Whipsmart market research has added a new research report “Global Vehicle Control Unit Market” to its research database.
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The Vehicle Control Unit Market is projected to grow at a CAGR 15.97% rate during the forecast period. Increasing emphasis on advanced and innovative vehicle electronics technologies in electric vehicles and electrification of automotive parts will create opportunities for OEMs to expand their revenue stream and geographical presence.
The European region is estimated to be the second-fastest-growing market during the forecast period, after Asia Pacific. The region is a hub to major players such as Robert Bosch GmbH (Germany), Continental AG (Germany), STMicroelectronics (Switzerland), IET SPA (Perugia), Rimac Automobili (Croatia), and AIM Technologies (England). Europe is a key region for innovations, significant R&D, and technological advancements in electric vehicles, vehicle electronics, advanced automotive systems, and charging solutions. Germany is the largest market in Europe, followed by France. Germany, which is said to be the automotive hub of the world, is home to many established vehicle as well as VCU manufacturers and also has a higher EV adoption rate. The increasing demand for advanced automotive features in electric vehicles and electrification of automotive components are driving the vehicle control unit market in Europe.
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Key Market Players include Robert Bosch GmbH (Germany), Continental AG (Germany), Texas Instruments (US), Mitsubishi Electric Corporation (Japan), and STMicroelectronics (Switzerland).
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