Engine Management IC Market to Foresee Rapid Growth Due to Rise in demand in advance ICs to meet new EPA

Engine Management IC is the core processing unit for the engine management unit. It plays an important role in collecting, analyzing, processing, and executing the data it receives from various sub-systems. This IC collects real-time data or input from various engine sensors and responds and controls various actuators, ignition timing, variable valve timing, etc.

ICs are the brain of an engine and hence, are indispensable components of the engine control unit in today’s era. Various sensors collect data and provide a good mix between power, fuel consumption, and emission values, thus providing optimal fuel injection.

ECUs are presently being used by every OEM, controlling a series of actuators on an internal combustion engine to ensure optimal engine performance at all times, thereby improving the performance, economy, and reliability of vehicles.
Rise in demand in advance ICs to meet new EPA and increase fuel efficiency.

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Engine control systems are witnessing several technological advancements for the last few years. Furthermore, changing EPA regulations and concerns regarding global warming and fuel economics are driving the engine management IC market.

Automotive is a mature market but OEMs are focused on replacing the engine management system to comply with the stringent emissions and fuel optimization laws. The IC helps reduce intake of fuel and decrease emission.
Awareness among customers about environment friendly vehicles is increasing, which has prompted OEMs to replace old engine management systems with advanced and more efficient engine management systems. This, in turn, is boosting the engine management IC market.
Use of these ICs is increasing in gasoline engine, which in turn is boosting the share held by the gasoline engine in the global engine management IC market. Stringent regulations on commercial vehicles are also fueling the share held by the light commercial vehicles segment of the market.
Other than automotive, ICs can also be utilized in a wide range of outdoor power equipment such as garden tractors, trimmers, chain saws, snow and leaf blowers, tillers, electrical generators, outboard motors, avionics, and marine control systems.

Asia Pacific to Hold Largest Market Share

Asia Pacific is estimated to hold a notable share of the global engine management IC market, due to the increasing demand for automotive in the region. The region is estimated to increase its share at a rapid pace in the near future.

Europe is also projected to gain share at a steady pace owing to advancements in the automotive sector and replacement of new engine management systems for more efficient and to meet stringent EPA regularities in the region
The engine management IC market in North America is also estimated to expand; however, increasing penetration of EVs and fuel economics resulting in decline of automotive sales is an increasing concern

Middle East & Africa and South America are estimated to offer significant opportunities to the market.

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Key Players Engine Management IC Market

Various manufacturers involved in the market majorly are focused on advanced ICs, interfacing this engine management IC with ADAS and other controlling units present in vehicles.
Key players include:

Infineon
NXP semiconductor
ST Electronics
Robert Bosch
Continental
Denso
Hitachi
Motorola
BorgWarner
Rohm

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