The Body Control Module Global Market Report 2023, provides comprehensive information on the body control module market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The body control module market is expected to reach $36.51 billion in 2027 at a CAGR of 3%.
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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 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
Asia-Pacific was the largest region in the body control module market in 2022.
The table of contents in TBRC’s body control module market report includes:
1. Executive Summary
2. Body Control Module Market Characteristics
3. Body Control Module Market Trends And Strategies
4. Body Control Module Market – Macro Economic Scenario
5. Impact Of High Inflation On Online Therapy Services Market
32. Global Body Control Module Market Competitive Benchmarking
33. Global Body Control Module Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Body Control Module Market
35. Body Control Module Market Future Outlook and Potential Analysis
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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