Stricter Emission Norms and Fuel Economy regulations driving the Global Powertrain Control Market to the $6 billion Mark by 2020
The Report “Powertrain Control Module (PCM) Market Analysis by Fuel Type (Gasoline, Diesel, Alternative Fuels, CNG, LPG); Vehicle Type (Passenger, Heavy and Light Commercial Vehicles) – Forecast (2015 – 2020)”, published by IndustryArc; the market to grow at CAGR of 3.3% during the forecast period 2015-2020 & to Reach $6.05 Billion by 2020.
Browse 92 Market Tables & 67 Figures spread through 209 Pages and an in-depth TOC on “Powertrain Control Module (PCM) Market”:
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The Powertrain Control Module (PCM) is an electronic control unit installed inside automobile vehicles to manage engine and transmission units for optimum performance without manual intervention. PCM is basically an embedded system that obtains input from a range of sensors fitted inside the various group of components across the whole automobile body. The sensors obtain important parameters from the automobile components and transfer it to the PCM for further processing. After PCM processes the parameters, it transfers the output to the respective components to bring out the desired change for optimum and efficient performance eliminating the need of any human intervention
A Recent Study from IndustryARC Estimatesthe increasing global automotive shipments combined with the stricter emission and fuel economy norms in Europe & the Americas Region are the Main Drivers for the growth in this Market.
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Key Players In The Market Include:
- Robert Bosch GmbH
- Continental AG
- Magneti Marelli and few more
Robert Bosch is presently the Market Leader for PCM globally due to its excellent product line coupled with the embedded system solutions the company provides for OEMs.
Structure and working of PCMs change with the fuel requirements of an engine. Therefore the manufacturers provide a whole range of PCM varieties for Automobiles such as for:
- Diesel & alternative fuels
- LPG & CNG Vehicles
- Electric and Hybrid Vehicles
Structure and working of PCM are also changed based on the Vehicle Type such as:
- Passenger Car
- Light Commercial
- Heavy Commercial Vehicles
The continuous depletion and rising cost of fossil fuels has stressed upon the need to use automobile fuel in a judicious and optimum manner. This in turn has made the powertrain control module an indispensable part of automobile structure. Every automobile being manufactured in any part of the world is using PCM as its integral component and hence its market is surging. Customers are now looking for better alternatives over fossil fuel automobiles such as LPG & CNG vehicles, electric & hybrid vehicles which are cost efficient and less detrimental to environment. All these vehicles have customized PCM’s to cater to the particular requirement from each of these vehicles. The awareness about the depleting fossil fuels and tighter emission norms has given powertrain control module market a constant growth over the period. Asia-Pacific contributes around 51% of the global market revenues in 2014 followed by Europe and Americas with around 24% and 22% respectively.
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