The Global Automotive Engine Management System Market is Forecast to Grow at 8.3% during 2018-2024 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 21, 2018--The “Automotive Engine Management System Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024” report has been added to ResearchAndMarkets.com’s offering.
The report predicts the global automotive engine management system market to grow with a CAGR of 8.3% over the forecast period of 2018-2024.
Regulatory actions around the world have become very strict in case of the Volkswagen emission scandal and this in turn is expected to the major driving factor for the automotive engine management system. Additionally, new sensors are being used in engine management system for better performance of the engines this is anticipated to fuel the growth of the automotive engine management market over the forecast period. However, high cost of engine management due to constant upgradation is likely to restrain the growth of the market.
Furthermore, According to OICA, the sales of new vehicles have been increased in 2016 the number of vehicles sold were 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 limits lowers emission and delivers more power to the automotives. Hence, Carburetors are being replaced with fuel injection systems, which are more advanced and provide more fuel efficiency, and are providing several growth opportunities in the automotive engine management market.
Key Topics Covered
2. Executive Summary
3. Global Automotive Engine Management System Market Overview
4. Global Automotive Engine Management System Market by Engine Type
5. Global Automotive Engine Management System Market by Vehicle Type
6. Global Automotive Engine Management System Market by Region 2018-2024
7. Companies CoveredMBE Systems Infineon Technology NGK Spark Plug Sensata Technologies Hitachi Automotive Systems Robert Bosch Hella KGaA Hueck Delphi Automotive Denso Corporation Continental AG
For more information about this report visit https://www.researchandmarkets.com/research/3n96r7/the_global?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180821005373/en/
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Related Topics:Engines and Engine Parts
INDUSTRY KEYWORD: MANUFACTURING AUTOMOTIVE MANUFACTURING AUTOMOTIVE GENERAL AUTOMOTIVE
SOURCE: Research and Markets
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PUB: 08/21/2018 08:07 AM/DISC: 08/21/2018 08:07 AM