Press release
Automotive Engine Management System Market Report 2024 - Automotive Engine Management System Market Growth And Share
"The Business Research Company recently released a comprehensive report on the Global Automotive Engine Management System Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=17076&type=smp
According to The Business Research Company's, The automotive engine management system market size has grown steadily in recent years. It will grow from $57.90 billion in 2023 to $60.39 billion in 2024 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to stricter emission regulations, rising fuel prices, increasing demand for fuel-efficient vehicles, growth in the automotive industry, and a rise in hybrid and electric vehicles.
The automotive engine management system market size is expected to see steady growth in the next few years. It will grow to $72.42 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to continued emission regulation tightening, growth in electric and hybrid vehicle markets, increased focus on fuel economy, rising consumer awareness of environmental issues, and government policies supporting green technologies. Major trends in the forecast period include integration with autonomous driving technologies, enhanced vehicle-to-everything (V2X) communication, the growth of AI and machine learning applications, increased adoption of smart sensors, and advancements in predictive maintenance.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/automotive-engine-management-system-global-market-report
Market Drivers and Trends:
The increasing adoption of hybrid vehicles is expected to propel the growth of the automotive engine management system market going forward. Hybrid vehicles are vehicles that utilize two or more distinct power sources to push themselves. The rise in hybrid vehicle adoption is increasing due to environmental worries, fuel savings, and government incentives. Hybrid vehicles require advanced engine management systems to integrate and control the internal combustion engine and the electric motor seamlessly, optimizing performance and efficiency. For instance, in February 2024, according to the European Automobile Manufacturers Association, a UK-based standards group of the automobile industry, sales of new hybrid-electric cars reached 255,511 units in February 2024, marking a 24.7% increase from February 2023. Therefore, the increasing adoption of hybrid vehicles drives growth in the automotive engine management system market.
Major companies operating in the automotive engine management systems market focus on developing advanced technologies such as barometric air pressure (BAP) sensors to enhance engine performance, optimize fuel efficiency, and improve overall vehicle functionality. Barometric air pressure (BAP) sensors detect atmospheric pressure, which fluctuates based on altitude and weather, and are utilized in numerous applications, such as automotive systems, to provide data for optimal performance by calculating air density and adjusting functions as needed. For instance, in June 2023, Infineon Technologies AG, a Germany-based semiconductor manufacturing company, launched XENSIV barometric air pressure (BAP) sensors, which include the KP464 and KP466. The KP464 is designed for engine control management, measuring atmospheric pressure to optimize the air-fuel mixture. The KP466 is intended for seat comfort, enabling advanced pneumatic seat systems with innovative features and clear technical benefits.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
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.
Automotive Engine Management System Market 2024 Key Insights:
• The automotive engine management system market size is expected to see steady growth in the next few years. It will grow to $72.42 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%.
• Increasing Adoption Of Hybrid Vehicles Drives Growth In The Automotive Engine Management System Market
• Automotive Engine Management Systems Market Integrates Advanced BAP Sensors For Enhanced Performance And Efficiency
• Asia-Pacific was the largest region in the automotive engine management systems market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=17076&type=smp
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ"
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=17076&type=smp
According to The Business Research Company's, The automotive engine management system market size has grown steadily in recent years. It will grow from $57.90 billion in 2023 to $60.39 billion in 2024 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to stricter emission regulations, rising fuel prices, increasing demand for fuel-efficient vehicles, growth in the automotive industry, and a rise in hybrid and electric vehicles.
The automotive engine management system market size is expected to see steady growth in the next few years. It will grow to $72.42 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to continued emission regulation tightening, growth in electric and hybrid vehicle markets, increased focus on fuel economy, rising consumer awareness of environmental issues, and government policies supporting green technologies. Major trends in the forecast period include integration with autonomous driving technologies, enhanced vehicle-to-everything (V2X) communication, the growth of AI and machine learning applications, increased adoption of smart sensors, and advancements in predictive maintenance.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/automotive-engine-management-system-global-market-report
Market Drivers and Trends:
The increasing adoption of hybrid vehicles is expected to propel the growth of the automotive engine management system market going forward. Hybrid vehicles are vehicles that utilize two or more distinct power sources to push themselves. The rise in hybrid vehicle adoption is increasing due to environmental worries, fuel savings, and government incentives. Hybrid vehicles require advanced engine management systems to integrate and control the internal combustion engine and the electric motor seamlessly, optimizing performance and efficiency. For instance, in February 2024, according to the European Automobile Manufacturers Association, a UK-based standards group of the automobile industry, sales of new hybrid-electric cars reached 255,511 units in February 2024, marking a 24.7% increase from February 2023. Therefore, the increasing adoption of hybrid vehicles drives growth in the automotive engine management system market.
Major companies operating in the automotive engine management systems market focus on developing advanced technologies such as barometric air pressure (BAP) sensors to enhance engine performance, optimize fuel efficiency, and improve overall vehicle functionality. Barometric air pressure (BAP) sensors detect atmospheric pressure, which fluctuates based on altitude and weather, and are utilized in numerous applications, such as automotive systems, to provide data for optimal performance by calculating air density and adjusting functions as needed. For instance, in June 2023, Infineon Technologies AG, a Germany-based semiconductor manufacturing company, launched XENSIV barometric air pressure (BAP) sensors, which include the KP464 and KP466. The KP464 is designed for engine control management, measuring atmospheric pressure to optimize the air-fuel mixture. The KP466 is intended for seat comfort, enabling advanced pneumatic seat systems with innovative features and clear technical benefits.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
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.
Automotive Engine Management System Market 2024 Key Insights:
• The automotive engine management system market size is expected to see steady growth in the next few years. It will grow to $72.42 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%.
• Increasing Adoption Of Hybrid Vehicles Drives Growth In The Automotive Engine Management System Market
• Automotive Engine Management Systems Market Integrates Advanced BAP Sensors For Enhanced Performance And Efficiency
• Asia-Pacific was the largest region in the automotive engine management systems market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=17076&type=smp
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ"
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