Vehicle Control Unit Market worth $10.4 billion by 2027
                     MarketsandMarkets 
Presents
Vehicle Control Unit Market worth 
$10.4 billion by 2027
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The report "Vehicle Control Unit Market by Vehicle Type, 
Component (Hardware & Software), Propulsion Type, Voltage 
(12/24V & 36/48V), Capacity (16, 32, & 64-bit), Electric Two-
Wheeler, Communication Technology, Function, and Region - 
Global Forecast to 2027", MarketsandMarkets: The global vehicle 
control unit market is projected to grow from USD 2.9 billion in 2019 to 
reach USD 10.4 billion by 2027, at a CAGR of 17.1%.
The growth of the vehicle control unit market can be attributed to the 
growing adoption rate of electric vehicles. Technological advancements in 
vehicle electronics, battery management systems, body control, and 
infotainment functions, ADAS, autonomous driving technology, and 
electrification of automotive components along with the need of compact 
integrated vehicle systems are some of the major factors driving the 
growth of vehicle control unit. Thus, the vehicle control unit market is 
expected to witness a significant increase in the future.
Browse 50 market data Tables and 30 Figures spread 
through 150 Pages and in-depth TOC on "Vehicle Control Unit 
Market”
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Asia Pacific is expected to lead the global market during the 
forecast period
Asia Pacific is expected to be the fastest-growing and the largest vehicle 
control unit market in the world. The market growth in the region can be 
attributed to the large electric vehicle sales volume in the region. 
Considering the large EV sales volume and continuous technological 
advancements in the battery management systems, automotive 
features, body control, and infotainment functions; and innovative 
charging solutions, China is expected to lead the vehicle control unit 
market in the Asia Pacific region.
The software segment is expected to grow at the highest CAGR
The software segment is expected to be the fastest market. Software can 
be reprogrammed over the air (OTA) using SOTA and FOTA protocols. 
Due to this, VCU is very flexible and can fit into any vehicle system with 
the help of required programming. Currently, all the VCU providers in the 
market are using their basic software in their VCUs. However, software 
can be reprogrammed easily using platforms such as MATLAB and 
Simulink. This makes the system much more flexible, as the company 
can roll out software updates over the air. Thus, just like most other 
electronic systems, hardware might get standardized in the future, and 
companies would roll out their software, designed predominantly for 
their vehicles.
Europe: Germany is expected to lead the European market
The European region is estimated to be the second-fastest-growing market 
during the forecast period, after Asia Pacific. The region is a hub to major 
players such as Robert Bosch GmbH (Germany), Continental AG (Germany), 
STMicroelectronics (Switzerland), IET SPA (Perugia), Rimac Automobili 
(Croatia), and AIM Technologies (England). Europe is a key region for 
innovations, significant R&D, and technological advancements in electric 
vehicles, vehicle electronics, advanced automotive systems, and charging 
solutions. Germany is the largest market in Europe, followed by France. 
Germany, which is said to be the automotive hub of the world, is home to 
many established vehicle as well as VCU manufacturers and also has a higher 
EV adoption rate. The increasing demand for advanced automotive features 
in electric vehicles and electrification of automotive components are driving 
the vehicle control unit market in Europe.
The global vehicle control unit market is dominated by major players such as 
Robert Bosch GmbH (Germany), Continental AG (Germany), Texas 
Instruments (US), Mitsubishi Electric Corporation (Japan), and 
STMicroelectronics (Switzerland).
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Critical Aspects:
• VCU manufacturers have partnered with electric vehicle 
manufacturers for technology sharing. How will this transform the 
overall market?
• How will fast-paced developments in software and hardware by 
leading manufacturers change the dynamics of this market?
• The industry is focusing on different communication technologies and 
protocols. Which are the leading companies working on it, and what 
organic and inorganic strategies have been adopted by them?
• Analysis of your competition that includes major players in this market 
and ecosystem. The major players are Autonomous Solutions Inc. 
(US), IET SPA (Perugia), PI Innovo (US), PUES Corporation (Japan), and 
Ecotrons (US), among others.  
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