Global Vehicle Control Unit Market Growth Factors, Applications, and Forecast by 2024-2032

Vehicle Control Unit Market Size And Forecast

Vehicle Control Unit Market size was valued at USD 6.62 Billion in 2024 and is projected to reach USD 19.7 Billion by 2031, growing at a CAGR of 16.10% from 2024 to 2031.

Increasing demand for electric vehicles and the rising prevalence of automation in vehicles and the electrification of automotive parts are the factors that are expected to propel the growth of the global vehicle unit market. The Global Vehicle Control Unit Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Vehicle Control Unit Market Definition

A system in automotive electronics which have the ability to manage one or more than one system in a vehicle is a vehicle control unit (VCU). They act as a domain controller for hybrid or electric vehicles. The VCU also guarantees highly automated driving (HAD) solutions with fail-operational functionality. VCU also has the ability to provide torque coordination, charging control, high voltage coordination, and thermal management among others. They also can manage other interconnected applications such as advanced driver assistance systems, predictive and automated longitudinal guidance and others.

Global Vehicle Control Unit Market Overview

The In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

Increasing demand for electric vehicles and the rising prevalence of automation in vehicles and the electrification of automotive parts are the factors that are expected to propel the growth of the global vehicle unit market. The rising safety concerns among the population and growing demand for ADAS and automated safety systems are some other factors that also act as a market driver. However, the high investments cost is a major factor that might hamper the market growth.

Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The “Global Vehicle Control Unit Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.

Global Vehicle Control Unit Market Segmentation Analysis

The Global Vehicle Control Unit Market is Segmented on the basis of Vehicle Type, Application, and Geography.

Vehicle Control Unit Market, By Vehicle Type

• Commercial Vehicle
• Passenger Car

Based on Vehicle Type, the market is segmented into Commercial Vehicle, Passenger Car. The passenger car segment accounts for the major share in the global market owing to the highest number of passenger cars on the road. The electric vehicle segment is also expected to show exponential growth in the market over the forecast period. In addition, the growing adoption of electric vehicles across the globe and increasing demand for safety features among millennials, along with the rising need for up-gradation, safe and comfortable driving experience in future vehicles, are altogether propelling the growth of this market over the globe.

Vehicle Control Unit Market, By Application

• Powertrain
• Braking system
• Body electronics
• ADAS
• Infotainment

Based on Application, the market is segmented into powertrain, braking system, body electronics, ADAS, and infotainment. The ADAS segment holds the largest share in the global market due to the rising demand for advanced driving-assisted features in all types of vehicles. Also, the few semiautonomous vehicles growing in demand will create advanced features and component requirements, increasing market growth. However, the body electronics segment is also expected to experience good growth in the market. The infotainment segment is also likely to experience significant growth due to the rise in demand for rising entertainment in vehicles.

Vehicle Control Unit Market, By Geography

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

Based on regional analysis, the Global Vehicle Control Unit Market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. The Asia Pacific region holds dominance in the global market. It continues to maintain its dominance over the forecast period owing to the growing demand for passenger cars in this region, and the purpose is the rising disposable income of people. It is estimated that the automotive electronic control unit market size in North America will show steady growth due to increasing use of safety systems in standard vehicles. The increase in installation of electronic systems in passenger cars, light commercial vehicles, and SUVs is expected to drive the growth of the electric vehicle ECU market in the region. Moreover, as per the study, it is estimated that Europe’s share will show significant growth in the automotive electronic control unit market. The area is home to many luxury car manufacturers who host various advanced electronic devices and sensors in their vehicles. This is expected to be the most crucial factor in the growth of the market in this region.

Key Players

The “Global Vehicle Control Unit Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Continental AG, Mitsubishi Electric Corporation, Robert Bosch GmbH, Pi Innovo, Embitel, Texas Instruments, STMicroelectronics, Rimac Automobili, Autonomous Solutions, Inc., and Iet Spa. This section provides a company overview, ranking analysis, company regional and industry footprint, and ACE Matrix.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.

Key Developments

• February 2021- Magna is planning to deliver a new product category to new vehicles. Magna to deliver 3D surround view with next-gen cameras and automotive electronic control units. Magna’s next-generation cameras and domain controllers will help make the benefits of 3D surround view — a driver-assistance technology found primarily on luxury vehicles – increasingly available starting with model years 2022 and expanding across multiple customers and vehicle platforms.
• January 2021- Panasonic, a pioneer in projection generation technology, plans to integrate its latest advances in optics, volume optimization, and imaging technology with A.I. from its SPYDR cockpit domain controller. Further, this renders near-field and far-field content for vehicle information (such as speed), object and pedestrian detection, and mapping/route guidance for a more seamless, engaged, and informed driver.
• March 2020 – Robert Bosch GmbH & Nikola Motor Company Formed Partnership to Develop Fuel Cell Truck This truck will have a capacity of 40-ton. The key element of the advanced truck system is the Bosch vehicle control unit, which provides higher computing power for advanced functions while reducing the number of independent units. VCU supports future innovations by delivering a scalable platform for the complex E/E architecture, which is essential to keep the advanced features of Nikola trucks.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Vehicle Control Unit Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in Global Vehicle Control Unit Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Report Scope

Research Methodology of Market Research: