Automotive Automatic Transmission Market Growth, Top Players, and Forecast by 2031

The automotive automatic transmission market is expected to register a CAGR of 6.7% during 2023–2031. The rise in adoption of electric and hybrid vehicles is likely to remain a key trend in the market.

Automotive Automatic Transmission Market Analysis

• The growth of automatic transmission systems is also accompanied by an increase in demand for electric and hybrid vehicles, which only function with the help of specific transmission systems. Furthermore, the rapid spread of adaptive and automatic transmission control has led to the development of auto-shift manual transmission.
• Also, as the advanced automatic transmission systems are gaining more credibility, manufacturers increasingly favour them over conventional manual systems as they prove to be environment-friendly and facilitate smooth driving experience.

Automotive Automatic Transmission Market Overview

• The growth of the market has been associated with the development of advanced manual transmissions with automatic-shift mode and adaptive transmission control, which indicates the trend toward sophisticated transmission technologies. The other trend which is driving the market is the increasing demand for electric and hybrid vehicles, which require advanced transmission systems.
• Transmission systems have electric motors and power electronics, which are highly demanded in low-carbon technology. This has been facilitated by the shift toward high-efficiency electric vehicles. The integration of electric motors and power electronics in automatic transmission system is expected to drive the global automotive automatic transmission market in the future.

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Automotive Automatic Transmission Market: Strategic Insights

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Automotive Automatic Transmission Market Drivers and Opportunities

Increasing Adoption of Automatic Transmission in Vehicle to Favor the Market

• The increasing vehicle population by automatic transmission in vehicles is one of major driving factors of automotive automatic transmission market. The factors are increasing use of auto-shift manual transmission system with Adaptive transmission control, increasing trend of electric and hybrid vehicles. Also, the objective of both automakers to maximized innovation and efficiency to facing this environmental challenge leads to automotive automatic transmission industry towards growth.
• However, with government regulations for reducing carbon emission and increment of fuel efficiency by vehicle manufacturers, the manufactures forced to utilize the latest transmission system which leads to market trend towards growth.

The integration of electric motors and power electronics in transmission systems

• Integration of electric motors and power electronics with automotive automatic transmission is understandably a momentous leap in the automotive automatic transmission market. This integration is in tandem with the recent tightening of the emission regulation world over and the call by the vehicle user expectations for high fuel economy. Therefore, electrification of the automotive transmission plays a pivotal role going ahead in the automotive transmission technology mostly for electric and hybrid vehicle technology.
• Integration of electric motor and power electronics with automotive automatic transmission is one significant factor for the transition to an imminent robust growth in the automotive automatic transmission market. With this integration the performance vehicle drives, pollution level reduction and fuel economy is enhanced.

Automotive Automatic Transmission Market Report Segmentation Analysis

Key segments that contributed to the derivation of the automotive automatic transmission market analysis are type, fuel type, and vehicle type.

• Based on type, the automotive automatic transmission market is divided into automatic transmission, automated manual transmission, dual clutch transmission, and continuously variable transmission.
• On the basis of fuel type, the market is divided into gasoline, diesel, electric vehicle, and hybrid.
• Based on vehicle type, the automotive automatic transmission market is divided into passenger cars, light commercial vehicles, and heavy commercial vehicles.

Automotive Automatic Transmission Market Share Analysis by Geography

• Automotive automatic transmission market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
• Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering automotive automatic transmission market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
• Also, the report covers PEST analysis, which involves the study of major factors that influence the automotive automatic transmission market in these regions.

Automotive Automatic Transmission Market Regional Insights

The regional trends and factors influencing the Automotive Automatic Transmission Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Automotive Automatic Transmission Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Automotive Automatic Transmission Market Report Scope

Automotive Automatic Transmission Market Players Density: Understanding Its Impact on Business Dynamics

The Automotive Automatic Transmission Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Automotive Automatic Transmission Market are:

1. Brog Warner Inc
2. Daimler AG
3. Continental AG
4. Delphi Automotive
5. Eaton Corporation Plc
6. Fiat Powertrain Technologies

Disclaimer: The companies listed above are not ranked in any particular order.

Automotive Automatic Transmission Market News and Recent Developments

The automotive automatic transmission market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the automotive automatic transmission market are listed below:

• ZF PowerLine marks the start of a small revolution in the medium-heavy trucks, pickups, and bus segments: With eight gears and a design principle adopted from world leading passenger car systems, the new automatic transmission surpasses the systems currently available. (Source: ZF Friedrichshafen AG, Company Website, December 2019)
• Ford has started production of a new 10-speed automatic gearbox option for rear-wheel drive (RWD) Transit models that offers excellent fuel efficiency, 1 outstanding durability and the ability to tow up to 2,800kg2. (Source: The Ford Motor Company, Company Website, June 2021)

Automotive Automatic Transmission Market Report Coverage and Deliverables

The “Automotive Automatic Transmission Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Automotive automatic transmission market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Automotive automatic transmission market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Automotive automatic transmission market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the automotive automatic transmission market
• Detailed company profiles