According to a
recently published market study by Transparency Market Research
(TMR), the Global
Automotive Engine Management System Market is expected to
register a 5.50% CAGR from 2015 to 2021. The report, titled
“Automotive Engine Management System Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021,”
states that the global automotive engine management system market,
which stood at US$145.1 bn in 2014, is expected to be worth US$210.6
bn by 2021.
The automotive
industry is one of the growing sectors currently and is expected to
show significant growth during the forecast period. The automotive
engine management system market is presently more inclined towards
fuel efficiency. In order to reduce emissions and to manufacture the
vehicles more environmental friendly and technologically upgraded,
the OEM’s are concentrated on developing advanced engine management
system.
Get FREE Sample
PDF file of Automotive Engine Management System Market
The automotive
industry is one of the growing sectors currently and is expected to
show significant growth during the forecast period. The automotive
engine management system market is presently more inclined towards
fuel efficiency. In order to reduce emissions and to manufacture the
vehicles more environmental friendly and technologically upgraded,
the OEM’s are concentrated on developing advanced engine management
system.
Automotive engine
management forms an integral part of any vehicle. It provides proper
functioning of a vehicle and enables it to run smoothly without any
trouble. Automotive engine management system consists of ECU (engine
control unit), fuel pump, engine sensors and other components which
transmits overall engine response to the engine management system.
The fuel economy, emissions and the overall performance of the
vehicle depends on the engine management system.
Browse The Market
Research Report of Automotive Engine Management System Market :
Based on
vehicle type, the market is segmented into passenger car,
LCV, and HCV. Increase in demand for passenger car in Asia Pacific is
one of the major factors boosting the growth of automotive engine
management system. Strict government norms for the environment are
acting as an opportunity to develop more fuel efficient and
environmental friendly automotive engine management system. The
increase in demand for gasoline and diesel provides an opportunity to
develop engine management system which runs on alternative fuel
source.
In addition, the
demand for passenger cars, LCV and HCV are expected to experience
substantial growth due to increase in disposable income and
infrastructural development in countries such as India, China, and
Japan among others.
Key players
profiled in this report include Continental AG, Denso Corporation,
Robert Bosch, Sensata Technologies, Delphi Automotive Plc and Hella
Kgaa Hueck & Co. among others.
Browse All
Consumer Goods Market Research Reports @
About Us :
Transparency Market
Research is a global market intelligence company, providing global
business information reports and services. Our exclusive blend of
quantitative forecasting and trends analysis provides forward-looking
insight for thousands of decision makers. Our experienced team of
Analysts, Researchers, and Consultants, use proprietary data sources
and various tools and techniques to gather, and analyze information.
Our data repository
is continuously updated and revised by a team of research experts, so
that it always reflects the latest trends and information. With a
broad research and analysis capability, Transparency Market Research
employs rigorous primary and secondary research techniques in
developing distinctive data sets and research material for business
reports.
No comments:
Post a Comment