Automotive Engine Management System Market to Accelerate thanks to Government Regulations for Decreasing Environmental Pollution

Presently, the automotive industry is one of the rapidly advancing business sectors in the world and is predicted to undergo huge development during the forecast horizon 2015-2021. The global automotive engine management system market is currently focused on fuel conservation. Keeping in mind the end goal to decrease harmful emissions and make vehicles more ecologically benign, OEM's are focusing on progressive engine management systems.Automotive engine management is a fundamental part of any vehicle. It helps efficient function of a vehicle and empowers it to run easily with no mechanical inconvenience. Automotive engine management systems are made up of the ECU (motor control unit), fuel pump, motor sensors and various segments that transmit each and every action of the engine to the engine management system. The fuel economy and overall function of the engine depends upon the engine management system.The automotive engine management system market was estimated at US$145.13 billion in 2014 and is expanding at a CAGR of 5.9% between 2015 and 2021. It is predicted to reach US$210.60 billion by 2021.

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In terms of the type of fuel (type of motor), the worldwide automotive engine management system market is segmented into gasoline and diesel. By type of vehicle, the automotive engine management system market has been segmented into passenger cars, HCV, and LCV. Gasoline engines constituted the larger share of the overall industry in the automotive engine management system market. The benefits of lower maintenance and better fuel ignition drive the automotive engine management market for gasoline engines. Government standards and regulations for decreasing pollution are predicted to expand the demand for automotive engine management systems during the forecast horizon 2015 to 2021.

 

The rise in demand for passenger cars from Asia Pacific is one of the main factors propelling the automotive engine management system market. The rise in demand for alternatives to fossil fuels gives a chance for automotive engine management system manufacturers to create systems that operate on alternate fuel sources such as hydrogen and biofuels.

 

 

The global automotive engine management system market, based on geography, is segmented into North America, Europe, Asia Pacific, and Rest of the world. The most dominant region in the automotive engine management system market is Asia Pacific. Upsurge in purchasing power because of easy accessibility of credit facilities and innovative upgrades along with the increase in the upper middle class in the Asia Pacific region are the key factors boosting demand from the automotive engine management system market. Infrastructural improvement in Asia Pacific is also driving the automotive engine management system market, as it augments demand for LCVs and HCVs. The increasing automotive manufacturing capacity of developing countries such as China and India is also helping the Asia Pacific market for automotive engine management system market grow by leaps and bounds.

 

Rest of the world (ROW) follows Asia Pacific from the perspective of regional market attractiveness in the global automotive engine management system market. Like Asia Pacific, the presence of rapidly developing nations like Saudi Arabia, Brazil, South Africa, and the UAE has lead to the development in this regional market, due to the growing demand for automotives. On the other hand, Europe accounted for the maximum share in the global automotive engine management system market. The reason behind this in the presence of distinguished automotive manufacturers such as Mercedes Benz, BMW, and Volkswagen as well as the strict pollution control standards prevalent in Europe.

 

Some of the leading automotive engine management system manufacturers in the global market are Continental AG, Denso Corporation, Robert Bosch, Sensata Technologies, Delphi Automotive Plc, Hella Kgaa Hueck & Co, Hitachi Ltd, Infineon Technologies AG, Sensata Technologies, Sanken Electric Company Ltd, and BorgWarner Inc.

 

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