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Global Automotive Engine Management System Market to Grow at a CAGR of 3% During 2022-2027, Aided by the Need of Curbing the Emission from Vehicles Which Harm the Environment

According to a new report by EMR titled, ‘Global Automotive Engine Management System Market Report and Forecast 2022-2027’, the automotive engine management system industry stood at a value of around USD 57.6 billion in 2020. The market is further expected to grow at a CAGR of 3% in the forecast period of 2022-2027.

The global automotive engine management system industry is likely to be driven by the rising awareness about the pollution and emission of harmful gases by commercial or passenger vehicles. The engine management system in a vehicle controls the emission efficiently. The technological advancements in the electrical and electronic devices installed in the vehicles will further provide an impetus to the market. The market will further be aided by the thriving automotive sector, which is likely to witness a surge in sales, owing to the rising demand for fuel-efficient cars with advanced features and a powerful engine management system.

In December 2020, Bosch Ltd. (NSE: BOSCHLTD) announced the completion of the second phase of construction of the Xi’an plant. The plant-covered and area of 74,000 square km and received a total investment of CNY 500 million. Furthermore, the growing popularity of a diverse range of sensors developed by Robert Bosch that are designed to optimise the engine performance is likely to bolster the market growth over the forecast period.

North America accounts for a significant share in the market owing to the high disposable incomes, increasing awareness about the steps needed to curb pollution and the rising popularity of electric vehicles. Also, the technological advancements required to enhance the electrical and electronic devices will bolster the demand for the engine management system. Meanwhile, the market in the Asia Pacific is anticipated to grow significantly, owing the rising population the flourishing transportation sector.

Market Breakup by Component Type, Engine Type, Vehicle, and Region:

  • The market, based on component type, is segmented into engine control unit (ECU), fuel pump, and sensors, among others.
  • The significant engine types in the market include gasoline and diesel, among others.
  • On the basis of vehicles, the market can be segmented into commercial vehicles and passenger vehicles, among others.
  • The regional markets for automotive engine management systems can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for automotive engine management systems is being driven by the growing awareness about the need to curb the harmful emission of gases from vehicles.
  • The technological advancements in the electrical and electronic devices installed in the vehicles will further aid the market growth by propelling the demand for a powerful engine management system.
  • The growing popularity of electric vehicles and the thriving automotive industry will bolster the market growth.
  • The surge in sales in automobiles, owing to the flourishing transportation sector, is another factor that will augment the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global automotive engine management system market for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) market information for the component, engine type, vehicle, and major regions of the automotive engine management system.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the automotive engine management system industry are Robert Bosch GmbH, Continental AG, Hitachi Automotive Systems, Ltd., Infineon Technologies AG, Delphi Technologies (BorgWarner Inc.), and DENSO Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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