According to a new market report published by Lucintel, the future of the global vehicle control unit market looks promising with opportunities in passenger cars, and commercial vehicles segments. The global vehicle control unit market is expected to grow with a CAGR of 18% from 2021 to 2026. The major drivers for this market are increasing demand for passenger and commercial vehicles, increase in sale of vehicle control unit and rise in electrification and automation.
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In this market, controller area network, local interconnect network, flexray and ethernet are major communication types used in vehicle control unit. On the basis of comprehensive research, Lucintel forecasts that controller area network will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to the increase in the demand for electric vehicles to avoid pollution and emission caused by traditional fuels.
Within the global vehicle control unit market, the passenger cars segment is expected to witness the highest growth over the forecast period due to the rising demand for fuel-efficient vehicles and rising sales and production of the vehicle control unit.
APAC is expected to remain the largest market and witness the highest growth rate over the forecast period due to the large electric vehicle sales volume, and increasing volume of quick service and fast-food restaurants.
Emerging trends, which have a direct impact on the dynamics of the industry, include innovation in ADAS system, and increasing emphasis on advanced and innovative vehicle electronics technologies in electric vehicles. Continental AG, Mitsubishi Electric Corporation, Robert Bosch GmbH, Pi Innovo, Embitel, Texas Instruments, STMicroelectronics, Rimac Automobili, Autonomous Solutions, Inc., and Iet Spa are suppliers of the vehicle control unit market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global vehicle control unit market by propulsion type, communication type, capacity, function, vehicle type and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Vehicle Control Unit Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global vehicle control unit market by propulsion type, communication type, capacity, function, vehicle type and region, as follows:
By Propulsion Type [Value ($ Million) from 2015 to 2026]:
By Communication Type [Value ($ Million) from 2015 to 2026]:
Controller Area Network
Local Internet Network
FlexRay
Ethernet
By Capacity [Value ($ Million) from 2015 to 2026]:
By Function [Value ($ Million) from 2015 to 2026]:
Autonomous Driving/ADAS
Predictive Technology
By Vehicle Type [Value ($ Million) from 2015 to 2026]:
Passenger Cars
commercial Vehicles
By Region [Value ($ Million) from 2015 to 2026]:
North America
United States
Canada
Mexico
Europe
APAC
ROW
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
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