Press release
Global Automotive Engine Management System Market Size, Share, and Forecast Analysis 2025-2029
Automotive Engine Management System Market
What Are the Automotive Engine Management System Market Size Forecast for 2025?
The market for automotive engine management systems has seen consistent growth in the past few years. It is projected to expand from a value of $60.39 billion in 2024 to $62.51 billion in 2025, with a compound annual growth rate (CAGR) of 3.5%. Factors such as stricter emissions standards, escalating fuel costs, heightened demand for vehicles with superior fuel economy, overall advancement in the automotive sector, and an uptick in hybrid and electric vehicle production have contributed to the trend of growth observed in the historical period.
What Is the Market Size Outlook for Automotive Engine Management System Until 2029?
The market for automotive engine management systems is poised for consistent expansion in the forthcoming years. The market value is predicted to reach $73.03 billion in 2029, growing at a Compound Annual Growth Rate (CAGR) of 4.0%. The projected growth over the period is largely due to factors such as tightening emission standards, the expansion of electric and hybrid vehicle markets, an amplified emphasis on fuel efficiency, growing consumer environmental consciousness, and government backing of eco-friendly technologies. Some of the key trends for the period include the incorporation of autonomous driving technologies, improved vehicle-to-everything (V2X) connectivity, the surge in AI and machine learning usage, upsurge in the adoption of intelligent sensors, and progress in predictive maintenance technology.
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What Are the Major Factors Driving Demand in the Automotive Engine Management System Market?
Hybrid vehicles' growing popularity is predicted to fuel expansion within the automobile engine management system market. Hybrid vehicles, which use at least two separate power sources to propel, are in high demand due to environmental concerns, fuel savings, and government incentives. These vehicles necessitate sophisticated engine management systems to ensure a harmonious interface between the traditional combustion engine and the electric motor, optimizing performance and efficiency. For instance, the European Automobile Manufacturers Association, a UK-based automobile industry standards organization, noted that sales of new hybrid-electric cars touched 255,511 units in February 2024, representing a 24.7% rise from February 2023. This increasing uptake of hybrid vehicles, therefore, promotes growth in the automotive engine management system market.
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How Are End-Use Segments Shaping the Automotive Engine Management System Market Outlook?
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), After market
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
What Are the Strategic Trends Transforming the Automotive Engine Management System Market Landscape?
Leading businesses in the automotive engine management systems market are concentrating their efforts on innovating advanced technologies like barometric air pressure (BAP) sensors. The goal is to boost engine performance, refine fuel efficiency, and elevate the overall functionality of the vehicle. BAP sensors have the ability to perceive atmospheric pressure, which is subject to change due to altitude and climatic conditions, and find use in numerous utilities, such as within automotive systems. They offer crucial data for finest performance by determining air density and making necessary modifications in functions. To illustrate, in June 2023, Infineon Technologies AG, a semiconductor manufacturing firm based in Germany, introduced the XENSIV barometric air pressure (BAP) sensors, namely KP464 and KP466. The KP464 is engineered specifically for engine control management, where it measures atmospheric pressure to fine-tune the air-fuel composition. Whereas, the KP466 is designed with the aim to enhance seat comfort by facilitating advanced pneumatic seat systems with new-age features and tangible technical advantages.
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Who Are the Prominent Companies in the Automotive Engine Management System Market by ?
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.
Which Region Is Expected to See the Highest CAGR in the Automotive Engine Management System Market?
Asia-Pacific was the largest region in the automotive engine management systems market in 2024. 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.
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