Automotive Engine Management System Market Is Expected To Rise At a CAGR of 2.7 Percent To USD 65.2 Billion By 2027 - VynZ Research


Posted January 18, 2022 by VynzReports

VynZ Research is a global market intelligence company providing research reports.

 
The global automotive engine management system market is expected to rise at a CAGR of 2.7 percent to USD 65.2 billion by 2027, up from USD 59.8 billion in 2020. The introduction of stringent emission norms around the world, as well as increased vehicle production, are driving demand for engine management systems. The ignition timing of the amount of fuel pumped into the car is regulated and adjusted by the automotive engine management system. Sensors that monitor engine speed, intake air and coolant temperature, and oxygen sensors that control emissions make up the system.

The automotive engine management system market in the Asia Pacific is expected to be the largest geographical segment. The increase in demand for vehicles, especially premium passenger cars, has accentuated the need for better emission technologies and better engine performance. As a result, in the coming years, the demand for engine management systems in the area is expected to expand significantly.

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As customers become more aware of the emissions and pollution levels, automotive engine management system manufacturers are being pushed to boost fuel efficiency and increased emissions by keeping NOx and CO2 levels under control. Engine management systems use sensors mounted on the vehicle to ensure that specific quantities of fuel are combusted from the engine control unit.

Globally, rising levels of greenhouse gases and dwindling traditional fuel reserves have compelled legislative bodies in various countries to enact pollution and fuel efficiency standards. Vehicle emissions led to environmental air pollution. According to a report conducted at the Massachusetts Institute of Technology, hazardous vehicle emissions cause approximately 53,000 premature deaths in the United States per year.

The increase in emission levels is a major factor in the decline in diesel vehicle sales. As a result, the market for alternative vehicles has risen. Electric buses are being developed in countries such as South Korea, India, and China in order to reduce pollution and emissions.

Because of the sudden emergence of the COVID-19 pandemic, most governments in a number of countries implemented tight lockdown regulations for more than three months. This had a significant impact on vehicle demand. Vehicle sales came to a halt as a result of the closing of the production units. Vehicle production has been halted due to the COVID-19 pandemic.

Key Players

• Robert Bosch
• NGK Spark Plug
• Delphi Automotive
• Hitachi Automotive Systems
• Denso Corporation
• Continental AG
• MBE Systems
• Hella KgaA Hueck
• Infineon Technology
• Sensata Technologies
• BorgWarner
• Hella
• Sanken
• NGK spark plug
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Tags automotive engine management system , automotive engine management system market , automotive engine management system market analysis , automotive engine management system market growth , automotive engine management system market share , automotive engine management system market size , automotive engine management system market trend , automotive engine management system market value
Last Updated January 18, 2022