Vehicle Control Unit Market Insights:
The market report analyses the market while considering various aspects of the market such as market size, market status, market trends, and forecast. The report also offers brief information on the competitors and specific growth opportunities while covering the key drivers of the market. The report has been categorized based on the different segments, including propulsion type, capacity, vehicle type, application, and regions.
Leading Players in the Vehicle Control Unit Market:
The Vehicle Control Unit Market is fairly fragmented, and a number of global and regional players operating in the market are:
- Continental AG
- Robert Bosch GmbH
- Texas Instruments
- Mitsubishi Electric Corporation
- Autoliv Inc.
- DELPHI Technologies
- Altera (Intel Corporation)
- Denso Corporation
- Atmel Corporation.
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Vehicle Control Unit Market drivers:
The major factors propelling the growth of the vehicle control unit market include strong demand for electric and hybrid vehicles, along with technological advancement in electronics powertrain solutions, ADAS, etc. Moreover, rising additional functionalities in electronic vehicles to control electronic components such as the dashboard instrument, engine, etc., are supporting the market growth in the upcoming years. Furthermore, rigorous government and regulatory policies to install safety systems in electric vehicles to boost road safety will further create various growth opportunities for the market. For example, in Feb 2018, STMicroelectronics introduced a chip that can tackle properties like 360-degree detection, night vision, etc., for driverless auto.
Based on the region, the Asia Pacific is projected to grow at a higher CAGR during the forecast period due to the large electric vehicle sales volume in the region. Moreover, it is considered as the large EV sales volume, and rapid technological advancements in the battery management systems, body control, automotive features, infotainment functions, and innovative charging solutions are certain factors propelling the market growth. Furthermore, China is anticipated to dominate the market during the forecast period in this region.
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Vehicle Control Unit Market Segmentation:
According to the report published by GMI Research, titled “Vehicle Control Unit Market,” the industry is predicted to witness the highest CAGR during the forecast period. The segmentation of the market is as follows:
By Propulsion Type:
By Vehicle Type:
- Passenger Vehicle
- Commercial Vehicle
- ADAS & Safety
- Body Electronics
- North America
- United States of America
- Asia Pacific
- Rest of APAC
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
- Rest of the world (remaining countries of the LAMEA region)
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