About Electric Vehicle ECU
The EV control unit (EV-ECU) is the unit in charge of managing the operations of an electric vehicle. The transition of automobiles from mechanical to electronic systems has resulted in an increase in the number of innovations such as infotainment, power steering, cruise control, HUD, in-car connectivity, and mobility. The growing emphasis on advanced and innovative vehicle electronics technologies in electric vehicles is opening up a number of opportunities for OEMs to diversify their revenue streams and product portfolios. The electronic control unit is the most noticeable change in electric vehicle on-board electronics (ECU).
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The demand for Electric Vehicle ECU is increasing with each passing day. The businesses in this industry facing major competition with leading players of the market that includes Aptiv PLC, Hitachi, Ltd., Keihin Corporation, Continental AG and others. Many international as well as regional providers are also participants in the industry and directly compete with leaders. It has been identified that market leading players are investing heavily in growth strategies such as technological development, resource utilization to enhance their market position. and The market leaders such as Aptiv PLC, Hitachi, Ltd., Keihin Corporation, Continental AG demonstrate a market-defining vision of how electric vehicle ECU can help top-line business executives achieve their business objectives. Leaders have the ability to execute against that vision through both products and services. They have demonstrated solid business results in the form of revenue and earnings. Analyst at AMA Research estimates that Japan Vendors will contribute the maximum growth to Global Electric Vehicle ECU market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Aptiv PLC (Ireland), Hitachi, Ltd. (Japan), Keihin Corporation (Japan), Continental AG (Germany), DENSO Global (Japan), Faurecia (France), Panasonic Corporation (Japan), Mitsubishi Electric Corporation (Japan), Robert Bosch GmbH (Germany) and Pektron (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are SIGRA Technologies GmbH (Germany), Huber Automotive AG (Germany) and Joyson Safety Systems (United States).
Segmentation Overview
AMA Research has segmented the market of Global Electric Vehicle ECU market by , Application (Passenger Cars and Commercial Vehicle) and Region.
On the basis of geography, the market of Electric Vehicle ECU has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. ADAS & Safety System will boost the Electric Vehicle ECU market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Electric Vehicle Type, the sub-segment i.e. Battery Electric Vehicle (BEV) will boost the Electric Vehicle ECU market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by ECU Capacity, the sub-segment i.e. 16-bit ECU will boost the Electric Vehicle ECU market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Adoption of ADAS Technology and Increasing Prevalence of Vehicle-to-Grid (V2G) Technology
Market Growth Drivers:
Paradigm Shift from Mechanical to Electronic Systems in Automobiles and High Demand for Infotainment Systems in Electric Vehicles
Challenges:
Increasing Consumer Preference for BYOD (Bring Your Own Device) and the Approach of ECU Consolidation and Technical Failure and Malfunctioning Control Unit can cause Fatal Problems
Restraints:
Centralization of Vehicle ECUs may Impact the Volume Demand for Electric Vehicle ECU and High Installation and Maintenance Cost of ECU for Electric Vehicles
Opportunities:
Advent of Autonomous Mobility Services and Emergence of Innovations such as Power Steering, Cruise Control, HUD, In-Car Connectivity, and Mobility
Market Leaders and their expansionary development strategies
In March 2020, Robert Bosch GmBH and Nikola Motor Company formed a partnership to develop a fuel cell truck with a capacity of 40 ton. The key element of the advanced truck system is the Bosch vehicle control unit, which provides higher computing power for advanced functions while reducing the number of independent units. The VCU supports future innovations by providing a scalable platform for the complex e/e architecture, which is essential to support the advanced features of Nikola's trucks.
In January 2022 Panasonic Corporation had announced the launch of small power inductor (4 mm by 4 mm square) for automotive use. The company has commercialised a 4 mm by 4 mm square small power inductor for automotive use. It is made using a moulding technology in which the power inductor is completely filled with a melted metal composite material, and it is highly vibration resistant, preventing crack formation. The improved manufacturing process has reduced CO2 emissions by half (CO2 emissions/unit) during the production of this product.
Key Target Audience
Venture and Capitalist, New entrants/investors, Analysts and Strategic Business Partners, ECU Manufacturers, Suppliers, and Distributors, Raw Material Suppliers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.