The Automotive Torque Vectoring Market is projected to grow at a CAGR of 10.4 % from 2020 to 2027. From a market size of USD 6.90 billion in 2020, it is projected to reach a market size of USD 12.27 billion by 2027. Torque vectoring is a technique, primarily employed in differentials of automobiles. A differential helps in the transfer of engine torque toward the wheels. Torque vectoring provides the differential with the capability to fluctuate the torque to each wheel. This technique of power transfer has become popular mostly in all-wheel drive vehicles. Certain new front-wheel drive vehicles have a rudimentary torque vectoring differential as well. With improved technological advancements in the automotive industry, other vehicles are also being equipped with torque vectoring differentials, thereby allowing the wheels to grip the road for better handling and launch.
Torque vectoring works in two ways; the simple and inexpensive way includes brake, but the more complex one involves complicated active differential-based torque vectoring. Increasing demand for luxury and high-performance vehicles with safety stipulations to abide by is pumping up the integrational need for torque vectoring. Furthermore, technological brilliance is opening up vistas to work on which can give growth of torque vectoring market a smooth ride in the coming years. At the same time, electric cars, along with concept cars is expected to launch innovation with which the market can expect to grow further. What it does best is maintaining sync amidst performance, cost, and weight of the car.
The rising need for safety and convenience in multiple topography systems is one of the key drivers for the growth of the automotive torque vectoring system market. A 4WD or four-wheel drive system offers extreme traction to all the wheels of a vehicle which prevents loss of control, especially in slippery roads. Moreover, an AWD or all-wheel-drive system engages all the four wheels in a vehicle and diminishes the need for mode switching between 4WD and 2WD.
The torque vectoring system also improves the ease of driving for drivers during bad road conditions by collecting information using sensors that helps to monitor the wheel steering angle, yaw rate, and wheel speed. This in turn assists in recognizing the road conditions in order to alter the torque figures to the wheel of the vehicle much before it loses traction. Additionally, the system enhances off-road performance by mechanically changing the torque to the wheels of the vehicle to sustain traction and provides a torque vectoring system that offers greater safety and convenience than a 4WD system. Furthermore, the system distributes the torque uniformly amongst the wheels, thereby diminishing the engine load when the vehicle travels uphill.
One of the newest trends that will gain momentum in the global automotive torque vectoring system market is the advent of compact, highly-flexible, and lighter torque vectoring systems. Aiming on refining the torque vectoring systems, manufacturers around the world are focused on developing lightweight and compact systems. This will increase the overall market for automotive torque vectoring systems.
In terms of geography, the global automotive torque vectoring system market can be classified into five regions - North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for the maximum share in the global automotive torque vectoring system market and is forecasted to continue the domination during the coming years. The growing preference for pickup trucks and SUVs, the availability of better leasing options, growing credit availability, and drop in gasoline prices are likely to drive the growth of the SUV cars market in the region, thereby fuelling demand for automotive torque vectoring systems.
The major players in the torque vectoring market for automotive are GKN (UK), American Axle (US), Dana (US), BorgWarner (US), Eaton (Ireland), ZF (Germany), JTEKT (Japan), Getrag (Canada), Bosch (Germany), Univance (Germany), Schaeffler (Germany), Timken (US), Ricardo (UK), and Oerlikon Graziano (Italy).
Report : Automotive Torque Vectoring Market -By Technology (Active Torque Vectoring System (ATVS) And Passive Torque Vectoring System (PTVS).), By Propulsion (Front Wheel Drive, Rear Wheel Drive, And All/Four-Wheel Drive), By Ev Type (), By Clutch Actuation Type (Hydraulic And Electronic), And By Region (North America, Asia Pacific, Europe, Middle East & Africa and Latin America) - Industry Analysis, opportunity and Forecast 2020 To 2027