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.

Manufacturing Execution System (MES) Market is Expected to Reach USD 19,364.7 Million in 2023

According to a new market report published by Transparency Market Research “Manufacturing Execution System (MES) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023,” manufacturing execution system market was valued at USD 7,860.5 Million in 2014; and is expected to reach USD 19,364.7 Million in 2023, growing at a CAGR of 11.1% from 2015 to 2023.

Manufacturing Execution Systems (MES) are integrated software application aimed to provide manufacturing industries with the means to schedule and plan, direct and operate, and track and analyze their operations. Presently, manufacturing industries are experiencing increasing overhead and material costs. In addition, intense economic conditions are compelling manufacturers to surge production in a cost effective way. This in turn is leading to rising need for implementation of industrial control systems aimed to optimize processes and provide better visibility of the shop floor. Need for quicker turnarounds and efficient utilization of resources or inventories is further driving the need for automation in industries. MES solutions offers real-time information of the shop floor, allowing end user industries to quickly response to any challenge that could negatively impact efficiency, productivity and quality. In addition, MES solutions offer uninterrupted visibility into production operations, gaining an overall view of the shop floor. Demand for industrial automation, better visibility of the shop floor and need for real-time control and adjustments to operations is driving the demand for manufacturing execution system (MES).

However, requirement of high initial investment upfront, end user industries are often reluctant to install MES, which in turn is posing as a major factor restraining the market growth. Moreover, rising complexities in manufacturing industries is leading to complexities in installation of MES, further limiting the growth of the MES market. Growth opportunities for key players in the MES market lies in increasing penetration of industrial internet of things (IoT), which in turn is leading to rising demand for next-generation advanced MES solutions across the globe.

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The global manufacturing execution system (MES) market is categorized based on process and discrete industry. Process industry includes oil and gas, chemical, food and beverages, pulp and paper, pharmaceutical, energy and power, water and wastewater treatment and others. Other process industry segment includes textiles, and steel and aluminum. In 2014, oil and gas segment contributed the majority of the global MES market share by process industry in terms of revenue. Based on discrete industry, the global manufacturing execution system (MES) market is segmented into automotive, aerospace and defense, electronics and electrical, medical devices, FMCG, and others. Others segment includes semiconductors, furniture & wood products, and printing and publishing. Amongst discrete industry, automotive segment held the majority of the market share in terms of revenue in 2014. Surge in installation of MES in automotive industry to meet increasing demand for faster time to market is driving the growth of the segment.

Geographically, North America led the manufacturing execution system (MES) market in 2015. Growth in this region is attributed to the rising need for advanced MES in industries aimed at integrating data from ERP and routing the information to plant floor for efficient operation. Europe followed North America and held the second largest market share in terms of revenue in 2014. Asia Pacific region closely followed Europe region and is anticipated to grow at the highest rate during the forecast period.

Key players have also been profiled on the basis of company overview, financial overview, business strategies and recent developments in the field of manufacturing execution system (MES) industry. Major market participants profiled in this report include ABB Ltd. (Switzerland), Schneider Electric S.E. (France), Rockwell Automation, Inc. (U.S.), Emersion Electric Co. (U.S.), General Electric Co. (U.S.), and SAP SE (Germany) among others.

The report studies the global manufacturing execution system (MES) market, and provides estimates in terms of revenue (USD Million) from 2015 to 2023. Market estimates on the basis of process industry, and discrete industry for each region.

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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.

Collision Avoidance System Market - Global Industry Analysis, Growth, Trends and Forecast 2023

Collision avoidance systems are safety systems which are used for reducing severity of an accident. These systems are mostly implemented in automotive, construction and mining sectors among others. Collision avoidance system uses laser, camera, radars, LIDAR and sensors to detect a forthcoming crash and alerts the driver about an imminent collision. Sometimes, it automatically takes the action without input of the driver. Collision avoidance systems are incorporated within cars by major automobile manufacturers worldwide, such as Audi, BMW, Cadillac, Fiat, Hyundai, Mitsubishi, Nissan, Toyota, Volkswagen, Mercedes-Benz, Ford, Honda and General Motors among others.

Some of the key driving factors for the global collision avoidance system market is increasing awareness among consumers and original equipment manufacturers for vehicle safety. Moreover, rising government regulations coupled with development of advanced car assessment programs are set to augment the growth of the market for collision avoidance system during the forecast period. In January 2015, the National Highway Traffic Safety Administration of the U.S. announced development of automated emergency braking system into its updated car assessment program in order to avoid or prevent severity of collisions. Moreover, increasing sales of luxury vehicles and sports utility are anticipated to drive the growth of collision avoidance system market. Different geographical drivers are also accountable for the growth of this market. Increasing automotive safety norms in emerging economies, such as Asia Pacific, Middle East and Africa is expected to create significant opportunity for the growth of this market in the future. However, cyclic nature of automotive production and sales is likely to hinder the growth of the market. Moreover, radar and LiDAR based collision avoidance systems are costly and low-priced car manufacturers often avoid addition of these systems into the vehicles, which in turn, is expected to restrain the market growth.

Global collision avoidance system market can be broadly classified on the basis of type, technology, application and geography. The market can be subdivided by type into adaptive cruise control, lane departure warning, blind spot detection, night vision, autonomous emergency braking, driver monitoring system and others. By technology, the market for collision avoidance system has been segmented into LiDAR, radar, ultrasonic and camera. The market can be bifurcated by application into automotive, airborne, construction, marine and rail. By geography, the global collision avoidance system market has been classified into North America, Europe, Asia Pacific and Rest of the World.

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In the present scenario, the collision avoidance system market is dominated by Europe in terms of revenue, followed by North America and Asia-Pacific. The major factor responsible for potential development of this market in Europe is growing awareness for safety features within vehicles and immense advancement of automotive sector. However, Asia Pacific is likely to witness potential growth in the future, mainly due to increasing government regulations regarding installation of collision avoidance systems.

Some of the Top Players in the market for collision avoidance system are Honeywell International, Inc. (U.S.), Robert Bosch GmbH (Germany), General Electric Company (U.S.), Siemens AG (Germany), Alstom SA (France), Rockwell Collins, Inc. (U.S.), Hexagon AB (Sweden), Becker Mining Systems AG (Germany), Wabtec Corporation (U.S.) and Denso Corporation (Japan) among others.

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.