According to a new market report published by Lucintel, the future of the global automotive engine management system market looks promising with opportunities in passenger cars, light commercial vehicles and heavy commercial vehicles. The global automotive engine management system market is expected to grow with a CAGR of 2% from 2021 to 2026. The major drivers for this market are implementation of stringent emission norms, increasing vehicle production, and better fuel efficiency.
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In this market, gasoline and diesel engine types are used for automotive engine management systems. On the basis of comprehensive research, Lucintel forecasts that gasoline will remain the largest segment, and it is also expected to witness the highest growth over the forecast period due to the increasing demand for fuel-efficient and low-emission gasoline vehicles and rising requirement to meet the stringent fuel and emission parameters that will lead to a rise in the adoption of EMS in gasoline vehicles.
Within the global automotive engine management system market, the passenger car segment is expected to witness the highest growth over the forecast period due to high demand, increased sales, and stringent emission norms in the developed and developing countries.
APAC is expected to remain the largest market and witness the highest growth over the forecast period due to increased demand for luxury cars and need for better emission technologies and better engine performances.
Emerging trends, which have a direct impact on the dynamics of the industry, include consumer demand for efficient transmission models, advancement and steady demand for automobiles, and usage of engine management system. Robert Bosch, Continental AG, BorgWarner, Hitachi Automotive Systems, Denso Corporation, Sensata Technologies, Infineon Technology, and MBE Systems are among the major suppliers of the automotive engine management system market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global automotive engine management system market by component, engine type, vehicle type, and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Automotive Engine Management System Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global automotive engine management system market by component, engine type, vehicle type, and region, as follows:
By Component [Value ($ Million) from 2015 to 2026]:
ECU
Pressure Sensors
Temperature Sensors
Speed Sensors
O2/NOX Sensors
Position/Level Sensors
Knock Sensors
By Engine Type [Value ($ Million) from 2015 to 2026]:
By Vehicle Type [Value ($ Million) from 2015 to 2026]:
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
By Region [Value ($ Million) from 2015 to 2026]:
North America
United States
Canada
Mexico
Europe
APAC
ROW
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
About Lucintel
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