According to “Engine Management System Market For Automotive 2019 Global Size, Share, Trends, Regional Analysis and Industry Outlook Report” published by Market Research Future, The Global Automotive Engine Management System Market to grow at 7.68% CAGR and reach $235.6 Million by 2023 Automotive Engine Management System Industry 2019 Report Segments Market for Engine Management System Market For Automotive by Engine Type (Gasoline and Diesel), Component (Engine Control Unit (ECU), Engine Sensors, Fuel Pump and Others), Vehicle Type (Passenger Vehicles and Commercial Vehicles) and Region.
Global Engine Management System Market For Automotive Key Players Analyzed in Report:
Major players in the global automotive engine management system market include Continental AG (Germany), Delphi Automotive (UK), Denso Corporation (Japan), Hella KgaA Hueck (Germany), Hitachi Automotive Systems (Japan), Infineon Technology (Germany), MBE Systems (UK), NGK Spark Plug (Japan), Robert Bosch (Germany), and Sensata Technologies (Netherlands).
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Global Market Highlights:
Engine management system is one of the essential parts of a vehicle that is responsible for controlling the amount of fuel being injected and for adjusting the ignition timing. The global automotive engine management system market was valued at USD 141.3 billion in 2016 which is expected to reach USD 235.6 billion by 2023 with the CAGR of 7.68%.
Topmost drivers for the global automotive engine management system market include the booming automotive industry, stringent government regulations on reducing vehicle emission, and increasing registration of new cars. Emerging economies are also providing substantial backup for this market growth. The success of automotive engine management system market depends entirely on the automobile industry. 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.
The automotive engine management system market is completely dependent on the automobile industry. Thus, the increase or decrease in demand of the automotive industry directly has an impact on the market. Over the last couple of years, the sales of new vehicles have continuously been increasing. As a result, the demand for automotive engine management system has also increased.
Market Segments Analysis:
Based on engine type, the automotive engine management system market is segmented into gasoline engine and diesel engine.
As per the component-based segmentation, this market covers engine sensors, ECU, fuel pump, and others. By engine type, the market has been segmented into the diesel engine and gasoline engine.
Based on vehicle type, the global automotive engine management system market has been segmented into passenger vehicles and commercial vehicles.
Regional Market Insights:
The global automotive engine management system market, by region, has been segmented into North America, Europe, Asia-Pacific and the Rest of the World.
During the forecast period, Europe is likely to strengthen its foothold in the global market. In terms of revenue, Europe is the largest regional market due to the presence of important market players, technological advancement, and well-developed automotive industry. The standout country-specific markets in this region are France, Germany, Italy, and the UK. The remaining countries of Europe also make a huge contribution to the market.
Due to the presence of most populous countries of the world such as China and India, the dominance of APAC becomes evident in the global automotive engine management systems market value. The market has been experiencing rapid growth in the last two years, owing to the rising sales of passenger cars, emerging economies, shifting of global players and technological advancements are giving much needed thrust to the automotive engine management systems market. Another major reason behind APAC leading the global market is that the countries within this region were able to sustain its economy during the global economic crisis of 2008-09 and have been able to showcase continued growth in automobile production and sales across the globe.
In North America, the market is strong due to the developed automotive sector, high disposable income, technological advancement, and rapid investment in the development of automotive engine management system. The most suitable country-specific markets in this region are the USA and Canada.
Table of Contents
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Size Estimation
3.4 Forecast Model
3.5 List Of Assumptions
3.6 Limitations Of The Study
4 Market Insights
5 Market Dynamics
5.1 Introduction
5.2 Market Drivers
5.3 Market Restraints
5.4 Market Opportunities
5.5 Porter’s Five Forces Analysis
5.5.1 Threat Of New Entrants
5.5.2 Bargaining Power Of Buyers
5.5.3 Bargaining Power Of Suppliers
5.5.4 Threat Of Substitutes
5.5.5 Intensity Of Rivalry
5.6 Value Chain/Supply Chain Analysis
Continued…
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