Automotive Engine Management System Market by Vehicle Type, Engine Type, Components, Communication Bus and Region yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
(MENAFN - GetNews) Automotive Engine Management System Market by Vehicle Type (Passenger Car, LCV, & HCV), Engine Type (Gasoline & Diesel), Components (ECU, Sensors- Temperature, Position, Oxygen, & Knock), Communication Bus & Region - Industry Trends & Forecast to 2025
The Automotive Engine Management System Market is projected to grow to USD 63.2 billion by 2025 from USD 58.8 billion in 2020, at a CAGR of 1.5% during the forecast period. The demand for engine management system is primarily driven by stringent emission norms, coupled with increasing vehicle production.
The engine management system industry is expected to be positively impacted by growing vehicle production across the globe as every ICE engine equipped vehicle is equipped with engine management system. The decreased emission limits and increased demand for fuel efficiency requirements have increased the focus on improvement in engine performance, which, in turn, is expected to have a significant impact on the
Automotive Engine Management System Market worth $63.2 billion by 2025 - Exclusive Report by MarketsandMarkets Automotive Engine Management System Market by Vehicle Type (Passenger Car, LCV, & HCV), Engine Type (Gasoline & Diesel), Components (ECU, Sensors- Temperature, Position, Oxygen, & Knock), Communication Bus & Region - Industry Trends & Forecast to 2025 ,
published by MarketsandMarkets,
the market
is projected to grow at a CAGR of 1.5% from 2020 to 2025, and the market size is expected to grow from USD 58.8 billion in 2020 to USD 63.2 billion by 2025. Stringency in emission norms and increasing vehicle production are projected to drive the Engine Management System Market.
Browse in-depth TOC on
125 - Tables
Sensor segment will hold the largest share of the Engine Management System Market