Automotive Electronics Control Management Market Size Expected to Attain USD 48.0 Billion by 2031, Growing at a 5.7% CAGR Amid Rising EV Adoption |Transparency Market Research Projection
An increase in integration of electronic control units is boosting the market for automotive electronic control management
Wilmington, Delaware, United States, Transparency Market Research, Inc. , Oct. 21, 2024 (GLOBE NEWSWIRE) — The automotive electronics control management market (자동차 전자 제어 관리 시장) was estimated at US$ 29.2 billion in 2022. A CAGR of 5.7% is expected from 2023 to 2031, and the market is expected
Global Automotive Electronics Control Management Market: Competitive Landscape
Organic and inorganic expansion are common methods companies use in the global automotive electronics control management market.
Key Developments
- In August 2023, Continental enhanced its software development toolbox for automotive. A virtual cloud-based electronic control unit can be configured and run in the development environment of vehicle manufacturers, suppliers, and third parties with the future virtual ECU Creator software (vECU Creator), facilitating software development for hardware that does not yet exist in microcontrollers and processors.
Global Automotive Electronics Control Management Market: Segmentation
By Application
- Engine Control Module
- Transmission Control Module
- Brake Control Module
- Suspension Control Module
- Body Control Module
- ADAS Module
By Vehicle
- Passenger Vehicle
- Commercial Vehicle
- Electric Vehicle
By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
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