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The growing demand for digitization in electric vehicles is driving the demand for the market.<br><br>
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Electric Vehicle ECU Market Size Worth USD 42.74 Billion by 2027 www.emergenresearch.com The growing demand for digitization in electric vehicles is driving the demand for the market.
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Market Summary The Global Electric Vehicle ECU Market is expected to reach USD 42.74 Billion by 2027, according to a new report by Emergen Research. The increasing demand for electric passenger vehicles, the increased implementation of infotainment systems, and the growing propensity for ADAS and automated protection systems are among the significant factors driving the growth of the electric vehicle ECU market. Besides, a rise in the number of electronic components to perform improved functionalities of dashboard instruments, engine, telematics, and powertrain functions, has contributed to substantial growth in the average ECU number used in electric vehicles. Framing of supportive legislation from government and regulatory authorities to enhance road safety is expected to implement a range of safety devices, including adaptive cruise control, adaptive front lighting, and anti-lock braking. www.emergenresearch.com
Market Summary • Key Highlights From The Report • By capacity, the 32-bit electric vehicle ECU sub-segment contributed to the largest market share in 2019. The 32-bit ECU components are primarily deployed in automotive parts attributed to the accompanying advantages such as the necessity of low power for operation and design simplifications. • By vehicle type, the commercial vehicle segment is likely to grow at a rate of 36.6% in the forecast period, owing to the rising incorporation of electric vehicles in commercial fleets, as well as increasing concern among fleet owners for the safety and security of the vehicle during transit. • By propulsion type, hybrid vehicles held a larger market share in 2019, as they are powered by both fuel and battery. Conversely, the BEVs are projected to witness a faster growth rate in the period 2020-2027. • Request Free Sample Copy@ https://www.emergenresearch.com/request-sample/26 www.emergenresearch.com
Market Summary • Emergen Research has segmented the Global Electric Vehicle ECU Market on the basis of capacity, vehicle type, propulsion type, application, and region: • Capacity Outlook (Revenue, USD Billion; 2017-2027) • 16-Bit • 32-Bit • 64-Bit • Vehicle Type Outlook (Revenue, USD Billion; 2017-2027) • Passenger Vehicle • Commercial Vehicle • Read More@ https://www.emergenresearch.com/industry-report/electric-vehicle-ecu-market
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