ALBANY, New York, October 15, 2015 /PRNewswire/ --
According to a recently published market study by Transparency Market Research (TMR), the global automotive engine management system market is expected to register a 5.50% CAGR from 2015 to 2021. The report, titled "Automotive Engine Management System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021," states that the global automotive engine management system market, which stood at US$145.1 bn in 2014, is expected to be worth US$210.6 bn by 2021.
Full Research Report on Global Automotive Engine Management System Market with detailed figures and segmentation at: http://www.transparencymarketresearch.com/automotive-engine-management-systems-market.html
The research report presents an in-depth analysis of the automotive engine management system market from a global standpoint and provides revenue estimates in US$ bn for the period 2015 to 2021. Moreover, the automotive engine management system market is analyzed with respect to the different dimensions that will have an impact on the course of this market for the forecast period. These include market drivers, restraints, and trends that will have a bearing on this market from 2015 to 2021.
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Automotive engine management systems are an indispensable part of passenger cars, HCV, and LCV. This is because engine management systems in automobiles receive valuable information from the ECU, fuel pumps, and engine sensors and control the engine accordingly. Currently, the automotive industry is one of the fastest growing sectors, and has immense opportunities for technologically upgraded vehicles that are high on fuel efficiency and low on carbon emissions. Thus, the demand for efficient automotive engine management systems has been on the rise over the past few years.
By engine type, the global market for automotive engine management system is segmented into gasoline and diesel. Currently, gasoline-run engines account for the larger share of the overall market for automotive engineering management system. This is mainly due to the low maintenance and superior fuel combustion of gasoline engines. On the basis of vehicle type, passenger car, HCV, and LCV are the three segments that are examined in the report on the automotive engine management system market.
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On the basis of geography, in 2014, Europe held the largest share of the automotive engine management system market. This is mainly attributed to the fact that Europe is a long-established automobile manufacturing region, which has the presence of original equipment manufacturers (OEMs) such as Mercedes Benz, Volkswagen, and BMW among others. This has been an important reason for the substantial demand for passenger cars, which in turn benefits the automotive engine management system market.
However, in the coming years Asia Pacific will emerge as an important market for automotive engine management systems. Continued economic growth in some of the countries in the region has strengthened purchasing power, thereby leading to higher consumer spending on automobiles and other ancillary merchandise. In addition to this, government mandates in place for controlling environmental pollution have been favorable for the growth of the automotive engine management system market in Asia Pacific.Some of the major companies operating in the global automotive engine management system market are Robert Bosch GmbH, Delphi Automotive PLC, Hitachi Automotive Systems Ltd., Sensata Technologies, Continental AG, Denso Corporation, Infineon Technologies AG, and BorgWarner Inc.
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The global automotive engine management system market has been segmented as follows:
Global Automotive Engine Management System Market: By Geography
- North America
- Asia Pacific
- Rest of the World
Global Automotive Engine Management System Market: By Engine Type
Global Automotive Engine Management System Market: By Vehicle Type
- Passenger car
Other Research Reports by Transparency Market Research:
- Automotive Catalytic Converter Market: http://www.transparencymarketresearch.com/automotive-catalytic-converter-market.html
- Automotive Steering Systems Market: http://www.transparencymarketresearch.com/automotive-steering-systems-market.html
- Automotive Crankshaft Market: http://www.transparencymarketresearch.com/automotive-crankshaft-market.html
- Automotive Chassis Systems Market: http://www.transparencymarketresearch.com/automotive-chassis-systems-market.html
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.
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SOURCE Transparency Market Research