Semiconductors & Electronics Industry Automotive ECU Market Size

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Automotive Electronics Control Unit Market Share, Size, Analysis,
Growth, Trends and Forecasts to 2024 | Hexa Research
“As per latest market research studies, the global
Automotive Electronics Control Unit Market is
projected to reach USD 53.91 billion by 2024
growing at a CAGR of 6.7% from 2016 to 2024.”
The global Automotive Electronics Control Unit Market is estimated to report USD 53.91 billion by 2024 from
USD 35.1 billion in 2016 expanding at a CAGR of 6.7% from 2016 to 2024. Factors that fuel this industry are
widespread deployment of ECUs in electric vehicles and the popularity of infotainment systems. Surging
demand for electric vehicles is fuelled by ecological concerns and high focus on energy efficiency of vehicles.
Shift of focus towards green technologies propels the demand for driver-assist systems. This reduces the
excessive dependency on fossil fuels and also controls CO2 emissions. The growing popular ity of electric
vehicles is another key factor that will fuel this industry in the forthcoming years.
The preference for sophisticated systems in mid-sized vehicles, such as navigation and high-end communication
systems will create opportunities for expansion of this industry. Increasing R&D expenditure aimed at the
production of cost-efficient components for various ECUs will fuel market demand. However, owing to
complexities in the consolidation of automotive domains, this market is likely to face certai n bottlenecks.
Browse Details of Report @ https://www.hexaresearch.com/research-report/automotive-electronics-
control-unit-market
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