Report : Europe Automotive ECU Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (ADAS and Safety System, Body Control and Comfort System, Infotainment and Communication System, and Powertrain System), Propulsion Type (Electric, Hybrid, and ICE), ECU Capacity (16-bit ECU, 32-bit ECU, and 64-bit ECU), and Vehicle Type (Heavy Duty, Medium Duty, and Light Duty)
ICE Segment to Dominate Europe Automotive ECU Market During 2021–2028
According to a new market research study on “Europe Automotive ECU Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Application, Propulsion Type, ECU Capacity, and Vehicle Type” is expected to reach US$ 11,147.28 million by 2028 from US$ 7,447.15 million in 2021. The market is estimated to grow at a CAGR of 5.9% from 2021 to 2028. The report provides trends prevailing in the Europe automotive ECU market along with the drivers and restraints pertaining to the market growth. Increasing popularity of fully-autonomous cars and surging preference for electrification of vehicles are the major factor driving the growth of the Europe automotive ECU market. However, operational failures in ECUs and high cost of ECU replacement hinders the growth of Europe automotive ECU market.
In case of COVID-19, Europe is highly affected specially France. The COVID-19 pandemic has distrusted the supply chains in various European countries. Italy, Spain and Germany, among others, have implemented drastic measures and travel restrictions to limit the spread of the disease. European countries represent a major share in the automotive ECU market as this region has the highest road safety standards in world. However, disruptions in the supply chain of automotive ECU hardware components has significantly affected the deployment of automotive ECUs. Moreover, the manufacturing of various consumer electronics devices and production of automobiles in European countries exhibited a sharp decline in 2020, and the enterprises would need time to stabilize their businesses. Furthermore, the recurrent imposition of containment measure owing to the spread of mutated strains further hampers the market growth in Europe.
The Europe automotive ECU market is segmented into application, propulsion type, ECU capacity, vehicle type, and country. Based on application, the market is divided into ADAS and safety system, body control and comfort system, infotainment and communication system, and powertrain system. The ADAS and safety system segment dominated the market in 2020 and infotainment and communication system segment is expected to be fastest growing during forecast period. By propulsion type, the market is broadly classified into electric, hybrid, and ICE. The ICE segment dominated the market in 2020 and electric segment is expected to be fastest growing during forecast period. On the basis of ECU capacity, the market is segmented into 16-bit ECU, 32-bit ECU, and 64-bit ECU. The 32-bit ECU segment dominated the market in 2020 and 64-bit ECU segment is expected to be fastest growing during forecast period. Whereas, based on vehicle type, the market is segmented into heavy duty, medium duty, and light duty. The light duty segment dominated the market in 2020 and heavy duty segment is expected to be fastest growing during forecast period. Based on country, the market is segmented into the UK, Germany, France, Italy, Russia, and rest of Europe.
Aptiv PLC; Continental AG; Denso Corporation; Hitachi, Ltd.; Mitsubishi Electric Corporation; Pektron; Robert Bosch GmbH; Veoneer Inc; and ZF Friedrichshafen AG are among the leading companies in the Europe automotive ECU market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2019, Aptiv PLC completed the acquisition of gabo Systemtechnik GmbH ("gabocom") from Bregal Unternehmerkapital. gabocom,a leading provider of cable management and protection solutions for the telecommunications industry, is expected to operate within HellermannTyton, a business unit of Aptiv's Signal and Power Solutions segment.
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