Mexico Automotive Electronic Control Unit Market Size & Outlook
Mexico automotive electronic control unit market, 2018-2030 (US$M)
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Mexico automotive electronic control unit market highlights
- The Mexico automotive electronic control unit market generated a revenue of USD 1,839.9 million in 2023 and is expected to reach USD 2,778.5 million by 2030.
- The Mexico market is expected to grow at a CAGR of 6.1% from 2024 to 2030.
- In terms of segment, passenger vehicle was the largest revenue generating vehicle type in 2023.
- Commerical 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 1,839.9 million |
| Market revenue in 2030 | USD 2,778.5 million |
| Growth rate | 6.1% (CAGR from 2023 to 2030) |
| Largest segment | Passenger vehicle |
| Fastest growing segment | Commerical 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, Mexico accounted for 1.8% 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 Latin America, Brazil automotive electronic control unit market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 2,778.5 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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Mexico 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 63.86% in 2023. Horizon Databook has segmented the Mexico automotive electronic control unit market based on passenger vehicle, commerical vehicle covering the revenue growth of each sub-segment from 2018 to 2030.
The automotive ECU market in Mexico is anticipated to grow owing to the integration and development of ECUs for autonomous driving, the rising awareness of traffic safety, and the introduction of luxurious automobile features. The market conforms to strict government rules and norms to effectively manage unit output and reduce carbon emissions.
Moreover, the major companies in the market are making significant R&D investments to create technologically advanced products in the infotainment, powertrain, and associated technology areas.
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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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico automotive electronic control unit market , including forecasts for subscribers. This country databook contains high-level insights into Mexico automotive electronic control unit market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico automotive electronic control unit market size, by vehicle type, 2018-2030 (US$M)
Mexico Automotive Electronic Control Unit Market Outlook Share, 2023 & 2030 (US$M)
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