According to a comprehensive report titled “Automotive Engine Management System Market,” the industry is anticipated to experience a steady growth rate of 1.5% from 2020 to 2025. The market size is predicted to expand from USD 58.8 billion in 2020 to USD 63.2 billion by 2025. Factors such as stringent emission regulations and the increasing production of vehicles are expected to drive the market for engine management systems.
The sensor segment is projected to hold the largest market share in the engine management system market. The demand for enhanced engine performance has led to a significant growth in the engine sensors market. In today’s automotive landscape, nearly all vehicles are equipped with an engine ECU and sensors, intensifying the competition among automakers to deliver optimal engine performance while complying with emission standards. As a result, Original Equipment Manufacturers (OEMs) are under pressure to provide technologically advanced engine management systems. Additionally, the rising stringency of emission norms has fueled the demand for oxygen, pressure, temperature, and knock sensors connected to engines. Thus, the sensor market is expected to further expand in the coming years.
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Within the engine management system market, the gasoline segment is experiencing the fastest growth, particularly in the passenger car segment. This growth can be attributed to the implementation of Euro 6 and EPA Tier 3 norms, which have compelled OEMs to reduce the production of diesel-powered passenger cars. Despite the challenges faced by Electric Vehicles (EVs), such as limited battery range and longer charging times, the demand for gasoline-powered passenger cars is rising, particularly in North America and Europe. Asia Pacific is also witnessing a similar trend due to upcoming regulations like China 6a and 6b and India’s BS-VI, which are expected to drive the market for engine management systems in gasoline vehicles.
Geographically, Asia Pacific is estimated to be the largest segment in the engine management system market. The region’s implementation of stringent emission norms, such as China 6a & 6b and India’s BS VI, coupled with a significant increase in demand for luxury cars, has created a strong need for advanced emission technologies and improved engine performance. Consequently, the engine management system market in Asia Pacific is expected to witness substantial growth in the coming years.
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The engine management system market is predominantly dominated by global players; however, it also includes several regional players. Key players in the market include Robert Bosch, Continental AG, Denso, BorgWarner, Hitachi Automotive, Infineon Technologies, Hella, Sanken, and NGK Spark Plug.
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