India Automotive Electronic Control Unit Market Size & Outlook
India automotive electronic control unit market, 2018-2030 (US$M)
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India automotive electronic control unit market highlights
- The India automotive electronic control unit market generated a revenue of USD 3,993.6 million in 2023 and is expected to reach USD 6,306.1 million by 2030.
- The India market is expected to grow at a CAGR of 6.7% 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 3,993.6 million |
| Market revenue in 2030 | USD 6,306.1 million |
| Growth rate | 6.7% (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, India accounted for 3.8% 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 Asia Pacific, China automotive electronic control unit market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 6,306.1 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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India 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 65.42% in 2023. Horizon Databook has segmented the India automotive electronic control unit market based on passenger vehicle, commerical vehicle covering the revenue growth of each sub-segment from 2018 to 2030.
India is experiencing a significant increase in the sales of EVs. This is one of the main driving factors behind the market expansion and automotive industry growth. Automotive ECUs include In-vehicle Infotainment (IVI) systems that provide handset integration and head-up displays for interior customization, cloud-based infotainment, and driver assistance.
They also allow drivers to personalize their vehicles' infotainment systems with user preferences, music, data, themes, apps, and colors to improve their driving experience. Additional factors, such as advancing technology and escalating public safety concerns, are anticipated to increase market expansion over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the India automotive electronic control unit market , including forecasts for subscribers. This country databook contains high-level insights into India automotive electronic control unit market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India automotive electronic control unit market size, by vehicle type, 2018-2030 (US$M)
India Automotive Electronic Control Unit Market Outlook Share, 2023 & 2030 (US$M)
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