Global Body Control Module (BCM) Market Forecast to 2027 - Self-Driving Vehicles Can Uncover Opportunities for BCM Stakeholders

Dublin, Jan. 27, 2020 (GLOBE NEWSWIRE) -- 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.

The market comprises major manufacturers such as Bosch (Germany), Continental (Germany), Lear Corporation (US), Hella (Germany), and Aptiv (UK). The study includes an in-depth competitive analysis of these key players in the market with their company profiles, recent developments, and key market strategies.

The 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 are installed with higher configuration microcontroller 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, 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.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Body Control Module Market
4.2 Market Growth Rate, By Region
4.3 Market, By Vehicle Type
4.4 Market, By Functionality
4.5 Market, By Component

5 Market Overview
5.1 Introduction
5.2 Currency & Pricing
5.3 Market Dynamics
5.3.1 Revenue Shift Driving the Body Control Market Growth
5.3.2 Drivers
5.3.2.1 Increasing Body Electronic Functions in Modern Vehicles
5.3.2.2 Cost Benefits Associated With BCM
5.3.3 Restraints
5.3.3.1 Programming of Body Control Module
5.3.4 Opportunities
5.3.4.1 Embedded Body Control Module (BCM) Solutions
5.3.4.2 Self-Driving Vehicle Can Uncover Opportunities for BCM Stakeholders
5.3.5 Challenges
5.3.5.1 Developing BCM in Line With the Increasing Complexity of Vehicle Electronics Operations
5.4 Body Control Module Market, Scenarios (2017-2027)
5.4.1 Market: Most Likely Scenario
5.4.2 Market: Optimistic Scenario
5.4.3 Market: Pessimistic Scenario
5.4.4 Impact Analysis

6 Industry Trends
6.1 Body Control Module: Trend
6.1.1 Use of High-End Functionality Body Control Module
6.2 Regulatory Overview
6.2.1 Autosar Compliance
6.2.2 Safety Compliance
6.3 Body Control Module Market: Value Chain
6.4 Porter's Five Forces

7 Body Control Module Market, By Functionality
7.1 Introduction
7.1.1 Assumptions
7.1.2 Research Methodology for Functionality Segment
7.2 High-End BCM
7.2.1 Increasing Awareness Related to Vehicle Safety and Convenience is Driving the Market for High-End BCM
7.3 Low-End BCM
7.3.1 Increased Production of Economy Class Vehicles and Trucks to Drive the Market for Low-End Body Control Module

8 Body Control Module Market, By Component
8.1 Introduction
8.1.1 Assumptions
8.1.2 Research Methodology for Component Segment
8.2 Hardware
8.2.1 Increasing Complexity of Body Control Module for Modern Vehicle to Drive the Market for Hardware Component
8.3 Software
8.3.1 Increasing Demand for Smart Body Control Module to Drive the Market for Software Component
8.4 Market Leaders

9 Body Control Module Market, By Bit Size
9.1 Introduction
9.1.1 Assumptions
9.1.2 Research Methodology for Bit Size Segment
9.2 8 Bit
9.2.1 Increasing Demand for Economy and Mid-Sized Vehicles to Boost the Market for B Bit MCU
9.3 16 Bit
9.3.1 Increasing Number of Body Control Features to Drive the Market for 16 Bit MCU
9.4 32 Bit
9.4.1 Increasing Global Sales of Ultra-Luxury Vehicle to Drive the Market for 32 Bit MCU
9.5 Market Leaders

10 Communication Protocols
10.1 Introduction
10.1.1 Local Interconnect Network (LIN)
10.1.2 Controller Area Network (CAN)
10.1.3 Flexray
10.2 Market Leaders

11 Power Distribution Components
11.1 Introduction
11.1.1 Relays
11.1.2 Fuses

12 Body Control Module Market, By Vehicle Type
12.1 Introduction
12.1.1 Assumptions
12.1.2 Research Methodology for Vehicle Segment
12.2 Light-Duty Vehicle
12.2.1 Economy Class
12.2.2 Mid-Size Class
12.2.3 Luxury Class
12.3 Heavy-Duty Vehicle
12.3.1 Truck
12.3.2 Bus
12.4 Key Industry Insights

13 Body Control Module Market, By Electric Vehicle
13.1 Introduction
13.1.1 Assumptions
13.1.2 Research Methodology for Electric Vehicle Segment
13.2 Battery Electric Vehicle
13.3 Fuel Cell Electric Vehicle
13.4 Plug-In Hybrid Electric Vehicle
13.5 Key Industry Insights

14 Body Control Module Market, By Region
14.1 Introduction
14.1.1 Assumptions
14.1.2 Research Methodology for Vehicle Type
14.2 Asia Pacific
14.2.1 China
14.2.1.1 Rise in Vehicle Production With Modern Body Control Functions to Drive the Chinese Market
14.2.2 India
14.2.2.1 Increasing Luxury Vehicle Sales to Drive the Indian Market
14.2.3 Japan
14.2.3.1 Significant Technology Adoption to Drive the Japanese Market
14.2.4 South Korea
14.2.4.1 Developments in Body Electronics and Reduction in Vehicle Body Weight to Drive the South Korean Market
14.2.5 Thailand
14.2.5.1 Thailand has the Largest Automotive Production Capacity Among Southeast Asian Countries
14.2.6 Rest of Asia Pacific
14.2.6.1 Increasing Sales of Premium Vehicles to Drive the Rest of Asia Pacific Market
14.3 Europe
14.3.1 Germany
14.3.1.1 Rising Adoption of Modern Technologies in Every Class of Light-Duty Vehicles to Drive the German Market
14.3.2 France
14.3.2.1 Rising Safety Concerns Among Vehicle Occupants to Drive the French Market
14.3.3 UK
14.3.3.1 Heavy Investments By OEMs and Tier I and Ii Suppliers are Expected to Drive the UK Market
14.3.4 Spain
14.3.4.1 Increasing Production of D, E, and F Segment Light-Duty Vehicles to Drive the Spanish Market
14.3.5 Russia
14.3.5.1 Continuous Increase in Vehicle Sales to Drive the Russian Market
14.3.6 Turkey
14.3.6.1 Increasing Automotive Investments in Recent Years to Drive the Turkish Market
14.3.7 Rest of Europe
14.3.7.1 Continuous Growth of the Automotive Industry in Eastern Europe to Drive the Rest of Europe Market
14.4 North America
14.4.1 Canada
14.4.1.1 Increasing Use of Lcvs Equipped With Modern Electronic Architecture to Drive the Canadian Market
14.4.2 Mexico
14.4.2.1 Growth of Us-Mexico Trade to Drive the Mexican Market
14.4.3 US
14.4.3.1 Developments in the Field of Connected Cars and NHTSA Mandates to Drive the US Market
14.5 Rest of the World (RoW)
14.5.1 Brazil
14.5.1.1 Increasing Demand for Light-Duty Vehicles to Drive the Brazilian Market
14.5.2 Iran
14.5.2.1 Increasing Sales of Luxury Vehicles to Drive the Iranian Market
14.5.3 Rest of RoW
14.5.3.1 Adoption of Modern Safety Technologies to Drive the Rest of RoW Market
14.6 Key Industry Insights
14.7 Market Leaders

15 Competitive Landscape
15.1 Overview
15.2 Body Control Module: Market Ranking Analysis
15.3 Competitive Leadership Mapping
15.3.1 Terminology
15.3.2 Visionary Leaders
15.3.3 Innovators
15.3.4 Dynamic Differentiators
15.3.5 Emerging Companies
15.4 Winners vs Tail-Enders
15.5 Competitive Scenario
15.5.1 New Product Developments/Launches
15.5.2 Expansion, 2018-2019
15.5.3 Acquisition
15.5.4 Agreements/Partnerships/Contracts, 2017-2019

16 Company Profiles
16.1 Continental
16.2 Robert Bosch
16.3 Aptiv
16.4 Lear Corporation
16.5 Denso
16.6 Hella
16.7 Visteon
16.8 Infineon Technologies
16.9 NXP Semiconductors
16.10 Renesas
16.11 STMicroelectronics
16.12 Other Key Regional Players
16.12.1 Asia-Pacific
16.12.1.1 Calsonic Kansei Corporation
16.12.1.2 Mitsubishi Electric Corporation
16.12.1.3 Panasonic Corporation
16.12.1.4 Rohm Semiconductor
16.12.1.5 Toshiba Corporation
16.12.1.6 New Japan Radio
16.12.1.7 Luxshare
16.12.1.8 Omron
16.12.1.9 Diamond Electric
16.12.1.10 Embitel
16.12.2 North America
16.12.2.1 Texas Instruments
16.12.2.2 New Eagle
16.12.2.3 Maxim Integrated
16.12.2.4 Microchip Technology

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