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A recent report published by Infinium Global Research on automotive engine management system market provides in-depth analysis of segments and sub-segments in global as well as regional automotive engine management system market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional automotive engine management system market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global automotive engine management system market. According to the report the global automotive engine management system market is projected to grow at a CAGR of 8.3% over the forecast period of 2018-2024.
An automotive engine is a complex piece of precision precision-built machinery. It provides power to drive the vehicle’s wheels. Furthermore, the engines used in automotive are known as internal combustion engine as the burning of fuels and air takes place inside the system. Moreover, the use of engine management systems has become important as they support various vehicle manufacturers in meeting current and future emission requirements.
New sensors are being used in an engine management system for better performance of the engines expected to the major driving factor for the automotive engine management system. Additionally, regulatory actions around the world have become very strict regarding the Volkswagen emission scandal this, in turn, is this is anticipated to fuel the growth of the automotive engine management market over the forecast period. However, the high cost of engine management due to is likely to restrain the growth of the market. Furthermore, According to OICA, the sales of new vehicles have been increased in 2016 the number of vehicles sold was 9.38 million in 2016 Moreover, the new concept of open engine management system that makes use of EMS3 platform and open electronic software architecture has opened new doors of opportunity for the key players in the automotive engine management system.
Upgraded engine control units limit lower emission and deliver more power to the automotive. Hence, Carburetors are being replaced with fuel injection systems, which are more advanced and provide more fuel efficiency can provide several growth opportunities in the automotive engine management market.
Among the geographies, Asia-Pacific held the largest market in automotive engine management market due to the presence of a huge population with rising disposable income. Furthermore, North America is anticipated to be the largest automotive engine manufacturing around the globe. On the other hand, over a couple of years, the automotive industry is expected to experience a boosting phase in the global market as several new technologies such as ADAS, LiDAR, and powertrain are streaming into the market.
The prominent players in the automotive engine management system market include Continental AG Denso Corporation, Delphi Automotive, Hella KgaA Hueck, Robert Bosch, and Hitachi Automotive Systems. Mercedes-Benz uses under the scanner for emission operation using a cheat software in the engine management system. In addition, these are continuously focusing on improving productivity and efficiency of the company's performance; at the same time, they are concentrating on their cost reduction to improve their profit margins.
The report on global automotive engine management system market covers segments such as engine type and vehicle type. On the basis of engine type, the global automotive engine management system market is categorized into gasoline and diesel. On the basis of vehicle type, the global automotive engine management system market is categorized into passenger cars, light commercial vehicles (LCVs) and heavy commercial vehicles (HCVs).
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global automotive engine management system market such as MBE Systems, Infineon Technology, NGK Spark Plug, Sensata Technologies, Hitachi Automotive Systems, Robert Bosch, Hella KGaA Hueck, Delphi Automotive, DENSO Corporation, and Continental AG.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global automotive engine management system market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of automotive engine management system market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the automotive engine management system market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the automotive engine management system market to understand the present and future trends in this market and formulate their strategies accordingly.
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