Automotive Fuel Injection Systems Market: Current Analysis and Forecast (2022-2028)
The global Automotive Fuel Injection Systems Market is expected to grow at a significant rate of around 6% during the forecast period. The combination of mechanical and electronic circuits to supply fuel of ideal volume to the engine is automotive fuel injection systems. Moreover, the factors like throttle response increase, providing appropriate needed power at all RPMs, and eliminating cold start problems by providing a suitable amount of air and fuel mixture. Hence, these are some factors that are driving the growth of this market. Automotive fuel injection ensures that the fuel and air are well mixed before entering the chamber. Moreover, the factors like maximizing the engine power, and efficiency while lowering the gas consumption. The fuel injection system is commonly utilized to provide consistent and smoother throttle response and better emission standards. Some of the key players are working on the advancement of fuel injectors to make them more efficient for the environment. For instance, In December 2021, Napino Auto & Electronics Ltd a major automotive component design and manufacturing company, announced a collaboration with Kerdea Technologies Inc, a US-based company with proprietary unique Oxygen Sensor technology. As the company's sensor technology will be transferred to Napino, which will then cater to the needs of the Indian automotive industry in the BSVI (Bharat Stage Emission Standards) regime.
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, and Keihin Corporation. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
"Amongst components, electronic control units category to witness robust CAGR during the forecast period”
Based on the components, the market is segmented into electronic control units (ECU), fuel injectors, pressure regulators, and others. The electronic control units (ECU) are to witness a higher CAGR during the forecast period. The electronic engine control unit (ECU) is the central controller and heart of the engine management system. It controls the fuel supply, air management, fuel injection, and ignition. Moreover, the factors like controlling fuel supply and injection, fuel-to-air ratio, ignition, idle speed, and the timing of valve opening and closing to acquire a better performance of the engine are driving the growth of the market.
"Amongst vehicle type, passenger cars to hold a significant share in the market in 2020”
Based on vehicle type, the market is categorized into passenger cars, light commercial vehicle, and heavy commercial vehicle. Among these, passenger cars hold a significant share in the market in 2020. Moreover, increasing income of the urban population, advancements in technology, increase in the cost of transportation, preference for comfort, and the growing number of hi-tech passenger cars with high safety are the factors responsible for the lucrative growth of the market.
"Amongst fuel type, gasoline category holds a significant share in the market in 2020”
Based on fuel type, the market is categorized into gasoline and diesel. Among these, gasoline holds a significant share in the market in 2020. Moreover, gasoline is more efficient and has a lesser emission rate. In addition, gasoline provides more power with mileage and has the tendency to get easily mixed with air for better efficiency and performance of the engine.
"Asia-pacific to hold a significant share in the market”
In 2020, Asia-pacific held a significant share of the global automotive fuel injection system market. Due to the presence of powerful and lucrative industry participants, the region is anticipated to take the lead over the anticipated time. Moreover, this 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. The growing tourism in this region is also the reason for the lucrative growth of the market.
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