Automotive engine management system market value is expected to witness remarkable growth of USD 235.6 billion during the forecast period at a CAGR of 7%.
The automotive engine management system market is dependent on the automobile industry. Therefore, the increase or decrease in the demand for automobiles directly affects the automotive engine management system market. After the lockdown, there has been a huge increase in the sales of vehicles. For this reason, the manufacturers are developing more advanced technologies to meet the demand of the customers and satisfy their needs.
The automotive engine management system controls and adjusts the ignition timing of the amount of fuel that is being injected into the car. It consists of sensors that control the engine speed, intake air and coolant temperature, and oxygen sensors to control the emissions.
Due to the sudden outbreak of the COVID-19 pandemic, most governments of several countries imposed strict lockdown norms for more than 3 months. This affected the production of vehicles immensely. Due to the closure of the manufacturing units, the sales of the vehicles came to a halt. Though there are some OEMs that have started their production again, still according to the automotive engine management system market analysis, the automotive engine management system may observe a decline in 2020.
The COVID-19 pandemic has interrupted the production of vehicles. Different automakers are still trying to focus on innovative strategies to develop various engine management systems. After the lockdown, considering the normalcy of the automotive industry, the automotive engine management system market outlook may change in a positive way in the coming years.
The increase in customer awareness towards the pollution level and the emission of CO2 forces the manufacturers of the automotive engine management system industry to keep the emissions under control and improve the fuel economy. The constant demand for automobiles and their advancements has led to an increase in the sales of commercial vehicles and passenger cars. Nowadays, automobile engines are developed with lower emissions and improved technologies that can control the ignition to fuel delivery. Due to this reason, there is a high chance of the automotive engine management system market to experience a significant growth in the coming years.
The companies that are responsible for the automotive engine management system market growth are Rober Bosch, Hitachi Automotive Systems, Denso Corporation, and Continental AG. These are some of the main companies that hold the largest market share. These companies are constantly implementing brand-new innovative strategies to stand out and maintain the competition in the global market. Here is a list of some of the key players that are responsible for inducing the growth of the automotive engine management system market.
List of companies
The automotive engine management system market size is segmented into three categories- by vehicle type, by fuel type, and by component. Here is a list of the segments and their sub-segments into which the market size is being divided.
On the basis of region, the automotive engine management system Market Share is segmented into various regions like North America, Asia Pacific, Europe, and the Middle East and Africa. Among these regions, the Asia Pacific region is expected to record the highest market share. In 2020, India executed BS-VI norms whereas China executed the China 6a and 6b. These are some of the upcoming missions that are going to take place in the Asia Pacific region and are going to drive the market.
Along with this, the demand for luxury cars has increased immensely. The rise in the demand for passenger cars has highlighted the need for advanced technologies and better performance of the engine. Therefore, the market for automotive engine management systems in the Asia Pacific region is estimated to witness significant market growth in recent years.
The report for the global automotive engine management system market provides a clear picture of the current market scenario along with its historical and forecasted market size in terms of volume, value, advanced technological equipment, and the factors governing the market. This research report also outlines the automotive engine management system market trends along with the factors affecting the growth of the market like drivers, challenges, restraints, and opportunities. A detailed analysis is also done based on regions, competition among the key players, and the outbreak of the COVID-19 pandemic. The report also portrays the segmentation of the market and the recent developments that occurred in the market to enhance the growth.
|CAGR||7% CAGR (2022 to 2030)|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Engine Type, Component, Vehicle Type|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Robert Bosch (Germany), NGK Spark Plug (Japan), Delphi Automotive (UK), Hitachi Automotive Systems (Japan), Denso Corporation (Japan), Continental AG (Germany), MBE Systems (UK), Hella KgaA Hueck (Germany), Infineon Technology (Germany), Sensata Technologies (Netherlands)|
|Key Market Opportunities||
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The automotive engine management system market is presumed to mark 7% CAGR.
The valuation of the automotive engine management system market is prognosticated to be USD 235.6 Mn.
Increasing demand is expected for passenger vehicles which is projected to augment the segment in the near future.
The automotive engine management system market is likely to benefit from the developments in the automotive industry and rising sales of automobiles.
The segments of the automotive engine management system market, by component, are Engine Control Unit (ECU), fuel pump, engine sensors, and others.
In 2016, the passenger car segment had dominated the automotive engine management system market.
The major players of the automotive engine management system market are Continental AG (Germany), Delphi Automotive (UK), NGK Spark Plug (Japan), Hella KgaA Hueck (Germany), Robert Bosch (Germany), Denso Corporation (Japan), Hitachi Automotive Systems (Japan),Sensata Technologies (Netherlands), Infineon Technology (Germany), and MBE Systems (UK).