Transparency Market Research in its new report titled, “Automotive Transmission Control Unit Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026, ” provides key insights on the automotive transmission control unit market. The new report says that Increase in demand for automatic transmission across the globe, owing to its advantages such as fuel-efficiency, less carbon emission, and driving comfort is anticipated to be the major driving factor behind the growth of the automotive transmission control unit market during the forecast period i. e, 2018-2026.
According to the report, continuous development in the field of automatic transmission such as continuous variable transmission, dual clutch transmission, and increasing demand for pure electric vehicles across developing regions are likely to drive the market for transmission control unit during the forecast period. However, the report also discusses the market restraints such as high cost associated with the transmission control unit, due to which it is installed in high-end vehicles.
The report has segmented the transmission control unit market based on transmission type, transmission control unit type, vehicle, sales channel, and region. In terms of transmission type, the report has split the automotive transmission control unit market into dual clutch transmission, automated manual transmission, and others. Rising demand for dual clutch transmission, due to its advantages such as fuel efficiency, driving comfort, smooth gear shifting ability, and competitive cost is likely to propel the segment during the forecast period.
Based on control unit type, the automotive transmission control unit market is divided into electronically controlled, hybrid, and other. Currently electronically controlled transmission unit is mostly utilized in all types of vehicles owing to its advantages such as it enhances fuel efficiency, improves driving conditions, and is capable of self-diagnosis. These factors are expected to boost the segment during in forecast period.
In accordance with vehicle, the TMR report has bifurcated the automotive the transmission control unit into passenger vehicle and commercial vehicle. The passenger vehicle segment is likely to dominate the transmission control unit market during the forecast period owing to the increasing demand for passenger vehicles across the globe. Increasing demand for automatic transmission in passenger vehicles is a major factor driving the transmission control unit market. Furthermore, rising demand for passenger vehicles in developed countries owing to rapid urbanization, increased per capita income and decrease in the bank rates are also boosting the market.
In terms of regional perspective, the automotive transmission control unit market is segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Among these, North America dominates the global transmission control unit market. It is anticipated to maintain its dominant position in the global market during the forecast period, owing to expansion of the auto industry, consistent rise in the sales of passenger vehicle and commercial vehicles, higher consumption of automatic transmission vehicles, and high rate of adoption of new technology in the region.
Prominent players operating in the global transmission control unit market are included in this report to give a better competitive analysis and these include Hitachi Ltd, Continental AG, Mitsubishi Electric Corporation, Robert Bosch GmbH, Delphi automotive Plc. ZF Friedrichshafen AG, and TREMEC.
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