The global vehicle control unit market size is expected to reach USD 7.32 billion in 2024 and is anticipated to reach USD 15.51 billion by 2029, growing at a CAGR of 16.2% from 2024 to 2029.
A system in automotive electronics which have the power to manage one or quite one system in a vehicle may be a vehicle control unit (VCU). They act as a website controller for hybrid or electric cars. VCU also has the power to supply torque coordination, charging control, high voltage coordination, and thermal management, among others.
The expanding adoption of sophisticated security technologies and pilot aid functions are anticipated to fuel the event of the automotive VCU industry with characteristics like the identification of blind spots and instant emergency driving at reduced prices. The rising desire for luxurious and hybrid vehicles for patrons are additionally the factors supposed to be influencing the requirement over the foreseen period.
Increasing demand for electric vehicles, the growing prevalence of automation in cars and the electrification of automotive components are the factors that are expected to propel the expansion of the worldwide vehicle control unit market. The increasing safety concerns among the population and growing demand for ADAS and automatic safety systems are other factors that also act as market drivers.
However, the high investment cost is an essential factor that might hamper the market expansion.
REPORT METRIC |
DETAILS |
Market Size Available |
2023 to 2029 |
Base Year |
2023 |
Forecast Period |
2024 to 2029 |
CAGR |
16.2% |
Segments Covered |
By Vehicle Type, Capacity Type, Function, Component Type, Voltage Type, Communication Technology Type, Propulsion Type, and Region. |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
Robert Bosch GmbH (Germany), Continental AG (Germany), Texas Instruments (US), Mitsubishi Electric Corporation (Japan), ZF Friedrichshafen AG, Denso Corporation, Delphi Technologies, and STMicroelectronics (Switzerland), and Others. |
Due to the growing supply of classy electrical devices, like infotainment and navigation systems, ADAS, windshield huds, etc., the ECU 32-bit section retained its most significant market share in 2018 supported capability. The elevated efficiency provided by ECU 32-bit has improved their utilization in automotive instruments, drive control units, and drive structures. The ECU 64-bit section, on the opposite side, is predicted to develop over the foreseen period at a maximum CAGR thanks to increased supply for better operational system results. The ECUs are utilized in applications requiring elevated calibration and fast real-time handling.
The software segment continues to possess lucrative growth during the forecast period. The software is often reprogrammed over the air (OTA) utilizing SOTA and FOTA protocols. Because of this, VCU is exceptionally flexible, and adaptable and may fit into any vehicle system with the help of required programming.
The PHEV segment is likely to expand with a notable growth rate in the coming years due to the increasing environmental concerns around the world.
North America is anticipated to develop with a high CAGR in the foreseen period. The growing demand for luxury cars within the region is attributed to the present dominance. Additionally, an increased supply of energy-efficient vehicles and rigid laws by the government to decrease carbon emissions drive global market demand. The growing desire for linked vehicles also contributes to the event of the economy. Europe goes to possess lucrative growth during the outlook period because it may be a critical region for developments, significant R&D, and technological advancements in electric vehicles, advanced automotive systems, and charging solutions. The surge in demand for advanced automotive features in electric vehicles and the electrification of automotive components are supporting the market boom in the region.
The Asia Pacific region is predicted to be the fastest-growing and, therefore, the largest vehicle control unit market in the world. The market growth within the region is often attributed to the massive electric vehicle sales volume within the area. Considering the enormous EV sales volume and continuous technological advancements within the battery management systems, body control, infotainment features, and innovative charging solutions, China is predicted to steer the vehicle control unit market in the Asia Pacific region.
Robert Bosch GmbH (Germany), Continental AG (Germany), Texas Instruments (US), Mitsubishi Electric Corporation (Japan), ZF Friedrichshafen AG, Denso Corporation, Delphi Technologies, STMicroelectronics (Switzerland). These are the market players that are dominating the global vehicle control market.
By Vehicle Type
By Capacity Type
By Function
By Component Type
By Voltage Type
By Communication Technology Type
By Region
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