| Product Code: ETC4578685 | Publication Date: Jul 2023 | Product Type: Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India body control module market import shipment faced a significant decline with a CAGR of -15.6% from 2020 to 2024. The growth rate between 2023 and 2024 plummeted by -74.3%, indicating a sharp contraction in market activity, showcasing a persistent downward trend and substantial loss of momentum.
The India Body Control Module Market is a key segment within the automotive electronics sector, primarily focused on the integration of various electronic functions within a vehicle. Body control modules (BCMs) serve as the central hub for managing and controlling various systems, including lighting, security, door locks, and more. With the rise of connected and electric vehicles, the demand for advanced BCMs is growing, as they play a pivotal role in enabling sophisticated features and functions. As the India automotive industry embraces the digital transformation, the body control module market is witnessing substantial developments and innovations, with a strong emphasis on improving convenience, safety, and energy efficiency.
The India Body Control Module market is being primarily driven by the increasing demand for advanced safety and comfort features in vehicles. With the growing consumer awareness of safety issues, automakers are incorporating more sophisticated body control modules that manage functions like lighting, power windows, central locking, and security systems. Additionally, the adoption of electric vehicles is contributing to the market`s growth, as these vehicles require efficient body control modules for managing various electrical systems.
The body control module market in India faces challenges related to the rapidly evolving automotive technology landscape. The need to adapt to the increasing demand for advanced features like connectivity and automation while keeping costs low poses a significant challenge. Ensuring robust cybersecurity measures to protect vehicle data and occupants is another pressing concern.
The India body control module market experienced a significant impact from the COVID-19 pandemic. As automotive manufacturing facilities temporarily closed and vehicle sales dropped, the demand for body control modules, which are essential for managing various vehicle functions, decreased. However, the market rebounded as the automotive industry adapted to the post-pandemic landscape. The increasing integration of electronic features, such as advanced infotainment systems, connectivity, and safety technologies, drove the demand for body control modules. The market is expected to witness continued growth as automakers prioritize enhancing the in-vehicle experience and connectivity.
Prominent companies in the India body control module market include Aptiv PLC, Calsonic Kansei Corporation, Hella GmbH, and Lear Corporation. These companies design and supply advanced body control modules for vehicles, controlling various functions.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Body Control Module Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Body Control Module Market Revenues & Volume, 2021 & 2031F |
3.3 India Body Control Module Market - Industry Life Cycle |
3.4 India Body Control Module Market - Porter's Five Forces |
3.5 India Body Control Module Market Revenues & Volume Share, By Functionality, 2021 & 2031F |
3.6 India Body Control Module Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.7 India Body Control Module Market Revenues & Volume Share, By MCU Bit Size, 2021 & 2031F |
3.8 India Body Control Module Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.9 India Body Control Module Market Revenues & Volume Share, By Communication Protocol, 2021 & 2031F |
4 India Body Control Module Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for advanced safety features in vehicles |
4.2.2 Growing automotive industry in India |
4.2.3 Rising consumer preference for comfortable and convenient driving experience |
4.3 Market Restraints |
4.3.1 High initial investment and maintenance cost of body control modules |
4.3.2 Lack of awareness and technical expertise among consumers |
4.3.3 Complex regulatory framework and standards in the automotive industry |
5 India Body Control Module Market Trends |
6 India Body Control Module Market, By Types |
6.1 India Body Control Module Market, By Functionality |
6.1.1 Overview and Analysis |
6.1.2 India Body Control Module Market Revenues & Volume, By Functionality, 2021-2031F |
6.1.3 India Body Control Module Market Revenues & Volume, By High End, 2021-2031F |
6.1.4 India Body Control Module Market Revenues & Volume, By Low End, 2021-2031F |
6.2 India Body Control Module Market, By Component |
6.2.1 Overview and Analysis |
6.2.2 India Body Control Module Market Revenues & Volume, By Hardware, 2021-2031F |
6.2.3 India Body Control Module Market Revenues & Volume, By Software, 2021-2031F |
6.3 India Body Control Module Market, By MCU Bit Size |
6.3.1 Overview and Analysis |
6.3.2 India Body Control Module Market Revenues & Volume, By 8 bit, 2021-2031F |
6.3.3 India Body Control Module Market Revenues & Volume, By 16 bit & 32 bit, 2021-2031F |
6.4 India Body Control Module Market, By Vehicle Type |
6.4.1 Overview and Analysis |
6.4.2 India Body Control Module Market Revenues & Volume, By Light-Duty Vehicle, 2021-2031F |
6.4.3 India Body Control Module Market Revenues & Volume, By Heavy-Duty Vehicle, 2021-2031F |
6.5 India Body Control Module Market, By Communication Protocol |
6.5.1 Overview and Analysis |
6.5.2 India Body Control Module Market Revenues & Volume, By CAN, 2021-2031F |
6.5.3 India Body Control Module Market Revenues & Volume, By LIN, 2021-2031F |
6.5.4 India Body Control Module Market Revenues & Volume, By FLexray, 2021-2031F |
7 India Body Control Module Market Import-Export Trade Statistics |
7.1 India Body Control Module Market Export to Major Countries |
7.2 India Body Control Module Market Imports from Major Countries |
8 India Body Control Module Market Key Performance Indicators |
8.1 Average lifespan of body control modules in vehicles |
8.2 Adoption rate of advanced safety features in vehicles |
8.3 Percentage of vehicles in India equipped with body control modules |
8.4 Number of partnerships and collaborations between automotive manufacturers and body control module suppliers |
8.5 Rate of technological advancements in body control modules |
9 India Body Control Module Market - Opportunity Assessment |
9.1 India Body Control Module Market Opportunity Assessment, By Functionality, 2021 & 2031F |
9.2 India Body Control Module Market Opportunity Assessment, By Component, 2021 & 2031F |
9.3 India Body Control Module Market Opportunity Assessment, By MCU Bit Size, 2021 & 2031F |
9.4 India Body Control Module Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.5 India Body Control Module Market Opportunity Assessment, By Communication Protocol, 2021 & 2031F |
10 India Body Control Module Market - Competitive Landscape |
10.1 India Body Control Module Market Revenue Share, By Companies, 2024 |
10.2 India Body Control Module Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |