Automotive Engine Management System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021
Albany, NY -- (SBWIRE) -- 06/23/2015 -- According to a new market report published by Transparency Market Research Automotive Engine Management System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2021," the market was valued at USD 145.13 billion in 2014, which is expected to reach USD 210.60 billion by 2021, growing at a CAGR of 5.5% from 2015 to 2021.Increasing GDP and technological up gradation are the major drivers for the rise in demand for automotive engine management system market globally. Based on the types of engine, the global automotive engine management system market is segmented into gasoline and diesel. Further, by types of vehicle, the automotive engine management system market has been segmented into passenger car, LCV and HCV.
Gasoline engine held the largest market share in the automotive engine management system market followed by diesel engine. The low maintenance and better fuel combustion drives the gasoline engine market. By vehicle types, the passenger car segment held the maximum market share. Increasing GDP and per capita income in Asia Pacific are driving the automotive industry. China and India are the prime markets for passenger cars in Asia Pacific. In addition, government norms and regulations implemented for reducing environmental pollution are expected to increase demand for the automotive engine management system during the forecast period.
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In 2014, Europe dominated the market share of the automotive engine management system market. The presence of OEM's such as Mercedes Benz, BMW and Volkswagen among others in Europe is driving the market as it creates a substantial demand for premium passenger cars. However, Asia Pacific is one of the attractive markets due to increasing disposable income. Moreover, government norms and regulations for controlling environmental pollution are also driving the growth of the automotive engine management system market in this region.
Robert Bosch GmbH, Continental AG. Delphi Automotive PLC, Denso Corporation, Hitachi Automotive Systems Ltd., Infineon Technologies AG, Sensata Technologies and BorgWarner Inc are among some of the key players in the automotive engine management system market. The market has been segmented as follows:
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Global Automotive Engine Management System Market: By geography
Rest of the World
The report provides a cross-sectional analysis of all the below segments with respect to the above mentioned regions.
Global Automotive Engine Management System Market: By Engine Type
Global Automotive Engine Management System Market: By Vehicle Type
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