The automotive engine management system market has experienced steady growth, rising from $57.90 billion in 2023 to $60.39 billion in 2024 at a CAGR of 4.3%. The growth in the historic period was driven by factors like the tightening of emission regulations, rising fuel prices, increasing demand for fuel-efficient vehicles, expansion in the automotive sector, and the growing popularity of hybrid and electric vehicles. By 2028, the market size is expected to grow to $72.42 billion, representing a CAGR of 4.6%. The forecasted growth can be attributed to continued tightening of emission regulations, further growth in electric and hybrid vehicle markets, increased focus on fuel economy, growing consumer awareness of environmental issues, and supportive government policies promoting green technologies. Emerging trends include the integration of engine management systems with autonomous driving technologies, enhanced vehicle-to-everything (V2X) communication, the rise of AI and machine learning applications, the adoption of smart sensors, and advancements in predictive maintenance technologies.
Global Automotive Engine Management System Market Key Driver
Growing vehicle ownership is expected to propel the growth of the automotive key blank market going forward. The increase in vehicle ownership is driven by rising personal mobility needs and economic factors favoring vehicle ownership over other transportation options. Automotive key blanks are used to create duplicate or replacement keys specific to vehicles, ensuring secure access and operation. For example, in June 2024, the Society of Motor Manufacturers & Traders (SMMT) reported that car registrations rose to 1,006,763 in 2024 from 949,720 in 2023, representing a 6% increase in sales. Therefore, the growth in vehicle ownership is driving the automotive key blank market's expansion.
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Global Automotive Engine Management System Market Segments
The automotive engine management system market covered in this report is segmented –
1) By Component: Electronic Control Unit (ECU), Fuel Pump, Engine Sensors, Other Components
2) By Vehicles: Passenger Cars, Commercial Vehicles
3) By Fuel Type: Diesel, Gasoline
4) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
By Geography:The regions covered in the automotive engine management system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the automotive engine management systems market in 2023. North America is expected to be the fastest-growing region in the forecast period.
Major Automotive Engine Management System Industry Players
Volkswagen AG, Mercedes-Benz, Ford Motor Company, General Motors, Robert Bosch GmbH, Hitachi Automotive Systems, DENSO CORPORATION, ZF Friedrichshafen AG, AB Volvo, Continental AG, Mitsubishi Heavy Industries Ltd., Cummins Inc., Valeo, TE Connectivity, Infineon Technologies AG, NXP Semiconductors, Fiat Automobiles S.p.A, BorgWarner Inc., JTEKT Corporation, Dover Corporation, Sensata Technologies Inc., NGK SPARK PLUG CO. LTD., HELLA GmbH & Co. KGaA, CTS Corporation, Mobiletron Electronics Co. Ltd.
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Automotive Engine Management System Market Overview
Automotive Engine Management Systems (EMS) refer to a complex network of electronic and mechanical components designed to monitor, control, and optimize the performance of an internal combustion engine in a vehicle. These systems play a critical role in managing various engine functions to improve efficiency, reduce emissions, and enhance overall performance.
Automotive Engine Management System Global Market Report 2023 provides data on the global automotive engine management system market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The automotive engine management system market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
