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Rising Average Age of Vehicles Drives Demand for Engine Control Units in North America Finds Frost & Sullivan - As technical complexities increase, market leaders are turning to software-based ECUs for easier remote diagnostics and service, finds Frost & Sullivan - Frost.com
Rising Average Age of Vehicles Drives Demand for Engine Control Units in North America Finds Frost & Sullivan

 

NewswireToday - /newswire/ - Mountain View, CA, United States, 2015/12/10 - As technical complexities increase, market leaders are turning to software-based ECUs for easier remote diagnostics and service, finds Frost & Sullivan - Frost.com.

   
 
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The rising average age of vehicles (currently at 10.5 years) is the main factor driving the demand for engine control units (ECUs) in North America. Increasing technical complexities in parts and the growing number of vehicles in operation are further unlocking replacement opportunities in the ECU aftermarket.

New analysis from Frost & Sullivan, 2015 North American Category Management Report Engine Control Units, finds that the market earned revenues of $155.0 million in 2014 and estimates this to reach $191.2 million by 2021 at a compound annual growth rate (CAGR) of 3 percent. The new ECU segment is likely to register a CAGR of 3.4 percent till 2021, and the remanufactured ECU segment, a CAGR of 2.8 percent during the same period.

“The advent of sophisticated software-based ECU units is spurring the sales of new ECUs in North America,” saidFrost & Sullivan Intelligent Mobility Research Analyst Benson Augustine. “Their perceived superior quality and supplier efforts to keep their prices from exceeding those of comparable remanufactured parts will ensure there is no dip in new ECUs’ popularity.”

Meanwhile, the constraints associated with the availability of old cores, especially for older model vehicles, are proving to be a major blow to the remanufactured ECU industry. The influx of low-priced Asian imports is fragmenting the market further, at the same time ensuring competitive pricing and increase in the availability of options.

On the other hand, moving to new software-based ECUs comes with its own set of challenges, including steep investments in R&D. The acceptance of complex products will also depend on the skill and ability of technicians to detect and diagnose ECU-related issues. Leveraging existing channel strongholds and pitching aggressive prices in both segments will be essential for market share expansion in the region.

In addition, training technicians on remote diagnosis and standardizing practices such as core sharing and core architecture will be vital in the ECU aftermarket. Success of aftermarket ECUs could primarily depend on building an alternative best-fit that involves both older and new ECUs, especially in terms of facilitating service points such as remote diagnostics.

“Market leaders could also turn to e-commerce to reduce costs and improve the range of ECUs offered,” observed Augustine. “In fact, suppliers that build multi-channel distribution networks and partner with original equipment manufacturers will be well-positioned to benefit from the growth in demand for ECUs in the North American aftermarket.”

2015 North American Category Management Report Engine Control Units is a Market Insight that is part of the Automotive & Transportation Growth Partnership Service program. This research service offers an in-depth analysis of pricing and distribution channels as well as a detailed discussion on unit shipments and revenue forecasts. The study also includes a competitive and market share analysis on both the new and remanufactured ECU aftermarket segments in North America.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.

The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

2015 North American Category Management Report Engine Control Units / NF95-18

 
 
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Rising Average Age of Vehicles Drives Demand for Engine Control Units in North America Finds Frost & Sullivan

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Frost & Sullivan | Engine Control Units
Publisher Contact: Clarissa Castaneda - Frost.com 
210-477-8481 clarissa.castaneda[.]frost.com
 
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