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Opportunities For The Global Automotive ECU Market To Reach $58.4 Billion By 2023

Opportunities For The Global Automotive ECU Market To Reach $58.4 Billion By 2023

Submitted by • June 7, 2019 www.lucintel.com

According to a new market report published by Lucintel, the future of the global automotive ECU market looks promising with opportunities in the passenger car, light commercial vehicle, and heavy commercial vehicle segments. The global automotive ECU market is expected to reach an estimated $58.4 billion by 2023 and it is forecast to grow at a CAGR of 6.0% from 2018 to 2023. The major drivers of growth for this market are increasing electronic content per vehicle, increasing vehicle production, and increased stringent government regulations for passenger safety.

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