Automotive Electronic Control Unit Market Forecast, 2016-2024 Automotive ECU Market Forecast, 2016-2024 (New) | Page 3

Power steering system would be the most adopted
technology throughout the forecast period
Power steering system was the leading segment, accounting for
21.1% share of the total market and generating a revenue of
$7.13 billion in 2016. It is anticipated to maintain its dominance
throughout the forecast period. However, engine management
system market is anticipated to witness the highest growth rate
of 7.6% in the near future as a result of ever growing demand of
energy efficient vehicle systems. This because the automotive
electronic control unit controls a series of actuators on an
internal combustion engine in order to ensure optimal engine
performance. The fuel injection system has the major role to
control the engine's fuel supply. AECU determines the amount of
fuel to inject based on a number of sensor readings. AECU also
helps in determining whether the engine is running rich or
3 running lean as compared to ideal conditions.