Global Automotive Engine Management Systems Market to be Driven by Growing Demand for Electronic Vehicles During the Forecast Period 2022-2027
Expert Market Research’s new report titled ‘Global Automotive Engine Management System Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global Automotive Engine Management System Market, assessing the market in based on its segments such as component types, engine types, vehicles and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2017-2027)
- Historical market size (2020): approximately USD 57.6 billion
- Forecast CAGR (2022-2027): 3%
The automotive engine management system industry is driven by the growing demand for automotive electrification in the automotive industry. The engine management system is a crucial component in controlling emissions and automotive performance. Hence, the demand for efficient and reliable engine management systems in passenger vehicles and commercial vehicles is likely to propel the market growth. Rising demand for passenger cars due to rising population and increasing disposable income is expected to support the growth of the market. Meanwhile, the growth of the Asia-Pacific market is expected to increase significantly over the forecast period owing to increasing vehicle manufacturing in countries like India and China among others.
Industry definition and major segments
An automotive engine management system is the arrangement of control devices in a vehicle’s engine to control emissions and improve performance. The Engine Control Unit (ECU) is a crucial component of the engine management system that receives signals from various sensors. The unit performs calculations to transfer output signals and perform various functions and operations inside or around the engine.
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On the basis of component type, the market is split into:
- Engine control unit (ECU)
- Fuel pump
The main types of automotive engine management system engines in the industry include:
Based on Vehicle, the market can be segmented into:
- commercial vehicle
- Passenger car
Automotive engine management system regional markets include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Growing technological advancements in the automotive industry to reduce fuel emissions and improve vehicle fuel economy are expected to drive the market. Rising concerns over rising pollution levels and rising demands to curb global warming are expected to propel the automotive engine management systems market. Additionally, growing demand for electric vehicles owing to their fuel efficiency and cost-effectiveness is expected to drive the market over the forecast period. As electric vehicles use various electronic components for efficient operation, the demand for automotive engine management systems to control the components is increasing. This, in turn, is expected to boost the growth of the market in the coming years.
Main market players
Major market players include Robert Bosch GmbH, Continental AG, Hitachi Automotive Systems, Ltd., Infineon Technologies AG, Delphi Technologies (BorgWarner Inc.), and DENSO Corporation, among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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