Elettronica
Transmission Control System Market to Reach $58.61 Bn, Globally, by 2026 at 6.3% CAGR: Allied Market Research
Increase in demand for automatic transmission in vehicles and rise in trend of autonomous vehicles drive the growth of the global transmission control system market. However, high cost of transmission control system restrains the market growth. On the other hand, production of active shift control transmission is expected to create new opportunities in the market.
Based on installation, the integrated segment held more than half of the total share of the global transmission control system market in 2018, and is expected to continue its lead position during the forecast period. This is due to electronic set and electrical components such as transmission control unit, sensors, solenoids, and hydraulic valve body are integrated into a single module which makes it the largest segment in installation. However, the would witness the highest from 2019 to 2026, as it is inexpensive and easy-to -use, and offers benefits such as reliability and high performance.
Based on vehicle type, the passenger vehicle segment held the largest market share of the in 2018, accounting for nearly two-third of the total share, and will maintain its leadership position in terms of revenue throughout the forecast period. Rise in infrastructural development has fueled the adoption of passenger cars, and propelled the growth of the segment. However, the is estimated to register the fastest from 2019 to 2026. Increase in demand for fuel efficient vehicle and government initiatives for adoption of electric vehicle makes this segment the fastest growing.
Based on region, contributed to the highest market share in terms of revenue, contributing to more than two-fifths of the global transmission control system market in 2018, and is estimated to continue its dominant share during the forecast period. In addition, the region is estimated to witness the highest from 2019 to 2026. Rising population, government policies for emission control and increase in demand for Automobiles, augmented the growth of the region.
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