The Vehicle Control Unit Market is projected to grow at a CAGR 15.97% rate during the forecast period. Increasing emphasis on advanced and innovative vehicle electronics technologies in electric vehicles and electrification of automotive parts will create opportunities for OEMs to expand their revenue stream and geographical presence.
Software segment is estimated to be the fastest-growing market. Software can be reprogrammed over the air (OTA) using SOTA and FOTA protocols. Due to this, VCU is very flexible and can fit into any vehicle system with the help of required programming. Currently, all the VCU providers in the market are using their basic software in their VCUs. However, software can be reprogrammed easily using platforms such as MATLAB and Simulink. This makes the system much more flexible, as a company can roll out software updates over the air. Thus, just like most other electronic systems, hardware might get standardized in the future, and companies would roll out their software, designed predominantly for their vehicles. This would change the VCU market scenario in the future, as software with innovative technologies might get expensive, and hardware is expected to become cheaper.
The European region is estimated to be the second-fastest-growing market during the forecast period, after Asia Pacific. The region is a hub to major players such as Robert Bosch GmbH (Germany), Continental AG (Germany), STMicroelectronics (Switzerland), IET SPA (Perugia), Rimac Automobili (Croatia), and AIM Technologies (England). Europe is a key region for innovations, significant R&D, and technological advancements in electric vehicles, vehicle electronics, advanced automotive systems, and charging solutions. Germany is the largest market in Europe, followed by France. Germany, which is said to be the automotive hub of the world, is home to many established vehicle as well as VCU manufacturers and also has a higher EV adoption rate. The increasing demand for advanced automotive features in electric vehicles and electrification of automotive components are driving the vehicle control unit market in Europe.
Asia Pacific is expected to be the fastest-growing and the largest vehicle control unit market in the world. The market growth in the region can be attributed to the large electric vehicle sales volume in the region. Considering the large EV sales volume and continuous technological advancements in the battery management systems, automotive features, body control, and infotainment functions; and innovative charging solutions, China is expected to lead the vehicle control unit market in the Asia Pacific region.
Key Market Players include Robert Bosch GmbH (Germany), Continental AG (Germany), Texas Instruments (US), Mitsubishi Electric Corporation (Japan), and STMicroelectronics (Switzerland).
- Introduction
- Market Definition
- Study Scope
- Study Period
- Market Stakeholders
- Research Methodology
- Secondary Research
- Primary Research
- Research Design
- Data Validation
- Limitations and Assumptions
- Executive Summary
- Market Dynamics
- Drivers
- Growing Trend of Electric Vehicles
- Increasing Demand for Automation in Vehicles and Electrification of Automotive Parts
- Opportunities
- Increasing Demand for Innovative Technologies
- Customizable and Standardized VCU Software
- Challenges
- Possibility of Complete Failure
- High Investments Required
- Vehicle Control Unit Market, By Vehicle Type
- Commercial Vehicle
- Passenger Car
- Vehicle Control Unit Market, By Propulsion
- BEV
- HEV
- PHEV
- Vehicle Control Unit Market, By Capacity
- 16-Bit
- 32-Bit
- 64-Bit
- Vehicle Control Unit Market, By Voltage
- 12/24V
- 36/48V
- Vehicle Control Unit Market, By Offering
- Hardware
- Software
- Vehicle Control Unit Market, By Electric Two-Wheeler
- E-Scooter/Moped
- E-Motorcycle
- Vehicle Control Unit Market, By Off-Highway Electric Vehicle Type
- Mining
- Construction
- Agriculture
- Vehicle Control Unit Market, By Communication Technology
- CAN (Controller Area Network)
- LIN (Local Interconnect Network)
- Flexray
- Ethernet
- Vehicle Control Unit Market, By Function
- Autonomous Driving/ADAS
- Predictive Technology
- Vehicle Control Unit Market, By Region
- Asia Pacific
- China
- Japan
- India
- South Korea
- Europe
- France
- Germany
- Spain
- Austria
- Norway
- Sweden
- Switzerland
- Netherlands
- Denmark
- North America
- US
- Canada
- Company Profiles
- Robert Bosch GmbH
- Continental AG
- Texas Instruments
- Mitsubishi Electric Corporation
- STMicroelectronics
- Autonomous Solutions, Inc.
- Iet Spa
- Pi Innovo
- Embitel
- Rimac Automobili
- Pues Corporation
- Aim Technologies
*Company introduction, financial information, recent developments, SWOT analysis
- Conclusion and Recommendations
- Appendix
- About
- Related Reports
- Glossary
