Global Automotive Engine Management Systems Market is segmented By Vehicle Type (Passenger Cars, Commercial Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles), By Engine Type (Gasoline Engine, Diesel Engine), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029
Market Overview
[150 Pages Report] The Global Automotive Engine Management Systems Market is expected to grow at a CAGR of 7.65% during the forecasting period (2022-2029).
- Engine management system is a significant component of a vehicle and is also responsible for adjusting the ignition timing and for controlling the amount of fuel being injected.
- Also, the engine management system is an electronic control unit that receives signals from multiple sensors, makes calculations, and sends the output signals to carry out various functions and operations within and around the engine.
- The major factors that influence the demand for automotive engine management systems are the booming automotive industry coupled with increasing registration of new cars, expansion of global players into emerging nations, and stringent government regulation on reducing vehicle emissions. The automotive engine management system market is entirely dependent on the automobile industry.
- Over the past few years, the global automotive industry market has experienced a booming phase as many new technologies are coming into the market. Geographically, the Asia-Pacific region has registered as the fastest-growing region, but the European region has dominated the global market in terms of revenue followed by Asia-Pacific.
Market Drivers
- The availability of funding has eased the purchase of cars, which has shown a rise in the use of engine management systems. The other factor responsible for the increase in vehicle sales is macroeconomic development and the growth in the global middle-class consumers and demand for car sales.
Market Restraints
- The major restraints for the engine management system market are the high cost of the engine management system.
Market Segmentation
By Product:
- The Gasoline Engine Management System electronically controls combustion parameters to increase engine output and reduce emissions, and fuel consumption and gasoline direct injection helped to save fuel by up to 20% and reduce CO2 emissions.
- The Increasing demand for fuel-efficient and low-emission gasoline vehicles and the rising requirement to meet the stringent fuel and emission parameters will lead to the rise in the adoption of EMS in gasoline vehicles.
- Electronic Control Unit (ECU) precisely calculates and delivers the ideal air-fuel mixture. ECU also regulates the idle speed of the engine and limits the top speed of a vehicle.
- The passenger cars segment is accounted for the major shares of the automotive engine management systems market. Factors such as high demand increased sales numbers, and stringent emission norms in developed and developing countries will contribute to the growth of this industry segment in the coming years.
FAQ
What is the Automotive Engine Management Systems Market growth?
The market is growing at a CAGR of 7.65%.
What is the Automotive Engine Management Systems Market size in 2021
The Automotive Engine Management Systems Market size was valued at USD YY million in 2021.
