Press release
Electronic Transmission Control Unit Market Size, Share 2022, Impressive Industry Growth Report 2028
The global electronic transmission control unit market is anticipated to grow at a considerable CAGR of 5.6% during the forecast period (2022-2028).The electronic transmission control unit, also known as a gearbox control unit (GCU) or transmission control module (TCM) is one of the vehicle's electronic control units (ECUs) that is responsible for controlling an automatic transmission in motor vehicles. The major factor attributing to the growth of the global electronic transmission control unit market includes the increasing application of electronic transmission control units in modern vehicles due to various benefits associated with it. These benefits include maximization of comfortable and dynamic driving performance of the vehicle's engine and continuous diagnosis of transmission and its components making the vehicle's engine last for a longer time.
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The application of the electronic transmission control unit is also increasing for installation in motor vehicles due to the increasing number of motor vehicle production across the globe. According to the 2021 Production Statistics report published by the International Organization of Motor Vehicle Manufacturers (OICA), around 80 million motor vehicles were produced across the globe in 2021. Among these, around 23 million commercial vehicles were manufactured and around 57 million passenger cars were produced in 2021. Thus, propelling the growth of the global electronic transmission control unit market.
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The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instances-
• In March 2021, Continental AG expanded its engineering services in three new locations including Germany, England, and Italy by opening new branches of Continental Engineering Services (CES). This expansion will benefit customers of Continental AG by providing access to a wide product portfolio as per requirement.
• In December 2020, Magna International inc. signed a joint venture agreement with LG Electronics forming a new joint venture called "LG Magna e-Powertrain". This joint venture will aim at the production of automotive motors, inverters, and control units and the development of its position in the electric powertrain market.
Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Type
o By Application
o By Fuel Type
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Rober Bosch GmbH, BrogWarner Inc., Continental AG, General Electric Co. Ltd., and Denso Corp., among others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Electronic Transmission Control Unit Market Report by Segment
By Type
• Variable Electronic Transmission Control Unit
• Continuously Variable Electronic Transmission Control Unit
By Application
• Passenger Vehicles
• Light Commercial Vehicles
• Heavy Commercial Vehicles
By Fuel Type
• Gasoline
• Diesel
• Hybrid
Media Contact:
Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
About Us:
Orion Market Reports (OMR) endeavors to provide an exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and the most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
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