Automotive Engine Control IC Market was valued at USD 3.5 Billion in 2022 and is projected to reach USD 6.1 Billion by 2030, growing at a CAGR of 7.8% from 2024 to 2030.
Looking ahead, the demand for automotive engine control ICs is expected to rise significantly from 2023 to 2033. This increase is driven by a variety of factors, including the continued growth of electric and autonomous vehicles, stricter environmental regulations, and increasing consumer demand for enhanced vehicle performance and safety features. The rapid advancements in autonomous driving technologies will require increasingly sophisticated control systems to manage complex interactions between the engine, electric motors, and other vehicle components. Furthermore, as automotive manufacturers continue to focus on reducing the carbon footprint of their products, the integration of advanced engine control technologies is expected to become more widespread.
The market for automotive engine control ICs will also benefit from the rising popularity of connected vehicles, which rely heavily on integrated control systems to monitor engine functions and communicate with cloud-based services for real-time diagnostics and updates. Additionally, the growing trend of vehicle electrification is expected to drive demand for specialized ICs that can efficiently manage power distribution, regenerative braking, and charging systems. As automotive technologies evolve, automotive engine control ICs will become increasingly integral to ensuring the performance, safety, and environmental sustainability of future vehicles.
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The automotive industry has experienced a major shift in recent years, with a growing demand for sophisticated electronic components, including Automotive Engine Control ICs (Integrated Circuits). Between 2018 and 2022, the market for automotive engine control ICs saw steady growth, driven by advancements in automotive technologies such as electric vehicles (EVs), advanced driver-assistance systems (ADAS), and rising fuel efficiency standards. These ICs play a crucial role in managing engine functions, optimizing performance, and ensuring compliance with stringent emissions regulations. As a result, the demand for engine control ICs increased in tandem with the evolution of the automotive sector.
During this period, the market was largely influenced by the increasing adoption of electric vehicles and hybrid vehicles, which require specialized engine control systems to optimize battery usage, manage regenerative braking, and regulate powertrain components. The automotive sector also experienced rising demand for fuel-efficient engines and emissions-reduction technologies, further boosting the need for automotive engine control ICs. These ICs facilitated innovations in engine management, enabling better fuel efficiency, enhanced power output, and reduced carbon emissions.
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NXP
STMicroelectronics
Bosch
Analog Devices
Allegro MicroSystems
HyundaiMobis
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Automotive Engine Control IC Market
Commercial Vehicles
Residential Vehicles
Based on Types the Market is categorized into Below types that held the largest Automotive Engine Control IC market share In 2023.
36 V
40 V
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Automotive Engine Control IC Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automotive Engine Control IC Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive Engine Control IC Market, By Type
6. Global Automotive Engine Control IC Market, By Application
7. Global Automotive Engine Control IC Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Automotive Engine Control IC Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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