Automotive Engine Management System Market Worth 235.6 USD Billion By 2023

“Automotive Engine Management System Market”
‚ÄčApril. 5, 2018 (NEWS) — Automotive Engine Management System Market Research Report 2018 expands information on Automotive Engine Management System Market By Engine Type (Gasoline and Diesel), By Component (Engine Control Unit (ECU), Engine Sensors, Fuel Pump and Others) By Vehicle Type (Passenger Vehicles and Commercial Vehicles), and by Region (North America, Asia-Pacific, Europe and Rest of the World). The global market of Automotive Engine Management System market will grow at a rapid pace over the forecast pe

Automotive Engine Management System market existing and new players are coming up with Product Launch and Collaboration to stand out in the competition. The global market for automotive engine management system is characterized by the presence of many global, regional, and local vendors. The market is highly competitive with all the players competing to gain market share. Intense competition, rapid advances in technology, and frequent changes in government policies, are the key factors that confront the market growth.

Automotive Engine Management System Market Companies Analyzed in report:

Continental AG (Germany), Denso Corporation (Japan), Delphi Automotive (UK), Hella KgaA Hueck (Germany), Robert Bosch (Germany), Hitachi Automotive Systems (Japan), Sensata Technologies (Netherlands), NGK Spark Plug (Japan), Infineon Technology (Germany) and MBE Systems (UK).

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The vendors with better technical and financial resources can develop innovative products that render the competitors’ products, obsolete and non-competitive, even before they are launched, or costs are recovered. Therefore, vendors have to develop new technologies and stay abreast of emerging technologies that could affect the continuing competitiveness of their product lines in the market. The competitive environment in the market is likely to intensify further due to increase in product/service extensions, technological innovations, and mergers and acquisitions.

In November 2017, the company Continental AG has planned to launch motorized two wheeler that is Air Module Engine Control Unit”. With this component, vehicles will achieve maximum efficiency with minimal dimensions and weight. Also, the smallest of dimensions and high efficiency, offering maximum functionality in the smallest of spaces. This engine management system falls below the Euro 5 emissions standard due in Europe in 2020 as well as the requirements of the global markets.

Market Segmentation:

The global automotive engine management system market segments has been divided into engine type, component, vehicles type and region. On the basis of engine type, the market is segmented into gasoline engine and diesel engine. Gasoline engine is expected to dominate the global market by type in 2016 in terms of market revenue. On the basis of components, the market has been segmented as engine control unit (ECU), engine sensors, fuel pump and others. On the basis of vehicle type, the market has been segmented into passenger vehicles and commercial vehicles. Among these, passenger vehicles has accounted the highest market share in 2016 in terms of revenue.

Geographic Analysis:

Region wise, the global automotive engine management system market has been segmented as North America, Europe, Asia Pacific and Rest of the World. North America has accounted for the largest market share, in 2016, followed by Europe and Asia Pacific. Policies regarding reducing emission in North America has become the major growth driver. Europe, has been witnessing a rise in the sales of gasoline passenger vehicles which has augmented the demand for automotive engine management system. Also, Germany, UK and France being the leading countries in Europe, have fuelled the growth of the region. Asia Pacific has been the fastest growing economy.

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Target Audience of Report:

This report mainly focuses on Automotive Engine Management System market Manufacturers, Distributer & Supplier companies, and end Users. Investment bankers and consultants with end user for Automotive Engine Management System market also analyzed. And finally Government and Independent Regulatory Authorities involved with Global Automotive Engine Management System market studied.

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