Vehicle Control Unit Market

Market Leaders - Vehicle Control Unit Market

The vehicle control unit market is projected to reach USD 10.4 billion by 2027 from an estimated USD 2.9 billion in 2019, at a CAGR of 17.1%. The base year for the report is 2018, and the forecast period is from 2019 to 2027. The electric vehicle segment has witnessed rapid evolution with ongoing developments in vehicle electronics, ADAS, drive unit-related technologies, infotainment and comfort features, battery technology, and charging infrastructure.

Technological advancements in electronic powertrain solutions, autonomous driving, and vehicle electronics architecture, including hardware and software, are some of the major factors driving the growth of the vehicle control unit market. The increasing trend of adopting electric vehicles and electrification of existing automotive parts have a significant impact on vehicle electronics and other inter-related functions, resulting in the growth of vehicle control unit market.

To know about the assumptions considered for the study download the pdf brochure

The vehicle control unit market is dominated by globally established players such as Robert Bosch GmbH (Germany), Continental AG (Germany), Texas Instruments (US), Mitsubishi Electric Corporation (Japan), and STMicroelectronics (Switzerland). These companies developed new products, adopted expansion strategies, and undertook collaborations, partnerships, and mergers & acquisitions to gain traction in this high-growth vehicle control unit market.

European region is dominating the current global automotive industry and hence is home to most of the global leaders in the vehicle control unit market as well, such as Robert Bosch GmbH (Germany), Continental AG (Germany), STMicroelectronics (Switzerland), IET SPA (Perugia), Rimac Automobili (Croatia), and AIM Technologies (England).

Robert Bosch GmbH is one of the leading players in this market. The company is continuously developing new advanced vehicle control unit solutions with innovative technologies. Also, Bosch is investing heavily in the R&D of the vehicle control unit. In January 2018, Bosch formed its new Powertrain Solutions division to develop comprehensive and flexible solutions in powertrain technology, regardless of the energy source. The new division resulted from the merger of the former Gasoline Systems and Diesel Systems divisions. It offers comprehensive products and solutions for powertrain technology, from gasoline and diesel direct injection to electrified powertrains with battery systems and, in the future, it will provide fuel-cell technologies as well.

Continental AG is another leading player, followed by Texas Instruments, Mitsubishi Electric Corporation, and STMicroelectronics. In June 2019, Texas Instruments introduced an automotive system based chip that was the industry’s first to integrate a controller and transceiver for Controller Area Network with Flexible Data Rate (CAN FD). Designed to meet the high-bandwidth and data-rate flexibility needs of in-vehicle networks, the TCAN4550-Q1 uses the Serial Peripheral Interface (SPI) bus of almost any microcontroller to implement, with minimal hardware changes, a CAN FD interface or increase the amount of CAN FD bus ports in a system. In February 2019, Mitsubishi announced that it has developed what is believed to be the world's smallest power unit for a two-motor hybrid electric vehicle (two inverters and one converter), measuring just 2.7 liters in volume, offering a world-leading 150 kVA/l power density. The motor also boasts top-class output-power density of 23 kW/l.

Another important player in the industry is STMicroelectronics. In February 2018, STMicroelectronics developed chips that can tackle features like night vision, micro-mapping, and 360-degree detection, in a bid to meet demand from car manufacturers racing to build driverless autos. Also, in October 2017, it introduced the new Telemaco3Ptelematics and connectivity processors (STA1385 and its variants)—the first automotive microprocessors to integrate a powerful, dedicated, isolated Hardware Security Module (HSM), which acts as an independent security guard to watch data exchanges and encrypt and authenticate messages.

Related Reports:

Vehicle Control Unit Market by Vehicle Type, Component (Hardware & Software), Propulsion Type, Voltage (12/24V & 36/48V), Capacity (16, 32, & 64-bit), Electric Two-Wheeler, Communication Technology, Function, and Region - Global Forecast to 2027

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Vehicle Control Unit Market Size,  Share & Growth Report
Report Code
AT 7305
RI Published ON
Choose License Type

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
©2024 MarketsandMarkets Research Private Ltd. All rights reserved Protection Status