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Automotive Engine Management System Market – Analysis and Forecast (2021-2027)

During the forecast period, the light commercial vehicle segment is expected to be the fastest-growing segment of the automotive engine management system market by vehicle type.

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Automotive Engine Management System Market – Analysis and Forecast (2021-2027)

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  1. Automotive Engine Management System Market

  2. About VynZ Research… • VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. We have a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. • VynZ Research has one of the most qualified & experienced analysts, who are constantly tracking the markets and the technologies. The research team has years of proven experience and wide knowledge & understanding of the technology, application, business models, and regulators of the segments and the value chain involved. • A trusted & proven methodology that involves highest quality of primary research, secondary analysis collated & verified through various sources including cross checking with different industry experts. • Serving wide range of customers most of them from Fortune 2000 companies • With a dedicated 24x7 customer helpline our customers can reach for specifying their needs • Developing long term relationship with the clients and satisfying them is one of the crucial notches of the company. VynZ Research aims at gaining and retaining its clients in order to make long term customer relationship.

  3. Automotive Engine Management System Market 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.

  4. Automotive Engine Management System Market 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.

  5. Automotive Engine Management System Market 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.

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