The Global Body Control Module Market: The key driving factor is that there has been an increase in number of separate control modules for automotive parts to organize the electronic content effectively.

The Global Body Control Module Market is projected to grow at a CAGR of 3.56 % to reach USD 30.13 billion by 2027 from an estimated USD 24.41 billion in 2020. Automotive body control module (BCM) is an electronic control unit, responsible for monitoring and controlling the electronic devices installed in an automobile. Functions of BCM include controlling the power windows, power mirrors, air conditioning, immobilizer system, central locking, and several other functions. BCM communicates with the on-board computers via the vehicle bus, an internal communication network that interconnects components inside the vehicle whose main component is controlling load drivers - actuating relays that in turn perform actions in the vehicle such as locking the doors or dimming the salon overhead lamp. BCM enables the linking of inputs and outputs through powerful microprocessors.

The ever-increasing production of vehicles and the rise in demand for light-weight vehicles are projected to boost the automotive body control module market during the forecast period. Rise in demand for technologically advanced functions customized into a single unit is expected to be a key factor responsible for driving the automotive body control module market during the forecast period. Technological development in electronic components is augmenting the usage of BCM. Furthermore, rigorous norms enforced globally by the regulatory bodies on carbon emission by automotive are anticipated to promote the market for BCM, as it enables the power transmission system to control the consumption of fuel, thereby reducing the level of emission in the process.

Apart from this, BCM also complements the security features of a vehicle. Various electronic components used in a vehicle are controlled by the BCM, such as the central locking system, thereby reducing the threat of theft. Safety is of prime concern to the consumer while purchasing a vehicle and vehicles with advanced safety features are generally preferred. Moreover, several associations across the globe have set certain standards in order to enhance the safety of vehicles. BCM helps in meeting the standards by controlling the technologically advanced features used in the vehicles. Advanced technology is required to produce the BCM. Considering this factor various small scale players are not investing in the BCM market.

On the other hand, the low replacement rate of automotive body control modules in vehicles is a restraint to the growth of the automotive body control module market. Increasing number of body control modules creates cost pressure on manufacturers, which is expected to hamper the growth of the automotive body control module market.

Some of the key players in the global automotive body control module market are Continental Ag, Delphi Automotive LLP., Denso Corporation, Harman International, Mitsubishi Electric Corporation, Robert Bosch Gmbh, Texas Instruments Inc., Renesas Electronics Corporation, Mouser Electronics, Tata Elxsi, and ZF TRW Automotive.

Based on geography, the automotive body control module market can be segmented into North America, Europe, Asia Pacific, and Rest of the World (ROW). Asia Pacific accounts for the major share of the global automotive body control module market. This can be ascribed to the high adoption rate of automotive body control module and the booming automotive industry leading to an increased production of vehicles with automotive body control module, especially in China and India.