Automotive engine management system: The market size, in terms of value, is projected to grow at a promising CAGR of 8.09% to reach $197 billion by 2019.
Dallas, TX -- (SBWIRE) -- 01/16/2015 -- The report, "Automotive Engine Management System Market by Vehicle Type (Passenger car, LCV, & HCV), Engine Type (Gasoline & Diesel), Components (ECU, Sensors- Pressure, Temperature, Speed, Position/Level, O2/NOX, & Knock), & Region - Industry Trends & Forecast to 2019", classifies and defines the automotive engine management system market, in terms of volume and value. The report highlights potential growth opportunities in the coming years and covers a review of the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape, and other key aspects with respect to the automotive engine management system market.
Browse 78 market data tables and 50 figures spread through 210 pages and in-depth TOC on "Automotive Engine Management System Market - Industry Trends & Forecast to 2019"
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North America: Fastest growing market for automotive engine management system between 2014 and 2019
The North American region includes countries such as the U.S., Canada, and Mexico. Increasing NOx levels in the environment, stringent fuel emission norms, demand for higher fuel efficiency, and also the need for better performing vehicles, are the factors driving the demand for automotive engine management system in this region. The need for the improved and quicker feedback from the engine for response to the actuators and motors is also one of the key reasons for an increase in demand of technologically advanced engine management system. Engine management component manufacturers such as Robert Bosch GmbH (Germany), Continental AG (Germany), and Delphi Automotive plc (U.K.) are some of the dominant players in this region, holding majority of the market. These manufacturers are anticipated to drive the demand for automotive engine management system in North American region.
Asia-Oceania & Europe: Gaining consumer acceptance in advanced engine management system
In 2009, Europe experienced an economic downturn that affected many sectors within the region, especially the automotive industry. However, it has been recovering well from the crisis. The automotive engine management system market is projected to record a stable growth rate during the period under study. Following the technological advantage that Europe offers, new and advanced technologies are well-accepted in its local markets. The factors such as promotion of green vehicles, stringent fuel emission and economy norms, and increasing concerns regarding global warming are responsible for the region to become a testing ground for new and advanced automotive engine management system and is home to a number of engine management system/component manufacturers such as Continental AG (Germany), Hella KGaA Hueck & Co (Germany), and Robert Bosch GmbH (Germany).
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Asia-Oceania region is also projected to show a favorable growth because of the high vehicle production volume, and the growing need for better performing and high fuel-efficient vehicles. The changing emission norms in the region, followed by growing acceptance among the consumers of technologically advanced systems, is also a reason for the growth of engine management system in the region. It boasts of some of the major engine management system manufacturers including Denso Corporation (Japan), Hitachi Ltd. (Japan), NGK Spark Plug Co. Ltd. (Japan), and Mitsubishi Electric (Japan).
This report covers the automotive engine management system in terms of volume and value. The volume of the market is provided in terms of thousand units, whereas market size in terms of value, from 2012–2019, is provided in terms of $million. The automotive engine management market is broadly classified into gasoline and diesel segments, which have been further sub-divided into different components such as ECU, pressure sensors, position/level sensors, temperature sensors, O2/NOx sensors, speed sensors, and knock sensor focusing on region (Asia-Oceania, Europe, North America, and RoW), and vehicle type (Passenger car, LCV, and HCV) markets.
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