Global Electric Vehicle Control Unit Market Report and Forecast 2024-2032

Global Electric Vehicle Control Unit Market Outlook

The global electric vehicle control unit market size reached approximately USD 10.78 billion in 2023. The market is estimated to grow at a CAGR of 18.0% in the forecast period of 2024-2032, reaching a value of around USD 48.66 billion by 2032.

Key Trends in the Market

An electric vehicle control unit or electric vehicle controller (EVC) is a control system which is responsible for controlling and coordinating the functions of a vehicle’s subsystems. Some of its major uses include torque coordination, charging control, and ADAS management, among others.

• Increased incorporation of integrated electric control units (ECUs) in EVs, which consolidate functions of electric vehicles and reduce the overall number of controllers, is one of the key electric vehicle control unit market trends.

• The burgeoning popularity of EVC tuning in hybrid vehicles, which enhances the power and torque of the engine, and improves the manoeuvrability and driving comfort of the car, is another crucial trend aiding the market expansion.

• Several electric and hybrid vehicles are equipped with V2X (vehicle to everything) technology in their controllers to collect select faster-driving routes depending upon the live traffic conditions, hereby improve the fuel efficiency of the vehicle.

• Market players are readily investing in EV production plants to increase the overall number of EVs and their related components in the automotive sector, which further supports the electric vehicle control unit market growth.

Market Analysis

Based on propulsion type, the market is bifurcated into battery electric vehicle and hybrid electric vehicle. On the basis of application, the market is divided into ADAS and safety system, body control and comfort system, and infotainment system, among others.

The electric vehicle control unit market segmentation, based on vehicle type, includes passenger cars, light commercial vehicle, and heavy commercial vehicle. The major regional markets of electric vehicle control unit include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the electric vehicle control unit market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Continental AG

• Robert Bosch GmbH 

• Mitsubishi Electric Corporation

• Denso Corporation 

• BorgWarner Inc.

• Hitachi Ltd.

• Hyundai Motor Company

• HELLA GmbH & Co. KGaA 

• Texas Instruments Incorporated

• AEM Electronics, Inc 

• Others

Market Share by Application

ADAS and safety system occupies a significant portion of the electric vehicle control unit market share, due to the growing implementation of ECUs in electric vehicles to monitor the nearby surroundings using camera and sensors. Factors such as the increased number of sensors in ADAS, coupled with the demand for high data transmission speed to interpret the traffic data, also necessitate the requirement of a vehicle control unit.

Additionally, ECU smoothens the functioning of ADAS and makes autonomous driving safer, which provides a positive market outlook.

Market Share by Region

As per the electric vehicle control unit market analysis, the Asia Pacific accounts for a substantial share of the global market, owing to the rising integration of ECU in battery-operated passenger cars in the region. Increased demand for electric vehicles, due to their zero-emission nature, also creates ample opportunities for the demand for EV control units in the APAC market.

Furthermore, the burgeoning presence of several market players that are focused on developing high-end vehicle technology in the region plays a vital role in market growth.

Competitive Landscape

Continental AG, founded in 1871 and based in Hanover, Germany, is a multinational manufacturer of automotive parts. The company offers products and services such as automotive tyres, electric mobility, autonomous mobility, car infotainment, and safety technologies, among others.

Robert Bosch GmbH is a global technology corporation, established in 1886 and headquartered in Gerlingen, Germany. The company primarily offers its services in consumer goods, mobility, industrial technology, and energy and building technology, among others.

Mitsubishi Electric Corporation, incorporated in 1921, is one of the leading sellers of electrical and electronic components and goods. The company with, its headquarters in Tokyo, Japan, offers a comprehensive range of products such as air conditioning systems, automotive equipment, building systems, and transportation systems, among others.

Other electric vehicle control unit market players include Denso Corporation, BorgWarner Inc., Hitachi Ltd., Hyundai Motor Company, HELLA GmbH & Co. KGaA, Texas Instruments Incorporated, and AEM Electronics, Inc, among others.

Key Highlights of the Report