Emerging Trends to Drive Automotive Automatic Transmission Market Growth at 7.8% CAGR Through 2029

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Automotive Automatic Transmission Market Size Growth Forecast: What to Expect by 2025?
The market size of automatic transmissions in the automotive industry has shown robust growth lately. The market size is projected to increase from $67.44 billion in 2024 to about $72.9 billion in 2025, posting a compound annual growth rate (CAGR) of 8.1%. Factors that have contributed to the growth experienced in the past include the greater incorporation of hybrid and plug-in hybrid systems, rising demand for vehicles equipped with automatic transmission, a shift towards better fuel efficiency and lower emissions, growing preference for comfort and ease in driving, and the global expansion of the automotive industry.

How Will the Automotive Automatic Transmission Market Size Evolve and Grow by 2029?
The market size of the automotive automatic transmission is projected to experience significant expansion in the upcoming years, with a prediction to reach $98.6 billion in 2029, growing at a compound annual growth rate (CAGR) of 7.8%. The projected growth during the forecasting phase is owed to factors such as increasing selection of electric vehicles equipped with automatic transmissions, the incorporation of sophisticated driver-support systems (ADAS) in transmissions, strict emission regulations, expansion of vehicle fleets for ride-sharing and autonomous driving, and innovation in materials and manufacturing methods for lighter and more efficient transmissions. Key trends expected during the forecast period include a move towards dual-clutch and continuously variable transmissions, technological progress in transmission systems, creation of predictive maintenance strategies for transmissions, a focus on connectivity and communication within transmission systems, and the rise in subscription-oriented transmission services and upgrades.

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What Drivers Are Propelling the Growth of Automotive Automatic Transmission Market Forward?
The upward trend in electric vehicle adoption is likely to boost the advancement of the automotive automatic transmission industry. Electric and hybrid cars, powered by one or multiple electric motors either solely or in conjunction with an internal combustion engine, offer less environmental damage and greater energy efficiency. This trend's growth is attributed to environmental worries, government incentives, battery technology improvements, and rising consumer demand for fuel economy. Automotive automatic transmission systems are used in electric cars to effectively manage power distribution and improve driving performance. For example, in April 2023, the International Energy Agency (IEA), an independent intergovernmental institution based in France, reported a significant spike in global electric car sales, with an additional 3.5 million units sold in 2023, marking a substantial 35% annual increase from 2022. Therefore, the increasing transition to electric vehicles fuels the growth of the automotive automatic transmission industry.

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Which Emerging Trends Are Transforming the Automotive Automatic Transmission Market in 2025?
Leading corporations in the automotive automatic transmission sector are striving to create novel solutions like intelligent clutch heat mapping algorithms to secure a strategic advantage in the industry. The aforementioned algorithm consists of an advanced software-driven system embedded in automotive automatic transmission mechanisms to oversee and enhance clutch operation. For instance, in July 2022, ZF India, an Indian arm of ZF Friedrichshafen AG focusing on the production and provision of integral hydraulic power steering systems, introduced the EcoTronic Mid Automated Manual Transmission (AMT) for commercial vehicles. This system provides critical data to boost fleet efficiency. It includes a 'rock-free' feature for a seamless driving experience on challenging terrains; it also promotes clutch longevity and improved gearbox lifespan, thus cutting back vehicle non-operational periods. This Indigenous transmission is suited to various uses like road logistics, passenger conveyance, and mining due to its simplicity and trustworthiness.

What Are the Key Segments in the Automotive Automatic Transmission Market?
The automotive automatic transmission market covered in this report is segmented -

1) By Type: Automatic Transmission, Automated Manual Transmission, Dual Clutch Transmission, Continuously Variable Transmission
2) By Fuel Type: Gasoline, Diesel, Hybrid
3) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles

Subsegments:
1) By Automatic Transmission: Conventional Automatic Transmission (Torque Converter), Multi-Speed Automatic Transmission
2) By Automated Manual Transmission: Single-Clutch Automated Manual Transmission, Multi-Clutch Automated Manual Transmission
3) By Dual Clutch Transmission: Dry Dual Clutch Transmission, Wet Dual Clutch Transmission
4) By Continuously Variable Transmission: Hydraulic CVT, Electric CVT, Belt-Chain CVT

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Who Are the Key Players Shaping the Automotive Automatic Transmission Market's Competitive Landscape?
Major companies operating in the automotive automatic transmission market are Ford Motor Company, General Motors, Continental AG, ZF Friedrichshafen AG, Magna International Inc., Aisin Seiki Co. Ltd., Eaton Corporation PLC, Schaeffler AG, BorgWarner Inc., JTEKT Corporation, Dana Incorporated, NTN Corporation, GKN Automotive Limited, Voith Group, AVL List GmbH, Allison Transmission Inc., Ricardo plc, Tremec Corporation, Punch Powertrain NV, JATCO Ltd., Honda Transmission Manufacturing of America, GETRAG, Hyundai PowerTech Co. Ltd.

What Geographic Markets Are Powering Growth in the Automotive Automatic Transmission Market?
North America was the largest region in the automotive automatic transmission market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive automatic transmission market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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