Global market overview of automotive brake boosters
At present, the automotive market is increasingly replacing mechanical and hydraulic systems with electronic systems in vehicles. The main aim underlying this mechanism is to reduce the weight of the vehicle and incorporate additional features such as safety and comfort. One of the most trending applications in the vehicle check area is the brake-by-wire technology for the automotive brakes system. Based on a fault-tolerant structure, this system will have a pedal module, a dependable power system, a central supervisory control system, four intelligent braking actuators, and interfaces to other on-board vehicle systems. Such advanced braking technologies will significantly boost the growth prospects for the brake boosters in the coming years. Technavio’s market research analyst predicts the global automotive brake booster market to grow at a CAGR of around 9% by 2020.
APAC will continue to dominate the automotive brake booster market during the forecast period and is expected to occupy more than 54% of the overall market share by 2020. Much of the region’s growth comes from the rising production of auto parts and the presence of major car brands. Vendors are focusing to develop vehicles that are fast and safe, which has pushed them to create advanced brakes in vehicles. The increasing government regulations for improving vehicle safety will strongly contribute to the demand for automotive brake boosters in APAC over the next
Overview of the global automotive hydro mechanical variable transmission systems market
Market research analysts at Technavio have predicted that in terms of units shipped, the global automotive hydro mechanical variable transmission systems market will grow impressively at a CAGR of almost 67% by 2020. HVT (Hydro-mechanical variable transmission) systems combine hydrostatic and mechanical transmission systems and are controlled by a single electronic control. HVT systems offer more fuel efficiency than the other transmission systems without compromising the efficiency of the vehicle and also offer sharp focus on energy efficiency and lower emissions. This system uses a pump motor instead of a variator, which makes it suitable for machines that work with high loads. Moreover, HVT produces equal speed in both forward and reverse gears, thereby maximizing transmission efficiency.
Advancements in technology have led to the replacement of mechanical components with electronic components and this electrification of vehicles has helped to reduce the weight of the vehicle and ensure higher accuracy in operations. Owing to this, there will be an increased adoption of electrification of the powertrain systems in the automotive industry. This advancement in powertrain technology will subsequently lead to lower CO2 emissions and high fuel efficiency, which in turn will attract significant interest from consumers and original equipment manufacturers (OEMs).
Geographical segmentation and analysis of the automotive HVT systems market
During 2015, the Americas dominated the automotive HVT systems market and accounted for about 45% of the total market share. Factors such as higher
Outlook of the global automotive torque converter market
A torque converter is a device that acts as a bridge between the engine and the transmission and allows a vehicle engine to spin independently of the transmission. The global market for automotive torque converters will grow moderately during the forecast period, and the prospects for its growth will be heavily dependent on the sale of automatic transmission vehicles over the next few years. Automatic transmission vehicles, especially passenger cars, are gaining traction in the global market due to the presence of congested stop-and-go driving conditions. This technology eliminates the use of clutches, as a result of which, gear-shifts are more simplified. Since this technology puts less pressure on the driver, people from across the globe are buying passenger cars that have an automatic transmission system. The global market for automotive torque converters will grow at a CAGR of more than 4% until 2020.
Technavio’s market research analyst has estimated that the presence of eminent factors, such as recent powertrain advancements, will aid in the growth of this market during the forecast period. The powertrain is comprised of the engine, transmission, and the drivetrain of an automobile. The primary function of an automotive powertrain is to provide power to the vehicle. Recent advances in powertrain technology have helped manufacturers to develop transmission systems that can handle higher internal pressures and greater instantaneous forces.
Segmentation by end users and analysis of the automotive torque converter market
- Original equipment manufacturer (OEM)
In this market study, Technavio’s analysts have estimated the OEM market segment to experience the highest growth during the forecast period. Much of this segment’s growth can be
Overview of the continuously variable transmissions (CVT) system market in APAC
Technavio’s market research analyst predicts that the continuously variable transmissions (CVT) system market in APAC will grow impressively at a CAGR of just over 12% during the forecast period. Rising health and environmental concerns have led to the implementation of stringent emission norms, which in turn is expected to drive the prospects for growth in this market over the next few years. Besides this factor, the globalization of the auto industry will have a big impact on the APAC region. Earlier, such regulations were mostly prevalent in developed countries such as US, Germany, UK and Canada. However, various countries from APAC have adopted emission regulations in a bid to control the harmful impact on the natural environment. Such legislations mandate the use of efficient technologies that help to reduce emissions and improve fuel economy. With more countries adopting emission norms, the OEMs are expected to drive the adoption of CVT system at a rapid pace until the end of 2020.
In this industry research report, the analysts have estimated factors such as advances in the powertrain technology to contribute to the growth of this market over the forecast period. Early transmission systems comprised of multiple mechanical components, which were replaced with electronic components. The incorporation of electronic components will not only help to reduce the weight of the vehicle but also ensure higher accuracy in operations.Recent advances in powertrain technology have also led to the introduction of transmission systems that have higher internal pressures and greater instantaneous forces. Such technological advances enable seamless gear shifts without the loss of tractive force. Since these advances have made quite an impression on manufacturers and consumers, it will lead to the extensive use of CVT technologies until the
Overview of the motorcycle adaptive cruise control market
Market research analysts at Technavio have estimated the global motorcycle adaptive cruise control market to grow steadily at a CAGR of above 9% by 2020. The expanding customer segment for touring is considered to be one of the primary drivers in this market. Rider fatigue is identified as one of the primary reasons for motorcycle accidents. Adaptive cruise control systems facilitate drivers to relax by letting go of the throttle but maintain consistent speed by steadily fueling the engine. The increasing focus of consumers towards luxury and ultra-luxury motorcycles and the rise in motorcycle enthusiast participation in saddle sore challenge also account for the increase in adoption of cruise control mechanisms.
Luxury motorcycles are more powerful, efficient and offer better rider comfort than traditional motorcycles. The increasing awareness on rider comfort levels had led to a rise in sales of ultra-luxury and luxury motorcycles, and this industry research report identifies this as one of the major trends that will gain traction in this market during the forecast period. Moreover, the need to adhere to legal speed limits necessitates OEMs (original equipment manufacturers) to install cruise control mechanisms in their motorcycles.
Segmentation by motorcycle type and analysis of the motorcycle adaptive cruise control market
During 2015, the ultra-luxury motorcycle segment dominated the adaptive cruise control market and accounted for about 75% of the total market share. Mainly offered by OEMs in ultra-luxury motorcycles, cruise control mechanisms are usually expensive devices, offer riding pleasure and meet safety regulations. The estimated increase in the growth of the HNWI (high net worth individual) population will be the target for the ultra-luxury motorcycle
Overview of the auto component market in India
Technavio’s market research analysts have predicted that the auto component market in India will grow steadily at a moderate CAGR of around 19% by 2020. Production capacity expansion outpacing domestic consumption will drive export-oriented growth in the coming years and will be one of the major factors that will have a positive impact on the growth of the automobile component market in the coming years. Cost-efficient operations and acceptable quality have increased export volumes for the auto components to global OEMs (original equipment manufacturer). Moreover, recent regulations that facilitate 100% foreign direct investment in the automobile industry will attract more joint ventures and wholly owned subsidiaries. This will augment export growth to OEMs in global markets.
Factors such as the rising vendor consolidation, faster replacement market growth, increasing localization, export-oriented growth, and growing electronic content per vehicle have induced the Indian auto component segment to continue to grow much faster than the OEM segment. This, in turn, will invite more exports to OEMs from auto component manufacturers.
Segmentation by component and analysis of the auto component market in India
- Engine, suspension, and braking parts
- Body, chassis, and equipment
- drive transmission and steering parts
- Electrical parts
Accounting for almost 42% of the total market share during 2015, the engine, suspension, and braking parts segment dominated the auto component market in India. Various initiatives by the government to incubate complex skill sets in the automotive industry and the evolution of
Automotive components are increasingly seen as way to differentiate themselves from other vehicle manufacturers. Today there are more vehicle components related to passenger safety and comfort. This emphasis on safety and comfort has been influenced by regulatory authorities, such as the new car assessment program (NCAP) introduced by the National Highway Traffic Safety Administration of US, which advocates for adequate passenger safety measures and greater safety awareness among consumers. Also, components associated with reduced emissions and vehicle efficiency, including catalytic converters and turbochargers, have seen increased demand.
Technavio’s portfolio of automotive components market reports includes accessories, aftermarket accessories, camera modules, connectors, head-up display (HUD), electronics components, interior accessories, and tire pressure monitoring systems.