Rising Demand from Automotive Industry Expects to Drive Powertrain Control Module Market Growth till 2022
Generally PCM is called as Motor Control Unit in electric vehicles and Hybrid Control unit in hybrid vehicles. PCM is basically an electric device which regulates the main functions of the vehicle and directly effects how well the vehicle will perform. It comprises of the Engine Control unit (ECU), Transmission Control Unit (TCU) and some other electronic control units or modules which control the drive shaft and differential. This results in the better RPM of the vehicle and increased efficiency. The rising demand for auto PCM in automotive industry is the key growth driver of the Powertrain Control Module Market.
Basically, electric and hybrid vehicles require a powerful central PCM reprogramming structure as they contain more advanced sensors. The Rise of electric and hybrid vehicles is a major boost that drives high growth for the Powertrain Control Module Market. Increasing demand for automated transmission and rising trend for engine downsizing which reduces fuel emission and consumption are projected to register high growth for the powertrain module market.
However, low customer willingness to pay extra for sustainable powertrain system and high investment cost associated with the system are the key restraints for the Powertrain Control Module Market. But, increasing vehicle production combined with growing awareness regarding environmental pollution encourages the market to drive the growth. Advanced technologies such as combustion control improvements applied to internal combustion engine are also anticipated to trigger growth.
North America is dominating the Powertrain Control Module Market, because the region is focused on luxury and comfort leading to the adoption of AWD vehicles over FWD and RWD vehicles. Asia-Pacific is estimated to register the fastest growth due to increasing vehicle sale coupled with growing demand for automated transmission in countries such as China and India. Europe is expected to witness stable growth over the forecast period.
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