Automotive Engine Management System Market Size To Expand at a Notable CAGR Of 7.68% During 2018 - 2023

Pune, India, February,2019/MRFR Press Release/- Market Research Future has published a half-cooked research report on the Global Automotive Engine Management System Market.

Market Synopsis:

As per Market Research Future (MRFR)’s analysis, the global automotive engine management system market is expected to thrive at a CAGR of 7.68% during the forecast period. Its valuation has been estimated to grow from USD 141.3 Bn in 2016 to USD 235.6 Bn by the end of 2023. The growth of the market is directly dependent on the expansion of the automobile industry. Thus, the rising demand for personal and commercial vehicles is projected to drive the proliferation of the market over the next few years.

The regulations enforced by the governments for the reduction in carbon emissions has resulted in the technological developments in the automotive engine management system market. It is presumed to lead the growth of the market over the next couple of years. The developing nations signify tremendous potential and are likely to be capitalized by the global players in the forthcoming years. This, in turn, has been prognosticated to aid the proliferation of the market through the projection period.

Market Segmentation:

On the basis of engine type, the automotive engine management system market is segmented into gasoline engine and diesel engine.

On the basis of components, the automotive engine management system market has been segmented into engine control unit (ECU), engine sensors, fuel pump, and others.

On the basis of vehicle type, the global automotive engine management system market has been segmented into passenger vehicles and commercial vehicles.Browse Complete Report @ https://www.marketresearchfuture.com/reports/automotive-engine-management-system-market-4752

Regional Analysis

The global automotive engine management system market, by region, has been segmented into North America, Europe, Asia-Pacific and the Rest of the World. Europe is likely to strengthen its foothold in the global marketplace over the next couple of years. The region houses a highly developed automotive sector which is poised to dominate the growth trajectory of the regional automotive engine management system market over the projection period.

Asia Pacific is projected to thrive at the highest CAGR over the assessment period. The growth of the region as a manufacturing hub has attracted investments from the global players of the market. It is presumed to influence the expansion of the automotive engine management system market positively. The market has been witnessing exceptional growth for the last two years. This trend is estimated to continue benefitting the market by accelerating revenue creation. In addition, the increasing purchasing power of the most populous country-level markets – India and China are anticipated to propel the proliferation of the automotive engine management system market in the foreseeable future.

Competitive Dashboard:

Some of the key players profiled in this MRFR report are Denso Corporation (Japan), Infineon Technology (Germany), Delphi Automotive (UK), Continental AG (Germany), Hella KgaA Hueck (Germany), Hitachi Automotive Systems (Japan), Sensata Technologies (Netherlands), Robert Bosch (Germany), NGK Spark Plug (Japan), and MBE Systems (UK).

Industry News:

In February 2019, Constellium N.V., a global manufacturer of aluminum rolled products, has started the supply of aluminum structural components for building new BMW X Model Sports Activity Vehicles.

In February 2019, DENSO Products and Services Americas, Inc., has announced that it will be sponsoring Matt Smith and Pro Stock Motorcycle racers Angie in the NHRA Mello Yello Drag Racing Series of 2019.

In January 2019, General Motors, an American multinational corporation, has announced its investment of USD 22 Mn in Spring Hill, Tennessee, manufacturing complex. The investment is aimed at enabling the production of 6.2L V-8 engines equipped with GM’s advanced Dynamic Fuel Management.

In January 2019, Schaeffler, a manufacturer of rolling element bearings, has showcased emission reduction and fuel efficiency technologies at the SIAT Expo in India.