Automotive Electronic Control Unit Market size was valued at USD 83.05 billion in 2024 and is expected to cross USD 170.13 billion by the end of 2037, registering more than 5.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of automotive electronic control unit is estimated at USD 86.84 billion.
The growth of the market can be attributed to the increasing demand and sales of cars across the globe backed by the rising trend of adopting luxurious lifestyle. In the first half of 2022, nearly 30% of the worldwide population planned to buy a car. The boosted economy and increased average income has enhanced people’s lifestyle and have made them sufficient enough to afford a car.
In addition to these, factors that are believed to fuel the market growth of automotive electric control unit (ECU) include the increase in size of the population who are in favor of electric cars is expected to boost the growth of the automotive electronic control unit market. The unit sales of electric cars are expected to reach around 16,000 by 2027. In 2022, more than 50% of the worldwide population is expected to buy electric cars. The alarming need to reduce the usage of natural fuels and regulations imposed by the government to curb fuel usage is likely to propel the market growth.
Author Credits: Saima Khursheed
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