DUBLIN--(BUSINESS WIRE)--The "Body Control Module Market by Functionality (High End & Low End), Component (Hardware & Software), MCU Bit Size (8 bit, 16 bit & 32 bit), Communication Protocol, Power Distribution Component, Vehicle, Electric Vehicle, and Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The Global Body Control Module Market is Projected to Grow at a CAGR of 2.6% to Reach USD 35.7 Billion by 2027 from an Estimated USD 29.2 Billion in 2019
Advent of body control functions and increasing mid-size and luxury vehicle production are anticipated to trigger the growth of the body control module market.
Increasing body electronic functions in modern vehicles and cost benefits associated with the body control module are the primary enabler for the growth of the body control module market. However, the technical programming of the body control module is restraining the growth of the body control module market during the forecast period.
High-end BCM is the largest functionality segment of the body control module market during the forecast period.
The rising demand for concierge body functions inside the vehicle and handling such critical function is imposing OEMs to use high-end body control module in their vehicle model variants. High-end BCM is installed with a higher configuration micro-controller and other hardware component making it capable of handling complex body control functions. These features make it a preferred choice for OEM for their high-end variants of vehicle models.
The light-duty vehicle segment is expected to dominate the body control module market.
Each light-duty vehicle is installed with the body control module for proper operations of other body control functions. OEMs are customizing/tuning the body control module for their respective vehicle models. Considering the availability of customization in the vehicles, people are also willing to go for such vehicle offerings. This is the reason for the growth of the light-duty vehicle market in every region.
RoW is expected to record the highest growth rate during the forecast period.
Most of Tier I, and II suppliers and OEMs are focusing on the automotive market of the Rest of the world. Countries in the rest of the world category are becoming self-dependent and economically strong. The production of vehicles in this region is increasing day-by-day. People in these countries are also looking out for high featured vehicles. This is the reason for the growth of the body control module in the rest of the world region.
The market comprises major manufacturers such as Bosch (Germany), Continental (Germany), Lear Corporation (US), Hella (Germany), and Aptiv (UK).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Industry Overview
6 Market Overview
7 Body Control Module Market, By Functionality
8 Body Control Module Market, By Mcu Bit Size
9 Body Control Module Market, By Communication Protocol
10 Body Control Module Market, By Components
11 Body Control Module Market, By Power Distribution Components
12 Body Control Module Market, By Vehicle
13 Body Control Module Market, By Electric Vehicle Type
14 Body Control Module Market, By Region, 2017-2027
15 Competitive Landscape
16 Company Profiles
- Calsonic Kansei
- Diamond Electric
- Lear Corp
- Maxim Integrated
- Microchip Technology
- Mitsubishi Electric Corp
- New Eagle
- New Japan Radio
- Panasonic Corp
- Robert Bosch
- Rohm Semiconductor
- Texas Instruments
- Toshiba Corp
For more information about this report visit https://www.researchandmarkets.com/r/lwu3jx