The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

According to The Business Research Company’s Body Control Module Global Market Report 2023, The global body control module market is expected to grow from $31.10 billion in 2022 to $32.40 billion in 2023 at a compound annual growth rate (CAGR) of 4.2%. The body control module market is expected to reach $36.51 billion in 2027 at a CAGR of 3%.

Asia-Pacific held the largest body control module market share.

Body Control Module Market Driver
The increase in demand for electric vehicles is significantly contributing to the growth of the body control module market going forward. An electric vehicle (EV) refers to a vehicle that has an electric motor capable of drawing power from a battery and having the ability to receive external charging. The body control module is used in electric vehicles to manage energy to maximize the electric vehicle’s travel distance before any battery recharge is required. For instance, in September 2022, according to the International Energy Agency, a France-based autonomous intergovernmental organization, sales of electric vehicles doubled to 6.6 million in 2021 compared to 2020, bringing the total number of electric vehicles on the road to 16.5 million. Therefore, the increase in demand for electric vehicles will drive the body control module market.

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Key Body Control Module Market Segments

The global body control module market is segmented –

1) By Type: Control Area Network (CAN) Bus, Local Interconnect Network (LIN) Bus

2) By Component: Hardware, Software

3) By Vehicle Type: Passenger Car, Electric Vehicle, Commercial Vehicle

4) By Power Distribution Components: Relays, Fuses

5) By Application: Interior, Exterior

Body Control Module Market Prominent Players
Major players in the body control module market are Robert Bosch GmbH; ZF Friedrichshafen AG; Denso Corporation; Continental AG; Mitsubishi Electric Corporation; Hyundai Mobis Co Ltd.; Calsonic Kansei Corporation; Mazda Motor Corporation; Valeo Groupe; Lear Corporation; Texas Instruments Incorporated; NAPA Auto Parts; Aptiv PLC; STMicroelectronics NV; Infineon Technologies AG; Yazaki Corporation; Magneti Marelli S.p.A.; Renesas Electronics Corporation; Harman International Industries Inc.; Hella KGaA Hueck & Co; Omron Corporation; Visteon Corporation; Visteon Corporation; CARDONE Industries, Inc.; Delphi Automotive PLC; Tata Elxsi Ltd.; and Plato Co Ltd.

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Prominent Body Control Module Market Trend
Product innovation is the key trend gaining popularity in the body control module market. Major companies operating in the body control module market are focusing on developing new body control modules that have more intelligence and are compatible with new breeds of vehicles that are being manufactured. For instance, in April 2023, BYD, a China-based automotive manufacturer, launched the BYD DiSus Intelligent Body Control System for new energy vehicles (NEV). The self-developed complete stack BYD DiSus System is solely intended for NEV, making BYD the pioneering Chinese automobile company to own the intelligent vehicle body control technologies from start to finish. The BYD DiSus System dramatically improves its consumers’ driving experiences. The Intelligent Damping Body Control System (DiSus-C), the Intelligent Air Body Control System (DiSus-A), the Intelligent Hydraulic Body Control System (DiSus-P) and are the three branches of the BYD DiSus System that are profiled.

The Body Control Module Global Market Report 2023  provides comprehensive insights on the body control module market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the body control module market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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