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Automotive Engine Management System Industry Global Market Insights Report 2018
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Automotive Engine Management System Market Analysis From 2018 To 2023. Automotive Engine Management System Market Information Report, By Engine Type (Gasoline and Diesel), By Component (Engine Control Unit (ECU), Engine Sensors, Fuel Pump and Others) By Vehicle Type (Passenger Vehicles and Commercial Vehicles) and By Region - Forecast To 2023.

Global Automotive Engine Management System Market Highlights:

The global automotive engine management system market was valued at USD 141.3 billion in 2016 which is expected to reach USD 235.6 billion by 2023 with the CAGR of 7.68%. Engine management system is one of the essential parts of a vehicle that is responsible for controlling the amount of fuel being injected and for adjusting the ignition timing. Moreover, the engine management system is an electronic control unit which receives signals from various sensors, makes calculations and sends output signals to carry out various functions and operations within and around the engine.

The global automotive engine management systems market is expected to witness remarkable growth in the coming years. The factors that influence the demand for automotive engine management systems are booming automotive industry coupled with increasing registration of new cars, expansion of global players into emerging nations and stringent government regulation on reducing vehicle emission. The automotive engine management system market is completely dependent on the automobile industry. Thus, the increase or decrease in demand of the automotive industry directly has an impact on the market. Over the last couple of years, the sales of new vehicles have continuously been increasing. As a result, the demand for automotive engine management system has also increased.

The increase in the sales of new vehicles has mainly been because of competitive and diverse options available for finance. The availability of finance has eased the purchase of vehicles, due to which there has been a rise in the use of engine management systems. Another factor responsible for the increase in vehicle sales, is the macroeconomic development and the rise in the global middle class consumers. According to OICA, the sales of new vehicles have been increased from 2013 to 2016. In 2013, the number of vehicles sold were 85.6 million while in 2016 it was 9.38 million.

The global automotive engine management system market segments has been divided into engine type, component, vehicles type and region. On the basis of engine type, the market is segmented into gasoline engine and diesel engine. Gasoline engine is expected to dominate the global market by type in 2016 in terms of market revenue. On the basis of components, the market has been segmented as engine control unit (ECU), engine sensors, fuel pump and others. On the basis of vehicle type, the market has been segmented into passenger vehicles and commercial vehicles. Among these, passenger vehicles has accounted the highest market share in 2016 in terms of revenue.

For more information on this Automotive Engine Management System Market ? Global Market Report @ Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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