Automotive Engine Management System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021
Albany, NY -- (SBWIRE) -- 07/11/2017 -- 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.
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An automotive engine management system is composed of the electronic systems and electrical components that manage the entire engine operation from ignition to fuel delivery and emission control. The major components of an engine management system include engine control unit (ECU), engine sensors, fuel pump and other engine components. The proper functioning of an engine management system ensures maximum engine power with lowest emission and reduced fuel consumption. Based on engine type, engine management systems can be segmented into gasoline engine and diesel engine. Based on vehicle type, the engine management system market can be further segmented into passenger cars, LCV and HCV. Passenger cars held the largest share in 2014 due to the steady growth in sales and growing trend of buying cars in Asia Pacific. Gasoline engine dominates the global engine management system market compared to diesel engine. Rest of the world region is a very attractive market for automotive engine management systems with a substantial demand for automotives in countries like Saudi Arabia and UAE owing to the huge disposable income and steady growth in economy. Lower price of fuel in the region is also another reason for the growing demand for automotive engine management systems.
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.
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New technology and upgradation of existing technology are the prime drivers of the global automotive engine management system market. New sensors are being fitted in engine management systems for better performance of engines. Upgraded engine control units (ECU) lowers emission and delivers more power to automotives. Carburetors are being replaced by fuel injection systems which are more advanced and provide more fuel efficiency. Thus newer technology in engine management systems is a key driver of the market globally. The global automotive engine management system market is growing at a steady pace due to increase in automobile demand across the globe. The demand for cleaner and more fuel efficient engines is driving the market of engine management systems. Upgradation from two strokes to four stroke engines is another factor driving the market in Asia Pacific and Rest of the World. Increase in disposable income and steady growth in the global economy is also propelling the demand. 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.