deployed by the key vendors. The automotive body control module market is fragmented and the vendors are deploying growth strategies such as price, quality, innovation, reputation, brand identity, and distribution to compete in the market.

Product Insights and News

• aptiv.com - The company offers Connectivity and Security by unlocking safety, comfort, and convenience functionality through power, data, and integration capabilities.
• continental.com - The company offers body control modules such as Continental Air Supply (CAirS), SRR600, surround radar SRR600, Airbag Control Unit (ACU) premium and others.
• fev.com - The company offers the design and production of electronic control modules and subsystems.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The automotive body control module market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Automotive Body Control Module Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the automotive body control module market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Automotive Body Control Module Market?

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56% of the market’s growth will originate from APAC during the forecast period. China, Japan, and South Korea are the key markets for the automotive body control module market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The rising demand for export-oriented production of automotive components will facilitate the automotive body control module market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 had a negative impact on the regional market. However, automobile manufacturing is expected to recover once the COVID-19 pandemic is contained and the chip shortage is settled in the region. Also, companies have been increasing their sales and investing in electric vehicle production with supportive government initiatives. Such initiatives are expected to drive market growth during the forecast period.

What are the Revenue-generating Application Segments in the Automotive Body Control Module Market?

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The automotive body control module market share growth by the passenger cars segment will be significant during the forecast period. The global passenger car market is constantly changing in terms of technological development. Technological upgrades are primarily driven by the dynamic nature of emission regulations, fuel efficiency standards, safety standards, and the pressure to decrease production costs. Furthermore, vehicle makers are focusing on adopting 48V electrical systems to meet the technological advances of automotive electronics used within passenger cars. These factors are anticipated to boost the market growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive body control module market size and actionable market insights on post COVID-19 impact on each segment.

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Automotive Body Control Module Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 4.83%
Market growth 2022-2026	$ 2.50 billion
Market structure	Fragmented
YoY growth (%)	4.76
Regional analysis	APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution	APAC at 56%
Key consumer countries	US, China, Japan, South Korea, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Aptiv Plc, Continental AG, DENSO Corp., FEV Group GmbH, HELLA GmbH and Co. KG, Hitachi Ltd., Hyundai Motor Co., Infineon Technologies AG, Intellias group, Lear Corp., Mitsubishi Electric Corp., Motherson Sumi Systems Ltd., Nidec Corp., NXP Semiconductors NV, OMRON Corp., Renesas Electronics Corp., Robert Bosch GmbH, STMicroelectronics NV, and Texas Instruments Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Automotive Body Control Module Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive automotive body control module market growth during the next five years
• Precise estimation of the automotive body control module market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the automotive body control module industry across APAC, North America, Europe, South America, and Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of automotive body control module market vendors

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