NEW YORK, Nov. 27, 2023 /PRNewswire/ -- The two-wheeler engine control unit (ECU) market is estimated to grow by USD 19.23 billion from 2022 to 2027, growing at a CAGR of 5.05%. The two-wheeler engine control unit (ECU) market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer two-wheeler engine control unit (ECU) market are Bajaj Auto Ltd., BorgWarner Inc., Continental AG, DENSO Corp., dSPACE GmbH, Honda Motor Co. Ltd., Infineon Technologies AG, Kawasaki Heavy Industries Ltd., Marelli Holdings Co. Ltd., Mikuni Corp., Mitsubishi Electric Corp., Nikki Co. Ltd., NXP Semiconductors NV, Robert Bosch GmbH, S and S Cycle Inc., Shindengen Electric Manufacturing Co. Ltd., Suzuki Motor Corp., Volkswagen AG, ZF Friedrichshafen AG, and SEDEMAC Mechatronics Pvt. Ltd. The report provides a full list of key companies, their strategies, and the latest developments. Download a Free Sample before buying
Company Offering:
- Bajaj Auto Ltd. - The company offers two-wheeler electronic control units such as engine management ECUs for enhanced vehicle performance.
- BorgWarner Inc. - The company offers two-wheeler electronic control units such as EGR (Exhaust Gas Recirculation) controllers, enhancing engine efficiency.
- Continental AG - The company offers two-wheeler electronic control units such as ABS (Anti-lock Braking System) and TCU (Transmission Control Unit) for improved safety and performance.
- For details on companies and their offerings – Buy the report!
By Geography, the market is classified as APAC, South America, North America, Europe, and Middle East and Africa. South America will have the largest share of the market. The region contributes 29% to the global market growth. Another region offering significant growth opportunities to two-wheeler electronic control unit market players is APAC. Factors including growing adoption of two-wheelers, rising awareness about the performance of two-wheelers, technological advancement, and the rapid growth of OEMs supplying various parts for two-wheelers with low costs drive the regional market growth. Download a free sample report to get more insights on the market share of various regions and the contribution of the segments.
- Impactful driver- Increased electrification of mechanical components
- Key Trend - Smartphone connectivity for two-wheeler diagnostics
- Major Challenges - Managing the increasing complexity and number of ECUs in vehicles
Market Segmentation
- The computer segment is significant during the forecast period. Safety features like ABS on commuter two-wheelers are increasingly in demand owing to the imposition of laws mandating the installation of safety systems on these vehicles. Since the number of traffic accidents increases, consumer preference for safety features also increases, and thus, the demand for active and passive safety systems on two-wheeled vehicles is increasing.
Technavio Research experts have provided more insights on the market share of segments - View a Free Sample Report
Related Reports:
The automotive airbag electronic control unit (ECU) market size is estimated to grow at a CAGR of 4.05% between 2023 and 2028. The market size is forecast to increase by USD 1,462.54 million.
The motorcycle transmission control unit (TCU) market is estimated to grow at a CAGR of 32.4% between 2022 and 2027. The size of the market is forecast to increase by USD 309.87 million.
Two-Wheeler Engine Control Unit (ECU) Market Scope |
|
Report Coverage |
Details |
Historic period |
2017-2021 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.05% |
YoY growth 2022-2023 (%) |
3.9 |
Regional analysis |
APAC, South America, North America, Europe, and Middle East and Africa |
Key countries |
US, China, India, Indonesia, and Vietnam |
TOC:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Vehicle Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
About US
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SOURCE Technavio
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