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Automotive Fuel Injection Systems Market
The Automotive Fuel Injection Systems Market is expected to grow at a steady rate of around 6% during the forecast period. Automotive fuel injection systems are a system that mixes the appropriate air and fuel in the internal combustion engine through pressure from a pump. Moreover, this system helps in improving engine efficiency and reducing exhaust emissions. The purpose of the fuel injection system is to calibrate and optimize the fuel/air ratio that enters the engine of the vehicle and consists of electronic components and sensors. In addition, the factors such as reliability, emission performance, power output, fuel efficiency, engine tuning, and a range of environmental operations. For instance, according to the International Energy Agency around 74.5% of Co2 emission comes from road vehicles.
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· Based on components, the market is segmented into electronic control units (ECU), fuel injectors, pressure regulators, and others. The electronic control unit is to witness lucrative growth in this market. The electronic control unit is an embedded system in automotive electronics that controls one or more of the electrical systems or subsystems in a car or other motor vehicle. Factors like maintaining fuel injection, cabin temperature, and controlling braking and suspension are driving the growth of the market.
· Based on the vehicle type, the market is categorized into passenger cars, light commercial vehicle, and heavy commercial vehicle. Among all these, passenger cars hold a significant share of the market in 2020. Besides the fact that the automotive industry registered sluggish growth in its sales volume, the demand for passenger vehicles is expected to flourish in the coming years because of the introduction of new and advanced technologies in the vehicle, the aging of vehicles, and stringent regulation to cut the emission rate. Moreover, the growing number of passengers is also driving the growth of the market.
· Based on the fuel type, the market is categorized into gasoline and diesel. Among all these, the gasoline fuel category is to witness a higher CAGR during the forecast period. As diesel engine offers less power output and gasoline engine are easier to alter for achieving greater performance. Moreover, gasoline engines produce less carbon dioxide emission which helps in improving the efficiency of the engine and to obtain greater power or torque output for a given engine displacement. Thus, automotive manufacturers are expected to diversify their products to fulfill the demand of consumers in the gasoline fuel segment.
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· For a better understanding of the market adoption of the Automotive Fuel Injection Systems Market, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. The Asia-Pacific region is anticipated to expand at a quick rate during the forecasted period, owing to rising disposable income and purchasing power, particularly in countries such as China and India, which are driving the automotive fuel injection market share. In addition, the growing prices of natural gases like petrol and diesel are driving the growth of the market. Some of the key players are working to advance the fuel injection system to boost the growth of the market. For instance, in 2021, Stanadyne a leading global fuel and air management systems supplier has developed a gasoline direct injection (GDI) fuel injector that delivers 1,000 bars of pressure.
· Some of the major players operating in the market include Automotive fuel injection systems are Robert Bosch GmbH, Aptiv PLC, Denso Corporation, Hitachi Ltd, Carter Fuel System, Edelbrock LLC, NGK SPARK PLUG CO LTD, Magneti Marelli S.p.A, Infineon Technologies AG, Keihin Corporation
Global Automotive Fuel Injection Systems Market Segmentation
Market Insight, by components
· Electronic Control Unit (ECU)
· Fuel Injectors
· Pressure Regulators
Market Insight, by vehicle type
· Passenger Cars
· Light Commercial Vehicle
· Heavy Commercial Vehicle
Market Insight, by fuel type
· Gasoline
· Diesel
Market Insight, by region
· North America
o US
o Canada
o Rest of North America
· Europe
o Germany
o United Kingdom
o France
o Italy
o Spain
o Rest of Europe
· Asia-Pacific
o China
o Japan
o India
o Rest of Asia-Pacific
· Rest of the World
Top Company Profiles
· Robert Bosch GmbH
· Aptiv PLC
· Denso Corporation
· Hitachi Ltd
· Carter Fuel System
· Edelbrock LLC
· NGK SPARK PLUG CO LTD
· Magneti Marelli S.p.A
· Infineon Technologies A
· Keihin Corporation