Global Automobile ECU Software Market Overview:
Automobile ECU software is integrated with an electronic control unit for controlling the engine management system in automobiles. Growing adoption of autonomous driving technology in the form of driver-assisted technologies, such as Adaptive Cruise Control (ACC), Automatic Emergency Braking (AEB), blind-spot detection, park assist, and Lane Departure Warning (LSW) systems, has been propelling the growth of the automobile ECU software market. Rising consumer preference for fuel-efficient Electric Vehicles (EVs), self-driving cars, and vehicle-to-vehicle communication technology is also expected to boost market growth over the forecast period.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Adoption of Clod-based Software
Market Growth Drivers:
Rising Demand for Electric Vehicles across the Globe and Increased Incorporation of Advanced Safety, Convenience, and Comfort Systems
Challenges:
Cost and Quality Trade-Off in the Manufacture of ECUs
Restraints:
Operation Failure in ECUs
Opportunities:
Increasing the Advent of Concept Cars and Autonomous Vehicles and Growing Rate of Installation of Advanced Applications in Luxury and Mid-Range Vehicles
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Vector Informatik GmbH (Germany), Decs (Netherlands), GlobalLogic (United States), Link Engine Management Ltd (New Zealand), EPAM Systems, Inc. (United States), Elektrobit (Germany), Intellias Ltd (Ukraine), N-iX (Ukraine), Luxoft (Switzerland) and NI (United States). Additionally, following companies can also be profiled that are part of our coverage like KPIT Technologies (India) and Embitel (India). Analyst at AMA Research see European Players to retain maximum share of Global Automobile ECU Software market by 2028. Considering Market by Propulsion Type, the sub-segment i.e. Battery Powered will boost the Automobile ECU Software market. Considering Market by Vehicle Type, the sub-segment i.e. Passenger Cars will boost the Automobile ECU Software market. Considering Market by ECU Capacity, the sub-segment i.e. 16-bit ECU will boost the Automobile ECU Software market.
Latest Market Insights:
In March 2023, Acsia Technologies Pvt Ltd (Acsia), a global automotive software technology and research company, acquired Arctictern Solutions GmbH (Arctictern), a German automotive software services startup. This acquisition is part of Acsia's expansion plans in the global automotive software and technology market. The new German entity based in Karlsruhe will help Acsia work with more automakers and Tier 1s for software development, technical consulting and cloud services. As Germany is an automotive hub, this acquisition could be a boon for Acsia's business activities in the region.
On 10th June 2020, NI, the provider of a software-defined platform that helps accelerate the development and performance of the automated test and automated measurement systems, has announced its ECU Test System offering.
What Can be Explored with the Automobile ECU Software Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Automobile ECU Software Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Automobile ECU Software
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Automobile ECU Software market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Automobile ECU Software market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Automobile ECU Software Providers, Automobile ECU Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.