Body control module market seen reaching $30.13 billion by 2027

Allied Market Research projects the global body control module market will grow from $23.59 billion in 2019 to $30.13 billion by 2027, driven by demand for safety, comfort and convenience features in vehicles. Asia-Pacific led the market in 2019, while CAN-based modules and passenger cars generated the most revenue.

Why it matters: - The body control module market sits inside automotive electronics that manage comfort, access and safety functions. - Growth in the market points to continued demand for more connected and feature-rich vehicles. - The forecast also signals where automakers and suppliers are likely to focus investment: Asia-Pacific, passenger cars and CAN-based systems.

What happened: - Allied Market Research projected the global body control module market will rise from $23.59 billion in 2019 to $30.13 billion by 2027. - The report forecast a compound annual growth rate of 3.1% from 2020 to 2027. - CAN bus modules were the top revenue segment in 2019, generating $15.14 billion. - CAN bus modules are projected to reach $18.77 billion by 2027, according to the report. - Asia-Pacific was the largest regional market in 2019. - China led the Asia-Pacific market in 2019, while South Korea is projected to grow at a strong pace during the forecast period.

The details: - A body control module is a processor-based power distribution component used in vehicles. - BCMs manage functions such as interior lights, security, windows, door locks and access control. - A central BCM can act as a gateway for bus and network interfaces that connect to remote electronic control units for other systems. - BCMs do not control engine-related functions. - Control signals can come from a remote ECU through CAN or LIN communication, or directly from the central body module. - BCM applications also include sunroof control units, anti-lock braking systems, automotive seats and active steering. - The market is segmented by type, vehicle type, application and region. - In 2019, passenger cars were the highest-revenue vehicle segment. - In 2019, the interior application segment generated the most revenue. - Asia-Pacific ranked first in revenue, followed by LAMEA, North America and Europe. - The report identified Continental AG, Denso Corporation, Robert Bosch GmbH, Delphi Automotive PLC, HELLA, Texas Instruments, Mouser Electronics, Infineon Technologies, Mitsubishi Electric and Renesas Electronics as key players. - The report includes a sample page, purchase options and a purchase inquiry form.

Between the lines: - Demand is being supported by rising consumer preference for safety, comfort and convenience features. - Higher purchasing power and changing lifestyles are also boosting automobile sales in developing economies. - Luxury vehicle demand in Europe and North America is adding another growth layer. - Strong automotive production and sales in Asia-Pacific are helping the region maintain its lead. - The market may face a restraint from increasing system complexity. - Stringent government regulations are also shaping demand for BCM-related technologies.

What's next: - The report expects BCM use in luxury vehicles to support future market growth. - Growing demand for driver-assist systems is likely to lift adoption across more vehicle platforms. - Suppliers focused on CAN-based architectures and passenger-car applications appear positioned to benefit most if the forecast holds.

The bottom line: - The BCM market is expanding steadily, with Asia-Pacific and passenger cars leading demand while broader vehicle feature content keeps pushing the category forward.