Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 31.5 Billion | USD 44.4 Billion | 3.89% | 2023 |
The global body control module market size was worth around USD 31.5 billion in 2023 and is predicted to grow to around USD 44.4 billion by 2032 with a compound annual growth rate (CAGR) of roughly 3.89% between 2024 and 2032.
The term "body control module" or "body computer" refers to a generic term for an electronic control unit used in automotive electronics that is in charge of keeping an eye on and managing a variety of electronic accessories located throughout a vehicle's body. The BCM normally regulates the air conditioning, central locking, immobilizer system, power windows, power mirrors, and other features of an automobile.
The BCM's primary function is to operate load drivers, which are actuation relays that carry out various vehicle functions like locking the doors, flashing the turn signals (in earlier cars), or dimming the interior lights. It does this by communicating with other onboard computers through the car's CAN bus system.
The body control module market is being driven by several factors such as increasing adoption of automotive electronics, growth in electric vehicles, advancements in connected and autonomous vehicles, focus on vehicle safety and comfort and others. However, the complexity of integration is expected to hinder the body control module market growth over the forecast period.
Stringent safety regulation imposed by the government drives market growth
Safety rules enforced by the government for the installation of airbags, and anti-lock braking systems (ABS) in every car benefit the automobile sector. More precisely than Asia-Pacific and the rest of the world, Europe and North America have followed these rules. OEMs, however, offer keyless entry and anti-lock brake systems (ABS) as standard vehicle features in emerging nations, thereby aiding the government in enhancing safety precautions.
To offer passengers total protection, these safety systems need distinct BCMs to operate and interact with other car components. Therefore, the need for body control modules is expected to increase as the addition of safety elements has been mandated, so driving the expansion of the body control module market.
The complexity of integration hinders market growth
As manufacturers strive to improve vehicle usefulness, safety, and comfort through sophisticated electronic systems, one of the main challenges they confront is the integration of Body Control Modules (BCMs) into modern cars. The growing number of electronic systems and the requirement for smooth communication between them are the main causes of this integration difficulty.
Numerous technological devices, such as advanced driver-assistance systems (ADAS), door locks, HVAC, infotainment, and lighting, are installed in modern cars. These systems are managed and controlled centrally by the BCM. Because the BCM must guarantee compatibility, reduce interference, and maintain optimal performance across several systems, the integration process gets more difficult as the number of electronic functions increases. Thus, the complexity of integration in modern cars is expected to hinder the body control module market growth.
Rising product introduction in the market offers a lucrative opportunity for market growth
The rising product introduction in the sector is expected to offer a lucrative opportunity for the body control module market during the forecast period. For instance, in May 2023, the introduction of their Shipment Vehicle Body Control Module (BCM) solution based on NXP S32K344 chips was announced by General Assembly Holdings, a prominent global distributor of semiconductor components in the Asia Pacific area. The traditional car is being encouraged to undergo a new wave of intelligent innovation, moving from a basic mode of transportation to the "third living space," by the quick development of autonomous driving and intelligent cockpit technology.
In this instance, automakers have concentrated on the BCM body control module since it is a crucial component of the body's electrical system. A strong body control module can greatly increase the car's comfort and convenience while facilitating smoother driving. However, as more and more functions are carried out by cars, the design and development of the BCM module becomes increasingly complex. The body Control Module (BCM) solution, which is based on the NXP S32K344 semiconductor, was launched by the firm to lower the input and testing costs for the car maker.
High development and manufacturing costs pose a major challenge to market expansion
High-quality electronic components, complex software integration, and cutting-edge technology are necessary for BCMs. BCMs are costly, particularly for low-cost cars, due to the substantial expenses associated with the development, testing, and production processes.
Manufacturers concentrating on low-cost vehicle segments may be discouraged from adopting new technologies due to rising costs. Therefore, the high development and manufacturing costs pose a major challenge for the body control module market during the projected period.
Report Attributes | Report Details |
---|---|
Report Name | Body Control Module Market |
Market Size in 2023 | USD 31.5 Billion |
Market Forecast in 2032 | USD 44.4 Billion |
Growth Rate | CAGR of 3.89% |
Number of Pages | 219 |
Key Companies Covered | Continental AG, DENSO Corp., FEV Group GmbH, HELLA GmbH and Co. KGaA, Hitachi Ltd., Hyundai Motor Co., Infineon Technologies AG, Information Technologies Institute Intellias LLC, Lear Corp., Mitsubishi Electric Corp., Nidec Corp., NXP Semiconductors NV, OMRON Corp., Renesas Electronics Corp., Robert Bosch GmbH, Samvardhana Motherson International Ltd., STMicroelectronics International N.V., Texas Instruments Inc., and others. |
Segments Covered | By Component,By Vehicle Type, By Communication Interface, By Propulsion, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global body control module industry is segmented based on component, vehicle type, communication interface, propulsion, application and region.
Based on the component, the global body control module market is segmented into hardware and software. The hardware segment is expected to dominate the body control module market over the forecast period. BCMs are required to integrate and supervise a variety of electrical systems, including electric power steering, regenerative braking, and battery management systems (BMS), due to the increasing popularity of EVs and HEVs. The need for more sophisticated and reliable hardware components in BCMs is further increased by this trend.
Based on vehicle type, the global body control module industry is bifurcated into passenger cars and commercial vehicles. The passenger cars segment is expected to hold the largest market share over the forecast period. The growing sales of passenger vehicles across the globe are expected to drive the segment expansion.
Based on the communication interface, the global body control module market is bifurcated into CAN, LIN, Ethernet, FlexRay and Others. The CAN segment is expected to hold the largest market share over the forecast period. The need for BCMs that are completely compatible with CAN is driven by the increasing reliance on the protocol for in-vehicle communication. The need for advanced BCMs that can manage numerous CAN channels and integrate with other protocols (such as FlexRay, LIN, and Ethernet) is growing as a result of the ongoing development of increasingly complex in-vehicle electronic systems.
Based on the propulsion, the global body control module industry is bifurcated into ICE, Electric and Hybrid. The electric segment is expected to garner the largest market share due to the global shift towards sustainability.
Based on the application, the global body control module market is bifurcated into lighting control, window and door control, climate control, security and safety, powertrain control, infotainment control, driver assistance systems and others. Driver assistance systems are expected to capture the largest market share over the forecast period due to the stringent safety regulation mandate by the government across the globe.
The Asia Pacific dominates the market over the projected period
The Asia Pacific is expected to dominate the body control module market during the forecast period. Higher disposable incomes and a burgeoning middle class are driving up car production and uptake in Asia Pacific nations like Japan and India. The requirement for BCMs to support more cars with modern technological systems is being driven by this increase.
Additionally, the demand for connected and smart cars is rising in China, the world's largest automobile market. The adoption of sophisticated BCMs, which facilitate functions like vehicle-to-everything (V2X) connectivity, over-the-air (OTA) updates, and remote diagnostics, is growing as a result of this trend. The need for sophisticated BCMs is also being accelerated by the Chinese government's aggressive plans to promote electric vehicles and reduce emissions.
The global body control module market is dominated by players like:
The global body control module market is segmented as follows:
By Component
By Vehicle Type
By Communication Interface
By Propulsion
By Application
By Region
FrequentlyAsked Questions
The term "body control module" or "body computer" refers to a generic term for an electronic control unit used in automotive electronics that is in charge of keeping an eye on and managing a variety of electronic accessories located throughout a vehicle's body.
The body control module market is being driven by several factors such as increasing adoption of automotive electronics, growth in electric vehicles, advancements in connected and autonomous vehicles, focus on vehicle safety and comfort and others.
According to the report, the global market size was worth around USD 31.5 billion in 2023 and is predicted to grow to around USD 44.4 billion by 2032.
The global body control module market is expected to grow at a CAGR of 3.89% during the forecast period.
The global market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market due to the increasing production of passenger cars and stringent government regulation especially in India and China.
The global body control module market is dominated by players like Continental AG, DENSO Corp., FEV Group GmbH, HELLA GmbH and Co. KGaA, Hitachi Ltd., Hyundai Motor Co., Infineon Technologies AG, Information Technologies Institute Intellias LLC, Lear Corp., Mitsubishi Electric Corp., Nidec Corp., NXP Semiconductors NV, OMRON Corp., Renesas Electronics Corp., Robert Bosch GmbH, Samvardhana Motherson International Ltd., STMicroelectronics International N.V. and Texas Instruments Inc. among others.
The market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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