The global transmission control system market size was valued at $36.30 billion in 2018 and is projected to reach $58.61 billion by 2026, registering a CAGR of 6.3% from 2019 to 2026. Asia-Pacific accounted for the highest share in 2018 and is expected to be the highest contributor to the global market, in terms of revenue, during the transmission control system market forecast.
Transmission control system can be defined as a computer module, which is responsible for regulating or performing shifting and clutch functions of a vehicle’s automatic transmission by processing electrical signal from the its electronic control unit (ECU), various sensors such as accelerometers, brake pedal position sensor, and transmission fluid temperature sensor. The parameters of the input signal received by transmission control system include cruise control system, vehicle speed sensor, wheel speed sensors, and fluid pressure sensors, In addition, the output parameters of the system consist of torque converter clutch (TCC), pressure control solenoids, and shift lock.
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Major Market Players:
- ALLISON TRANSMISSION INC.
- BORGWARNER INC.
- CONTINENTAL AG
- Delphi Technologies
- DENSO Corporation
- Dana Limited
- Infineon Technologies AG
- ROBERT BOSCH GMBH
- ZF FRIEDRICHSHAFEN AG
Factors such as increasing demand for automatic transmission in vehicles and growing trend of autonomous vehicles is anticipated to propel the growth of the transmission control system market. However, high cost of transmission control system and its related components hinder the market growth. Furthermore, production of active shift control transmission is expected to provide remarkable growth opportunities for players operating in the transmission control system market.
Demand for increasing safety and comfort, while driving, propels the shift from manual transmission to automatic transmission. Automatic transmission offers safer & more comfortable, more resourceful-friendly, fuel-efficient, and better driving experience. With the adoption of automatic transmission, a driver does not need to change operate clutch and gears, which is remarkably comfortable, especially in cities where there is stop and go traffic. In addition, transmission control unit receives input from sensors in vehicles and information from an engine control unit (ECU) to shift the gears and ensure optimal operation. Leading automobile manufacturers are offering automatic transmission and all related components, which boosts its adoption in vehicles with automatic transmission and transmission control unit. For instance, Bosch, an automobile manufacturer offers an extensive product portfolio of components and systems for semi and fully automatic transmissions. Thus, rise in demand for automatic transmission in vehicles is anticipated to propel the growth of the transmission control system market.
Key Market Segments
- By Vehicle Type
- Passenger cars
- Commercial Vehicle
- Electric vehicle
- By Installation Type
- By Region
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Latin America
- Middle East
- North America
In recent years, there has been surge in the trend of autonomous vehicles, owing to growth in connected infrastructure and improved safety, along with reduction in traffic congestion. An autonomous vehicle is installed with a number of sensors, including LiDAR, RADAR, camera, and GPS. These sensors are short range (providing details of moving objects near the vehicle) as well as long range (providing details of high-speed oncoming vehicles) to help the vehicle sense any object or obstacle in its way, thus eliminating the chances of accidents. Autonomous vehicles can also help reduce traffic congestion. Based on a study by University of Illinois in 2017, it was proved that one autonomous car stuck in a traffic congestion can ease the congestion by controlling its speed and perform better as compared to other cars in the jam. Fuel consumption also reduces with the use of autonomous vehicles as fuel use increases, when cars slow down or get back up to speed. Transmission control system play a very important role in shifting of gears depending on the situation and traffic conditions. Thus, growing trend of autonomous vehicles propels the growth of the transmission control system market.
Key Benefits for Stakeholders
- This study presents the analytical depiction of the global transmission control system market analysis along with the current trends and future estimations to depict the imminent investment pockets.
- The overall market opportunity is determined by understanding the profitable trends to gain a stronger foothold.
- The report presents information related to the key drivers, restraints, and opportunities of the global transmission control system market with a detailed impact analysis.
- The current market is quantitatively analyzed from 2018 to 2026 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers in the industry.
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