Automotive Transmission Market Size, Share, Trends & Industry Analysis by 2028
The global automotive transmission market size was valued at USD 62.4 billion in 2023 and is expected to reach USD 4.2 billion by 2028, at a CAGR of 6.2% during the forecast period. The growth in the market is primarily driven by technological advancements leading to more efficient transmission systems and stringent emissions regulations necessitating the adoption of fuel-efficient transmission...
Driveline Market Size for Electric and Hybrid Vehicles worth USD 63.32 Billion by 2025
The driveline market for electric and hybrid vehicles is projected to grow from USD 18.14 Billion in 2017 to USD 63.32 Billion by 2025, at a CAGR of 16.92%.
The market is projected to grow due to key reasons such as increasing demand for electric and hybrid vehicle and advancement in driveline technologies such as E-CVT and E-axle.
In power electronics, power control unit (PCU) is expected to...