Dublin, Sept. 24, 2020 (GLOBE NEWSWIRE) -- The "Global Electric Vehicle ECU Market: Focus on ECU Type (Body Domain Module, Motor Control Unit, Battery Management System, Transmission ECU, Infotainment ECU, and Others) and EV Type (BEV, HEV, and PHEV) - Analysis and Forecast, 2019-2024" report has been added to ResearchAndMarkets.com's offering.
The Global Electric Vehicle Electronic Control Unit Market (EV ECU) Anticipated to Reach $17.77 Billion by 2024
The global electric vehicle ECU market is mainly attributed due to the increased demand for efficient vehicles, such as BEVs and PHEVs, across the globe. Additionally, the implementation of certain regulations on both producers and consumers to control the emissions from conventional vehicles, which are hazardous to the environment, is also boosting the electric vehicle ECU market. The increased demand for in-house infotainment systems in electric vehicles and increased installation of advanced driver assistance systems (ADAS) features in automobiles are driving the adoption of ECUs in an electric vehicle.
A battery management ECU is an electronic regulator that monitors and controls the charging and discharging of rechargeable batteries. It also monitors and measures temperature and assures the adequacy of cooling. A battery management system avoids the stress of heat and over-temperature, along with eliminating the effects of excessive charging or discharging. It is essential for long battery life and optimum fuel efficiency.
The shift of automobiles from mechanical machines to electronic systems has increased the number of innovations such as infotainment, power steering, cruise control, HUD, in-car connectivity, and mobility. The increasing emphasis on advanced and innovative vehicle electronics technologies in electric vehicles is creating several opportunities for OEMs to expand their revenue stream and product portfolios. The most prominent change in on-board electronics of electric vehicles is the electronic control unit (ECU).
The major factors hindering market growth is the decentralized ECU architecture. Factors such as autonomous braking, adaptive cruise control, and potentially even autonomous driving capability will decrease the number of ECUs per vehicle. The decentralization of ECU will also affect the weight and cost of the vehicle. For instance, the centralization will optimize wiring which reduces the overall weight of the vehicle and increases efficiency. The centralization of ECU requires simpler protocols and fewer connections as compared to multiple ECUs.
Key Topics Covered:
1 Market Dynamics
1.1 Market Drivers
1.1.1 Paradigm Shift From Mechanical to Electronic Systems in Automobiles
1.1.2 High Demand for Infotainment Systems in Electric Vehicles
1.1.3 Growing Adoption of ADAS Technology
1.2 Market Restraints
1.2.1 Centralization of Vehicle ECUs Impacting the Volume Demand for Electric Vehicle ECU
1.3 Market Opportunities
1.3.1 Advent of Autonomous Mobility Services
1.3.2 Capitalize on Enabling Vehicle-to-Grid (V2G) Technology
2 Competitive Landscape
2.1 Key Market Development and Strategies
2.1.1 Product Launches
2.1.2 Partnerships, Collaborations, and Contracts
3 Industry Analysis
3.1 Industry Attractiveness
3.2 Product Benchmarking of Key Players
3.3 Who Supplies Whom?
4 Global Electric Vehicle ECU Market (by ECU Type), Analysis and Forecast (2019-2024)
4.1 Market Overview
4.2 Body Control Module
4.3 Motor Control Unit
4.4 Battery Management System or Battery ECU
4.5 Transmission ECU
4.6 Infotainment ECU
5 Global Electric Vehicle ECU Market (by EV Type), Analysis and Forecast (2019-2024)
5.1 Market Overview
5.2 Battery Electric Vehicle (BEV)
5.3 Plug-in Hybrid Vehicle (PHEV)
5.4 Hybrid Electric Vehicle (HEV)
6 Global Electric Vehicle ECU Market (by Region), Analysis and Forecast (2019-2024)
6.1 Market Overview
6.1.1 Global Electric Vehicle ECU Market (by Region), 000 Units, 2018-2024
6.1.2 Global Electric Vehicle ECU Market (by Region), $Million, 2018-2024
7 Company Profiling
Huber Automotive AG
Mitsubishi Electric Corporation
Robert Bosch GmbH
SIGRA Technologies GmbH
ZF Friedrichshafen AG
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