Automotive Hybrid Transmission System Market Will Post a Staggering CAGR of Almost 18% until 2021: Technavio

Technavio has published a new report on the global automotive hybrid transmission system market from 2017-2021. (Graphic: Business Wire)

LONDON--()--Technavio’s latest report on the global automotive hybrid transmission system market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.

Siddharth Jaiswal, a lead automotive electronics research analyst from Technavio, says, “The global automotive hybrid transmission system market is expected to experience a higher growth from 2017 primarily due to the high number of new product launches with advanced technology, economic stability in the US, China, Japan, and Europe, as well as the growing demand for alternate fuel vehicles from emerging economies such as India, South Korea, and the Middle East.

The strong push toward green vehicles through stringent regulations on fuel emissions and fuel efficiency, tax credits, and incentives put forth by the governments of various countries are favoring the adoption of hybrid and electric vehicles. It is expected that HEVs will comprise 16% of the global automotive market by 2021; in comparison, these vehicles only had a share of 3%-4% in 2016.

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The top three emerging trends driving the global automotive hybrid transmission system market according to Technavio research analysts are:

Integration of transmission with other systems to form electric drive units

The advancement of technologies for integrating transmission systems with other electric powertrain components such as electric motors, power electronics, and controllers is a key factor in the hybrid and electric vehicle market. Many suppliers are developing electric drive units that integrate different components with hybrid and electric transmissions, allowing compactness in size and weight.

In 2015, Continental developed a new electric drive, primarily focusing on the electric vehicle market in China. This electric drive system integrates transmission, motors, and inverter into one housing, enabling them to share the cooling system. This reduced the weight of the overall system by 15% while also lowering costs,” according to Siddharth.

Advancements in powertrain with higher number of gears in transmissions

The primary function of an automotive powertrain is to provide power to vehicles. The powertrain consists of the engine, transmission, and the drivetrain of an automobile. Earlier versions of transmission systems had many mechanical components. However, with advancement in technology, mechanical components have now been replaced with electronic components, increasing the overall efficiency of the transmission systems.

The electronic gearshift guarantees that gear changes are performed without any loss of tractive force and that the timing of the shift is adapted to suit the driving conditions. Transmission technologies like HVTS offer improved fuel efficiency and aid in the significant reduction of carbon dioxide emissions.

High-efficiency lightweight transmission systems for high-performance hybrid vehicles

There has been an increase in the adoption of high-performance hybrid and electric vehicles that can achieve top speeds of 90mph and above and with the ability to accelerate from 0 to 60 mph in less than 10 seconds. High power rated hybrid and electric powertrain is required for such quick acceleration. The quick acceleration is achieved by joint power from the engine and electric motors through the transmission.

The trend of integrating motors and power electronics to the transmission is growing and offers lightweight, compact drivetrains with higher efficiency. As components are closely connected, it helps to reduce power losses.

The key vendors are as follows:

  • Aisin
  • BorgWarner
  • Continental
  • ZF

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

Technavio's latest report on the global automotive hybrid transmission system market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com