Automotive Engine Management System Market Growth 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.
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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).
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.
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Regional Analysis:
The global automotive engine management system market share, 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.
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Table Of Content
1 Executive Summary
2 Introduction
2.1 Definition 16
2.2 Scope Of The Study 16
2.3 Assumptions 16
2.4 Market Structure 17
3 Research Methodology
3.1 Research Process 18
3.2 Primary Research 19
3.3 Secondary Research 19
3.4 Market Size Estimation 19
3.5 Forecast Model 21
4 Market Dynamics
4.1 Introduction 22
4.2 Market Drivers 23
4.2.1 Booming Automotive Industry Coupled With Increasing Registration Of New Cars 23
4.2.2 Expansion Of Global Auto-Manufacturers Into Emerging Markets 23
4.2.3 Stringent Government Regulations On Reducing Vehicle Emission 24
4.3 Market Restraints 24
4.3.1 Availability Of Low Cost Conventional Technologies 24
4.3.2 Increasing Pricing Pressure 24
4.4 Market Trends & Opportunities 25
4.4.1 Advanced Automotive Industry Technologies 25
4.4.2 Increased Investment In Automotive Engine Management System Development Technologies 25
5 Market Factor Analysis
5.1 Value Chain Analysis 26
5.1.1 Automotive Engine Management System Components Supply 26
5.1.2 Manufacture & Assembly 26
5.1.3 Distribution 27
5.1.4 End-Use 27
Continued………
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Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR’s methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
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