The Automotive Engine Management System Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Automotive Engine Management System Global Market Report 2024, The automotive engine management system market size is expected to see steady growth in the next few years. It will grow to $72.42 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to continued emission regulation tightening, growth in electric and hybrid vehicle markets, increased focus on fuel economy, rising consumer awareness of environmental issues, and government policies supporting green technologies. Major trends in the forecast period include integration with autonomous driving technologies, enhanced vehicle-to-everything (V2X) communication, the growth of AI and machine learning applications, increased adoption of smart sensors, and advancements in predictive maintenance.
The increasing adoption of hybrid vehicles is expected to propel the growth of the automotive engine management system market going forward. Hybrid vehicles are vehicles that utilize two or more distinct power sources to push themselves. The rise in hybrid vehicle adoption is increasing due to environmental worries, fuel savings, and government incentives. Hybrid vehicles require advanced engine management systems to integrate and control the internal combustion engine and the electric motor seamlessly, optimizing performance and efficiency. For instance, in February 2024, according to the European Automobile Manufacturers Association, a UK-based standards group of the automobile industry, sales of new hybrid-electric cars reached 255,511 units in February 2024, marking a 24.7% increase from February 2023. Therefore, the increasing adoption of hybrid vehicles drives growth in the automotive engine management system market.
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The automotive engine management system market covered in this report is segmented –
1) By Component: Electronic Control Unit (ECU), Fuel Pump, Engine Sensors, Other Components
2) By Vehicles: Passenger Cars, Commercial Vehicles
3) By Fuel Type: Diesel, Gasoline
4) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
Major companies operating in the automotive engine management systems market focus on developing advanced technologies such as barometric air pressure (BAP) sensors to enhance engine performance, optimize fuel efficiency, and improve overall vehicle functionality. Barometric air pressure (BAP) sensors detect atmospheric pressure, which fluctuates based on altitude and weather, and are utilized in numerous applications, such as automotive systems, to provide data for optimal performance by calculating air density and adjusting functions as needed. For instance, in June 2023, Infineon Technologies AG, a Germany-based semiconductor manufacturing company, launched XENSIV barometric air pressure (BAP) sensors, which include the KP464 and KP466. The KP464 is designed for engine control management, measuring atmospheric pressure to optimize the air-fuel mixture. The KP466 is intended for seat comfort, enabling advanced pneumatic seat systems with innovative features and clear technical benefits.
The automotive engine management system market report table of contents includes:
1. Executive Summary
- Automotive Engine Management System Market Characteristics
- Automotive Engine Management System Market Trends And Strategies
- Automotive Engine Management System Market – Macro Economic Scenario
- Global Automotive Engine Management System Market Size and Growth
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32. Global Automotive Engine Management System Market Competitive Benchmarking - Global Automotive Engine Management System Market Competitive Dashboard
- Key Mergers And Acquisitions In The Automotive Engine Management System Market
- Automotive Engine Management System Market Future Outlook and Potential Analysis
- Appendix
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