The latest report on Automotive Engine Management Market by Infinium Global Research gives complete coverage of the Automotive Engine Management Market by engine type (gasoline, diesel), vehicle type (passenger cars, light (LCVs), heavy commercial vehicles (HCVs) in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and application trends in the regional markets of Automotive Engine Management such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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Better Performance of the Engines Expected to the Major Driving Factor for the Automotive Engine Management System
An automotive engine is a complex piece of precision precision-built machinery. It provides power to drive the vehicle’s wheels. Furthermore, the engines used in automotive are known as internal combustion engines as the burning of fuels and air takes place inside the system. Moreover, the use of engine management systems has become important as they support various vehicle manufacturers in meeting current and future emission requirements.
New sensors are being used in an engine management system for better performance of the engines expected to the major driving factor for the automotive engine management system. Additionally, regulatory actions around the world have become very strict regarding the Volkswagen emission scandal this, in turn, is is anticipated to fuel the growth of the automotive engine management market over the forecast period. However, the high cost of engine management due to is likely to restrain the growth of the market.
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Several Growth Opportunities in the Automotive Engine Management Industry
Furthermore, According to OICA, the sales of new vehicles have been increased in 2016 the number of vehicles sold was 9.38 million in 2016 Moreover, the new concept of open engine management system that makes use of EMS3 platform and open electronic software architecture has opened new doors of opportunity for the key players in the automotive engine management system.
Upgraded engine control units limit lower emission and deliver more power to the automotive. Hence, Carburetors are being replaced with fuel injection systems, which are more advanced and provide more fuel efficiency can provide several growth opportunities in the automotive engine management market.
Among the geographies, Asia-Pacific held the largest market in the automotive engine management market due to the presence of a huge population with rising disposable income. Furthermore, North America is anticipated to be the largest automotive engine manufacturing around the globe. On the other hand, over a couple of years, the automotive industry is expected to experience a boosting phase in the global market as several new technologies such as ADAS, LiDAR, and powertrain are streaming into the market.
The prominent players in the automotive engine management system market include Continental AG Denso Corporation, Delphi Automotive, Hella KgaA Hueck, Robert Bosch, and Hitachi Automotive Systems. Mercedes-Benz uses under the scanner for emission operation using a cheat software in the engine management system. In addition, these are continuously focusing on improving productivity and efficiency of the company’s performance; at the same time, they are concentrating on their cost reduction to improve their profit margins.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the automotive engine management.
- Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.