Global Automotive Engine Management Systems Market: Snapshot

In the last few years, the automotive industry has been growing at a strong pace, thanks to which the global market for automotive engine management system is expected to gain traction in the near future. The rising focus of the leading players on new technology and innovations and upgradation, which is expected to support the growth of the global market in the next few years. In addition to this, the rise in the number of strategic collaborations and mergers and acquisitions is predicted to encourage the market growth and enhance the competitive environment of the automotive engine management system market in the coming few years.

Rising Sales of Automobiles to Enhance Market Growth in Near Future

The global market for automotive engine management systems is expected to grow at a healthy pace in the next few years. According to the market research study by Transparency Market Research, in 2014, the global market for automotive engine management system was worth US$145.1 bn and is predicted to reach a value of US$210.6 bn by the end of 2021. The market is likely to register a promising 5.50% CAGR between 2015 and 2021.

The improvement in the vehicle performance and the strict emission and fuel economy standards are considered as the key factors expected to enhance the growth of the global automotive engine management system market in the near future. The increasing focus on research activities and advancements in this field are projected to support the growth of the market in the coming few years. On the other hand, the high cost of the system is estimated to hamper the growth of the overall market in the near future. Nonetheless, the replacement of ECU due to the rise in the average life of vehicles is likely to enhance the market growth and offer potential growth opportunities for the market players in the next few years.

Europe to Lead Global Automotive Engine Management Systems Market

Among the key regional segments, Europe led the global automotive engine management systems market in the last few years and is projected to maintain its dominance in the coming years. The presence of a large number of leading automotive companies is one of the key factors estimated to enhance the growth of the Europe market in the next few years. With the rising manufacturing and sales of automobiles, the market is expected to witness a promising growth in the coming few years. Furthermore, Asia Pacific is expected to observe a healthy growth in the next few years, thanks to the rise in the sales of automobiles and the increasing disposable income of consumers, especially in developing economies.

The global market for automotive engine management systems is highly competitive in nature and holds immense growth potential in the coming few years. The key players in the market are emphasizing on the development of new products and technological advancements, which is likely to support the growth of the market in the near future. In addition to this, the rising mergers and acquisition is predicted to enhance the growth of the market in the coming years. Some of the key players operating in the automotive engine management system market across the globe are Sensata Technologies, Continental AG, Robert Bosch GmbH, BorgWarner Inc., Infineon Technologies AG, Delphi Automotive PLC, Hitachi Automotive Systems Ltd., and Denso Corporation.

 

This is a market research report which undergoes an in-depth analysis of automotive engine management system market from a global perspective and provides estimates in terms of revenue (USD billion) from 2015 to 2021. Comprehensive analysis of the automotive engine management system market from all the different dimensions of the market is provided in the report. It includes the drivers and restrains impacting the market. The report also analyses the impact of the drivers, restrains and opportunities over the forecast period. Market opportunities of automotive engine management system are also included in the report. Automotive engine management system is forms an integral part of passenger cars, LCV and HCV. Engine management system is one of the main components as it receives valuable information from fuel pumps, ECU, engine sensors and controls the engine accordingly. The reasons for substantial growth in demand for automotives are increase in GDP and per-capita income in the countries of Asia Pacific. This is one of the main factors responsible for increase for the demand in the automotive engine management system market. Moreover, the increasing awareness about environment is also supported the growth of fuel efficient engine management system. ECU, engine sensor and fuel pump are some of the main components of the automotive engine management system.

 

One of the most attractive regions in automotive engine management system market is Asia-Pacific. Increase in purchasing power due to easy availability of credit facilities and technological upgradation along with the rise of upper middle class in the Asia Pacific region are the major factors increasing the demand for  automotive engine management system market. Infrastructural development in the Asia-Pacific is also driving the automotive engine management system market as it increases the demand for LCV’s and HCVs’. Moreover, emerging countries such as India and China manufacture a large number of automotives in the Asia Pacific region which also drives the demand for automotive engine management system. Asia Pacific is followed by Rest of the world (ROW) from the market attractiveness point of view. Presence of countries like Saudi Arabia, UAE, Brazil and South Africa has lead to the significant growth in the automotive engine management system market due to increase in demand of automotives. However, Europe held the maximum market share for automotive engine management system. The reason for this in the presence of eminent automotive manufacturers like BMW, Mercedes Benz, Volkswagen and strict pollution control norms prevailing in Europe.

 

The report is sub-divided by engine type, vehicle type and geography. The report includes the market drivers, restraints, and opportunities of the automotive engine management system market. Current market trends are also highlighted in the study and provide the forecast from 2015 to 2021. Future trends that will influence demand in the coming years are also included in the report. The report has been segmented into North America, Europe, Asia-Pacific and Rest of the World based on region. The current market size, market trends and market scenario from 2015 and are also include in the report.

 

Strategic analysis of the global automotive engine management system market and the growth forecast for the period 2015 to 2021 is also provided in the report. The span of the report includes competitive analysis of various market segments based on the types, module and in-depth cross sectional analysis of the automotive engine management system market across different geographic segments. The types of automotive engine management system market include gasoline engine and diesel engine. Company profiles of leading market players are also included in this report to provide a backup of the market in a more detailed way. Market attractiveness analysis included in the report provides in-depth analysis into market dynamics and industry competition.

 

Company market share analysis of the various industry participants along with company overview, financial and business strategies and recent developments in the field of automotive engine management system market are also provided in the report. Major market participants profiled in this report include Continental AG, Denso Corporation, Robert Bosch, Sensata Technologies, Delphi Automotive Plc, Hella Kgaa Hueck & Co, Hitachi Ltd, Infineon Technologies AG, Sensata Technologies, Sanken Electric Company Ltd and BorgWarner Inc among others.

 

The Global Automotive Engine Management System Market has been segmented as follows:

 

Global Automotive Engine Management System Market: By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

The report provides a cross-sectional analysis of all the below segments with respect to the above mentioned regions.

 

Global Automotive Engine Management System Market: By Engine Type

  • Gasoline
  • Diesel

Global Automotive Engine Management System Market: By Vehicle Type 

  • Passenger car
  • LCV
  • HCV
.