Global Automotive Engine Management System Market: Trends, Opportunities and Challenges
According to a new report published by Reports Monitor titled, “Global Automotive Engine Management System Market, Growth Opportunities, Innovations and Forecast, 2017-2025,” the Automotive Engine Management System market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
Traditional mechanical control system fails in gaining such improved performance; hence engine management system (EMS) must be incorporated. EMS comprises of various electronics and electrical components such as sensors, relays, actuators and an Engine Control Unit.
Increase in the urbanization coupled with improved standard of living has raised the demand for automotive, hence playing a significant role in propelling the market growth. Strict fuel economy norms and environmental regulations also supports in driving the growth of EMS market. Increased restrictions on the fuel economy standards have encouraged the manufacturers to develop fuel efficient engine management system, thereby escalating market growth. However, high cost of EMS system may result in hampering the market growth.
This report provides a detailed analysis of Automotive Engine Management System market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and swot analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources with bottom-up and top-down approaches.
The global automotive engine management system market is mainly segmented on the basis of: engine type and vehicle type. Based on engine type, market is bifurcated into: gasoline and diesel engine, while on the basis of vehicles market is bifurcated into: passenger cars, light commercial vehicles and heavy commercial vehicles.
Global Automotive Engine Management System market is majorly analyzed across: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). Presence of major players in the automotive sector and stringent law and regulations in reducing the global emissions forms the major factor influencing the market growth in North America and Europe, while increased sale of automotive in the developing economies such as China, India and others forms a significant factor in influencing the growth of Asia Pacific region.
Major Key vendors operating in the market are: Continental AG , Denso Corporation , Delphi Automotive , Hella KgaA Hueck , Robert Bosch, Hitachi Automotive Systems , Sensata Technologies , NGK Spark Plug , Infineon Technology and MBE Systems.
About Us: We at Garner Insights.com provide a comprehensive analysis by providing in-depth reports of the various market verticals. Our Mission is to provide a detailed analysis of the vast markets worldwide backed by rich data. Decision makers can now rely on our well-defined data gathering methods to get the correct and accurate market forecasting along with detailed analysis.
Contact Us: Mr. Kevin Thomas Direct: +1 513 549 5911 (US) +44 203 318 2846 (UK) Email: [email protected]