Global Automotive Braking System ECU Market 2019-2023
About Automotive Braking System ECU
Automotive brake system ECU basically manages and controls a vehicle's braking system and other brake assisted functionalities.
Technavio’s analysts forecast the global automotive braking system ECU market to grow at a CAGR of 7.25% during the period 2019-2023.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive braking system ECU market for 2019-2023. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Braking System ECU Market 2019-2023
Technavio recognizes the following companies as the key players in the global automotive braking system ECU market: Autoliv, Bosch, Continental, Denso, Hitachi, Mitsubishi Electric, and ZF Friedrichshafen.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing market share of premium and luxury vehicles driving advanced braking system. The global automotive market is witnessing growing demand for premium and luxury passenger vehicles. Sales of such vehicles are going up, driven by factors such as improving socio-economic conditions in emerging economies and steady demand from developed economies among others.”
According to the report, one driver in the market is improved braking performance and brake effectiveness with integration of ECUs. An automotive braking system forms an integral part of a vehicle and also serves as the key safety parameter. The global automotive industry has witnessed a shift from mechanical braking systems to hydraulic, electro-hydraulic, and all-electric braking systems.
Further, the report states that one challenge in the market is ECUs are expensive and add to overall cost of vehicle. ECUs now form an integral part of most automotive systems and involve electronics. Most vehicles produced today have an onboard computer-based electronic architecture in braking systems. This electrical architecture is complex and uses multiple algorithms, which increases a vehicle's cost.
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