The market for automotive engine management systems (EMS) is directly correlated with developments in the automotive sector, particularly in the demand for automobiles. Vehicle sales have significantly increased since the most recent worldwide lockdowns. Manufacturers are therefore under pressure to provide more cutting-edge technology in order to satisfy consumer demand and demands. The COVID-19 epidemic has severely hindered the automotive industry's ability to produce goods. Vehicle sales have stopped as a result of manufacturing plants being closed down for extended periods of time. The vehicle engine management system can still detect a reduction despite the fact that some OEMs have resumed production. The pandemic has halted vehicle production, and numerous automakers are attempting to concentrate on cutting-edge tactics to build new engine management systems.
According to MRFR analysis, the global Automotive Engine Management System Market is expected to register a CAGR of ~ 5% from 2022 to 2030 and hold a value of over ~USD 82 Billion by 2030.
Regional Analysis
North America has a significant share in the automotive engine management system industry due to the presence of advanced technology and an increase in electric vehicle sales. The considerable rise in the e-commerce sector has further provided an impetus to the demand for commercial vehicles, thus aiding the automotive engine management system industry. Asia Pacific is likely to account for a significant share of the market, owing to the rising disposable income and growing population in the region.
Market Segmentation
The global Automotive Engine Management System market has been segmented into engine type and components.
Based on engine type, the market has been segmented into Gasoline and Diesel. The gasoline segment is expected to grow due to increased demand for gasoline vehicles, owing to the lower cost of ownership and maintenance, which is expected to drive the growth of this segment. Additionally, stringent emission norms, particularly in developed countries, are expected to fuel the demand for gasoline engine management systems.
Based on Components, the market has been segmented into Engine Control Units (ECU), Engine Sensors, Fuel Pumps, and Others. The Engine Control Units (ECU) segment is expected to grow due to the rising demand for fuel efficiency and emission reduction. The ECU controls the engine's ignition timing, air-fuel mixture, and other important functions. It is the brains of the engine management system, and its popularity is because it can significantly improve the performance of a vehicle. In addition, the ECU can also help to improve the fuel economy of a vehicle, which is an important consideration for many consumers.
Key Players
Some of the key market players are 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).
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