TMR

Increasing Purchasing Power in Asia Pacific to Fuel Growth of Automotive Engine Management System

Press Release   •   Dec 22, 2015 02:19 EST

According to a recently published market study by Transparency Market Research (TMR), the Global Automotive Engine Management System Market is expected to register a 5.50% CAGR from 2015 to 2021. The report, titled “Automotive Engine Management System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021,” states that the global automotive engine management system market, which stood at US$145.1 bn in 2014, is expected to be worth US$210.6 bn by 2021.

The automotive industry is one of the growing sectors currently and is expected to show significant growth during the forecast period. The automotive engine management system market is presently more inclined towards fuel efficiency. In order to reduce emissions and to manufacture the vehicles more environmental friendly and technologically upgraded, the OEM’s are concentrated on developing advanced engine management system.

Get FREE Sample PDF file of Automotive Engine Management System Market : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4176

The automotive industry is one of the growing sectors currently and is expected to show significant growth during the forecast period. The automotive engine management system market is presently more inclined towards fuel efficiency. In order to reduce emissions and to manufacture the vehicles more environmental friendly and technologically upgraded, the OEM’s are concentrated on developing advanced engine management system.

Automotive engine management forms an integral part of any vehicle. It provides proper functioning of a vehicle and enables it to run smoothly without any trouble. Automotive engine management system consists of ECU (engine control unit), fuel pump, engine sensors and other components which transmits overall engine response to the engine management system. The fuel economy, emissions and the overall performance of the vehicle depends on the engine management system.

Browse The Market Research Report of Automotive Engine Management System Market : http://www.transparencymarketresearch.com/automotive-engine-management-systems-market.html

Based on vehicle type, the market is segmented into passenger car, LCV, and HCV. Increase in demand for passenger car in Asia Pacific is one of the major factors boosting the growth of automotive engine management system. Strict government norms for the environment are acting as an opportunity to develop more fuel efficient and environmental friendly automotive engine management system. The increase in demand for gasoline and diesel provides an opportunity to develop engine management system which runs on alternative fuel source.

In addition, the demand for passenger cars, LCV and HCV are expected to experience substantial growth due to increase in disposable income and infrastructural development in countries such as India, China, and Japan among others.

Key players profiled in this report include Continental AG, Denso Corporation, Robert Bosch, Sensata Technologies, Delphi Automotive Plc and Hella Kgaa Hueck & Co. among others.

Browse All Consumer Goods Market Research Reports @ http://www.transparencymarketresearch.com/consumer-goods-market-reports-7.html

About Us :

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.