Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Automotive Engine Management System Market Researc | Página 3

Global In-flight Advertising Market Research Report: Forecast to 2023
Global 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
Market Synopsis
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.
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