The Automotive Engine Management System (EMS) Market is projected to grow to USD 63.2 billion by 2025 from USD 58.8 billion in 2020, at a CAGR of 1.5% during the forecast period. The demand for automotive engine management system is driven by the implementation of stringent emission norms, fuel efficiency regulations, growing vehicle production around the globe.
The rising demand for improved engine performance across all vehicle segments and developments in ECU, sensor, and lightweight components are expected to further boost the market. Asia-Pacific remains the key market for automotive engine management system, though the demand is also increasing in Europe, and North America.
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Opportunities: Replacement of ECUs due to increasing average life of vehicles
An automobile is made of complex components, each of which has its own life span and longevity characteristics. Car longevity is an important aspect and depends on several factors such as maximum service life and relationship of components to this lifespan. With the advancements in technology, lifespan of vehicles is increasing. Studies reveal that the average life of light vehicles on the road stood at a record high of 12 years in 2018. It is up from 11.2 years in 2012, and 10.9 years in 2010. With this, the replacement cycle of an engine management ECU repeats itself and it becomes necessary for the consumer to make this replacement.
Challenges: Design and development of a system that complies with increasingly tougher emission standards.
Automotive manufacturers are continuously involved in the R&D of EMS to improve engine performance measures such as power output, fuel consumption, and emissions. The main challenge for OEMs today is the design and development of a system that complies with increasingly tougher emission standards. However, developing such a system that can provide high output, keeping fuel consumption and emissions to a minimum is challenging, since when one parameter is controlled the other one tends to deviate. For instance, if the fuel intake is limited to reduce fuel consumption, it reduces power output. Thus, to develop an optimized EMS, OEMs are rigorously involved in the R&D of such systems. New technologies are being introduced for engineers to tailor-make designs and developments of EMS. These OEMs require control units that are flexible and enable ease of implementation of control system functions.
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LCV is expected to be the fastest-growing segment of the automotive engine management system market, by vehicle type, during the forecast period
Rapid urbanization has provided opportunities for new retail and eCommerce platforms that require efficient logistics, which has resulted in the growth of the LCV segment. LCVs are used in a wide range of applications such as parcel and courier, eCommerce, white goods, fruits & vegetables, market loads, and FMCG.
Increasing demand for fuel efficiency has triggered the need for automotive engine management systems in LCVs. These factors are excepted to drive the LCV automotive engine management system market. demand from India, China, and Japan for LCVs is estimated to drive the market at the fastest CAGR for the automotive engine management system market.
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