Market Size of Automotive Engine Management System Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 66.20 Billion |
| Market Size (2029) | USD 84.80 Billion |
| CAGR (2024 - 2029) | 4.20 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Automotive Engine Management System Market Analysis
The Automotive Engine Management System Market size is estimated at USD 66.20 billion in 2024, and is expected to reach USD 84.80 billion by 2029, growing at a CAGR of 4.20% during the forecast period (2024-2029).
Over the long term, the growing consumer trend toward fuel-efficient vehicles has encouraged manufacturers to develop advanced components that control engine operation. The enactment of stringent emission norms is likely to increase significantly due to the rise in greenhouse gas levels globally.
With the growth in sales and production of passenger cars, the global automotive sector has been witnessing exponential growth year on year. For instance, the sales of passenger cars in India increased from 14,67,039 to 17,47,376, utility vehicles from 14,89,219 to 20,03,718, and vans from 1,13,265 to 1,39,020 units in FY 2022-23, compared to the previous year.
With the growth in demand for vehicles, engine management companies are adopting strategic moves such as product launches, capacity expansion, and mergers to cater to the high demand.
- In July 2023, Valeo expanded its ultrasonic sensor manufacturing capacity to 7 million units at the Sanand plant. The first production line at Sanand was started in November 2021. With this additional line, the total production capacity increased from 3 million to 7 million units annually.
- In January 2023, Sensata showcased its broad range of mission-critical sensors and electrical protection solutions for automotive and heavy vehicle off-road (HVOR) applications.
North America is the fastest 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 hold the major market share. Customers in India and China are becoming more aware of enhancing their vehicles' performance, which is expected to boost the automotive engine management system market.
Automotive Engine Management System Industry Segmentation
Engine management systems are primarily responsible for controlling emissions and the performance of an automobile. Since the last decade, engine management systems have become vital as they assist vehicle manufacturers in meeting current and future emission requirements.
The automotive thermal management systems market 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 components, 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. The report offers market size and forecasts in value (USD) and volume (units) for all the above segments.
| By Vehicle Type | |
| Passenger Car | |
| Commercial Vehicle |
| By Component Type | |
| Engine Control Unit (ECU) | |
| Engine Sensors | |
| Fuel Pump | |
| Other Component Types |
| By Geography | ||||||||
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Automotive Engine Management System Market Size Summary
The automotive engine management system market is poised for significant growth, driven by the increasing demand for fuel-efficient and environmentally friendly vehicles. As manufacturers respond to stringent emission norms and a global push towards reducing greenhouse gas emissions, the development of advanced engine control components has become a priority. The market is experiencing a surge in demand due to the rising sales and production of passenger cars, particularly in regions like Asia-Pacific, where countries such as China and India are witnessing a boom in automotive sales. This growth is further fueled by the popularity of sports utility vehicles (SUVs) and the expanding market for electric vehicles, supported by tax subsidies and improved charging infrastructure.
Key players in the automotive engine management system market are actively engaging in strategic initiatives such as product launches, capacity expansions, and mergers to meet the burgeoning demand. Companies like Valeo and Sensata are enhancing their manufacturing capabilities and showcasing innovative sensor technologies. The market is characterized by a consolidation of major players, including Continental AG, DENSO Corporation, and Robert Bosch GmbH, who are leveraging collaborations and new product developments to maintain their competitive edge. As the automotive industry continues to evolve with advancements in autonomous and electric vehicles, the demand for sophisticated engine management systems is expected to rise, presenting lucrative opportunities for market participants.
Automotive Engine Management System Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Increase in Sales of Passenger Cars
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1.3 Market Restraints
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1.4 Increased Cost of Vehicles Due to Additional Safety Features
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1.5 Industry Attractiveness - Porter's Five Forces Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD Billion)
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2.1 By Vehicle Type
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2.1.1 Passenger Car
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2.1.2 Commercial Vehicle
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2.2 By Component Type
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2.2.1 Engine Control Unit (ECU)
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2.2.2 Engine Sensors
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2.2.3 Fuel Pump
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2.2.4 Other Component Types
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2.3 By Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Rest of North America
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Italy
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2.3.2.5 Spain
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2.3.2.6 Rest of Europe
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2.3.3 Asia Pacific
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2.3.3.1 India
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2.3.3.2 China
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2.3.3.3 Japan
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2.3.3.4 South Korea
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 Rest of the World
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2.3.4.1 South America
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2.3.4.2 Middle East and Africa
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Automotive Engine Management System Market Size FAQs
How big is the Automotive Engine Management System Market?
The Automotive Engine Management System Market size is expected to reach USD 66.20 billion in 2024 and grow at a CAGR of 4.20% to reach USD 84.80 billion by 2029.
What is the current Automotive Engine Management System Market size?
In 2024, the Automotive Engine Management System Market size is expected to reach USD 66.20 billion.
