AECU is an embedded system that monitors all the operations related to the vehicle. It is a computer with internal pre-programmed and programmable computer chips, almost similar to a computer or laptop. Moreover, rise in demand for more precise engine operation or electric vehicle drive the growth of the AECU market.
The Objective of the “Global Automotive Electronic Control Unit Market” report is to depict the trends and upcoming for the Automotive Electronic Control Unit industry over the forecast years. Automotive Electronic Control Unit Market report data has been gathered from industry specialist/experts. Although the market size of the market is studied and predicted from 2016 to 2022 mulling over 2015 as the base year of the market study. Attentiveness for the market has increased in recent decades due to development and improvement in the innovation.
Tthe global automotive electronic control unit (AECU) market is estimated to reach $49,893 million by 2022 from $32,054 million in 2015. Asia-Pacific accounted for the highest share in 2015, and is anticipated to maintain its dominance throughout the forecast period.
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AECU is a type of embedded system that is used to control electrical components in vehicles. The global AECU market is anticipated to witness significant growth during the forecast period, owing to increase in demand for automotive, developments related to manufacturing of low-cost ECUs, and rise in demand for advanced features in vehicles. The market growth is driven by rise in demand for electric & hybrid electric vehicles and need for advanced driver assistance features. However, increase in complexity of automotive ECU hampers the market growth.
Power steering system was the dominant segment, accounting for 20.92% share of the total market in 2015, and is anticipated to maintain its dominance throughout the forecast period. Engine management system market is anticipated to witness the highest growth rate of 7.5% in the near future.
The passenger cars segment showed the highest growth rate in 2015, and is expected to maintain its lead throughout the forecast period, followed by the utility vehicle segment and commercial vehicle segment. The demand for advanced features in vehicles and development of low-cost ECUs are expected to propel the growth of the AECU market.
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Key questions answered in Automotive Electronic Control Unit Market research study:
- What is the market growth rate of Automotive Electronic Control Unit Market from 2017-2023?
- What will be the global market size of the market from 2017 to 2023?
- Who are the leading global manufacturing companies in the Automotive Electronic Control Unit Market?
- What are the major current trends and predicted trends?
- What are the challenges faced in the Automotive Electronic Control Unit Market?
- Which will be the niches at which players profiling with thorough plans, financials, and also recent advancements should set a presence?
- Which will be the anticipated growth rates for your own Automotive Electronic Control Unit economy altogether and also for every segment inside?
- Which will be the Automotive Electronic Control Unit application and types and forecast accompanied closely by producers?
- What are the conclusions of the Automotive Electronic Control Unit Market report?
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