Global Over The Air Engine Control Module Market is valued approximately at USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2029. Over The Air Engine Control Module controls vehicle and engine operations such as ignition timing, emissions monitoring, fuel pump operation, ABS controls, engine cooling and fuel mixture etc. It has major advantages across Passenger Vehicles, Commercial Vehicles, Heavy Trucks and Busses. The Over the Air Engine Control Module market is expanding because of factors such as rising adoption of connected vehicle technologies and stringent regulations towards safety in the forecast period.
According to Statista in 2022, the overall installed base of IoT connected devices globally is anticipated to reach around 30.9 billion units by 2025. Also in 2021, it was around 1.38 billion units. Thus, with the rising adoption of connected devices, the market is expected to grow in the forecast years. According to the United Nations in 2020, the general assembly of the UN introduced United Nations Road Safety Strategy to minimize road accidents. This action plan includes five activities pillars Road Safety Management, safer road and Mobility, Safer vehicles, Safer road users, and Post-Crash response, etc. Whereas, rising public and government awareness towards carbon emissions and technological advancement and initiatives by market players create lucrative opportunities for the market. However, higher cost hampers the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Over The Air Engine Control Module Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. The North America dominates the market with highest revenue, owing to the increasing adoption of connected devices, rising public awareness towards low carbon emissions. Whereas the North America is expected to grow significantly during the forecast period, owing to factors such as increasing R&D activities by market players, growing investment and stringent government regulation towards public safety and carbon emissions in the forecast period.
Major market players included in this report are:
Red Bend Software-Harman
Cypress Semiconductor Corporation
Recent Developments in the Market:
In Apr 2019 -
Global Over The Air Engine Control Module Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Connectivity, Bandwidth, Vehicle, Sales Channel, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Controller Area Network (CAN)
Local Internet Network (LIN)
Heavy Trucks and Busses
By Sales Channel:
Original Equipment Manufacturer (OEM)
Rest of the World