According to the business intelligence report titled ‘Global Body Control Module (BCM) Market, 2021-2027’, available with MarketStudyReport, global body control module market is slated to grow at an annual rate of 3.4% between 2021-2027.
 

Surging demand for advanced safety, convenience, and comfort features in vehicles, growing production and sales of vehicles, and stringent government regulations by governments are promulgating global body control market growth. Further, surging demand for electric & hybrid vehicles will enhance revenue inflow in the upcoming years.  
 

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For the unaware, automotive body control module is an electronic control unit responsible for controlling and monitoring electronic devices installed in an automobile. BCM controls the power mirrors, power windows, immobilizer system, air conditioning, central locking and other functions by linking outputs and inputs using powerful microprocessors.
 

Experts cite that increasing complexity in modules may present a challenge. However, technological developments in electric components will continue stimulate industry growth over the analysis period.
 

Taking the analysis further, the document present in-depth segmental studies based on the product landscape, application spectrum, and geographical scope. All the sub-markets are individually assessed to identify the key avenues for business expansion over the forecast timeline.
 

Based on product gamut, global body control module market is split into LIN bus, and CAN bus. Speaking of application scope, the industry is divided into MCVs & HCVs, LCVs, and passenger cars.
 

Considering the geographical bifurcation, the market size spans across Asia Pacific, Europe, North America, Middle East & Africa, and South America. Among these, Asia Pacific held a major share in the industry in the recent past owing to high adoption rate of body control modules, and flourishing automotive sector, especially in India and China.
 

Leading players formulating the competitive landscape of the worldwide body control module industry are Aptiv Plc, Robert Bosch GmbH, Infineon Technologies AG, Continental AG, and Hella KGaA Hueck & Co. among others. These companies are undertaking strategic decisions such as mergers & acquisitions, alliances, collaborations, partnerships, product launches, and research & development investments to maximize profits and strengthen their foothold in the business sphere.