The Global Automotive Engine Management System Market has been valued at US$ 59.27 Billion in 2021 and it is expected to reach the high market capital of US$ 65.36 Billion by 2027. During this forecast period it is anticipated to grow with the healthy CAGR of 2.2% over 2022-2027.
Global Automotive Engine Management System Market Overview:
The vehicle sector drives the demand for automotive engine management systems. As a result, changes in the demand for automobiles have a direct impact on the market for automotive engine management systems. Vehicle sales have increased dramatically following the lockout. As a result, manufacturers are developing more innovative technologies to suit client demand and match their requirements. The ignition timing of the amount of fuel pumped into the car is controlled and adjusted by the automotive engine management system. Sensors that control engine speed, intake air and coolant temperature, and oxygen sensors that control emissions make up the system. The engine management system is one of the most important components of a vehicle since it controls the amount of gasoline injected and adjusts the ignition timing. The engine management system is also an electronic control unit that takes inputs from various sensors, performs computations, and sends out output signals to execute various functions and operations within and around the engine.
Global Automotive Engine Management System Market Drivers & Restraints:
Customers' growing awareness of CO2 emissions and pollution levels has prompted manufacturers of automobile engine management systems to build more modern vehicles that emit no gases. The global need for engine management systems has expanded as the desire for environmentally friendly vehicles that burn less gasoline has increased. This is the market's primary driving force.
With the advent of technology, the lifespan of many vehicles is growing. Every automotive has a major replacement cycle. The engine management ECU replacement cycle repeats again. As a result, it is critical for the consumer to replace the item. The engine control module is extremely expensive in the aftermarket, which may raise market income. As a result, the replacement market has a lot of significant players, which helps to grow the business and creates a lot of opportunities.
Another factor fuelling the growth of the automotive engine management system market is the high per capita income as well as the rising automotive sector, which is linked to increased registration of new cars. Furthermore, the growing involvement of new market participants has increased established firms' readiness to offer relatively low costs for high-quality items, which is expected to develop significantly during the forecast period.
Automotive manufacturers are continually focusing on EMS R&D to enhance engine performance parameters such as fuel economy, emissions, and power output. Manufacturing such systems is tough for the automobile engine management system sector since both the development and design criteria are difficult to keep under control. The rise in pollution levels is a major element in the decline in diesel vehicle sales. As a result, the demand for alternative cars has risen. Electric buses are being developed in countries such as South Korea, India, and China to minimise pollution and emissions. Sales of FCEVs and BEVs are increasing as a result of increased environmental consciousness and worries about emissions. Because electric vehicles do not require an engine management system, an increase in their sales will have a significant impact on the engine management system.
Recent Developments in Global Automotive Engine Management System Market:
Altra Industrial Motion Corp. stated that it has reached an agreement with Cummins Inc. to sell its Jacobs Vehicle Systems division for $325 million. The acquisition of JVS, according to Cummins, provides crucial USMCA-qualified engine components for current and aftermarket products, and builds on Cummins Turbo Technologies' global success.
AT HETHEL, LOTUS LAUNCHES THE EMIRA GT4 RACE CAR WITH HOT LAPS. On the historic Hethel test circuit, Lotus debuted the all-new Emira GT4 race vehicle with a spectacular display of its exhilarating performance.
By monitoring evolving tyre characteristics such as tyre stiffness and tread depth, Nexteer Automotive and Tactile Mobility have unveiled a software solution that seeks to improve vehicle health management, safety, and performance. Changes in road surfaces, such as dry, wet, or icy conditions, can also be detected by the system. The partnership's technology is integrated into a vehicle's steering system and can measure tyre health and other tire-related characteristics using cutting-edge software and virtual sensors.
Global Automotive Engine Management System Market Segmentation:
By Engine Type:
Gasoline is expected to have the high demand and it is anticipated to be the fast-growing segment in the Global Automotive Engine Management System Market During the Forecast Period. During the projected period, the market for gasoline engine management systems is expected to rise at a quicker rate. Furthermore, the implementation of Euro 6 and EPA Tier 3 standards has prompted OEMs to reduce diesel passenger car output. EV adoption, on the other hand, has hurdles like as restricted battery range and longer charging times. As a result, gasoline passenger automobiles are becoming more popular in North America and Europe. Furthermore, due to impending regulations such as China's 6a and 6b and India's BS-VI, the markets for gasoline vehicles are likely to rise at a rapid rate in the coming years, boosting the market for automotive engine management systems for gasoline vehicles.
Engine Control Unit is expected to have the dominant share in the Global Automotive Engine Management System Market During the Forecast Period. Is a variety of electronic control unit that ensures optimal engine performance by controlling a series of actuators on an enclosed combustion engine. It accomplishes this by collecting data from a spread of sensors within the engine bay, interpreting it using multidimensional performance maps (known as lookup tables), and modifying the engine actuators. Mechanical and pneumatic mechanisms were accustomed set and control the air–fuel mixture, ignition timing, and idle speed before ECUs. An electronic engine management system is one during which the ECU has control over the gasoline lines (EEMS). The mechanical system is to blame of managing the fuel supply to the engine. A stack of sensors and actuators regulate the complete mechanism of the EEMS.
By Vehicle Type:
Commercial Vehicles are expected to have the high demand and it is anticipated to be the fast-growing segment in the Global Automotive Engine Management System Market During the Forecast Period. Rapid urbanisation has created opportunities for new retail and ecommerce platforms that require efficient logistics, resulting in increased demand for commercial vehicles. Commercial vehicles are utilised for a variety of tasks, including parcel and courier delivery, ecommerce, white goods delivery, fruits and vegetables delivery, and market loading. The requirement for automotive engine management systems in commercial vehicles has grown as demand for fuel efficiency has increased. These reasons are expected to drive the market for commercial vehicle engine management systems. The demand for commercial vehicles in India, China, and Japan is expected to drive the market at the quickest CAGR in the automotive engine management system market.
Global Automotive Engine Management System Market Regional Analysis:
Key Players in Global Automotive Engine Management System Market:
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Automotive Engine Management System Market, By Engine Type
6.1.3 Market Size Estimations & Forecasts (2022-2027)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Automotive Engine Management System Market, By Component
6.2.1 Engine Control Unit (ECU)
6.2.2 Engine Sensors
6.2.3 Fuel Pump
6.2.5 Market Size Estimations & Forecasts (2022-2027)
6.2.6 Y-o-Y Growth Rate Analysis
6.2.7 Market Attractiveness Index
6.3 Automotive Engine Management System Market, By Vehicle Type
6.3.1 Passenger Vehicles
6.3.2 Commercial Vehicles
6.3.3 Market Size Estimations & Forecasts (2022-2027)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Automotive Engine Management System Market, by Region
7.2 North America - Market Analysis (2022-2027)
7.2.1 By Country
7.2.2 By Engine Type
7.2.3 By Component
7.2.4 By Vehicle Type
7.3.1 By Country
18.104.22.168 Rest of Europe
7.3.2 By Engine Type
7.3.3 By Component
7.3.4 By Vehicle Type
7.4 Asia Pacific
7.4.1 By Country
22.214.171.124 South Korea
126.96.36.199 South East Asia
188.8.131.52 Australia & NZ
184.108.40.206 Rest of Asia-Pacific
7.4.2 By Engine Type
7.4.3 By Component
7.4.4 By Vehicle Type
7.5 Latin America
7.5.1 By Country
220.127.116.11 Rest of Latin America
7.5.2 By Engine Type
7.5.3 By Component
7.5.4 By Vehicle Type
7.6 Middle East and Africa
7.6.1 By Country
18.104.22.168 Middle East
7.6.2 By Engine Type
7.6.3 By Component
7.6.4 By Vehicle Type
8. Key Player Analysis
8.1 Robert Bosch
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Delphi Automotive
8.3 Hitachi Automotive Systems
8.4 Denso Corporation
8.5 Continental AG
8.6 MBE Systems
8.7 Hella KgaA Hueck
8.8 Infineon Technology
8.9 Sensata Technologies
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures
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