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Global Automotive Electronic Control Unit Market 2018 To 2023

Automotive Electronic Control Unit Market is segmented By Type (Engine Control Unit, Brake Control Module, Engine Management System, Powertrain System, Climate Control System and Others), By Vehicle Type (Passenger Vehicles and Commercial Vehicles) and By Region - Forecast To 2023.

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The global automotive electronic control unit market has been increasing and the main focus is on emission control and fuel efficiency. Automotive manufacturers have now been focusing more on updating the technology, which would improve fuel efficiency and emission control. The automotive electronic control unit performs an integral function within the engine as well as it enhances its efficiency to enable a smooth run of vehicle. The automotive electronic control unit majorly consists of components such as engine control unit, brake control module, engine management system, powertrain system, and climate control system. These components work very efficiently, transmitting the engine performance to the electronic control unit. The growth of the global automotive electronic control unit market is influenced by factors such as low emission & higher fuel efficiency, increasing sales of new vehicles, strict government regulations on reducing vehicles emission, technological advancements and emerging economies. A major hindering factor that could prevent the market growth is higher system cost. Furthermore, the growing demand for gasoline engine vehicles and increasing disposable income creates major market opportunities.

 

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