Automotive
fuel delivery injection systems are considered as a sustainable means
to reduce carbon emissions. By achieving the perfect balance between
fuel and air mixture, these systems manage the fuel delivery
efficiently, controlling the emission of hazardous gasses from
unburnt fuel and optimizing the mileage of the vehicle.
The
growing demand for advanced automotive fuel delivery and injection
systems that are low on maintenance with simple design yet higher
efficacy, on account of the rising preference for hybrid electric
vehicles and automobiles that run on compressed natural gas (CNG),
has attracted a great deal of investments in research and development
activities. This factor is anticipated to bring in significant growth
to this market in the near future. Along with this, the
commercialization of hydrogen fuel cell vehicles is also expected to
fuel the demand for these systems over the next few years.
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The global opportunity in the automotive fuel delivery and injection systems market is estimated to increase from US$54.6 bn in 2014 to US$72.7 bn by 2021, rising at a CAGR of 4.90% during the period from 2015 to 2021.
Asia
Pacific to Remain Leading Contributor to Automotive Fuel Delivery and
Injection Systems Revenue
Geographically,
the market for automotive fuel delivery and injection systems can be
segmented into Asia Pacific, North America, and Europe, as well as
Rest of the World. In 2014, Europe held the leading position in this
market with a share of 35.1%. The formation of low emission zones in
various nations in the European Union has compelled automobile
manufacturers in this region to invest heavily in fuel delivery and
injection systems, leading to high market growth.
Analysts
at TMR predict the region to remain the leading contributor to the
global market in the near future. However, the growth prospect for
automotive fuel delivery and injection systems looks most promising
in Asia Pacific. The growing concerns over the emission of exhaust
gas have compelled governments in several economies in this region,
such as China and India, to implement various norms to curb
environmental damages, which is expected to fuel the demand for these
systems over the next few years in Asia Pacific.
The
opportunity for automotive fuel delivery and injection systems in
Europe is expected to rise to US$25.1 bn by 2021, whereas Asia
Pacific is likely to register a CAGR of 5.0% during the period from
2015 to 2021.
Immense
Popularity of Port Fuel Injection Systems Fuels Demand for them
Direct
injection, port fuel injection, throttle body injection, and
sequential fuel injection are the main types of automotive fuel
delivery and injection systems available across the world. The
immense popularity of port fuel injection systems, thanks to their
superior air and fuel mixture ratio, low cost, and relatively simple
design, has kept their demand way ahead of other systems.
With
a revenue of US$17.9 bn, the segment emerged as the market leader in
2014. Between 2015 and 2021, it is likely to rise at a CAGR of 4.80%
in terms of revenue by 2021, retaining its leadership.
The
leading manufacturers of automotive fuel delivery and injection
systems are Denso Corp., Delphi Automotive Plc., Robert Bosch GmbH,
and Continental AG. Magneti Marelli S.P.A, Ti Automotive Inc.,
Hitachi Automotive Systems Ltd., Lucas TVS Ltd., Edelbrock LLC, and
MSD Ignition are some of the other prominent players in this market.
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