According to the research report titled ‘Global Engine control unit market Size study, by Application, ECU Capacity (16-bit, 32-bit, 64 bit), Propulsion (BEVs, HEVs, ICE), Level of Autonomous Driving, (Autonomous Vehicles, Conventional Vehicles, Semi-Autonomous Vehicles) Vehicle Type (LDV, HCV, Construction & Mining Equipment, Agricultural Tractors), and Regional Forecasts 2021-2027’, available with MarketStudyReport, global engine control unit market is anticipated to garner substantial returns by the year 2027.
 

Rising demand for electric vehicles is catapulting the global engine control unit market growth. In fact, Global EV Outlook 2020 published by IEA (International Energy Agency) cites that 2.1 million electric cars were sold in 2019, boosting the stock to 7.2 million EVs in total.
 

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For the unversed, an engine control unit essentially regulates a set of moving devices, like actuators on an internal combustion engine, to improve engine performance. It gathers data from a variety of sensors in the engine bay and adjusts the engine actuators accordingly.
 

Incorporation of comfort systems & convenience and advanced safety, in consort extensive integration of technically advanced applications in mid-range as well as luxury vehicles will accelerate the market growth during the forecast period.
 

However, the risk of operation failure in ECU performance may stifle the industry growth over the projection period of 2021-2027.
 

On the basis of application, global engine control unit marketplace is divided into powertrain system, infotainment & communication system, body control & comfort system, and ADAS & safety system. In terms of ECU capacity, the industry is fragmented into 64 bit, 32-bit, and 16-bit.
 

In terms of propulsion segment, the market is classified into ICE vehicles, HEVs, and BEVs. With respect to level of autonomous driving, the industry is branched into semi-autonomous vehicles, conventional vehicles, and autonomous vehicles. In regards with vehicle type, the market is categorized into heavy commercial vehicles, light duty vehicles, agricultural tractors, and constructional & mining equipment.
 

Considering the regional landscape, Asia Pacific market held a significant industry share in the recent past and is likely to witness rapid growth during the forecast period 2021-2027, owing to rising demand & production of electric passenger vehicles, and preference for luxurious and mid-range vehicles having next-gen features.
 

The major players in global engine control unit market are Continental AG, Aptiv plc, Robert Bosch GmbH, DENSO Corporation, Lear Corporation, Hitachi Ltd., Autoliv Inc., ZF Friedrichshafen AG, Magneti Marelli S.p.A., and Mitsubishi Electric Corporation.