Automotive Electronic Control Unit Market - Global Market Share, Trends, Analysis and Forecasts, 2020 - 2030

in automotive •  4 years ago 

The Global Automotive Electronic Control Unit Market size was estimated to be US$ 61 billion in 2019 and the expected CAGR through 2030 is 3.5%. Expansion of automotive industry, increased investment in research and development of advanced automotive electronic systems and increasing investment in development of autonomous vehicles are the major growth influencing factors of the global automotive electronic control unit market. The automotive industry has expanded significantly during past decade and has witnessed continuous advancement in vehicle control technology. An automotive electronic control unit is an embedded system responsible for monitoring and control of electrical and electronic subsystem in an automobile. Emergence of automotive electronic control units has intensified the competition in the automotive industry globally with North America and Europe being the forerunners in technology development. Electronic control unit is used to control the sub-systems in an automobile for improved performance, enhanced safety and reduced carbon emissions. An automobile consists of different electronic control units such as engine control module (ECM), transmission control module (TCM), powertrain control module (PCM), central control module (CCM), brake control module (BCM or EBCM), central timing module (CTM), body control module (BCM), general electronic module (gem), suspension control module (SCM) and so on.

Read More@https://www.insightslice.com/automotive-electronic-control-unit-market

Automotive Electronic Control Unit Market.jpg

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!