The Global EV Transmission Market size is expected to grow from USD 9.75 billion in 2023 to USD 39.78 billion by 2030, at a CAGR of 16.91% during the forecast period (2024-2032).
Transmission for electric vehicles is used to transmit mechanical power from the electric traction motor to the wheels of an electric vehicle. The majority of electric cars only have a single-speed transmission since, in today's world, it is sufficient for efficient operation. There are other vehicle types, though, for which using a multi-speed gearbox makes sense. Since discrete power devices and obscure design methodologies predominated in the field of power electronics a few years ago, where they were often closely supervised by professional power engineers, the field has advanced significantly. Power electronics are now being integrated into systems by integrating with high-speed networking, microprocessors, converters for smart power designs, and cutting-edge thermal management techniques.
Prominent Key Players – Covered in the report:
BorgWarner Inc. (USA), Allison Transmission Inc. (USA), TREMEC Holding Corporation (USA), Dana Incorporated (USA), Magna International Inc. (Canada), Valeo S.A. (France), Voith GmbH (Germany), ZF Friedrichshafen AG (Germany), Aisin Seiki Co., Ltd. (Japan), Bosch Rexroth AG (Germany), ThyssenKrupp AG (Germany), AVL Schrick GmbH (Germany), AVL Speed GmbH (Germany), Schaeffler AG (Germany), Eaton Corporation plc (Ireland), Marelli S.p.A. (Italy), GKN Automotive (UK), TE Connectivity Ltd. (Switzerland), AVL List GmbH (Austria), AVL DiTEST GmbH (Austria), AVL India Pvt Ltd (India), JATCO Ltd. (Japan), Mitsubishi Electric Corporation (Japan), HYUNDAI WIA Corporation (South Korea)
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Market Dynamics:
Market Driver
A key driver of the EV Transmission market is the growing demand for electric vehicles, driven by heightened environmental awareness and stringent government regulations aimed at reducing carbon emissions. Governments worldwide are implementing policies and incentives to promote EV adoption, such as tax benefits, subsidies, and stricter emission standards for internal combustion engine vehicles. This regulatory push, coupled with advancements in battery technology leading to longer driving ranges and lower costs, is accelerating the transition to electric mobility and driving the demand for advanced transmission systems that can meet the performance and efficiency requirements of modern EVs.
Market Opportunity
One of the significant opportunities in the EV Transmission market lies in the development of innovative multi-speed transmission systems. Unlike conventional single-speed transmissions, multi-speed transmissions can offer improved energy efficiency, better acceleration, and higher top speeds. With the growing focus on enhancing the overall performance and driving experience of electric vehicles, there is substantial potential for manufacturers to develop and commercialize advanced multi-speed transmission solutions. Investing in research and development to create lightweight, compact, and efficient transmission systems can provide a competitive edge and cater to the evolving demands of both automotive manufacturers and consumers.
Key Chapter Will Be Provided In The Report
- Patent Analysis
- Regulatory Framework
- Technology Roadmap
- BCG Matrix
- Heat Map Analysis
- Price Trend Analysis
- Investment Analysis
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Segmentation of The EV Transmission Market
By Transmission System
AMT Transmission, CVT Transmission, AT Transmission
By Transmission Type
Single Speed, Multi-Speed
By Vehicle Type
Battery Electric Vehicle, Plug-In Hybrid Electric Vehicle, Hybrid Electric Vehicle
Regional Analysis:
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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