9.5% CAGR growth by 2023 in Automotive Automatic Transmission Market| Key Players - DAIMLER AG, CONTINENTAL AG, EATON CORPORATION, AISIN SEIKI, DELPHI AUTOMOTIVE amongst others.

Market Analysis:

North Americas to Dominate the Market

North Americas will be the major revenue contributor to the automotive AT system market throughout the forecast period. The high demand and sales of sports sedans and high-performance cars is expected to drive the growth of the market in the region.

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The automatic transmission increases the ease of driving by eliminating the need of constant shifting of gears by the driver especially in heavy traffic conditions. Automatic transmission systems are receiving acceptance among consumers worldwide, particularly from developing economies. Transmission system manufacturers are also motivated to provide cost-effective solutions without compromising on the performance of the vehicle. The other main reasons for opting for this technology are fuel efficiency, augmented power requirements, growing demand for vehicle performance and increasing comfort levels. The above-mentioned factors have driven the R&D of transmission technologies.

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Market Segments:
Automotive Automatic Transmission Market is segmented by:
1. Types: Automatic Transmission (AT), Automatic Manual Transmission (AMT), Continuous Variable Transmission (CVT), Dual Clutch Transmission (DCT)
2. Fuel Type: Gasoline (Petrol), Diesel, Hybrid, Electric Vehicle
3. Vehicle Type: Passenger Cars, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV)
4. Geography: Nor:th America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments of the Market:
March 2018: Jaguar Land Rover India launches Range Rover Evoque Convertible with automatic transmission system

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