Global Automotive Engine Management Systems Market to Reach US$210.6 bn by 2021; Europe to Emerge as Market Leader

Stringent fuel economy standards and the rising demand for technologically advanced engine management systems are the key factors aiding the expansion of the market for automotive engine management systems. In a recently published report, titled “Automotive Engine Management System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021,” Transparency Market Research studies the growth trajectory exhibited by the global automotive engine management system market in detail. The report also analyzes the factors driving and restraining the market.

The report forecasts the global market for automotive engine management system to expand at a steady CAGR of 5.5% between 2015 and 2021. The market stood at US$145.1 bn in 2014 and is anticipated to reach a valuation of US$210.6 bn by the end of 2021.

An automotive engine management system makes for one of the most integral parts in any vehicle. This system enables the vehicle to function efficiently and run smoothly on the road without any trouble. The system comprises an engine control unit (ECU), engine sensors, fuel pump, and various other components that help in transmitting data about the engine’s behavior to the engine management system. The emission, fuel efficiency, and the overall performance of every vehicle depend on the automotive engine management system.

Currently, the world recognizes the automotive industry as one of the fastest growing domains exhibiting immense opportunities for technologically upgrading vehicles for gaining better fuel efficiency and overall performance. Hence, with the advent of the latest technologies, the global automotive engine system market is poised to surge exponentially. The system is also considered indispensable for HCV, LCV, and passenger cars. Additionally, the rising disposable income of customers will allow them to spend on high-end models of cars and commercial vehicles, which will in turn fuel the demand for automotive engine management systems.

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Based on engine type, the global automotive engine management system market is bifurcated into diesel and gasoline. Of these, gasoline-run engines currently hold the largest share in the market. The dominance of this segment is mainly due to its superior fuel combustion and low maintenance needs. Based on vehicle type, the global automotive engine management system market is segmented into HCV, LCV, and passenger cars.

Regionally, the global market for automotive engine management systems was led by Europe in 2014. The presence of long-established original equipment manufacturers (OEMs) such as Mercedes Benz, BMW, and Volkswagen in the region aids the robust growth of the automotive engine management system market in the region. Asia Pacific is also expected to emerge as a lucrative market for automotive engine management systems with rapid expansion of the automotive industry in the developing nations in the region.

To provide a comprehensive overview of the competitive landscape, the report profiles companies such as Robert Bosch GmbH, Hitachi Automotive Systems Ltd., Delphi Automotive PLC, Denso Corporation, Sensata Technologies, Infineon Technologies AG, Continental AG, and BorgWarner Inc. The strengths and weaknesses of these companies are studied, and the threats and opportunities that they are anticipated to witness in forthcoming years are analyzed in detail.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Global Automotive Electronics Control Unit Management (ECU/ECM) Market to Exhibit 6.3% CAGR 2014-2020 owing to Rise in Number of Autonomous Cars

A recent market research report published by Transparency Market Research states that the global automotive electronics control unit management market is anticipated to expand at a CAGR of 6.3% during the period between 2014 and 2020. The report, titled “Automotive Electronics Control Unit Management (ECU/ECM) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020,” projects the global automotive electronics control unit management market to stand at a valuation of US$43.72 bn by 2020. The overall market was worth US$28.6 bn in 2013.

Automotive electronics control units are widely used across various automobile segments such as commercial vehicles, utility vehicles, and passenger cars. Automotive electronics control unit management is implemented for the operation of various technologies including engine management, transmission control, body control, airbag restraint, and other systems. The ever-growing demand for automotive electronics control unit management from the emerging economies in Asia Pacific has fuelled the growth of the global automotive electronics control unit management market.

The report states that the growing demand for automotive embedded systems and the growing inclination toward a luxurious lifestyle have propelled the growth of the global automotive electronics control unit management market. However, the complexity of the system, coupled with cost pressures might play spoilsport in the growth of the market. The overall market has a huge opportunity to grow with the rise in the number of autonomous cars.

In terms of technology, the report segments the global automotive electronics control unit management market into the following systems: Engine management, transmission control, climate control, anti-lock braking, airbag restraint, power steering, and body control. Power steering dominates the market as the leading technology.

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On the basis of application, the report categorizes the global automotive electronics control unit management market into passenger cars, utility vehicles, and commercial vehicles. Passenger cars dominate the market, followed by commercial and utility vehicles.

The report studies the global automotive electronics control unit management market across four key regions: Europe, North America, Asia Pacific, and Rest of the World. Presently, Europe leads the overall market owing to the established base of the automotive industry in the U.K. and Central Europe. The implementation of strict compliance laws to ensure convenient and safe driving has propelled the growth of the market in Europe. However, during the forecast period, Asia Pacific is anticipated to register strong growth with the automotive industry focusing on building manufacturing facilities in the region.

Describing the competitive landscape, the report profiles some of the Key Players in the global automotive electronics control unit management market such as Denso Corporation, Continental AG, Robert Bosch, Delphi Automotive Plc, General Motors Company, Lear Corporation Hyundai Mobis Co. Ltd., Alps Electric Co. Ltd., Panasonic Corporation, and Hitachi Automotive Systems Ltd. The report also offers insightful details about the market players including their company overview, business strategies, financial overview, and recent developments.

About Us :

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Hospitality, Residential, and Retail Sector Emerges as Leading End User of IBMS

The objective of the Intelligent Buildings Management Systems (IBMS) is to centralize the monitoring, control operations, efficient management of facilities within the building. These systems helps to achieve more efficient building operations at reduced energy and labor costs while providing a safe and quality working environment to the occupants. The IBMS products are designed to facilitate ease of access, reduce man power and control the all the appliances in a single or multiple rooms.

The IBMS market in India is fueled by growth of automation in the country, development of green infrastructure, booming hospitality sector, technological advancement, and economic growth. However, lack of skilled labor is projected to hamper the development of the IBMS market in India.On the basis of product, the IBMS market in India is segmented into communication systems, access controls, entertainment controls, general lighting controls, security controls, HVAC controls, outdoor controls, and others. Valued at US$291.3 mn in 2014, security controls dominated the IBMS market in India. This product segment is anticipated to maintain its leading position through 2021, fueled by surging demand for PIR sensors, CCTV cameras and others needed in the safety of the country and its people.

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The IBMS market in India is categorized into several application segments: life science, hospitality, residential, and retail, centers of education and learning, office spaces, energy and infrastructure, and manufacturing. Generating a revenue of US$185.1 mn in 2014, the segment of hospitality, residential, and retail dominated the IBMS market. The growth in this sector can be attributed to rising demand for IBMS in applications such as general lighting control, access control systems, entertainment control systems, and security systems in hotels, retail stores, and residential buildings across the country.

By geography, the India IBMS market is divided into North India, South India, East India, and West India. In 2014, South India held the largest share of the overall IBMS market, accounting for a share of over 30.0%. Driven by growing application of IBMS in the reduction of energy consumption and operating expenditure, high disposable income of the people, well-established hotel and hospitality industry, and high degree of industrialization, South India is anticipated to retain its lead throughout the forecast period, expanding from its revenue share of US$296.4 mn in 2014. East India, on the other hand, will emerge as the most rapidly developing IBMS market by 2021, fueled by rising construction in the region and increasing number of new manufacturers.

The top companies competing in the India IBMS market include Cisco Systems, Inc., ABB India Ltd., ADT Corporation India, Crestron Electronics India Pvt. Ltd., Honeywell Automation India Ltd., Control4 Corporation, Schneider Electric India Pvt. Ltd., Siemens Building Technology Pvt. Ltd., Legrand Pvt. Ltd., and Johnson Controls (India) Pvt. Ltd.

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.