MRO Magazine

Growing Demand for Automobiles Drives Global Automotive Electronics Control Unit Management (ECU/ECM) Market


March 30, 2015
By Business Wire News

ALBANY, N.Y.

Transparency Market Research has recently published a research document about the consumer goods sector, titled “Automotive Electronics Control Unit Management (ECU/ECM) Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020”.

Browse Report: http://www.transparencymarketresearch.com/automotive-electronics-control-unit-management.html

According to the report, the global automotive electronics control unit management market is currently growing at a CAGR of 6.3% from 2014 to 2020. The market’s 2013 value was US$28.60 billion and is predicted to reach a net worth of US$43.72 billion by 2020.

Browse Press Release: http://www.transparencymarketresearch.com/pressrelease/automotive-electronics-control-unit-management.htm

The global automotive electronics control unit management market’s primary driver is the extensive global demand for better quality automobiles that is derived from an increasing amount of disposable income.

The report segments the global automotive electronics control unit management market according to technology and applications. According to technology, the power steering system held the largest market share as it is a common feature in all car segments today. In applications, the passenger cars segment held the largest market share. The major reason for this, according to the report, is an increasing amount of disposable income in the Asia Pacific region, which facilitates a greater use of the features in the global automotive electronics control unit management market.

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The current major market in the global automotive electronics control unit management market is Asia Pacific, with China and India leading it in terms of demand.

The report also says that the global automotive electronics control unit management market is expected to be driven by a growing preference for feature-heavy luxury cars in developed nations.

The global automotive electronics control unit management market was led by Europe in 2013. It is currently driven by a growing logistics industry and the incorporation of more safety features in cars.

Other Report:

Instrumented Bearing Market: http://www.transparencymarketresearch.com/instrumented-bearing-market.html

About Transparency Market Research

Transparency Market Research (TMR) is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

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