In 2021, the Global Automotive Transmission Electronics Market will be worth US$ 299.2 billion. The market is expected to reach US$ 472.0 billion by 2030, with a compound annual growth rate (CAGR) of 8.8% from 2022 to 2030.
Trucks, tractors, forklifts, excavators, motorcycles, and hybrid and electric cars all use automotive electronics. They are primarily used to improve the efficiency of the vehicle's electronic fuel injection, driver assistance, and infotainment systems. For example, the anti-lock braking system (ABS) prevents vehicles from skidding on slopes, and electronic car security locks improve security through remote-controlled locks and a central locking system. Aside from that, automotive electronics include satellite-controlled traffic surveillance devices and diagnostic tools to ensure optimal fuel utilization and engine health.
Market Dynamics
Drivers
The rapid adoption of cutting-edge technology in the automobile industry is propelling the market growth. With the growing interest in comfort, more prominent comfort, and ease of use, the automatic transmission is commonly used in passenger vehicles. Similarly, rising traffic around the world is compelling buyers to purchase vehicles with automatic transmissions. Key automakers are investing heavily in research to develop systems that will meet the growing demand for eco-friendly and enjoyable driving experiences. Their superior and simple driving, automatic vehicles are gaining popularity among the younger generation. The growing popularity of robotization, superior, and technologically advanced vehicles is positively impacting automotive transmission electronics market development.
Opportunities
The global automobile industry is transitioning from traditional fuel vehicles to electric vehicles. An electric vehicle does not require gears because the electric engine produces more force at zero RPM than conventional fuels used in IC engines. The electric engine continuously generates an attractive field, which causes the engine to pivot, causing the driving wheel of an electric vehicle to move. As a result, the electric vehicle may not require the grasp system.
Vehicle emissions caused by these vehicles' fuels are causing air pollution and an unnatural weather change emergency. Car manufacturers are leaning more toward renewable energy sources by investing heavily in research to create electric vehicles with cutting-edge technology. Individual spending preferences for zero-emission vehicles, as well as government appropriations for the auto industry, may increase the electric vehicle portfolio. This could have a negative impact on the market during the forecast period.
Key players:
- Omron Corporation,
- Robert Bosch GmbH,
- Infineon Technologies AG,
- HGM Automotive Electronics,
- Hitachi, Ltd., Delta Electronics, Inc.,
- Atotech Deutschland GmbH,
- TRW Automotive,
- Continental AG,
- Bosch Group,
- Altera Corporation,
- Lear Corporation,
- Aptiv,
- Texas Instruments,
- Atmel Corporation
- Denso Corporation
Market Segmentation:
Automotive Transmission Electronics
The market has been segmented based on vehicle type, distribution type, application and region in the report.
Automotive Transmission Electronics Market, By Vehicle Type:
- Light Commercial Vehicles
- Passenger Vehicles
- Heavy Commercial Vehicles
- Others
Automotive Transmission Electronics Market, By Distribution Channel:
- OEM
- Aftermarket
Automotive Transmission Electronics Market, By Application:
- ADAS
- Infotainment
- Body Electronics
- Safety Systems
- Powertrain
Automotive Transmission Electronics Market, By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Regional Analysis:
The Asia Pacific market is expected to be worth USD XX billion in 2020, with China and India increasingly exporting related components globally. The COVID-19 had a significant impact on automotive transmission electronics market, primarily on the supply chain, resulting in production delays. Because major key players are located in Europe, the market is expected to grow significantly. Rising EV sales in the region are expected to drive market expansion. Increased demand for AMT-enabled commercial vehicles in North America and the rest of the world is expected to drive automotive transmission electronics market growth during the forecast period.
Scope of the Report:
|
Report Coverage |
Details |
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Base year |
2021 |
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Forecast period |
2022-2030 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.8% |
|
YoY growth (%) |
XX% |
|
Regional analysis |
|
|
Current Market size |
USD 299.2 Billion |
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Companies Covered |
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User
Tab Content
Introduction
Our market research is an extensive, iterative process that takes into account a combination of primary and secondary research tools with the aim of minimizing deviation and producing the most precise estimate and prediction. For the future course of action, this approach meticulously outlines the actual changes and industry trends. It gives incredibly valuable data that is drawn from the insights and opinions of analysts and professionals. Our papers include in-depth research and analysis based on several factual inputs obtained from expert interviews, accurate data, and local information.
Market Size Estimation
The overall size of the market has been estimated and validated using both top-down and bottom-up methods. The sizes of other market subsegments have also been thoroughly estimated using these methodologies.
In the top-down technique, the market is divided into segments based on the percentage share of each segment. This method assisted in determining the size of each segment's market. The market size of each segment and its sub-segments was then divided into regional market sizes. This Approach helps mainly with the new Product Launch. It uses Multi-variate Regression Model coupled with Vendor based primary research inputs to forecast to the Market Size.
In the Bottom-Up approach, comprehensive study of key players has to be done wherein we add the market size of the major key players to understand the national market size which helps to determine the regional market size and eventually the complete market size. Companies annual report along with data from paid and unpaid resources like reports from government agencies and organizations like world bank provide the data for this approach.
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