Executive Briefings

Growing Car Sales Drive Multibillion-dollar Electronics Control Unit Market

The global automotive electronics control unit management market is predicted to grow at a CAGR of 6.3 percent from 2014 to 2020, meaning that the market's 2013 value of $28.6bn and should reach a net worth of $43.7bn by 2020.

Growing Car Sales Drive Multibillion-dollar Electronics Control Unit Market

The report, from Transparency Market Research, says the automotive electronics control unit management market's primary driver is the extensive global demand for better quality automobiles that is derived from an increasing amount of disposable income.

The report, Automotive Electronics Control Unit Management (ECU/ECM) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020, segments the market according to technology and applications. In technology, the power steering system held the largest market share as it is a common feature in all car segments today. In applications, the passenger cars segment held the largest market share. The major reason for this, according to the report, is an increasing amount of disposable income in the Asia Pacific region, which facilitates a greater use of the features in the global automotive electronics control unit management market. Asia Pacific is the largest market, with China and India leading it in terms of demand.

The report also says that the market is expected to be driven by a growing preference for feature-heavy luxury cars in developed nations.

Source: Transparency Market Research

The report, from Transparency Market Research, says the automotive electronics control unit management market's primary driver is the extensive global demand for better quality automobiles that is derived from an increasing amount of disposable income.

The report, Automotive Electronics Control Unit Management (ECU/ECM) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020, segments the market according to technology and applications. In technology, the power steering system held the largest market share as it is a common feature in all car segments today. In applications, the passenger cars segment held the largest market share. The major reason for this, according to the report, is an increasing amount of disposable income in the Asia Pacific region, which facilitates a greater use of the features in the global automotive electronics control unit management market. Asia Pacific is the largest market, with China and India leading it in terms of demand.

The report also says that the market is expected to be driven by a growing preference for feature-heavy luxury cars in developed nations.

Source: Transparency Market Research

Growing Car Sales Drive Multibillion-dollar Electronics Control Unit Market