Gasoline Engine Control Systems Market Size, Trends & Growth Outlook to 2025
As per credible estimates, gasoline engine control systems industry is poised to acquire notable gains by the year 2025. Rising disposable income and evolving consumer lifestyle have enhanced the demand for premium vehicles, thereby boosting the production across automotive industry. This factor along with strict government regulations pertaining to vehicle emission control is driving the growth of the gasoline engine control systems industry. The system offers various benefits such as low noise & vibration, low pollution, drivability, high power, compact & lightweight, durability, reliability, low fuel consumption, and affordability. Rising concerns regarding pollution levels and growing inclination towards the adoption of sustainable practices are facilitating the market expansion.
Inflating fuel prices are fostering the demand for gasoline engine control systems across the globe. Technological advancements have facilitated the development of engine management systems with numerous sensors which detect the operating conditions of the engine. The system processes information acquired by these sensors to analyze the best operating conditions of the engine, which further facilitates in increasing engine efficiency and reducing fuel consumption.
As per product type, global gasoline engine control systems industry is categorized into 64-Bit ECU, 32-Bit ECU, and 16-Bit ECU. The 64-Bit ECU segment is expected to register significant growth during the forecast period. These units provide more information regarding the engine operations and conditions as compared to its counterparts. It is efficient and have higher data processing capabilities. 64-Bit ECU is extensively used in premium vehicles which have features like lane management system, traffic control system, and ADAS. Thus, increasing sales of high-end vehicles coupled with strict regulations regarding vehicular emissions are contributing towards the product adoption.
Based on the application spectrum, the market is classified into ADAS & safety system, infotainment & communication system, body control & comfort system, and powertrain system. The ADAS & safety system applications segment is presumed to expand decently during the estimated timeframe. Increasing awareness pertaining to the benefits of advanced driver assist systems (ADAS) along with strict federal reforms regarding the vehicle safety are facilitating the business scenario.
Considering the geographical landscape, global gasoline engine control systems industry is divided into Europe, North America, South America, Middle East & Africa, and Asia-Pacific. The gasoline engine control systems industry in North America is expected to amplify in the forthcoming years. Favorable government initiatives towards improving vehicle safety, rising integration of advanced technologies in vehicles, and growing demand for fuel-efficient automobiles are augmenting the product adoption across North America.
ZF, Xilinx, Hyundai Mobis, DENSO, Delphi, Valeo, Autoliv, HELLA, Continental, Magneti Marelli, Hitachi and Bosch are the main contenders functioning in the global gasoline engine control systems industry. These industry behemoths are emphasizing on diversifying their product portfolio to enhance their consumer base across the globe.