Impact of Covid-19 Outbreak on Autonomous Vehicle ECU Market Scope

01/giu/2020 07:23:43 Automotive Market Research Reports Contatta l'autore

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According to Market Research Future (MRFR)’s latest report, the global autonomous vehicle ECU market is projected to thrive at a moderate CAGR over the forecast period 2018 to 2023. The developmental opportunities of the automotive sector coupled with the rising demand for autonomous and semi-autonomous cars are expected to propel the expansion of the market in the forthcoming years.

According to a report published by the World Health Organization (WHO), around 1.35 million people die in road traffic crashes every year. Road safety is has raised red flags globally that has led to the enforcement of certain mandates such as the installation of advanced safety systems and anti-lock braking system (ABS). These are anticipated to expedite the growth of the autonomous vehicle ECU market as ECUs are highly utilized for controlling autonomous functions of a vehicle. In addition, the rising demand for advanced driver assisted system in vehicles is further expected to revolutionize the future trajectory of the market.

The strengthening global economy has led to a shift towards the adoption of autonomous cars. This, in turn, is anticipated to augment the global autonomous vehicle ECU market over the next couple of years. Furthermore, the technological advancements in the automotive sector are poised to have a favorable influence on the expansion of the global market over the review period.

Market Segmentation:

By application type, the global autonomous vehicle ECU market has been segmented into autonomous vehicles and semi-autonomous vehicles.

By vehicle type, the autonomous vehicle ECU market has been segmented into passenger car, light commercial vehicle, and heavy commercial vehicle.

Regional Analysis:

The global autonomous vehicle ECU market, by region, has been segmented into Europe, North America, Asia Pacific, and the Rest of the World (RoW). North America has been projected to secure the pole position in the global marketplace. The rising demand for advanced safety, comfort and convenience systems is forecasted to lead the expansion of the autonomous vehicle ECU market in the region over the next couple of years. The U.S. and Canada are anticipated to contribute significantly to the development of the regional market. In addition, the boosted sales of vehicles coupled with the increasing installation of ECUs are expected to favor the proliferation of the autonomous vehicle ECU market in the region.

Europe is expected to grow substantially over the next few years owing to the boom witnessed in the automotive sector. In addition, Asia Pacific is also likely to exhibit positive growth in the upcoming years. The region has been witnessing an upsurge in demand for automobiles backed by increasing purchasing power. This, in turn, is anticipated to catalyze the expansion of the autonomous vehicle ECU market in the region.

Competitive Dashboard:

Some of the key players operating in the global autonomous vehicle ECU market are Bosch (Germany), Continental AG (Germany), Intel Corporation (U.S.), Hitachi, Ltd. (Japan), Nvidia Corporation (U.S.), ZF Friedrichshafen AG (Germany), NXP Semiconductors N.V. (Netherlands), Renesas Electronics Corporation (Japan), Infineon Technologies AG (Germany), and Autoliv Inc. (Sweden).

Industry News:

In February 2019, Wave Computing®, a company that is accelerating artificial intelligence (AI) from the datacenter to edge, announced the launch of its MIPS processor technology for vehicles that are equipped with Advanced Driver Assistance Systems (ADAS).

In February 2019, Renesas Electronics Corporation, a Japanese semiconductor manufacturer, has announced the introduction of its microcontroller (MCU) with embedded flash that facilitates the integration of hardware-based virtualization-assisted function. The technology has been designed to accelerate automotive ECU integration.

In January 2019, SafeRide Technologies, an automotive cybersecurity company, has announced the introduction of vXRay which is an anomaly detection and behavioral profiling technology for Security Operation Centers (SOC) of connected vehicles.


Note: The COVID-19 pandemic disruption is estimated to transform the XX market in the years to come drastically, and its after-effects will be persistently seen in the years ahead. The MRFR report on the XX market meticulously tracks the COVID-19 pandemic effect for the years ahead. Moreover, the precise analysis of drivers and restraints in a post-COVID-19 market offers a coherent understanding of future growth cues.


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