The Torque Vectoring Market Is Expected To Reach The Value Of USD 22,287.08 Million By 2029.
The Torque Vectoring Market Is Expected To Reach The Value Of USD 22,287.08 Million By 2029.
The Torque Vectoring Market and Size
Manufacturers of automotive industries are continuously trying to find out ways to increase the precision of work, enhanced services and to work with growing technology. Implementation of torque vectoring systems in vehicles can provide enhanced safety features and better car performance which allows the consumers to enjoy the comforts of automobiles. The torque vectoring systems market is growing due to advancement in technology factors such as intelligent torque vectoring approach for ADAS vehicles, emergence of EV’s and its torque vectoring system and increase in population and rapid urbanization is boosting the adoption of these technologies
Torque Vectoring Market Dynamics
Drivers
- Increase in population and rapid urbanization
Over a decade, industrialization and urbanization have played a significant role in the emergence and growth of the automotive industry. The growing global population and the majority of the population shifting towards urban areas for a better opportunity and better living standards plays a vital role in shaping the automotive industry sector.
This growing tread of torque vectoring systems in urbanized areas boosts the market growth as all consumers are shifting towards advanced safety vehicles with advanced torque vectoring systems ensuring max safety and efficiency. Thereby rapid urbanization, population, the emergence of mobility as a service (MaaS) technologies, and change in consumer behavior pattern is forcing the major players to develop vehicles with advanced torque vectoring systems for the consumer to gain the market, leading to growth in global torque vectoring market across all regions of the globe.
- Intelligent torque vectoring approach for ADAS vehicles
Advanced driver-assistance systems (ADAS) are electronic systems implanted in automobiles to assist driving vehicles or self-driving cars. This system uses sensors such as radars and cameras for analysis and takes automatic action based on the vehicle's surroundings. This system implemented in automobiles enables the enhancement of safety systems in terms of driving by avoiding collisions, adopting cruise control, anti-locking of brakes, automation in lighting, pedestrian crash avoidance mitigation (PCAM), and many others.
Adopting ADAS technologies in the automotive industry directly relates to the growth of the torque vectoring market. Consumers will prefer safety & advanced features such as self-driving capabilities and advanced security features. This boosts the adoption of torque vectoring systems and market growth across all regions of the globe.
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Global Torque Vectoring Market Scope
The torque vectoring market is segmented on the basis of component, technology, clutch actuation type, driving wheel type, vehicle type, and propulsion type. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
- Hardware
- Services
On the basis of component, global torque vectoring market has been segmented into hardware and services.
Technology
- Active Torque Vectoring System (ATVS)
- Passive Torque Vectoring System (PTVS)
On the basis of technology, global torque vectoring market has been segmented into active torque vectoring system (ATVS) and passive torque vectoring system (PTVS).
Clutch Actuation Type
- Electric
- Hydraulic
On the basis of clutch actuation type, global torque vectoring market has been segmented into electric and hydraulic.
Driving Wheel Type
- Rear-Wheel Drive (RWD)
- Front-Wheel Drive (FWD)
- All-Wheel Drive/Four-Wheel Drive (AWD/4WD)
On the basis of driving wheel type, global torque vectoring market has been segmented into rear-wheel drive (RWD), and front-wheel drive (FWD), all-wheel drive/four-wheel drive (AWD/4WD).
Vehicle Type
- Passenger cars
- Commercial vehicles
- Off road vehicle
On the basis of vehicle type, global torque vectoring market has been segmented into passenger cars, commercial vehicles, and off road vehicle.
Propulsion Type
- Diesel/Petrol/CNG
- Electric vehicle
Torque Vectoring Market Regional Analysis/Insights
The torque vectoring market is analysed and market size insights and trends are provided by component, technology, clutch actuation type, driving wheel type, vehicle type, and propulsion type as referenced above.
The countries covered in the Torque vectoring market report are U.S., Canada and Mexico in North America, Germany, Spain, France, Russia, Turkey Czech Republic, U.K., Italy, Poland, Romania, Hungary, Belgium, Sweden, Netherlands, Finland, Belarus, Switzerland, and the rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia and New Zealand, Thailand, Indonesia, Philippines, Taiwan, Vietnam, and the rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Kuwait, and the Rest of the Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina, Colombia, Chile, Ecuador, Peru, Paraguay, Costa Rica, and Rest of South America as part of South America.
Competitive Landscape and Torque Vectoring Market Share Analysis
The Torque Vectorings market is analyzed and market size insights and trends are provided by country, technology, high energy laser system, product, end user and application as referred above.
The countries covered in the Torque Vectorings market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Key Players Torque Vectoring Market
Some of the major players operating in the torque vectoring market are BorgWarner Inc., Eaton, American Axle & Manufacturing, Inc., Dana Limited, JTEKT Corporation, Magna International Inc., Robert Bosch GmbH, UNIVANCE CORPORATION, Protean, Hewland Engineering Ltd, Continental AG, Modelon, GKN Automotive Limited, Drako Motors, Inc., Prodrive Holdings Limited, MITSUBISHI MOTORS CORPORATION, Haldex, Schaeffler AG, THE TIMKEN COMPANY, Linamar Corporation, Ricardo, ZF Friedrichshafen AG among others.
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