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Growing Demand for Sensors to Enhance Customer Experience and Comfort while Driving to Augment the Automotive Engine Management System Industry Growth
Based on component type, sensors accounted for a considerable share in the industry. The growing need for various types of sensors, including mass airflow sensor, engine speed sensor, oxygen sensor, spark knock sensor, and coolant sensor, among others is expected to propel the growth of the sensor segment. This component is essential to enhance the driving experience of the consumer. Meanwhile, the engine control unit component type is expected to witness a significant growth over the forecast period, owing to the increasing prevalence of road accidents. A faulty engine control unit may lead to a massive mishap, thus, the increasing efforts by the key market players to enhance the engine control unit performance for an efficient engine management system are anticipated to further aid the market. Based on engine type, the gasoline segment is anticipated to grow significantly, owing to the rising popularity of gasoline-powered passenger cars. These cars provide a strong torque, power and keep the emissions low at the same time.
Automotive Engine Management System Market Size
Automotive Engine Management System Market Growth
Automotive Engine Management System Market Share
Automotive Engine Management System Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global automotive engine management system market attained a value of nearly USD 62.94 billion.
The market is estimated to witness a healthy growth at a CAGR of 3% in the forecast period of 2024-2032.
The market is being driven by the growing demand for commercial vehicles, rising interests in gasoline-powered vehicles, and increasing disposable incomes.
The key trends of the market include the technological advancements in the automotive sector, rising popularity of electric vehicles, and the growing demand for high-quality components.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Engine control unit (ECU), fuel pump, and sensors, among others, are the various component types of automotive engine management system.
Gasoline and diesel, among others, are the leading component types of the automotive engine management systems.
Commercial vehicle and passenger car, among others, are the significant vehicles in the market.
The key players in the global automotive engine management system market are Robert Bosch GmbH, Continental AG, Hitachi Automotive Systems, Ltd., Infineon Technologies AG, Delphi Technologies (BorgWarner Inc.), and DENSO Corporation, among others.
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