PUBLISHER: The Business Research Company | PRODUCT CODE: 1546409
PUBLISHER: The Business Research Company | PRODUCT CODE: 1546409
Automotive engine management systems (EMS) are a sophisticated blend of electronic and mechanical parts aimed at overseeing, regulating, and refining the operation of internal combustion engines in vehicles. These systems are pivotal in overseeing engine functions to enhance efficiency, diminish emissions, and boost overall performance.
Key elements of an automotive engine management system include the electronic control unit (ECU), fuel pump, engine sensors, and other components. The ECU, a pivotal part in contemporary vehicles, manages various engine functions and systems by interpreting sensor data and making adjustments to optimize performance and efficiency. Vehicles encompass passenger cars and commercial vehicles utilizing diverse fuel types such as diesel and gasoline. Sales channels range from original equipment manufacturers (OEM) to aftermarket suppliers.
The automotive engine management system market research report is one of a series of new reports from The Business Research Company that provides automotive engine management system market statistics, including automotive engine management system industry global market size, regional shares, competitors with an automotive engine management system market share, detailed automotive engine management system market segments, market trends and opportunities, and any further data you may need to thrive in the automotive engine management system industry. This automotive engine management system market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The automotive engine management system market size has grown steadily in recent years. It will grow from $57.90 billion in 2023 to $60.39 billion in 2024 at a compound annual growth rate (CAGR) of 4.3%. The increase in the historic period was driven by more stringent emission regulations, higher fuel costs, growing demand for fuel-efficient vehicles, expansion of the automotive sector, and the increased popularity of hybrid and electric vehicles.
The automotive engine management system market size is expected to see steady growth in the next few years. It will grow to $72.42 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. Anticipated growth in the upcoming period is attributed to ongoing tightening of emission regulations, expansion of the electric and hybrid vehicle markets, increased emphasis on fuel efficiency, rising consumer awareness of environmental issues, and governmental support for green technologies. Key trends expected in this period include integration with autonomous driving technologies, advancement in vehicle-to-everything (V2X) communication, the proliferation of AI and machine learning applications, greater adoption of smart sensors, and progress in predictive maintenance techniques.
The automotive engine management system market is expected to experience growth driven by the increasing adoption of hybrid vehicles. Hybrid vehicles, which utilize multiple power sources, are gaining popularity due to environmental concerns, fuel savings, and government incentives. These vehicles require sophisticated engine management systems to seamlessly integrate and control both internal combustion engines and electric motors, thereby enhancing performance and efficiency. For example, in February 2024, new hybrid-electric car sales in Europe surged to 255,511 units, reflecting a 24.7% increase from February 2023. This trend underscores the significant role of hybrid vehicle adoption in boosting the automotive engine management system market.
Leading companies in this market are focusing on advancing technologies such as barometric air pressure (BAP) sensors to optimize engine performance, improve fuel efficiency, and enhance overall vehicle functionality. BAP sensors detect atmospheric pressure variations caused by altitude and weather conditions, providing critical data for optimizing air density and adjusting vehicle functions accordingly. For instance, Infineon Technologies AG launched the XENSIV KP464 and KP466 BAP sensors in June 2023. The KP464 is tailored for engine control management, optimizing air-fuel mixtures based on atmospheric pressure readings. Meanwhile, the KP466 supports advanced pneumatic seat systems, offering innovative features for enhanced comfort and technical performance.
In May 2022, Race Winning Brands, Inc., a US-based manufacturer of high-performance automotive parts, acquired Haltech Engine Management Systems (Haltech). This acquisition integrates Haltech's advanced engine management systems into Race Winning Brands, Inc.'s portfolio, strengthening capabilities in creating high-speed engines. It also expands the company's global presence with a new base in Australia, complementing existing operations in Canada and Europe. Haltech Engine Management Systems specializes in electronic engine management systems tailored for performance and racing applications.
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.
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.
The countries covered in the automotive engine management system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The automotive engine management systems market consist of revenues earned by entities that provide services such as engine control, emission control, predictive maintenance, performance monitoring, and fuel efficiency management. The market value includes the value of related goods sold by the service provider or included within the service offering. The automotive engine management system market also includes sales of electronic control units (ECUs), sensors, actuators, ignition coils, spark plugs, and distributors. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Automotive Engine Management System Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on automotive engine management system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for automotive engine management system ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The automotive engine management system market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.