The increasing need for fuel efficient vehicles and
stringent emission control norms are expected to drive the demand for
automotive fuel injection system over the forecast period. Serious issues
related to environmental pollution has cropped up mainly because of industrial
emission and automotive emission; mainly carbon monoxide and sulfur dioxide
emitted by vehicles. Extraction and use of conventional fuels such as petroleum
products is increasing.
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In many countries, governments have imposed stringent
emission control norms to reduce the greenhouse gases emission from the
vehicles. In 2011, global CO2 emission stood at 31.6 gigatons, with 23% of
these emissions coming from all transport sectors.
According to the Corporate Average Fuel Economy regulations,
all vehicles plying in the U.S. need to have average fuel efficiency of 54.5
miles per gallon by 2025. As per the European government CO2 emission
regulation, the total CO2 emission from new passenger cars should be decreased
from 130 gram (g) per kilometer (Km) travel in 2013 to 95g per Km travel by
2020.
The key opportunity witnessed in the global automotive fuelinjection system market includes growing two-wheeler market for fuel injection
system and product development opportunities in natural gas vehicles.
Among the various components of automotive fuel injection
system, the engine control unit (ECU) held the largest share in the global
automotive fuel injection system market in 2015 in terms of value and is
expected to grow at a CAGR of 8.1% during 2016 – 2022. The consumption of
automotive fuel injection system was the largest in passenger car segment in
2015, compared to other vehicle types. Based on fuel type, the market of
automotive fuel injection system in diesel vehicles has been larger than
gasoline vehicles in terms of volume.
Asia-Pacific has been the largest market for automotive fuel
injection system market, accounting 48.7% of the global market in terms of
value in 2015. Asia-Pacific is expected to be the fastest growing region in the
global automotive fuel injection system market, registering a CAGR of 8.4%
during 2016 – 2022. The major reason for the growth of the market in the region
includes increased vehicle production and strict emission norms. The production
volume for passenger car and light commercial vehicles (LCV) in Asia-Pacific
accounted for more than 50% of the global production.
Europe was the second largest market for automotive fuel
injection systems in 2015 in terms of value. Developed countries such as
Germany, the U.K., France, Spain and Italy constitute a major share of the
European automotive industry, which is dominated by established OEMs such as
BMW AG, Daimler AG, Fiat and PSA/Peugeot-Citroen, Volkswagen Group, and others.
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Some of the major players operating in the global automotive
fuel injection system market include Continental AG, Robert Bosch GmbH, Denso
Corporation, Delphi Automotive PLC, Hitachi, Ltd., Magna International Inc.,
Mikuni Corporation, Johnson Electric, and SHW AG.
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