Automotive Electronics Control Unit Market Size To Reach USD 53.91 billion By 2024

The Global Automotive Electronics Control Unit Market is estimated to report USD 53.91 billion by 2024 from USD 35.1 billion in 2016 expanding at a CAGR of 6.7% from 2016 to 2024. Factors that fuel this industry are widespread deployment of ECUs in electric vehicles and the popularity of infotainment systems. Surging demand for electric vehicles is fuelled by ecological concerns and high focus on energy efficiency of vehicles. Shift of focus towards green technologies propels the demand for driver-assist systems. This reduces the excessive dependency on fossil fuels and also controls CO2 emissions. The growing popularity of electric vehicles is another key factor that will fuel this industry in the forthcoming years.

The preference for sophisticated systems in mid-sized vehicles, such as navigation and high-end communication systems will create opportunities for expansion of this industry. Increasing R&D expenditure aimed at the production of cost-efficient components for various ECUs will fuel market demand. However, owing to complexities in the consolidation of automotive domains, this market is likely to face certain bottlenecks.

Popularity of high-speed internet for enhanced real-time response will propel the global 5G technology industry in the years to come. However, the dependence of this technology on other technologies, such as millimeter wave propagation and IPv6 transmission protocol could restrict market performance.

Browse Details of Report @ https://www.hexaresearch.com/research-report/automotive-electronics-control-unit-market

The global industry is categorized on the basis of technologies, applications, and regions. The technology segment comprises Radio Access Technologies (RAT), Wi-Fi, High-Speed Package Access (HSPA), Global System for Mobile (GSM), and Worldwide Interoperability for Microwave Access (WiMAX). Applications include healthcare, government & utilities, retail, individual users, offices, and defense & military. Owing to high investments in research & development, the application segment is led by government & utilities.

Geographically, the global 5G technology market is divided into Europe, North America, Asia Pacific, and Rest of the World. The U.S. market is estimated to grow robustly during the forecast period. This is because of increasing subscriptions in the region. The Asia-Pacific market too will register significant growth. Various countries such as China, Korea, and India will invest huge sums to support ongoing developments and initiatives in 5G technology. The government of United Kingdom is expected to launch its 5G strategy by 2017. In its recent budget, the government focused on the significance of mobile spectrum and prepared the nation to receive the new technology.

The growing need for faster internet in China will stimulate the 5G market in this region. Even the Indian government has spent USD 5.5 million over the last couple of years on 5G technology. This investment was primarily directed towards advanced research and development. Most companies operating in this market strive to introduce novel technologies to gain competitive advantage. Also, countries, such as Japan, are planning to exhibit their innovations during the 2018 winter Olympics and 2020 summer Olympics.

Key players in the 5G technology market are Verizon Communications Inc. (U. S.); Nokia Networks (Finland); Samsung Group (South Korea); AT&T Inc. (U. S.); The Fraunhofer Society (Fraunhofer-Gesellschaft); NTT DoCoMo Inc.; Qualcomm Inc. (U. S.); Alcatel-Lucent S. A.; Huawei Technologies Co. Ltd. (China); and Telefónica S. A. In 2014, Ericsson signed a deal with SK Telecom Co. Ltd. for 5G technology research and development. With a view towards ensuring a strong standardized network, various public bodies such as the Institute of Electrical and Electronics Engineers, the ITU, 3GPP, and a few universities have been adding value to the 5G technology industry.

Related Category Market Reports @

Gas Sensors Market –  Various technological innovations, mainly due to the improved manufacturing methods and embedded electronics are projected to augment the growth of the Gas Sensors Market

4K Camera Market – The Global 4K Camera Market size is anticipated to witness considerable growth during the forecast period (2016 to 2024).

About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Email: sales@hexaresearch.com
Website – https://www.hexaresearch.com/