Automotive Engine Management System Market Size
|Study Period:||2018 - 2028|
|Fastest Growing Market:||Asia-Pacific|
*Disclaimer: Major Players sorted in no particular order
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Automotive Engine Management System Market Analysis
The automotive engine management system market was valued at USD 61.36 Billion and is projected to grow to USD 78.54 Billion by 2027, registering a CAGR of 4.2% in terms of revenue during the forecast period.
The COVID-19 pandemic had a swift and negative impact on the globally integrated automotive industry. For the year 2020, vehicle sales declined significantly, which in turn hampered the demand for the automotive engine management system market. However, post-2021, the automotive industry started witnessing growth and recovered considerably in the year 2021. the growth of the automotive industry is expected to continue during the forecast period, which is likely to drive the market in focus during the forecast period.
Over the long term, the growing consumer trend toward fuel-efficient vehicles has promoted manufacturers to develop advanced components that control engine operation. An enactment of stringent emission norms across the globe owing to an increase in the level of greenhouse gases is likely to witness significant growth for the market.
Factors, such as rigid fuel economy, regulatory norms, and growing demand for technologically advanced powered engines for the better performance of vehicles, are expected to augment the demand in the market. For instance, Robert Bosch GmbH has developed an engine management system that will see FI technology replace the carburetors that can reduce fuel consumption by up to 16%. This is likely to witness major growth for the market during the forecast period.
North America is the largest automotive engine management systems market in the world. However, due to the more significant automotive sales, especially in China and India, the automotive engine management systems in Asia-pacific are anticipated to experience the fastest growth. Customers in India and China are becoming more aware of enhancing their vehicles' performance, which will boost the automotive engine management system market.
Automotive Engine Management System Industry Segmentation
Primarily engine management systems are responsible for controlling emissions and performance of an automobile. Since the last decade, engine management systems have become very vital as they assist vehicle manufacturers in meeting current and future emission requirements.
The automotive thermal management system is segmented into vehicle type, component, and geography. Based on the vehicle type, the market is segmented into passenger cars and commercial vehicles. Based on the component, the market is segmented into Engine Control units (ECU), Engine Sensors, Fuel Pumps, and Others. Based on geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. For each segment, the market sizing and forecast have been done on the basis of value (USD Billion).
|By Vehicle Type|
|By Component Type|
|Engine Control Unit (ECU)|
Automotive Engine Management System Market Trends
This section covers the major market trends shaping the Automotive Engine Management System Market according to our research experts:
Consumer Demand for Efficient Transmission Modes Is Driving the Market
An increase in customer awareness towards growing emission and pollution levels pushes automotive engine management system manufacturers to improve fuel economy and keep emissions levels by keeping the NOx and CO2 in control. Engine management systems ensure precise amounts of fuel being combusted from the engine control unit with sensors fixed on the vehicle.
Advancement and steady demand for automobiles result in the sale of passenger cars and commercial vehicles equipped with engine management systems. Lower emissions and improved performance in today's automobile engines are being delivered with the advancements in electronics that can manage everything from ignition to fuel delivery in every aspect of emissions control. As a result, the automotive engine management system market will experience significant growth during the forecast period.
For instance, companies such as Robert Bosch, which derives a large revenue by catering to the diesel vehicle segment, face regulatory challenges amid a crackdown on air pollution. However, they are also benefiting from the emerging opportunities in the market for emission-reducing products and support due to its strong parent company, which is known globally for advanced auto technology. As a result, Bosch's technological advantage in delivering efficient engines will maintain an edge over rivals.
Customers’ inclination towards environment-friendly and government institutions enforcing more stringent laws and norms to ensure heightened performance will continue pushing the automotive engine management systems
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Asia-Pacific is leading the Market
China is leading the global market share in the engine management system (EMS) segment, supplying fuel pumps and injectors. New emission norms for diesel engines could mean additional opportunities for Chinese engine management companies. China put into effect the Emission Standard VI in 2019, raising higher requirements for engines.
Since then, companies such as Cherry have launched its third generation ACTECO 1.6TGDI engine, which also won China's top 10 Engines for 2019 after passing several professional tests. Chery ACTECO 1.6TGDI engine is the first engine model that uses Chery's five core technologies: iHEC combustion system, rapid heating thermal management system, fast-responding supercharging technology, friction-reducing technology, and lightweight technology, to avoid the engine oil problem.
The Indian government stipulated new emission norms, such as the Bharat Stage (BS) IV, in April 2017. With BS-VI effective from April 2020, vehicle manufacturers have to reduce harmful particulate matter, NOX, and CO2 levels. Suppliers of exhaust gas treatment products such as petrol and diesel particulate filters and selective catalytic converters will be among the new norms' biggest beneficiaries, further driving the Asia Pacific Engine Management System market.
Japan holds 15th position in the world vehicles per capita criteria, with nearly 591 vehicles per 1,000 people. Japan is regarded as one of the major markets for luxury cars in the Asia-Pacific region. Also, some of the most well-known global automobile brands, such as Toyota, Honda, and Nissan, are from Japan. These brands sell a considerable number of vehicles in their home country, which in turn is likely to increase the demand for the engine management system.
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Automotive Engine Management System Industry Overview
The Automotive Engine Management System Market is dominated by various international and regional players such as Bosch, Continental, BorgWarner, Denso, and Valeo. Although to have an edge over their competitors, the major players focus on strategies like joint ventures, expansion, and partnerships to launch newer products. For instance,
- In April 2022, Continental AG opened a Greenfield plant in Pune, India. The Greenfield plant is dedicated to various drivetrain products, including engine management systems, sensors, and actuators as fuel and exhaust management components for passenger cars and commercial vehicles. The company has invested an amount of around INR 2 Billion for this plant.
- In March 2022, MAHLE Aftermarket is expanding its engine management portfolio. By constantly extending its engine management product range, MAHLE Aftermarket is making it easier for workshops to generate new business.
- In February 2021, DENSO Malaysia is a subsidiary of Denso Corporation expanding its production capacity in Selangor, Malaysia. The production facility is responsible for producing air conditioning systems, electric power steering, airbag electronic control units, and engine control units.
Automotive Engine Management System Market Leaders
Robert Bosch GmbH
*Disclaimer: Major Players sorted in no particular order
Automotive Engine Management System Market News
- In July 2022, Dover Fueling Solution a part of DOVER launched a new technologically-advanced dispenser for hydrogen and its first-ever four-nozzle Wayne Helix compressed natural gas (CNG) fuel dispenser in the Europe region.
- In December 2021, Dover Corporation introduced the DMP Magnetostrictive Flex Probe, a fuel management system that offers precise readings of fuel and other tank liquids.
Automotive Engine Management System Market Report - Table of Contents
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD Billion)
5.1 By Vehicle Type
5.1.1 Passenger Car
5.1.2 Commercial Vehicle
5.2 By Component Type
5.2.1 Engine Control Unit (ECU)
5.2.2 Engine Sensors
5.2.3 Fuel Pump
5.3 By Geography
5.3.1 North America
188.8.131.52 United States
184.108.40.206 Rest of North America
220.127.116.11 United Kingdom
18.104.22.168 Rest of Europe
5.3.3 Asia Pacific
22.214.171.124 South Korea
126.96.36.199 Rest of Asia-Pacific
5.3.4 Rest of the World
188.8.131.52 United Arab Emirates
184.108.40.206 Other Countries
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles*
6.2.1 Robert Bosch GmbH
6.2.2 Continental AG
6.2.3 BorgWarner Inc.
6.2.4 DENSO Corporation
6.2.5 Hella KGaA Hueck & Co.
6.2.6 Infineon Technologies AG
6.2.7 Sensata Technologies
6.2.8 Mobiletron Electronics Co. Ltd
6.2.9 NGK Spark Plugs Pvt Ltd.
6.2.10 Hitachi Automotive Systems, Ltd.
6.2.11 Dover Corporation
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Automotive Engine Management System Market Research FAQs
What is the study period of this market?
The Automotive Engine Management System Market is studied from 2018 - 2028.
What is the growth rate of Automotive Engine Management System Market?
The Automotive Engine Management System Market is growing at a CAGR of 4.2% over the next 5 years.
What is Automotive Engine Management System Market size in 2018?
The Automotive Engine Management System Market is valued at 61 Billion USD in 2018.
What is Automotive Engine Management System Market size in 2028?
The Automotive Engine Management System Market is valued at 78 Billion USD in 2028.
Which region has highest growth rate in Automotive Engine Management System Market?
Asia-Pacific is growing at the highest CAGR over 2018 - 2028.
Which region has largest share in Automotive Engine Management System Market?
Asia-Pacific holds highest share in 2021.
Who are the key players in Automotive Engine Management System Market?
Continental AG, DENSO Corporation, BorgWarner Inc., Valeo, Robert Bosch GmbH are the major companies operating in Automotive Engine Management System Market.
Automotive Engine Management System Industry Report
Statistics for the 2023 Automotive Engine Management System market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Automotive Engine Management System analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.