The global automotive electronic control unit industry is expected to witness significant growth by reaching USD 106.88 billion by 2025, while exhibiting a CAGR of 6.5% between 2019 and 2025. The market was worth USD 70.02 billion in 2018.

An electronic control unit (ECU) is an automotive system that efficiently controls one or several electronic systems within the vehicle. ECUs have a long history as they were invented in 1970 and since then, have played a pivotal role in the significant evolution of automotive by shifting from mechanical systems to an electrically dominant system. Today, advancement in technology has changed the complexion of the market and the modern-day vehicles come fitted with over 100 built-in ECUs in them.

Emission caused by the combustion of fossil fuels in automotive is proving to be a bane for the environment causing heavy degradation of air quality. Today, technological advancement has propelled the companies to develop a number of electric vehicles that drastically reduce fuel consumption and result in less emission.

In addition to this, the manufacturers are producing advanced electronic control units that aid in improving the fuel efficiency of the automotive. Increasing preference of electric vehicles and hybrid vehicles is anticipated to drive the global automotive electronic control unit (ECU) market growth in the forthcoming years. Moreover, stringent government regulations regarding passenger safety and vehicular emission will positively contribute to the market growth during the forecast period.

Among the regions, the market in Asia-Pacific is expected to witness significant growth while holding the highest global automotive electronic control unit (ECU) market revenue in the forthcoming years. This is ascribable to factors such as stringent government regulations regarding vehicular emission limits and increasing sales of new automotive in the region.

Furthermore, advancement in electric vehicle technology witnessed in countries such as China and Japan in the region will bode well for the growth of the market. Europe, on the other hand, will witness steady growth for the market owing to increasing demand for communication and infotainment features in the passenger car segment.

North America is projected to witness exponential growth during the projected horizon. This is attributable to factors such as the growing adoption of hybrid and electric vehicles in the region. Moreover, technological advancement in the manufacturing of ECUs is expected to contribute to market growth between 2019 and 2025.

Companies Operating in the Automotive Electronic Control Unit Market are ZF FRIEDRICHSHAFEN AG, Continental AG, Denso Corporation, Hyundai Mobis Autoliv, Robert Bosch GmbH, Altera (Intel Corporation), Valeo Inc., Delphi Technologies, NXP Semiconductors N.V., and Toshiba Electronic Devices & Storage Corporation.

The adoption of strategies such as product launches, collaboration, and merger and acquisition by the companies is expected to drive the market growth during the forecast period.

-Report by Fortune Business Insights