Canada Automotive Electronic Control Unit Market Size & Outlook
Canada automotive electronic control unit market, 2018-2030 (US$M)
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Canada automotive electronic control unit market highlights
- The Canada automotive electronic control unit market generated a revenue of USD 1,657.6 million in 2023 and is expected to reach USD 2,912.6 million by 2030.
- The Canada market is expected to grow at a CAGR of 8.4% from 2024 to 2030.
- In terms of segment, passenger vehicle was the largest revenue generating vehicle type in 2023.
- Passenger Vehicle is the most lucrative vehicle type segment registering the fastest growth during the forecast period.
Automotive electronic control unit market data book summary
| Market revenue in 2023 | USD 1,657.6 million |
| Market revenue in 2030 | USD 2,912.6 million |
| Growth rate | 8.4% (CAGR from 2023 to 2030) |
| Largest segment | Passenger vehicle |
| Fastest growing segment | Passenger Vehicle |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Passenger Vehicle, Commerical Vehicle |
| Key market players worldwide | Autoliv Inc, BorgWarner Inc, Continental AG, Denso Corp, HELLA GmbH & Co KGaA, Hitachi Ltd, Panasonic Holdings Corp, Robert Bosch Engineering & Business Solutions, Valeo SA |
Other key industry trends
- In terms of revenue, Canada accounted for 1.6% of the global automotive electronic control unit market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. automotive electronic control unit market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 2,912.6 million by 2030.
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Automotive Electronic Control Unit Market Scope
Automotive Electronic Control Unit Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada automotive electronic control unit market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive electronic control unit market will help companies and investors design strategic landscapes.
Passenger vehicle was the largest segment with a revenue share of 66.34% in 2023. Horizon Databook has segmented the Canada automotive electronic control unit market based on passenger vehicle, commerical vehicle covering the revenue growth of each sub-segment from 2018 to 2030.
The growing automotive industry in Canada is expected to drive market demand over the forecast period.The expansion includes the addition of a new battery enclosure factory in Brampton that would support the Ford F-150 Lightning and future OEM projects.
The company’s investments are expected to improve the EV supply chains in Ontario by spreading automotive parts production across the country. Furthermore, with the advent of electric vehicles, it has become easier for manufacturers to focus on offering luxury and safety features. The need for ECUs is also anticipated to rise owing to electric vehicles serving as a foundation for the development of driverless vehicles.
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Our clientele includes a mix of automotive electronic control unit market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada automotive electronic control unit market , including forecasts for subscribers. This country databook contains high-level insights into Canada automotive electronic control unit market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada automotive electronic control unit market size, by vehicle type, 2018-2030 (US$M)
Canada Automotive Electronic Control Unit Market Outlook Share, 2023 & 2030 (US$M)
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