LONDON--(BUSINESS WIRE)--The global automotive high-speed transmission market is expected to post a CAGR of almost 16% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
Automatic transmission (AT) systems are gaining popularity in the automobile industry due to higher efficiency over other transmission types. AT systems reduce stress on drivers while driving in bad traffic conditions. They cause less pollution and are more fuel-efficient as they are driven at the optimal operating point. Modern AT systems come equipped with digital intelligence, which recognizes the ideal operating gear and makes hill starts easier. This reduces the risk of accidents caused due to unintentional roll back on hilly terrains. Owing to many such benefits, automakers are increasing their focus on the development of automatic transmission vehicles, which is fueling the growth of the market.
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As per Technavio, the increasing penetration of shift-by-wire technology will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global Automotive High-Speed Transmission Market: Increasing Penetration of Shift-by-Wire Technology
The shift-by-wire system uses actuators for transmission and eliminates the need for mechanical linkages with the gearbox. The adoption of shift-by-wire systems in vehicles reduces the overall weight of the vehicle and improves the precision of the output to a large extent. With increasing adoption of automatic transmission systems, the demand for shift-by-wire systems will increase significantly during the forecast period.
“Development of triple-clutch transmission system and increasing number of gears converting wider ratios for higher power and torque performance will further boost market growth during the forecast period”, says a senior analyst at Technavio.
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Global Automotive High-Speed Transmission Market: Segmentation Analysis
This market report segments the global automotive high-speed transmission market by technology (high-speed AT and high-speed DCT) and geography (APAC, Europe, MEA, North America, and South America).
The North American region led the market in 2018, followed by Europe, APAC, South America, and MEA respectively. During the forecast period, the North American region is expected to maintain its dominance over the market. This is due to the growing focus on improving fuel efficiency and the refinement of transmission technology by automakers in the region. However, the APAC region is expected to witness the maximum incremental growth during the forecast period due to an increase in the sale of luxury cars in the region.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Geographic comparison
- Key leading countries
- Landscape disruption
- Competitive scenario
- Vendors covered
- Vendor classification
- Market positioning of vendors
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