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Friday Apr 24, 2015
Friday Apr 24, 2015
The global automotive ECU market is expected to reach USD 45.98 billion by 2020, according to a new study by Grand View Research, Inc. Increasing expenditure on R&D in order to lower the ECU costs is expected to propel market growth over the forecast period. Stringent government regulations for advanced safety features, facilitated by low-cost ECU development are expected to fuel automotive ECU market growth. Recent development in ECU technology is oriented towards making devices more sophisticated. Proliferation of in-car infotainment systems in various segments is expected to drive the automotive ECU market through the forecast period.
Continuous growth in the number of embedded components used by automotive manufacturers has spotlighted new opportunities for suppliers. Emergence of V2V and V2I connected systems is expected to spur market growth through the forecast period.
High level of complexity due to integration of automotive domains in order to combine individual ECUs into ECU domains would pose a challenge to market growth. Growing consumer preference towards sophisticated equipment in mid-sized vehicles such as high-end communication & navigation systems is expected to yield opportunities for the automotive electronics market.
View summary of this report @ http://www.grandviewresearch.com/industry-analysis/automotive-ecu-market
For More Information visit - http://www.grandviewresearch.com/
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