Press release
Global Automotive Engine Management System Market To Be Driven By The Growing Demand For Electronic Vehicles In The Forecast Period Of 2023-2028
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/automotive-engine-management-system-market/requestsample
The key highlights of the report include:
Market Overview (2018-2028)
Historical Market Size (2020): Around USD 57.6 Billion
Forecast CAGR (2022-2027): 3%
The automotive engine management system industry is being driven by the growing demand for the electrification of automobiles in the automotive industry. The engine management system is a crucial component in controlling the emissions and performance of the automobile. Therefore, the demand for efficient and reliable engine management systems in both passenger and commercial vehicles is likely to propel the market growth.
The rising demand for passenger cars owing to the rising population and the increasing disposable incomes are estimated to bolster market growth. Meanwhile, the market growth in the Asia Pacific is likely to grow significantly over the forecast period owing to the increasing manufacturing of vehicles in countries like India and China, among others.
Industry Definition and Major Segments
An automotive engine management system is the arrangement of devices for controlling a vehicle's engine to control the emissions and enhance its performance. The engine control unit (ECU) is a crucial component of the engine management system that receives signals from various sensors. The unit makes calculations to transfer output signals and carry out various functions and operations within or around the engine.
Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/automotive-engine-management-system-market
On the basis of component type, the market is divided into:
Engine Control Unit (ECU)
Fuel Pump
Sensors
Others
The significant engine types of automotive engine management system in the industry includes:
Gasoline
Diesel
Others
Based on vehicle, the market can be segmented into:
Commercial Vehicle
Passenger Car
Others
The regional markets for automotive engine management system include:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Market Trends
The growing technological advancements in the automotive industry to reduce fuel emission and enhance the fuel economy of vehicles is likely to bolster the market. The rising concerns about surging pollution levels and the growing requirements to curb global warming are predicted to propel the market for the automotive engine management system.
Moreover, the growing demand for electric vehicles owing to their fuel efficiency and cost-effectiveness is likely to bolster the market over the forecast period. As electric vehicles utilise various electronic components for efficient functioning, the demand for automotive engine management systems to control the components is surging. This, in turn, is likely to invigorate the market growth in the coming years.
Key Market Players
The major players in the market are Robert Bosch GmbH, Continental AG, Hitachi Automotive Systems, Ltd., Infineon Technologies AG, Delphi Technologies (BorgWarner Inc.), and DENSO Corporation, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Read More Reports:
Data Visualisation Market: https://www.marketwatch.com/press-release/global-data-visualisation-market-size-to-increase-at-a-cagr-of-940-until-2023-2028-2023-01-25?mod=search_headline
Data Centre Transfer Switches And Switchgears Market: https://www.marketwatch.com/press-release/global-data-centre-transfer-switches-and-switchgears-market-be-driven-by-rising-technological-advancement-in-the-forecast-period-of-2023-2028-2023-01-25?mod=search_headline
Data Diode Solution Market: https://www.marketwatch.com/press-release/global-data-diode-solution-market-likely-to-grow-at-a-cagr-of-810-by-2028-2023-01-25?mod=search_headline
Carotenoids Market: https://www.marketwatch.com/press-release/global-carotenoids-market-to-be-driven-by-increasing-consciousness-toward-health-in-the-forecast-period-of-2023-2028-2023-01-25?mod=search_headline
Dairy Processing Equipment Market: https://www.marketwatch.com/press-release/global-dairy-processing-equipment-market-to-be-driven-by-pasteurizers-segment-in-the-forecast-period-of-2023-2028-2023-01-25?mod=search_headline
Automotive Airbag Inflator Market: https://www.marketwatch.com/press-release/global-automotive-airbag-inflator-market-to-be-driven-by-road-safety-concerns-in-the-forecast-period-of-2023-2028-2023-01-25?mod=search_headline
Automotive Alternator And Starter Motor Market: https://www.marketwatch.com/press-release/global-automotive-alternator-and-starter-motor-market-size-to-grow-at-a-cagr-of-390-until-2028-2023-01-25?mod=search_headline
Automotive Biometrics Market: https://www.marketwatch.com/press-release/global-automotive-biometrics-market-size-to-increase-at-a-cagr-of-161-in-the-forecast-period-of-2023-2028-2023-01-25?mod=search_headline
Intelligent Pigging Market: https://www.marketwatch.com/press-release/global-intelligent-pigging-market-size-to-grow-at-a-cagr-of-460-till-2028-2023-01-25?mod=search_headline
C-Arms Market: https://www.marketwatch.com/press-release/global-c-arms-market-to-be-driven-by-technological-advancement-in-the-forecast-period-of-2023-2028-2023-01-25?mod=search_headline
Media Contact
Company Name: Claight Corporation
Contact Person:- Eliana Grace, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com/
About Us:
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients' requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Automotive Engine Management System Market To Be Driven By The Growing Demand For Electronic Vehicles In The Forecast Period Of 2023-2028 here
News-ID: 2901347 • Views: …
More Releases from Expert Market Research
United States Webcam Market Size, Growth & Trends 2025-2034
The United States webcam market has experienced substantial growth in recent years, fueled by the increasing demand for high-quality video communication tools. Webcams, which were once primarily used for video conferencing, have become essential for various applications, including content creation, gaming, online education, and telehealth. The widespread adoption of remote work and digital learning has further accelerated the growth of this market.
In 2024, the U.S. webcam market was valued at…
Precision Medicine Market: A Deep Dive into Its Evolving Landscape
The precision medicine market represents one of the most transformative shifts in modern healthcare. Instead of relying on generalized treatments that assume all patients respond similarly, precision medicine leverages biological, genetic, and lifestyle data to deliver interventions tailored to the individual. This personalized approach is reshaping how diseases are prevented, diagnosed, and managed. Its importance continues to grow as healthcare systems seek more efficient, patient-centered solutions capable of improving outcomes…
Global Industrial Hemp Market: Growth, Trends, and Future Outlook 2034
The global industrial hemp market is on a rapid growth trajectory. In 2024, the market size is expected to reach approximately USD 5.99 billion, and it's projected to grow at a compound annual growth rate (CAGR) of 19.00% during the forecast period from 2025 to 2034. By 2034, the market is set to reach an impressive value of USD 34.16 billion. This growth is driven by the increasing demand for…
Laboratory Information System Market Hits $2.1B, 9% CAGR
Why Is the Laboratory Information System Market Growing So Rapidly in 2024-2034?
The laboratory information system market is undergoing significant expansion due to increasing digitalization in healthcare and growing demand for efficient diagnostic workflow management. As laboratories face rising testing volumes, stricter regulatory requirements, and a growing need for automated sample tracking, the adoption of LIS platforms has accelerated globally.
In 2024, the market reached USD 2.10 Billion, and with a robust…
More Releases for Market:
Sorbitol Market Forecast, Sorbitol Market Analysis, Sorbitol Market Growth, Sorb …
The Sorbitol Market has been fragmented based on the productivity of several companies; therefore, each segment and its sub-segments are analyzed in the research report. Furthermore, the report offers 360 views on historical and upcoming growth based on volume, value, production, and consumption. Moreover, it classifies depend on sub-segments, key segments as per the significant regions and offers an in-depth analysis on the competitive edge of the market. This report…
Esterquats Market, Esterquats Market Size, Esterquats Market Share, Esterquats M …
The "Esterquats Market" is a dynamic and rapidly evolving sector, with significant advancements and growth anticipated by 2031. Comprehensive market research reveals a detailed analysis of market size, share, and trends, providing valuable insights into its expansion.
This report delves into segmentation and definition, offering a clear understanding of market components and drivers. Employing SWOT and PESTEL analyses, the study evaluates the market's strengths, weaknesses, opportunities, and threats, alongside political,…
Syringe and Needle Market Size, Market Share, Market Trends, Market Analysis, Ma …
Market Overview:
The global syringe and needle market is a critical component of the healthcare industry, serving as indispensable tools for administering medications, vaccines, and drawing blood samples. This market is characterized by a diverse range of products catering to various medical needs, including disposable syringes, safety syringes, insulin syringes, hypodermic needles, and more. This article provides an in-depth analysis of the syringe and needle market, focusing on its market overview,…
India Tractor Market, Tractor Industry, Market Revenue, Market Growth Analysis, …
How Is India Tractor Market Positioned?
In India two-third population is engaged in Agriculture. Tractors form an essential part of this sector. They bring the required efficiency and productivity country needs in its agricultural activity to compete on the international level. The Indian tractor Industry has made preponderant improvement in production capacity and in terms of production volumes. The industry has been successful in indigenization of the technology. The volume growth…
Global Optical Interconnects Market, Market Size, Market Shares, Market Growth A …
In integrated circuits, optical interconnects majorly refers to a system of transmitting signals from one fragment of an integrated circuit to another part which is using light. Optical interconnects have been in high demand due to the high latency and power consumption incurred by conventional metal interconnects in conveying electrical signals over long distances, such as in interconnects classed as global interconnects.
The International Technology Roadmap for Semiconductors (ITRS) has emphasized…
Global Cash Registers Market, Market Growth Analysis, Market Revenue, Market Out …
A cash register or automatic money handling system is a motorized or electric device for registration and calculating dealings at a point of sale. It is typically devoted to a drawer for storage cash and additional valuables. A modern cash register is generally attached to a printer which can print out incomes for record-keeping determinations. The electronics cash register delivers numerous features likes mall price and informal admittance. The rising acceptance of electronic cash register by…
