MarketResearchNest.com adds “Global Electric Vehicle ECU Market 2017-2021” new report to its research database. The report spread across 100 pages with table and figures in it.
Research analysts forecast the global Electric Vehicle Ecu market to grow at a CAGR of 46.26% during the period 2017-2021.
About Electric Vehicle ECU
An electric vehicle (EV) is powered by an electric motor for propulsion. An electric vehicle uses a battery to store energy, which is supplied to the electric motor through a controller. The controller regulates the energy flow from the battery to electric motor based on the power requirement. EVs first appeared in the market during the 19th century. However, they have high cost and short range compared with internal combustion engine (ICE) vehicles and limited proliferation of the EV market. As it moved into the 20th century, increased greenhouse gases (GHG) emissions from vehicles and environmental issues compelled countries to adopt alternative fuel vehicles (AFVs), which had lower or near-to-zero emissions. This has led the automakers to switch to hybrid and electric powertrain technology.
Covered in this report
The report covers the present scenario and the growth prospects of the global electric Vehicle Ecu market for 2017-2021. To calculate the market size, the report considers the revenue generated by the sales of electric vehicle ECUs across the geographies.
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The market is divided into the following segments based on geography:
Technavio’s report, Global Electric Vehicle ECU Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio recognizes the following companies as the key players in the global electric vehicle ECU market: DENSO, Delphi, Continental, Pektron, and Hitachi Automotive.
Other Prominent Vendors in the market are: Mitsubishi Electric, Aradex, MAHLE, Bosch, Sigra Technologies, Keihin Corporation, Metric Mind, Fuji Electric, EVS, Fujitsu, and Minda Corporation.
Commenting on the report, an analyst from Research team said: “The latest trend gaining momentum in the market is MAHLE Flexible ECU (MFE): A rapid prototyping engine controller. The MAHLE Flexible ECU (MFE) is an open architecture and robust controller based on the proven AFT PROtroniC platform. Any powertrain application can be controlled by utilizing MAHLE’s highly optimized functional software. It can overcome traditional prototype controller development issues. It provides a cost-effective solution that is representative of a series production unit.”
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According to the report, one of the major drivers for this market is Higher electronic content in EVs to drive the market for ECUs. Electronic technology has played a significant role in the advancement of automotive performance and functionality. In case of EVs, the use of a motor as an actuator, many functionalities operated by mechanics in the past, have now moved into the realm of electronics. The number of electronic content in automobiles has been increasing rapidly and is expected to increase even further, mainly due to the appearance of hybrid and EVs.
Further, the report states that one of the major factors hindering the growth of this market is Software issues force OEMs to bear hefty recall costs. Cars today have more lines of software code than any other complex system in this world. Some cars execute more than 100 million lines of code, which are almost three times more than those executed by a modern fighter jet. However, with increased lines of code, the complexity of the system increases. Today, the software quality is of utmost importance in the automotive sector to ensure interoperability of different system housed by a vehicle.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key questions answered in this report: What will the market size be in 2021 and what will the growth rate be; What are the key market trends; What is driving this market; What are the challenges to market growth; Who are the key vendors in this market space; What are the market opportunities and threats faced by the key vendors; What are the strengths and weaknesses of the key vendors;
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