With the introduction of engine control unit sector, the transformation of vehicles into modernized version has taken place recently. An engine control unit (ECU) is popularly known as engine control module (ECM). ECU is used to control actuators on an internal combustion of a vehicle. ECU belongs to automotive electronics unit, which is used to regulate different functions of a vehicle for increasing its performance. Approximately 80-100 ECUs are inserted in modernized cars and luxury cars such as 7-series BMW are made of 150 ECUs. Various functions, such as fuel injection, spark ignition, variable valve timing, idle speed control, and so on are controlled by ECUs. In addition, ECUs have been incorporated with microprocessors for enhancing the efficiency and prompt reaction along with the control on overall performance of a car or a vehicle. In a published report by Future Market Insights (FMI), it is expected that the global market for engine control unit is likely to witness a robust growth at a CAGR of 7.1% throughout the forecast period, 2017-2022.
Key Segmentation with Dynamics of Global Engine Control Unit Market
The report has given comprehensive analysis on the different segments in the global market for engine control unit. The segments are based on the different types of vehicles, products, sales channels and regions. The different types of vehicles are commercial vehicle, premium vehicle, heavy commercial vehicle (HCV), mid-sized vehicle (MCV), compact vehicle and luxury vehicle. Among all, the largest growing sub-segment is commercial vehicle segment, which is expected to expand at a CAGR of 7.7% along with a significant market value in the approaching years.
Various products in the global market for engine control unit are transmission control module, powertrain control module, vehicle control module, communication & navigation control module, engine control module, human machine interface, safety & security control module and body control module. Based on the estimated high revenue share in the market over the assessment period, the manufacturers are keenly interested to invest in this segment. Owing to the progressive growth, the highest revenue share of 18.3% and market value of US$ 9.5 Bn from safety & security segment, the demand for ECU will be growing rapidly. In addition, this growing demand will create a trend in the global engine control unit market. Besides, it is foreseen that the highest CAGR of 9.8% will be registered by the communication and control module segment throughout the forecast period.
Based on original equipment manufacturer (OEM) and aftermarket sales channels, the demand for the engine control units is increased rapidly in the market. Owing to the high demand and rapid expansion, the sales channels are expected to share US$ 9 Bn revenue in the global ECU market in the years to come.
Geographically, the global engine control units are segmented into five distinct regions widely. The regions are North America, Europe, Asia-Pacific excluding Japan (APEJ), Latin America, Japan and Middle-East & Africa (MEA). It is expected that Asia Pacific excluding Japan (APEJ) will be the largest market for ECU with a steady CAGR of 8.2% through 2022. Owing to the low maintenance cost, easy rules to operate and developed technology, the global engine control unit market will be growing robustly.
In the global market for engine control unit, various key players are active to lead over the forecast period. Such key stakeholders are Autoliv Inc., Delphi Automotive Plc, Magneti Marelli S.p.A, Takata Corporation, Hitachi Ltd., Denso Corporation, Mitsubishi Electric Corporation, ZF Friedrichshafen AG, Continental AG and Robert Bosch GMBH, among others. These key participants are dominating ECU market & their developments, financials, SWOT analysis and product portfolio.
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