The global automotive hybrid transmission system market was valued at USD 12 billion in 2016 and is anticipated to surpass USD 15 billion by 2021, says Technavio.
Technavio has announced its latest market research report on the global automotive hybrid transmission system market, under its automotive electronics portfolio. This market analysis enlists the main drivers and key emerging trends and offers a competitive analysis of key vendors like Aisin, BorgWarner, Continental, and ZF.
According to Siddharth Jaiswal, a lead analyst for automotive electronics research at Technavio, “The growing adoption of power-split continuously variable transmission systems will drive the growth in this market. The power-split CVT has a fixed gear ratio, and the strength of the belt or any other transmission medium in this system is not limited resulting in an increase in the adoption of these systems in the automotive hybrid transmission system market. Moreover, these systems have a higher torque handling capability than traditional CVT systems.”
The power-split device in the CVT system is designed to allow the vehicle to operate as a series hybrid. These devices let the engine operate independent of the vehicle speed and provide the required power to the wheels. Such benefits of using CVT systems will boost the demand for these products in the global market. Toyota, a leading vendor, recently manufactured hybrid, electric mid-sized hatchbacks such as Toyota Prius, Camry Hybrid, and Highlander Hybrid, which are installed with power-split CVT as the hybrid transmission technology.
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Integration of transmission with other systems to form electric drive units
The automotive OEMs are investing in advanced technologies for the integration of transmission systems with electric powertrain components. The various automotive components are electric motors, power electronics, and controllers that function in the hybrid and electric vehicle market. The manufacturers are developing electric drive units that are compact in size, weight, and integrate different components with hybrid and electric transmissions. The new electric drive system integrates transmission, motors, and inverter into one housing, enabling them to share the cooling system which in turn will drive the market growth.
Advancements in powertrain with higher number of gears in transmissions
The powertrain contains the transmission, engine, and the drivetrain of an automobile and the vendors in the market are using advanced technology to use electronic components in these systems. The use of electronic or mechanical components helps to increase the overall efficiency of the transmission systems. This gearshift guarantees that gear changes are performed without any loss of tractive force and that the timing of the shift is modified to suit the driving conditions. These technologies help improve fuel efficiency and aid in the significant reduction of carbon dioxide emissions.
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This research report includes an exhaustive study and market shares and sizes of the sub-sections and geography. A breakdown of the key companies, including their business overview, market shares, key financials, etc. is provided in this report. This market study also provides a detailed analysis of key drivers, challenges, and opportunities affecting this market.
A thorough analysis is accessible in the Technavio report titled, ‘Global Automotive Hybrid Transmission System Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Continuously Variable Transmissions System Market in APAC 2016-2020
- Global Low-floor Hybrid Bus Market 2016-2020
- Global IGBT-based Power Module Market 2016-2020
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