Market Insight: Automotive ECU Market to Reach $58.4 Billion by 2023

Lucintel has announced the launch of a market research report entitled “Growth Opportunities in the Global Automotive Electronic Control Unit Market.”
This market report for automotive ECU identifies and predicts future opportunities for growth in the global automotive electronic control unit market for various segments and for the various regions of North America, Europe, Asia Pacific, and the Rest of the World. It also identifies growth opportunities for the automotive electronic control unit in the passenger car, light commercial vehicle, and heavy commercial vehicle segments.
According to our market report, the global automotive ECU market is expected to reach an estimated $58.4 billion by 2023 and it is forecast to grow at a CAGR of 6.0% from 2018 to 2023. Some of the dominant players in the global automotive ECU market are Continental AG, Robert Bosch GmbH, and Denso Corporation, ZF TRW Automotive Holdings Corporation, Delphi Automotive PLC.
In the automotive ECU market, passenger car, light commercial vehicle, and heavy commercial vehicle are some of the major segments. On the basis of its comprehensive research, Lucintel forecasts that the safety and security, powertrain, and entertainment segments will show above-average growth during the forecast period.
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