Press release
Automotive Transmission Control Unit Market Size to Develop Lucratively by 2026
The transmission control unit offers advantages such as compact size, light weight, easy to install, and full application software for AMT or DCT control functionality, due to which it is gaining popularity among car manufacturers. 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 drive the transmission control unit market in the near future. 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 high cost associated with the transmission control unit, due to which it is installed in high-end vehicles, is likely to hamper the transmission control unit market during the forecast period.
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The transmission control unit market can be segmented based on transmission type, transmission control unit type, vehicle, sales channel, and region. Based on transmission type, the transmission control unit market can be segregated 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.
In terms of control unit type, transmission control unit market can be segmented 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.
Based on vehicle, the transmission control unit can be divided 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.
Based on sales channel, the transmission control unit market can be segregated into OEMs and aftermarket. Presence of major players in the transmission control unit market such as Continental AG, Delphi, Mitsubishi, and Bosch provides advance technology platforms, which are attracting car manufacturers as well as consumers.
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Based on region, the transmission control unit market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. 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.
Key players operating in the global transmission control unit market include Hitachi Ltd, Continental AG, Mitsubishi Electric Corporation, Robert Bosch GmbH, Delphi automotive Plc. ZF Friedrichshafen AG, and TREMEC.
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