Automotive Body Control Module Market: Current Analysis and Forecast (2022-2028)
$3999 – $6999
Emphasis on Type (CAN and LIN); Vehicle Type (Passenger Car, Commercial Vehicle, and Electric Vehicle); Application (Interior and Exterior); and Region/Country
Detailed Analysis of COVID-19 Impact on the Automotive Body Control Module Market
Pages: | 154 |
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Table: | 44 |
Figure: | 104 |
Report ID: | UMAU211643 |
Geography: |
Report Description
Global Automotive Body Control Module Market is expected to grow at a significant rate of around 3% during the forecast period. Automotive body control module functions as a brain that controls different ECUs by sending and receiving signals through vehicles. It controls the multiple electrical functions of the vehicle to provide better safety and security to the vehicles. Additionally, strict government restrictions regarding carbon dioxide emissions and road safety, rising consumer expectations, expanding R&D in manufacturing organizations, and competition between key players to build superior electronic-equipped vehicles are also factors driving the growth of the market. For instance, July 2019, Denso Corporation and Toyota Motor Corporation jointly established a Joint Venture for R&D of next gen in-vehicles semiconductors.
Continental AG, Aptiv, Mitsubishi Electric Corporation, Robert Bosch GmbH, Denso Corporation, HELLA GmbH & Co. KGaA, Mouser Electronics, Inc, Infineon Technologies AG, Harman International, and Tata Elxsiare are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst type, LIN category to hold a significant share of the market in 2020”
Based on type, the market is segmented into Controller Area Network (CAN) and Local Interconnect Network (LIN). The LIN segment to hold a significant share of the market in 2020. It is used for communication between components in vehicles. Moreover, the LIN is less complex and ease to operate, helps to reduce vehicle weight, having lower total cost of ownership, and increased fuel efficiency are the driving factors of the segment.
“Amongst vehicle type, the commercial vehicle to hold significant share of the market in 2020”
Based on vehicle type, the market is categorized into passenger cars, commercial vehicle, and electric vehicle. Among these, the commercial vehicle held a significant share in the market in 2020. This is mainly due to the growth of the commercial units which require advanced vehicles with power steering system, anti-lock braking system, climate control system and others. All these factors are fuel the demand of the market. For instance, the overall Commercial Vehicles sales increased from 568,559 to 716,566 units. Sales of Medium and Heavy Commercial Vehicles increased from 160,688 to 240,577 units and Light Commercial Vehicles increased from 407,871 to 475,989 units in April 2021 to March 2022 compared to the previous year
Automotive Body Control Module Market Report Coverage
“APAC to grow with higher CAGR during the forecast period”
APAC is anticipated to grow at a substantial CAGR during the forecast period due to the rising demand for vehicles in these countries, Asia Pacific is witnessing high economic growth. Due to its extensive production of passenger cars, higher rate of adoption of cutting-edge technologies than other countries, and growing purchasing power of customers, the Asia Pacific region is home to the greatest market for body control module. For instance, according to National Bureau of Statistics of China disposable income in China increased by 8% from 2020 to 2021.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
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Research Methodology
Research Methodology for the Automotive Body Control Module Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global automotive body control module market were the three major steps undertaken to create and analyze the adoption of automotive body control modules in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global automotive body control module market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the automotive body control module market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the automotive body control module market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type, vehicle type, and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the automotive body control module market. Further, we conducted factor analysis using dependent and independent variables such as various type, vehicle type, and applications of automotive body control modules. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the automotive body control module market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global automotive body control module market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the automotive body control module market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global automotive body control module market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global automotive body control module market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type, vehicle type, and application in the global automotive body control module market.
The main objective of the Global Automotive Body Control Module Market Study
The current & future market trends of the global automotive body control module market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the automotive body control module market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of type, vehicle type, and application.
- Define and analysis of the regulatory framework for the automotive body control module
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the automotive body control module market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the automotive body control module market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry