Press release
Automotive Engine Management System Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
Automotive Engine Management System Market Growth
Over the past few years, there has been a consistent expansion in the automotive engine management system market size. It is expected to escalate from a value of $60.39 billion in 2024 to reach $63.36 billion in 2025, marking a compound annual growth rate (CAGR) of 4.9%. The growth observed in the past can be accredited to the enforcement of more rigorous emission regulations, escalating fuel prices, a surge in the demand for fuel-efficient vehicles, expansion of the automotive industry, and the proliferation of hybrid and electric vehicles.
The market size of the automotive engine management system is predicted to experience consistent growth over the next few years, reaching a value of $75.7 billion in 2029 with a compound annual growth rate (CAGR) of 4.6%. The expansion during the projection period can be linked to ongoing tightening of emission regulations, the thriving market of electric and hybrid vehicles, a heightened emphasis on fuel efficiency, increasing public awareness about environmental matters, and government policies that endorse eco-friendly technologies. Key trends during this projected period enclose the amalgamation with autonomous driving technologies, improved vehicle-to-everything (V2X) communication, rise in applications of AI and machine learning, escalated employment of smart sensors, and progression in predictive preservation.
What Is Stimulating Growth in the Automotive Engine Management System Market?
The surge in hybrid vehicles' usage is anticipated to boost the expansion of the automotive engine management system market. Hybrid vehicles are a type of vehicle that relies on two or more distinct energy sources for propulsion. Environmental concerns, fuel economy, and government incentives have increased the prevalence of hybrid vehicles. Advanced engine management systems are necessary for hybrid vehicles to seamlessly integrate and regulate the internal combustion engine and the electric motor, maximizing performance and efficiency. For example, as reported by the European Automobile Manufacturers Association, a UK-based auto industry standards organization, in February 2024, new hybrid-electric car sales hit 255,511 units, reflecting a 24.7% increase from February 2023. Consequently, the rise in hybrid vehicle adoption fuels the growth of the automotive engine management system market.
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Who Are the Dominant Companies Influencing Automotive Engine Management System Market Trends?
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.
How Is the Automotive Engine Management System Market Evolving?
Leading companies in the market for automotive engine management systems are focusing on the introduction of cutting-edge technologies like barometric air pressure (BAP) sensors. These sensors are aimed at boosting engine functionality, enhancing fuel economy and overall vehicle performance. BAP sensors are used to detect variations in atmospheric pressure, which is influenced by weather conditions and elevation, providing essential data for optimal performance. They accommodate these changes by determining air density and adapting operations as necessary. An example of this is Infineon Technologies AG, a German semiconductor manufacturer, which in June 2023 launched the XENSIV barometric air pressure (BAP) sensors, which includes models KP464 and KP466. Model KP464 is ideal for managing engine control by measuring atmospheric pressure to fine-tune the balance of air and fuel. Conversely, the KP466 model aids in augmenting seat comfort by facilitating modern pneumatic seat systems with exclusive features and distinct technical advantages.
What Are the Different Segmentations in the Automotive Engine Management System Market?
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
Subsegemnts:
Here is the list following the requested format:
1) By Electronic Control Unit (ECU): Powertrain ECU, Body ECU, Chassis ECU, Transmission ECU
2) By Fuel Pump: Electric Fuel Pumps, Mechanical Fuel Pumps
3) By Engine Sensors: Oxygen Sensors, Temperature Sensors, Pressure Sensors, Knock Sensors, Mass Airflow Sensors
4) By Other Components: Ignition Coils, Fuel Injectors, Throttle Position Sensors, Air-Fuel Ratio Sensors
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Which Region Is at the Forefront of the Automotive Engine Management System Market?
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.
What Is Covered In The Automotive Engine Management System Global Market Report?
- Market Size Analysis: Analyze the Automotive Engine Management System Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automotive Engine Management System Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Automotive Engine Management System Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automotive Engine Management System Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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