India ECU Market Size By Type (Cloud Based & On-Premises), By Application (Passenger Car & Commercial Cars), And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
India ECU Market was valued at USD 7,195.22 Million in 2019 and is projected to reach USD 10,546.68 Million by 2027, growing at a CAGR of 8.14% from 2020 to 2027.
Rise in the demand for automotive vehicles, an outcome of growing population, rise in disposable income and higher spending capacity for comfort and luxury is driving the market growth across India. The India ECU Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
India ECU Market Definition
Think of the Electronic Control Unit (ECU), or Electronic Control Module (ECM), as the brain of your car's electronics. It's what makes sure all the different electrical systems play nicely together. The ECU is primarily there to manage the engine, tweaking things based on what the sensors tell it and sending commands to the output components. You'll find various types of ECUs under the hood like a powertrain control module (PCM), Transmission Control Module (TCM), Brake Control Module (BCM or EBCM), Central Control Module (CCM), Central Timing Module (CTM), and many more. These ECUs handle a whole range of jobs, from managing the transmission, traction control, or ABS, to the AC, body functions and lighting, the engine itself, the airbags, and just about every other system in the car.
With emergence of new technologies in the automotive field the technologically advanced automotive vehicles are gaining huge attention. The new automotive vehicles are embedded with the ECU as a communication line between different modules on a vehicle for efficiently sharing the information thereby eliminates the need for the redundant sensors. For instance, a speed sensor at a wheel detects the wheel speed and will be an input to the anti-lock brake module (ABS) ECU.
India ECU Market Overview
The growth of the market is mainly attributed to the increasing demand for electrical system in the cars offering better comfort as well as safety to the passengers onboard. In Asia-Pacific, the soaring demand for luxury light duty vehicles is escalating demand for ECU market. Rise in the demand for automotive vehicles, an outcome of growing population, rise in disposable income and higher spending capacity for comfort and luxury is driving the market growth across India. Significant rise in the automotive vehicles sales in India, this demands for increased attention towards safety.
The Indian market for electric vehicles is really taking off! More and more people want them, which is boosting growth. Why? Well, fuel prices keep going up, people are getting more concerned about the environment (and the pollution from regular cars), and the government is pushing for electric vehicle adoption through favorable initiatives. However, it's not all smooth sailing. The growing trend of "Bring Your Own Device" (BYOD) – you know, using your own phone and gadgets in the car – could slow things down. With better internet access and more smartphone sales, BYOD is becoming super popular. This could hold back the electric vehicle market. And let's not forget the complexity of the ECU (Engine Control Unit). The more ECUs a car has, the more complicated and expensive it gets to develop the whole vehicle system. That added complexity is definitely a roadblock for market growth.
India ECU MarketSegmentation Analysis
The India ECU Market is segmented on the basis of Type & Application.
India ECU Market by Type
• Cloud Based• On-Premises
Based on Type, the market is bifurcated into Cloud Based and On-Premises. The Cloud based segment emerged as the leading segment in 2019 and is expected to grow at a fastest growth rate. Benefit of the cloud based services that offers high flexibility to the businesses is gaining the demand for the cloud based segment growth. The cloud based service improves the operational costs and increase number of individuals that are able to participate in a specific application are driving the growth of the overall cloud-based ECU software market.
India ECU Market by Application
• Passenger Car• Commercial Cars
On the basis of Application, the India ECU Market has been segmented into Passenger Car and Commercial Cars. The passenger car dominated the application segment by accounting highest market share in 2019. Significant rise in the consumer preference for luxury and hybrid vehicles embedded with advanced electronic and safety systems is favoring the segment growth. Also, rise in deployment of electronic control units across various passenger cars is expected to propel the growth of the ECUs software market is the years to follow.
Key Players in India ECU Market
The “India ECU Market” study report will provide a valuable insight with an emphasis on the market including some of the major players such as SGS India, ETAS, AVIN Systems, Acsia, Embitel, Quantum Tuning, Argus, Sahasra Electronics, Revisyz, ATI Accurate Technologies India Private Ltd, Argus Embedded Systems Pvt. Ltd., MicroAutotech., Denso Corporation, and Mando Softtech India Private Limited, TCS, Infosys’s, Wipro, CTS, HCL, and Others.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.
India ECU Market Share Insights
Key Developments by Major Key Players in the market are as given below.
Company Name
Key Development
Description
Tata Consultancy Services
New Launch
• Tata Consultancy Services unveiled a Neural Automotive and Industrial Experience Centre having automotive garage set-up and various latest technologies for experimenting, co-innovate, build prototypes, and launch solutions in an agile manner• This center aim to help the customers reimagine their businesses and accelerate innovation.
HCL
Partnership
• HCL Tech signs a partnership with the NVIDIA for AI opportunities.• HCL Technologies rose 1.5% to Rs 732.55 after the company said it joined US-based NVIDIA’s partner network to pursue opportunities in Artificial Intelligence (AI) space
India ECU Market Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2016-2027
BASE YEAR
2019
FORECAST PERIOD
2020-2027
HISTORICAL PERIOD
2016-2018
UNIT
Value (USD Million)
KEY COMPANIES PROFILED
SGS India, ETAS, AVIN Systems, Acsia, Embitel, Quantum Tuning, Argus, Sahasra Electronics, Revisyz, ATI Accurate Technologies India Private Ltd, Argus Embedded Systems Pvt. Ltd., MicroAutotech., Denso Corporation
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