U.S. Automotive Electronic Control Unit Market Size & Outlook
U.S. automotive electronic control unit market, 2018-2030 (US$M)
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U.S. automotive electronic control unit market highlights
- The U.S. automotive electronic control unit market generated a revenue of USD 12,939.2 million in 2023 and is expected to reach USD 19,239.4 million by 2030.
- The U.S. market is expected to grow at a CAGR of 5.8% 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 12,939.2 million |
| Market revenue in 2030 | USD 19,239.4 million |
| Growth rate | 5.8% (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, U.S. accounted for 12.4% 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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U.S. 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 68.56% in 2023. Horizon Databook has segmented the U.S. 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 need to reduce the use of natural fuels in the U.S. has led to the creation of various legislations and regulations on fuel reduction. In 2021, the U.S. government announced a new investment policy, the electrification policy, to improve fuel efficiency and accelerate the adoption of electric vehicles.
Moreover, factors such as rising consumer purchasing power, improved lifestyles, and increasing prestige of luxury vehicles are driving market expansion in the country. The market is further anticipated to grow owing to the rising need for telematics and IoTcontrolled features in commercial 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 U.S. automotive electronic control unit market , including forecasts for subscribers. This country databook contains high-level insights into U.S. automotive electronic control unit market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. automotive electronic control unit market size, by vehicle type, 2018-2030 (US$M)
U.S. Automotive Electronic Control Unit Market Outlook Share, 2023 & 2030 (US$M)
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