openPR Logo
Press release

Torque Vectoring Market Set to Surge to US$ 43 Billion by 2033

03-04-2024 02:42 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact.MR

Torque Vectoring Market

Torque Vectoring Market

In 2023, the global torque vectoring market was valued at US$ 10.7 billion. Projections indicate a significant surge to US$ 43 billion by 2033, with an impressive Compound Annual Growth Rate (CAGR) of 15% anticipated during the forecast period spanning from 2023 to 2033.

๐—š๐—ฒ๐˜ ๐—™๐—ฟ๐—ฒ๐—ฒ ๐—ฆ๐—ฎ๐—บ๐—ฝ๐—น๐—ฒ ๐—ฅ๐—ฒ๐˜€๐—ฒ๐—ฎ๐—ฟ๐—ฐ๐—ต ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐—–๐—ผ๐—ฝ๐˜†:

https://www.factmr.com/connectus/sample?flag=S&rep_id=8788

Torque vectoring systems play a pivotal role in optimizing wheel power distribution. By enhancing handling, stability, grip, and overall performance, these systems empower drivers to manipulate torque allocation across specific wheel axles. This technology effectively regulates speed by redistributing the vehicle's weight to designated wheels, thereby enhancing traction. Configurations vary, encompassing front-wheel drive, rear-wheel drive, all-wheel drive, with options for customization to suit diverse automotive needs.

The core of the torque vectoring system often features an Advanced Torque Transfer System (ATTS), typically a compact automatic gearbox seamlessly integrated with the vehicle. Through a network of clutches, the ATTS unit optimizes torque delivery to wheels, ensuring superior traction.

Critical to the disc brake system, brake calipers encase brake pads and play a pivotal role in stopping the vehicle by exerting pressure on rotors. Typically crafted from cast iron, these components are indispensable for automotive safety.

Utilizing braking and stability control systems, brake-based torque vectoring offers a unique approach to power distribution. Rather than relying on differentials, this method selectively applies brakes to individual wheels, such as the inner wheel during turns, effectively enhancing maneuverability and stability.

๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ž๐—ฒ๐˜† ๐——๐—ฟ๐—ถ๐˜ƒ๐—ฒ๐˜€:

Performance Enhancement: Torque vectoring technology significantly improves vehicle performance by independently controlling the torque distribution to each wheel. This enhances traction, stability, and agility, leading to better handling and cornering capabilities.

Safety Improvements: By effectively managing the torque distribution, torque vectoring systems enhance vehicle stability and control, especially in challenging road conditions such as slippery surfaces or tight corners. This results in improved safety and reduced risk of accidents.

Fuel Efficiency: Advanced torque vectoring systems optimize power delivery, reducing energy wastage and improving fuel efficiency. By precisely distributing torque to wheels with the most traction, the system reduces unnecessary wheel slippage, thereby enhancing overall vehicle efficiency.

Customer Demand for Advanced Features: As consumer preferences continue to shift towards vehicles equipped with advanced safety and performance features, the demand for torque vectoring technology is expected to rise. Automakers are increasingly incorporating torque vectoring systems into their vehicles to meet these evolving consumer demands.

Regulatory Standards: Stringent regulatory standards related to vehicle safety and emissions are encouraging automakers to adopt advanced technologies such as torque vectoring to comply with regulations. These standards drive innovation and adoption of torque vectoring systems in the automotive industry.

Technological Advancements: Ongoing advancements in sensor technology, electronic control systems, and software algorithms are continually improving the performance and reliability of torque vectoring systems. These technological advancements are making torque vectoring more accessible and cost-effective for a broader range of vehicles.

Growing Adoption in Electric Vehicles (EVs): Torque vectoring technology is particularly beneficial for electric vehicles due to their instant torque delivery and individual wheel control capabilities. As the market for electric vehicles expands, the demand for torque vectoring systems is expected to increase correspondingly.

Racing and Motorsport Applications: Torque vectoring has proven its effectiveness in racing and motorsport applications, where precise control over vehicle dynamics is crucial for competitive advantage. The technology's success in these high-performance environments has led to its adoption in mainstream automotive applications.

๐—™๐˜‚๐˜๐˜‚๐—ฟ๐—ฒ ๐—ข๐˜‚๐˜๐—น๐—ผ๐—ผ๐—ธ:

The torque vectoring market is poised for significant growth in the coming years driven by technological advancements, increasing consumer demand for advanced features, and regulatory pressures. As automakers continue to prioritize vehicle performance, safety, and efficiency, torque vectoring technology will play a vital role in achieving these objectives. Moreover, the expanding market for electric vehicles and the continued evolution of autonomous driving technologies are expected to create new opportunities for torque vectoring systems. Overall, the future outlook for the torque vectoring market is highly promising, with continued innovation and adoption expected across various automotive segments.

๐—ฅ๐—ฒ๐—พ๐˜‚๐—ฒ๐˜€๐˜ ๐—™๐—ผ๐—ฟ ๐—™๐—ฅ๐—˜๐—˜ ๐—–๐˜‚๐˜€๐˜๐—ผ๐—บ๐—ถ๐˜‡๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜:

https://www.factmr.com/connectus/sample?flag=RC&rep_id=8788

๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ž๐—ฒ๐˜† ๐—ฃ๐—น๐—ฎ๐˜†๐—ฒ๐—ฟ๐˜€:

Continental AG
Bosch Ltd
JTEKT corporation
Eaton Corporation
American Axle & Manufacturing, Inc.
BorgWarner
Ricardo
Timken
Getrag

๐—–๐—ผ๐—บ๐—ฝ๐—ฒ๐˜๐—ถ๐˜๐—ถ๐˜ƒ๐—ฒ ๐—Ÿ๐—ฎ๐—ป๐—ฑ๐˜€๐—ฐ๐—ฎ๐—ฝ๐—ฒ:

The global market for torque vectoring is characterized by intense competition and constant innovation, with numerous automotive manufacturers, suppliers, and technology providers vying for prominence. Leading automotive OEMs are actively integrating torque vectoring technology into their vehicle lineup to elevate performance and handling capabilities. These OEMs either develop their own proprietary torque vectoring solutions or engage in partnerships with suppliers to incorporate the technology seamlessly.

Across the globe, research institutions and universities play a pivotal role in advancing torque vectoring technology through rigorous studies, the development of cutting-edge algorithms, and fruitful collaborations with industry stakeholders. Their collective efforts contribute significantly to pushing the boundaries of torque vectoring capabilities.

In March 2022, American Axle & Manufacturing, Inc. garnered the prestigious General Motors Overdrive Award, recognizing its commitment to sustainability, innovation, connectivity, cost-effectiveness, launch excellence, and safety. This accolade not only underscores the company's dedication but also opens doors for potential collaborations and partnerships, thereby enhancing its brand value within the market.

Toyota Motor Corp. showcased its forward-looking approach in February 2019 by unveiling two innovative AWD systems: the dynamic torque vectoring AWD and the 'E-Four 4WD system. The dynamic torque vectoring system, distinguished by the pioneering ratchet-type dog clutches on both front and rear wheel shafts, halts the rotation of the drive system, facilitating the seamless transmission of driving force to the rear wheels in 2WD mode.

๐—•๐—ฟ๐—ผ๐˜„๐˜€๐—ฒ ๐—™๐˜‚๐—น๐—น ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ @ https://www.factmr.com/report/torque-vectoring-market

๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ž๐—ฒ๐˜† ๐—ฆ๐—ฒ๐—ด๐—บ๐—ฒ๐—ป๐˜๐—ฎ๐˜๐—ถ๐—ผ๐—ป:

By Component :
Hardware
Software

By Technology :
Active Torque Vectoring Systems (ATVS)
Passive Torque Vectoring Systems (PTVS)

By Clutch Actuation Type :
Electric
Hydraulic

By Driving Wheel Type :
Rear-Wheel Drive (RWD)
Front-Wheel Drive (FWD)
All-Wheel Drive/Four-Wheel Drive (AWD/4WD)

By Vehicle Type :
Passenger Cars
Commercial Vehicles
Off-road Vehicles

By Propulsion Type :
Diesel/Petrol/CNG
Electric Vehicles

By Region :
North America
Latin America
Europe
Asia Pacific
Middle East & Africa

๐—˜๐˜…๐—ฝ๐—น๐—ผ๐—ฟ๐—ฒ ๐— ๐—ผ๐—ฟ๐—ฒ ๐—ฅ๐—ฒ๐—น๐—ฎ๐˜๐—ฒ๐—ฑ ๐—ฆ๐˜๐˜‚๐—ฑ๐—ถ๐—ฒ๐˜€ ๐—ฃ๐˜‚๐—ฏ๐—น๐—ถ๐˜€๐—ต๐—ฒ๐—ฑ ๐—ฏ๐˜† ๐—™๐—ฎ๐—ฐ๐˜.๐— ๐—ฅ ๐—ฅ๐—ฒ๐˜€๐—ฒ๐—ฎ๐—ฟ๐—ฐ๐—ต:

Traction Inverter Market:

https://www.factmr.com/report/traction-inverter-market ย 

Automotive Lighting Market:

https://www.factmr.com/report/4795/automotive-lighting-market

Automotive Fuel Injectors Market:

https://www.factmr.com/report/2235/automotive-fuel-injectors-market

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

๐€๐›๐จ๐ฎ๐ญ ๐…๐š๐œ๐ญ.๐Œ๐‘
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Torque Vectoring Market Set to Surge to US$ 43 Billion by 2033 here

News-ID: 3410474 • Views: โ€ฆ

More Releases from Fact.MR

Global Marzipan Market is Estimated to Expand at 2.9% CAGR through 2032
06-12-2024 | Food & Beverage
Fact.MR
Global Marzipan Market is Estimated to Expand at 2.9% CAGR through 2032
Progressing at a CAGR of 2.9%, the global marzipan market is projected to increase from a size of US$ 1.5 billion in 2022 to US$ 2.01 billion by 2032. With exorbitant demand for various confectionary items, marzipan industry is expected to witness persistence in the years to come. Technological advancements are also commercializing the production of marzipan, thereby putting the marzipan market on the top pedestal in the near future. Marzipanโ€ฆ
Mini LED Market Expected to Grow Steadily with a CAGR of 22% Until 2030
Mini LED Market Expected to Grow Steadily with a CAGR of 22% Until 2030
The mini LED market is projected to record at a dexterous CAGR of 22.5% through the period of forecasting between 2020 and 2030. The global mini LED (light emitting diode) market is set to witness mounting growth in the coming years, as a result of increasing popularity of LED TVs and the emergence of new market opportunities in the Asia Pacific region. The mini LED market is more consolidated inโ€ฆ
Global Feeding Distiller Dried Grains with Solubles Market to Witness 4.8% CAGR from 2018-2028
06-12-2024 | Food & Beverage
Fact.MR
Global Feeding Distiller Dried Grains with Solubles Market to Witness 4.8% CAGR โ€ฆ
According to this report, the feeding distillers dried grains with solubles (DDGS) market is projected to expand at a CAGR of 4.8% in terms of value throughout the period of assessment, 2018-2028. Feeding Distiller Dried Grains with Solubles (DDGS) has gained significant attention in recent years as a valuable alternative feed ingredient in animal nutrition. For More insights into the, Request a Sample of this Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=907 DDGS is a co-product of theโ€ฆ
Anti-Fatigue Mat Market Sales are Projected to Reach US$ 32.1 Billion by 2034
Anti-Fatigue Mat Market Sales are Projected to Reach US$ 32.1 Billion by 2034
Global sales of anti-fatigue mats are projected to reach US$ 19.4 billion in 2024. The market is expected to grow at a CAGR of 5.2%, reaching US$ 32.1 billion by the end of 2034. Anti-fatigue mats are specially designed floor coverings aimed at reducing pain or discomfort from prolonged standing. These mats are widely used in environments where individuals need to stand for long periods. For More Insights into the Market, Requestโ€ฆ

All 5 Releases


More Releases for Torque

Battery Torque Wrenches Market 2022 | COVID-19 Impact Analysis Report and Foreca โ€ฆ
New Jersey, United States,- Market Research Intellect has released a new publication on the Battery Torque Wrenches market, which has the title ""Analysis and forecast of the Battery Torque Wrenches market 2022.""The publication provides an in-depth assessment of the global automotive chassis dynamometers market based on competition, market dynamics, market segmentation and other vital aspects. The market research report is a compilation of comprehensive intelligence studies that explore almost every aspectโ€ฆ
Global Battery Torque Wrench Market Forecast 2018-2025 HYTORC, GEDORE Torque, IT โ€ฆ
Recently added detailed market study "Global Battery Torque Wrench Market" examines the performance of the Battery Torque Wrench market 2018. It encloses an in-depth Research of the Battery Torque Wrench market state and the competitive landscape globally. This report analyzes the potential of Battery Torque Wrench market in the present and the future prospects from various angles in detail. The Global Battery Torque Wrench Market 2018 report includes Battery Torque Wrenchโ€ฆ
SEAK Torque Market Report 2018: Segmentation by Type (Adjustable Click, Preset C โ€ฆ
Global SEAK Torque market research report provides company profile for Tonichi, King Tony, Gedore, Facom, Proto, Stahlwille and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation on theโ€ฆ
Global Battery Torque Wrench Market 2018 - RAD Torque Systems, Torque Gun, ITH, โ€ฆ
Apex Market Reports, recently published a detailed market research study focused on the โ€œBattery Torque Wrench Marketโ€ across the global, regional and country level. The report provides 360ยฐ analysis of โ€œBattery Torque Wrench Marketโ€ from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Batteryโ€ฆ
Global Torque Sensors Market Benefited by Introduction of New Applications of To โ€ฆ
Market Research Reports Search Engine (MRRSE) announces the addition of a new report titledย โ€œGlobal Market Study on Torque Sensors: Rotary Torque Sensors Expected To Be the Most Valuable Product Type Segment Throughout the Forecast Periodโ€.ย Torque sensors are devices used to measure the torque of various rotating systems including engines, electric motors, craft shifts, and gearboxes. In case of engines and machines, torque monitoring and measurement are considered to be imperative.โ€ฆ
Torque Sensors Global Market Benefited by Introduction of New Applications of To โ€ฆ
Torque sensors are devices used to measure the torque of various rotating systems including engines, electric motors, craft shifts, and gearboxes. In case of engines and machines, torque monitoring and measurement are considered to be imperative. Technological advancements have assisted companies to introduce new torque sensors that match the changing needs of the customers.ย  Request For Sample Report@ย http://www.mrrse.com/sample/1583 Theย global torque sensors marketย is predicted to register considerable growth during the forecast period owingโ€ฆ