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. Body control module is the processor-based power distribution center that supervises and controls the function related to vehicle body like lights, windows, door locks, security, access and comfort controls. Body control module also acts as a gateway for the bus and network interfaces to interact with remote modules for other systems. Monitoring of various loads comes directly from remote ECU via CAN, LIN and Flexray communication protocols.
By Component: Hardware component is expected to be the largest segment in the Body Control Module Market
The hardware component is anticipated to be the largest market during the forecast period. Body Control Module Market is fitted with a number of hardware components like microcontroller, printed circuit boards (PCBs), input-output devices, bus transceiver, etc. To stay ahead in the competition, Tier 1 suppliers of body control module are trying to modify the body control module as per OEM demand. They are using different combination of microcontrollers to make body control module a perfect fit for different model. Such a trend is expected to drive the market for hardware component in the future.
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By Functionality: High-end BCM segment is expected to dominate the Body Control Module Market
The rising demand for concierge body functions inside the vehicle and handling such a 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 makes it preferred choice for OEM for their high-end variants of vehicle models.
By Vehicle Type: Light duty vehicle segment is estimated to be the fastest market during the forecast period
Each light-duty vehicle is installed with a 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.
Key Market Players
The major Body Control Module Market players include Bosch (Germany), Continental (Germany), Lear Corporation (US), Hella (Germany), and Aptiv (UK) among others. These companies have strong distribution networks at a global level. In addition, these companies offer an extensive product range. The key strategies adopted by these companies to sustain their market position are new product developments, collaborations, and contracts & agreements.
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