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.
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Scope Of Automotive Engine Management System Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Automotive Engine Management System Market Overview
Market Drivers –
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.
Market Trends –
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 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
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Regional Insights –
Asia-Pacific was the largest region in the automotive engine management systems market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive engine management system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the automotive engine management system market are Volkswagen AG, Mercedes-Benz, Ford Motor Company, General Motors, Robert Bosch GmbH, Hitachi Automotive Systems , DENSO CORPORATION, ZF Friedrichshafen AG, AB Volvo, Continental AG, Mitsubishi Heavy Industries Ltd., Cummins Inc., Valeo, TE Connectivity, Infineon Technologies AG, NXP Semiconductors, Fiat Automobiles S.p.A, BorgWarner Inc., JTEKT Corporation, Dover Corporation, Sensata Technologies Inc., NGK SPARK PLUG CO. LTD., HELLA GmbH & Co. KGaA, CTS Corporation, Mobiletron Electronics Co. Ltd.
Table of Contents
1. Executive Summary
2. Automotive Engine Management System Market Report Structure
3. Automotive Engine Management System Market Trends And Strategies
4. Automotive Engine Management System Market – Macro Economic Scenario
5. Automotive Engine Management System Market Size And Growth
…..
27. Automotive Engine Management System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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