Report : Middle East and Africa 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)
Light Duty Segment to Dominate MEA Automotive ECU Market During 2021–2028
According to a new market research study on “MEA 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$ 609.76 million by 2028 from US$ 450.66 million in 2021. The market is estimated to grow at a CAGR of 4.4% from 2021 to 2028. The report provides trends prevailing in the MEA automotive ECU market along with the drivers and restraints pertaining to the market growth. Growing sales of SUV and increasing sales of premium cars are the major factor driving the growth of the MEA automotive ECU market. However, operational failures in ECUs and overpriced replacement hinders the growth of MEA automotive ECU market.
In case of COVID-19, MEA is highly affected especially South Africa. The automotive ECU market in the MEA is majorly affected by the disruption in the supply chain. Various containment measures enacted by governments, including travel restrictions, factory shutdown, and lockdown, have hampered the supply and distribution of electronics equipment. The demand for automotive ECUs has decrease in the last few quarters. The COVID-19 pandemic is anticipated to have extra impact on the MEA as oil-based economies in the region are already under pressure due to falling oil prices. In addition, factory and business shutdowns and travel bans are further aggravating the economic problems in the MEA. Nevertheless, the economies are likely to grow at a rapid pace in the post-pandemic period.
The MEA 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 UAE, Saudi Arabia, South Africa, and rest of MEA.
Aptiv PLC; Continental AG; Denso Corporation; Hitachi, Ltd.; Mitsubishi Electric Corporation; Pektron; Robert Bosch GmbH; and ZF Friedrichshafen AG are among the leading companies in the MEA 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 2021, Continental AG formed a Joint Venture with Horizon Robotics, to be located in Shanghai, China. The JW is expected to leverage from Continental's expertise in Advanced Driver Assistance Systems and Automated Driving and Horizon Robotics focus on Artificial Intelligence processors and algorithms for intelligent driving.
Contact Person: Sameer Joshi
Email Id: firstname.lastname@example.org