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Global Electric Vehicle Control Unit Market Size, Analysis: By Propulsion Type: Battery Electric Vehicle, Hybrid Electric Vehicle; By Application: ADAS and Safety System, Body Control and Comfort System, Infotainment System, Others; By Vehicle Type: Passenger Cars, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Global Electric Vehicle Control Unit Market Outlook
The global electric vehicle control unit market size reached approximately USD 10.78 billion in 2023. The market is estimated to grow at a CAGR of 18.0% in the forecast period of 2024-2032, reaching a value of around USD 48.66 billion by 2032.
Key Trends in the Market
An electric vehicle control unit or electric vehicle controller (EVC) is a control system which is responsible for controlling and coordinating the functions of a vehicle’s subsystems. Some of its major uses include torque coordination, charging control, and ADAS management, among others.
- Increased incorporation of integrated electric control units (ECUs) in EVs, which consolidate functions of electric vehicles and reduce the overall number of controllers, is one of the key electric vehicle control unit market trends.
- The burgeoning popularity of EVC tuning in hybrid vehicles, which enhances the power and torque of the engine, and improves the manoeuvrability and driving comfort of the car, is another crucial trend aiding the market expansion.
- Several electric and hybrid vehicles are equipped with V2X (vehicle to everything) technology in their controllers to collect select faster-driving routes depending upon the live traffic conditions, hereby improve the fuel efficiency of the vehicle.
- Market players are readily investing in EV production plants to increase the overall number of EVs and their related components in the automotive sector, which further supports the electric vehicle control unit market growth.
Market Analysis
Based on propulsion type, the market is bifurcated into battery electric vehicle and hybrid electric vehicle. On the basis of application, the market is divided into ADAS and safety system, body control and comfort system, and infotainment system, among others.
The electric vehicle control unit market segmentation, based on vehicle type, includes passenger cars, light commercial vehicle, and heavy commercial vehicle. The major regional markets of electric vehicle control unit include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the electric vehicle control unit market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Continental AG
- Robert Bosch GmbH
- Mitsubishi Electric Corporation
- Denso Corporation
- BorgWarner Inc.
- Hitachi Ltd.
- Hyundai Motor Company
- HELLA GmbH & Co. KGaA
- Texas Instruments Incorporated
- AEM Electronics, Inc
- Others
Market Share by Application
ADAS and safety system occupies a significant portion of the electric vehicle control unit market share, due to the growing implementation of ECUs in electric vehicles to monitor the nearby surroundings using camera and sensors. Factors such as the increased number of sensors in ADAS, coupled with the demand for high data transmission speed to interpret the traffic data, also necessitate the requirement of a vehicle control unit.
Additionally, ECU smoothens the functioning of ADAS and makes autonomous driving safer, which provides a positive market outlook.
Market Share by Region
As per the electric vehicle control unit market analysis, the Asia Pacific accounts for a substantial share of the global market, owing to the rising integration of ECU in battery-operated passenger cars in the region. Increased demand for electric vehicles, due to their zero-emission nature, also creates ample opportunities for the demand for EV control units in the APAC market.
Furthermore, the burgeoning presence of several market players that are focused on developing high-end vehicle technology in the region plays a vital role in market growth.
Competitive Landscape
Continental AG, founded in 1871 and based in Hanover, Germany, is a multinational manufacturer of automotive parts. The company offers products and services such as automotive tyres, electric mobility, autonomous mobility, car infotainment, and safety technologies, among others.
Robert Bosch GmbH is a global technology corporation, established in 1886 and headquartered in Gerlingen, Germany. The company primarily offers its services in consumer goods, mobility, industrial technology, and energy and building technology, among others.
Mitsubishi Electric Corporation, incorporated in 1921, is one of the leading sellers of electrical and electronic components and goods. The company with, its headquarters in Tokyo, Japan, offers a comprehensive range of products such as air conditioning systems, automotive equipment, building systems, and transportation systems, among others.
Other electric vehicle control unit market players include Denso Corporation, BorgWarner Inc., Hitachi Ltd., Hyundai Motor Company, HELLA GmbH & Co. KGaA, Texas Instruments Incorporated, and AEM Electronics, Inc, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Propulsion Type |
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| Breakup by Application |
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| Breakup by Vehicle Type |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Electric Vehicle Control Unit Market Analysis
8.1 Key Industry Highlights
8.2 Global Electric Vehicle Control Unit Historical Market (2018-2023)
8.3 Global Electric Vehicle Control Unit Market Forecast (2024-2032)
8.4 Global Electric Vehicle Control Unit Market by Propulsion Type
8.4.1 Battery Electric Vehicle
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Hybrid Electric Vehicle
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Electric Vehicle Control Unit Market by Application
8.5.1 ADAS and Safety System
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Body Control and Comfort System
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Infotainment System
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Electric Vehicle Control Unit Market by Vehicle Type
8.6.1 Passenger Cars
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Light Commercial Vehicle
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Heavy Commercial Vehicle
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Global Electric Vehicle Control Unit Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Electric Vehicle Control Unit Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Electric Vehicle Control Unit Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Electric Vehicle Control Unit Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Electric Vehicle Control Unit Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Electric Vehicle Control Unit Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Continental AG
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Robert Bosch GmbH
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Mitsubishi Electric Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Denso Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 BorgWarner Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Hitachi Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Hyundai Motor Company
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 HELLA GmbH & Co. KGaA
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Texas Instruments Incorporated
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 AEM Electronics, Inc
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Electric Vehicle Control Unit Market: Key Industry Highlights, 2018 and 2032
2. Global Electric Vehicle Control Unit Historical Market: Breakup by Propulsion Type (USD Billion), 2018-2023
3. Global Electric Vehicle Control Unit Market Forecast: Breakup by Propulsion Type (USD Billion), 2024-2032
4. Global Electric Vehicle Control Unit Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Electric Vehicle Control Unit Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Electric Vehicle Control Unit Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2023
7. Global Electric Vehicle Control Unit Market Forecast: Breakup by Vehicle Type (USD Billion), 2024-2032
8. Global Electric Vehicle Control Unit Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Electric Vehicle Control Unit Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Electric Vehicle Control Unit Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Electric Vehicle Control Unit Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Electric Vehicle Control Unit Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Electric Vehicle Control Unit Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Electric Vehicle Control Unit Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Electric Vehicle Control Unit Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Electric Vehicle Control Unit Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Electric Vehicle Control Unit Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Electric Vehicle Control Unit Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Electric Vehicle Control Unit Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Electric Vehicle Control Unit Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 10.78 billion.
The market is projected to grow at a CAGR of 18.0% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 48.66 billion by 2032.
The major market drivers are the growing popularity of electric vehicles, increased investment in vehicle automation, and technological advancements in electric vehicles.
The key trends of the market include increased incorporation of integrated electric control units (ECUs) in EVs, burgeoning popularity of EVC tuning in hybrid vehicles, incorporation of V2X (vehicle to everything) technology into EV controllers, and growing investment in EV production plants.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Different vehicle types are passenger cars, light commercial vehicle, and heavy commercial vehicle.
The key players in the market are Continental AG, Robert Bosch GmbH, Mitsubishi Electric Corporation, Denso Corporation, BorgWarner Inc., Hitachi Ltd., Hyundai Motor Company, HELLA GmbH & Co. KGaA, Texas Instruments Incorporated, and AEM Electronics, Inc, among others.
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