Transparency Market Research has published a new report titled, “Global Automotive Electronics Control Management Market [Application Type: Engine Control Module, Transmission Control Module, Brake Control Module, Suspension Control Module, Body Control Module, ADAS Module; Vehicle Passenger Vehicle, Commercial Vehicle and Electric Vehicle] – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.” According to the report, the global automotive electronics control management market is projected to surpass US$ 80 Bn by 2026, expanding at a CAGR of above 6% during the forecast period.

According to the report, the global automotive electronics control management market is likely to be driven by a range of macroeconomic and industry-specific factors. Asia Pacific is expected to be at the forefront of global demand, with the market in the region expanding at a CAGR of more than 7% between 2018 and 2026.

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In terms of application type, the global automotive electronics control management market has been divided into engine control module, transmission control module, brake control module, ADAS module, and others. The transmission control module segment is anticipated to expand at a significant rate during the forecast period owing to increasing adoption of automatic transmission across the globe. Increase in demand for fuel-efficient vehicles is projected to fuel the demand for automatic transmission during the forecast period. The transmission control module receives information from various sensors to provide better smooth shifting gear timing which ensure of comfortable driving experience, and it enhance the performance of complete transmission system.

The advance driver assistance system (ADAS) segment is anticipated to be a highly attractive segment during the forecast period. It is projected to expand rapidly, which in turn is expected to drive the automotive electronics control management market during the forecast period. Autonomous driving employs latest technologies, such as lane departure warning, blind spot detection, adaptive cruise control, automatic braking, in order to maintain safety and convenience. Furthermore, major OEMs are providing a majority of the ADAS technologies for safety purposes and for better driving experience, which in turn is projected to boost the demand for electronic control unit. This in turn is likely to drive the automotive electronics control management market during the forecast period.

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In terms of region, the global automotive electronics control management market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is a prominent market for automotive electronics control management. The market in Asia Pacific is anticipated to expand at a significant pace during the forecast period. Increasing trend of adoption of latest technology in Asia Pacific, owing to the presence of major auto manufacturers, such as Toyota, Hyundai, and Volkswagen, is likely to boost the market. Furthermore, increase in sales of premium vehicles owing to several factors such as increase in per capita income and lower bank interest rates, is anticipated to drive the automotive electronics control management market during the forecast period.

Prominent players operating in the global automotive electronics control management market include Calsonic Kansei Corporation, Continental AG, Delphi Auto Parts, Denso Corporation, HELLA GmbH & Co. KGaA, Hitachi Automotive Systems, Ltd., HYUNDAI MOBIS, Infineon Technologies AG, Magneti Marelli S.p.A., Mitsubishi Electric Corporation, Robert Bosch GmbH, TREMEC, and ZF Friedrichshafen AG.

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