Press release
Automotive Engine Management System Market 2018 Key Country Analysis: Continental, Denso, Delphi, Hella, Bosch, Hitachi, Sensata, NGK Spark Plug, Infineon Technology and MBE Systems
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%.
Top Automotive Engine Management System Manufacturers Competitive Landscape:
The key players in Automotive Engine Management System market are Continental AG (Germany), Denso Corporation (Japan), Delphi Automotive (UK), Hella KgaA Hueck (Germany), Robert Bosch (Germany), Hitachi Automotive Systems (Japan), Sensata Technologies (Netherlands), NGK Spark Plug (Japan), Infineon Technology (Germany) and MBE Systems (UK).
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These market participants are continuously implementing various strategies such as mergers, partnership, collaboration, product launches, etc. to gain a substantial edge over the market. Competition in the Automotive Engine Management System market is heating up. As these key players are increasingly investing towards the development of new technology, many smaller companies will not be able to keep up with the technological pace.
Market Overview:
The global automotive engine management system market is very dynamic, and is expected to witness significant growth over the forecast period. Automotive engine management system is one of the most crucial vehicle parts that has been gaining a lot of attention, among major vehicle manufacturers. Automotive industry has become one of the major revenue generators, and has come up with several technological advancements in the last few years. Automotive engine management system is one of them. The global automotive engine management system market has seen remarkable growth in the global market and it has been observed that, its demand in the future is expected to grow with the CAGR of 7.84%.
The increase in the sales of new vehicles has mainly been because of competitive and diverse options available for finance. The availability of finance has eased the purchase of vehicles, due to which there has been a rise in the use of engine management systems. Another factor responsible for the increase in vehicle sales, is the macroeconomic development and the rise in the global middle class consumers. According to OICA, the sales of new vehicles have been increased from 2013 to 2016. In 2013, the number of vehicles sold were 85.6 million while in 2016 it was 9.38 million.
Segmentation:
The scope of the study segments the global automotive engine management system market by engine type, by component, by vehicle type and by regions.
By Engine Type:
Gasoline
Diesel
By Component
Engine Control Unit (ECU)
Engine Sensors
Fuel Pump
Others
By Vehicle Type:
Passenger Vehicles
Commercial Vehicles
By Regions:
North America
Asia Pacific
Europe
Rest of the World
Regional Analysis:
Region wise, the global automotive engine management system market has been segmented as North America, Europe, Asia Pacific and Rest of the World. North America has accounted for the largest market share, in 2016, followed by Europe and Asia Pacific. Policies regarding reducing emission in North America has become the major growth driver. Europe, has been witnessing a rise in the sales of gasoline passenger vehicles which has augmented the demand for automotive engine management system. Also, Germany, UK and France being the leading countries in Europe, have fuelled the growth of the region. Asia Pacific has been the fastest growing economy.
List of Tables:
Table 1 Automotive Engine Management System Market: By Region, 2017-2023
Table 2 North America Automotive Engine Management System Market: By Country, 2017-2023
Table 3 Europe Automotive Engine Management System Market: By Country, 2017-2023
Table 4 Asia Pacific Automotive Engine Management System Market: By Country, 2017-2023
Table 5 RoW Automotive Engine Management System Market: By Country, 2017-2023
Table 6 Automotive Engine Management System Market, By Body Type, By Regions, 2017-2023
Table 7 North America Automotive Engine Management System Market, By Body Type, By Country, 2017-2023
Table 8 Europe Automotive Engine Management System Market, By Body Type, By Country, 2017-2023
Table 9 Asia Pacific Automotive Engine Management System Market By Body Type, By Country, 2017-2023
Table 10 RoW Automotive Engine Management System Market By Body Type, By Country, 2017-2023
Continued…
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List of Figures:
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top Down & Bottom Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
Continued…
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