Global Automotive Electronics Control Unit Market will be growing by 7 percent up to 2023, based on Global Market Insights Inc, from a $32 billion automotive industry size in 2015 to a more than $50 billion industry size in 2023.
Advanced Driver Assistance Systems, increasing safety requirements for passenger security and the demand for convenience technologies will continue to make the industry a growing one. Additionally, electric vehicle capabilities, from electric motors, power electronic systems and batteries will add to the increase.
The Middle East and African ECU industry will grow 4.5 percent from 2016 to 2023 due to increased vehicle production expected, with key regional share contributors in Egypt, Nigeria, Iran and Algeria.
