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The autonomous vehicle ECU market is estimated to increase by USD 2,446.92 million between 2022 and 2027. The size of the market is forecast to grow at a CAGR of 24.12%. The growth of the market depends on several factors, including the rising accidents due to human errors, the developments in intelligent transport systems, and the presence of a conducive technology platform.
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The developments in intelligent transport systems are notably driving the market growth, although factors such as the low receptiveness among users due to system reliability and uncertainty issues may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Driver
The rising number of accidents due to human errors is a key factor driving the growth of the market. The car industry has been actively attempting to increase road safety over the past ten years by reducing accidents. Since driver error is the primary cause of accidents, most safety measures are directed at drivers. By encouraging the driver to take precautions, a number of technology features, particularly active safety systems, function well in preventing potential accidents. About one-fifth of accidents are the result of human mistakes, including weariness, lack of concentration, and drowsiness. Messaging, surfing the web, and talking on the phone while driving are all distractions.
Also, other factors such as changes in lifestyle, working late, and driving for long hours leading to sleep disorders, increasing driver fatigue, stress, and drowsy driving result in accidents. Hence, the automotive ecosystem is supporting the adoption of semi-autonomous vehicles and will gradually shift toward autonomous vehicles that are free from human errors. Though the cost of developing is high, with increasing demand and continuous innovation, the costs are expected to come down during the forecast period.
Significant Trend
The semi-autonomous trucks gaining popularity is the primary trend in the market. The requirement for semi-autonomous vehicles will also increase as a result of industrialized nations' rising demand for truck platooning systems. Truck platooning involves driving collaboratively while maintaining a group of trucks at a distance that is aerodynamically efficient. This necessitates the installation of high-end, specialized platooning algorithms incorporating sensor fusion of radar, LiDAR, and cameras in the vehicles as well as platooning systems that install ADAS. Vehicle fleets can communicate thanks to wireless connectivity.
The vehicles in the platoon automatically synchronize speed and braking actions, thereby resulting in higher fuel efficiency and improved traffic congestion control in the platoon. Some of the ADAS that are equipped with platoon vehicles include emergency braking, anti-collision systems, ACC, lane departure warning systems (LDWS), and lane-keep assist systems. The growing demand for truck platooning by large fleet operators in developed economies is expected to boost semi-autonomous truck adoption during the forecast period.
Major Challenge
The high cost associated with semi-autonomous and autonomous technologies is a major challenge to the growth of the market. The usage of ADAS technologies and systems, including radars, cameras, sensors, and delicate and sophisticated image analysis algorithms, is restricted to luxury automobiles because of the high costs of their acquisition and maintenance. For instance, ACC, a highly sophisticated cruise control system, is rarely offered in low-cost vehicles since it costs more than USD 1,500.
Similarly, night vision cameras comprising various sensors, such as uncooled microbolometer sensors, provide high-quality resolution images but have restricted adoption because of their cost. Night vision also lacks governmental backing and, therefore, are less affordable than other safety technologies, such as tire pressure monitoring system (TPMS). Although automotive OEMs develop automotive sensor devices to increase driving comfort and minimize human errors, such factors will challenge the growth of the automotive electronic control unit market during the forecast period.
Key Market Customer Landscape
The report includes the adoption lifecycle of the automotive electronic control unit market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the automotive electronic control unit market.
Aptiv- The company offers autonomous vehicle ECU such as Aptiv Smart Vehicle Architecture.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market share growth by the passenger car segment will be significant during the forecast period. The passenger car segment dominates the market. Automakers are focusing on developing autonomous technology for passenger cars as the demand for autonomous vehicles is increasing from ride-hailing and logistics companies. Such factors will increase segment growth during the forecast period.
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The passenger car was valued at USD 323.37 million in 2017 and continue to grow by 2021. Over the past decade, passenger cars have transformed from mechanically driven mobility to high-end electronic/electrical vehicles with advanced features in the area of safety, security, propulsion, connectivity, and environment. These innovations have been introduced due to various factors, such as increasing consumer expectations, higher competition leading OEMs to add features to maintain market share, and various government regulations demanding additional safety, fuel efficiency, and security features. During the forecast period, the adoption of level 4 and level 5 autonomous vehicles is expected to increase. These factors will increase the market growth during the forecast period.
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North America is estimated to contribute 46% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The US, along with Canada and Mexico, are the major contributors to the regional market in the global automotive industry in 2022. Most prominent vehicle manufacturers are moving their manufacturing facilities to Mexico to capitalize on labor arbitrage and low production costs. As a result, Mexico has witnessed large inflows of investments in the form of capacity expansion or new facility setups. This has increased vehicle production in the country and the subsequent demand for autonomous technologies in this market. Such trends will concurrently generate high demand for the Automotive electronic control unit market during the forecast period.
The Market is experiencing rapid growth driven by the integration of electronic control units (ECUs) into vehicular automated functions. These ECUs play a crucial role in managing various aspects of vehicles, including engines, infotainment systems, and advanced driver-assistance systems (ADAS). Key components such as lane departure monitoring and collision avoidance are facilitated by ECUs, enhancing overall vehicle safety. With the rise in sales of vehicles equipped with advanced safety systems, including anti-lock braking systems (ABS) and airbags, the demand for ECUs continues to surge.
Additionally, advancements in intelligent transport systems (ITS) and government mandates further propel market growth. However, challenges such as cybersecurity risks and legal complexities underscore the need for stringent regulations and innovative solutions. Key players like Intel Corporation, Nvidia Corporation, and Renesas Electronics Corporation are driving innovation in this dynamic market, leveraging both qualitative and quantitative aspects to meet industry demands and ensure continued technological advancement.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Autonomous Vehicle ECU Market Scope |
|
Report Coverage |
Details |
Page number |
181 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 24.12% |
Market growth 2023-2027 |
USD 2,446.92 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
22.89 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 46% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Aptiv PLC, Autoliv Inc., Continental AG, DENSO Corp., Hitachi Ltd., Hyundai Motor Group, Infineon Technologies AG, Intel Corp., Johnson Controls International Plc., Magna International Inc., Marelli Holdings Co. Ltd., Mitsubishi Electric Corp., NVIDIA Corp., NXP Semiconductors NV, Panasonic Holdings Corp., Renesas Electronics Corp., Robert Bosch GmbH, Stellantis NV, Texas Instruments Inc., and ZF Friedrichshafen AG |
Market dynamics |
Parent market analysis, Market forecasting, market growth and trends, 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 market research 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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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Vehicle Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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