The global automotive engine management systems market to grow at a CAGR of 4.68% during the period 2017-2021.
Global Automotive Engine Management Systems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is EMS for natural gas engine applications. A highly configurable system, specifically developed for natural gas engine applications, has been developed that can be integrated with a wide range of engine components for flexible vehicle design and production. The system has unique engine control strategy with compatible and cost-effective design and natural gas components. Natural gas components, such as electronic control unit (ECU) and spark plugs, have been fully validated for the application and manufactured as per the automotive safety standards, which results in high levels of reliability and low cost.
According to the report, one of the major drivers for this market is EMS enables better fuel efficiency and more power. Research and development in the field of automotive subsystem has led to more efficient designs of automotive engine components. An engine forms the heart of a vehicle, and therefore, it has gone through some major developments and improvements over the years, with the engine management system being one of the major developments.
Further, the report states that one of the major factors hindering the growth of this market is High development cost pressure on automotive OEMs. Auto OEMs are subject to heavy cost pressures due to the dynamism in the regulatory environment and demanding consumer base. Environment and safety standards are pushing OEMs to find means to comply with upcoming regulations, while not adding extra costs to the consumer. Controlling emissions are bound to increase the cost of the vehicle.