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Engine Management IC Market – By Type, By Vehicle Type, By Component , By Application, By End User, By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030
Engine Management IC Market Overview:
Engine Management IC Market size is estimated to reach $35 billion by 2030, growing at a CAGR of 5.1% during the forecast period 2024-2030. Increasing demand for fuel-efficient vehicles is driving the demand for Engine Management IC solutions among organizations. This trend is expected to boost the growth of the Engine Management IC Market during the forecast period.
Technological developments in automotive electronics, such as networking capabilities and real-time data processing, boost industry expansion by improving overall vehicle performance. In December 2021, Dover Corp. launched new DMP Magnetostrictive Flex Probe, a fuel management system which offers the precise readings of fuel and other tank liquids. The increasing intricacy of contemporary automotive systems, in conjunction with an emphasis on safety and efficiency, highlights the crucial function of Engine Management ICs in facilitating sophisticated functionalities like as stability control and traction control. These factors positively influence the Engine Management IC industry outlook during the forecast period.
Engine Management IC Market - Report Coverage:
The “Engine Management IC Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Engine Management IC Market.
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By Type |
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By Vehicle Type |
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By Component |
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By Application |
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By End-User |
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By Geography |
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COVID-19 / Ukraine Crisis - Impact Analysis:
The Engine Management Integrated Circuit (IC) market has been severely hit by the COVID-19 pandemic, which has created obstacles and altered the market's growth trajectory. Lockdowns, limitations, and lower customer demand during the pandemic caused production and supply chain activities to be disrupted in the automotive industry, a major user of Engine Management ICs. There was a short drop in car manufacture as a result of several automakers closing their factories, which also reduced the demand for Engine Management ICs. Additionally, the pandemic's effects on the economy resulted in a drop in consumer expenditure on cars, which had an impact on market demand as a whole.
The global market for engine management integrated circuits (ICs) has been negatively impacted by the conflict between Russia and Ukraine Engine Management ICs are widely used by the automotive industry, which depends on a complicated network of suppliers, some of whom may be impacted by the current geopolitical climate. The production and availability of vehicles can be impacted by supply chain disruptions, such as longer component transit times and higher transportation costs, which in turn can have an impact on the demand for Engine Management ICs. Furthermore, consumer confidence and purchasing behavior may be affected by geopolitical tension-related economic anxieties. This could result in variations in automobile sales and, consequently, in the demand for engine management technologies.
Key Takeaways:
Asia-Pacific Region Contributes to the Highest Market Share
Geographically, in the global Engine Management IC market share, Asia-Pacific has highest market share 33% in 2023. Due to the rise in industrial activity, particularly in China and India, the region has seen rapid economic expansion. The regional market is expected to grow further due to the growing demand for consumer electronics, which includes tablets, smartphones, and PCs, among others.
Due to the region's fast industrialization, urbanization, and growing middle class, the automobile sector in Asia-Pacific is among the biggest and most dynamic in the world. The demand for conventional and electric automobiles is rising significantly as the economies of the region's countries continue to expand. In particular, the growing popularity of electric vehicles is pushing improved engine management systems into use, which is driving innovation and technological advancement in the Engine Management IC market.
Electric-Machinery Segment to Register the Fastest Growth
In the Engine Management IC Market analysis, the Electric-Machinery segment is estimated to grow the fastest growth with a CAGR 6.3% during the forecast period as there is a requirement for electronic components to be tiny for them to be dependable, affordable, and small. Due to technological advancements like the integration of microcontrollers, which increases efficiency and power output, as well as improved design features like low noise and vibration levels, high-speed operation, and effective cooling techniques, the size of electric motors has decreased over time.
Advanced engine management systems play a critical role in the Electric Machinery market, enabling maximum performance, energy efficiency, and precise control of many components in electric and hybrid cars. The global drive to reduce carbon emissions and the increasing focus on sustainable transportation make the Electric Machinery segment a crucial catalyst for investment and innovation in the Engine Management IC market.
Automotive Sector is the Fastest Growing Segment in the Market
According to the Engine Management IC Market forecast, the Automotive sector is estimated to register the fastest growth with CAGR of 7.1% during the forecast period due to the rising demand for automobiles with improved efficiency and safety features. Body electronics, powertrain electronics, chassis & safety systems, and engine & drivetrain are further categories under automation. Additional uses include industrial gear and consumer items like refrigerators and washing machines, among others.
Advanced Engine Management ICs are in high demand because of the automotive industry's constant technical developments and its unwavering quest for improved fuel efficiency, emissions control, and overall vehicle performance. Precise control over critical engine characteristics including fuel injection, ignition timing, and emission control systems is made possible by these ICs. Furthermore, Engine Management ICs play an equally important role in controlling electric powertrains, guaranteeing effective energy conversion, battery management, and motor control, as the automobile industry adopts electric and hybrid technologies.
Rising Demand for Fuel Efficiency
There is an increasing need for Engine Management ICs, which increase the efficiency of combustion engines, as environmental sustainability and fuel efficiency become more and more important. By carefully regulating variables like ignition timing and air-fuel ratio, these ICs help to increase fuel efficiency. By improving the burning process, precisely regulating air-fuel ratios, ignition timing, and other crucial parameters, Engine Management ICs are essential to reaching this goal. The demand for improved engine management systems is increasing as vehicles with lower carbon footprints and higher mileage are prioritized by both automakers and consumers. By enabling manufacturers to employ advanced techniques like variable valve timing, direct fuel injection, and cylinder removal, these integrated circuits (ICs) help improve fuel efficiency.
Advancements in Automotive Electronics
Automotive electronics, such as Engine Control Units (ECUs) driven by sophisticated Engine Management ICs, are always evolving to improve the overall efficiency and performance of automobiles. The market is growing because of innovations including sensor integration, real-time data processing, and networking features. Furthermore, Engine Management ICs are essential for enabling technologies like adaptive cruise control, over-the-air updates, and advanced driver assistance systems (ADAS) as cars become connected and smart platforms. The market for engine management integrated circuits (ICs) and improvements in automotive electronics are mutually reliant, highlighting the critical role that ICs will play in influencing automotive technology in the future and propelling performance, efficiency, and the general evolution of the modern car. The growth of the Engine Management Integrated Circuit (IC) market is significantly driven by ongoing advancements in automotive electronics.
Increasing Complexity of Automotive Systems restrains the growth of the Engine Management IC Market
Complex engine systems included in modern cars require complex Engine Management ICs for accurate control. Manufacturers have a hurdle in the intricate process of designing and integrating these integrated circuits (ICs) to suit the constantly changing demands of technology. The need for complex Engine Management ICs increases as cars develop to include more sophisticated features and technologies. A major obstacle is the complexity of creating and integrating these ICs to meet the changing needs of intricate engine systems.
The growing complexity of automotive systems presents a number of problems that call for constant innovation, industry stakeholder collaboration, and a proactive strategy to stay ahead of technical improvements. Manufacturers of engine management integrated circuits (ICs) must make research and development investments to produce solutions that not only satisfy market needs but also offer the adaptability and flexibility required to negotiate the changing terrain of contemporary automobile systems.
Engine Management IC Market Share (%) By Region, 2023
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Key Market Players:
Product/Service launches, approvals, patents and events, acquisitions, partnerships, and collaborations are key strategies adopted by players in the Engine Management IC Market. The top 10 companies in this industry are listed below:
1. Infineon Technologies (TLE8888QK, TLE8080EM)
2. STMicroelectronics (L9177, L9177A)
3. NXP Semiconductors (NXP® MC33810) 4. Bosch Semiconductors (CY329)
5. Rohm (linear regulators, switching and voltage regulators)
6. Texas Instruments Inc. (RGB LED driver, USB Type-C & USB Power Delivery ICs)
7. Toshiba (LDO Regulators, Load Switch ICs)
8. Renesas Electronics Corp. (RAJ306001, RAJ306010)
9. DigiKey (LTC3589 Power Management IC) 10. Mellanox (SwitchX® EN SwitchX)
Scope of Report:
| Report Metric | Details |
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Base Year Considered |
2023 |
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Forecast Period |
2024–2030 |
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CAGR |
5.1% |
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Market Size in 2030 |
$35 billion |
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Segments Covered |
Type, Vehicle Type, Component, Application, End-User and Region |
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Geographies Covered |
North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa). |
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Key Market Players |
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1. Engine Management IC Market - Overview
1.1. Definitions and Scope
2. Engine Management IC Market - Executive Summary
3. Engine Management IC Market - Comparative Analysis
3.1. Company Benchmarking - Key Companies
3.2. Global Financial Analysis - Key Companies
3.3. Market Share Analysis - Key Companies
3.4. Patent Analysis
3.5. Pricing Analysis
4. Engine Management IC Market - Start-up Companies Scenario
4.1. Key Start-up Company Analysis by
4.1.1. Investment
4.1.2. Revenue
4.1.3. Venture Capital and Funding Scenario
5. Engine Management IC Market – Market Entry Scenario Premium
5.1. Regulatory Framework Overview
5.2. New Business and Ease of Doing Business Index
5.3. Case Studies of Successful Ventures
6. Engine Management IC Market - Forces
6.1. Market Drivers
6.2. Market Constraints
6.3. Market Challenges
6.4. Porter's Five Force Model
6.4.1. Bargaining Power of Suppliers
6.4.2. Bargaining Powers of Customers
6.4.3. Threat of New Entrants
6.4.4. Rivalry Among Existing Players
6.4.5. Threat of Substitutes
7. Engine Management IC Market – Strategic Analysis
7.1. Value Chain Analysis
7.2. Opportunities Analysis
7.3. Market Life Cycle
8. Engine Management IC Market – by Type (Market Size – $Million/$Billion)
8.1. Electric Machinery
8.2. Internal-Combustion Engine
8.3. Hybrid
9. Engine Management IC Market – by Vehicle Type (Market Size – $Million/$Billion)
9.1. Passenger Cars
9.2. Commercial Vehicles
9.3. Two-Wheelers
10. Engine Management IC Market – by Component (Market Size – $Million/$Billion)
10.1. Microcontroller
10.2. Power IC
10.3. Analog & Mixed Signal IC
10.4. Wireless IC
10.5. Others
11. Engine Management IC Market – by Vehicle Type (Market Size – $Million/$Billion)
11.1. Automation
11.2. Automotive
11.3. Consumer
11.4. Aerospace
11.5. Marine
11.6. Industrial
11.7. Others
12. Engine Management IC Market – by End User (Market Size – $Million/$Billion)
12.1. Automotive OEMs
12.2. Independent Garages and Workshops
13. Engine Management IC Market – by Geography (Market Size – $Million/$Billion)
13.1. North America
13.1.1. The U.S.
13.1.2. Canada
13.1.3. Mexico
13.2. Europe
13.2.1. UK
13.2.2. Germany
13.2.3. France
13.2.4. Italy
13.2.5. Spain
13.2.6. Russia
13.2.7. Rest of Europe
13.3. Asia-Pacific
13.3.1. China
13.3.2. India
13.3.3. Japan
13.3.4. South Korea
13.3.5. Australia & New Zealand
13.3.6. Rest of Asia-Pacific
13.4. South America
13.4.1. Brazil
13.4.2. Argentina
13.4.3. Chile
13.4.4. Colombia
13.4.5. Rest of South America
13.5. Rest of the World
13.5.1. Middle East
13.5.2. Africa
14. Engine Management IC Market – Entropy
15. Engine Management IC Market – Industry/Segment Competition Landscape
15.1. Market Share Analysis
15.1.1. Market Share by Product Type – Key Companies
15.1.2. Market Share by Region – Key Companies
15.1.3. Market Share by Country – Key Companies
15.2. Competition Matrix
15.3. Best Practices for Companies
16. Engine Management IC Market – Key Company List by Country Premium
17. Engine Management IC Market - Company Analysis
17.1. Infineon Technologies
17.2. STMicroelectronics
17.3. NXP Semiconductors
17.4. Bosch Semiconductors
17.5. Rohm
17.6. Texas Instruments Inc.
17.7. Toshiba
17.8. Renesas Electronics Corp.
17.9. DigiKey
17.10. Mellanox
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The Engine Management IC Market is projected to grow at 5.1% CAGR during the forecast period 2024-2030.
Global Engine Management IC Market size is estimated to be $22 billion in 2023 and is projected to reach $35 billion by 2030.
The leading players in the Engine Management IC Market are Infineon Technologies, STMicroelectronics, NXP Semiconductors, Bosch Semiconductors, Rohm and others.
Electrification of Vehicles, Integration of Advanced Sensors and Connectivity and Focus on Fuel Efficiency and Emission Control are some of the major Engine Management IC Market trends in the industry which will create growth opportunities for the market during the forecast period.
Rising Demand for Fuel Efficiency and advancements in Automotive Electronics are the driving factors of the market.