NEW
YORK, May 15, 2024 /PRNewswire/ -- The
global traction control system market size
is estimated to grow by USD 10.84 bn
from 2023-2027, according to Technavio. The market is estimated to
grow at a CAGR of 6.32% during the forecast
period.
For more insights on the forecast market size and
historic data (2017 - 2021) - Download
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Forecast
period
|
2023-2027
|
Base Year
|
2022
|
Historic
Data
|
2017 - 2021
|
Segment
Covered
|
Type (Electric linkage
and Mechanical linkage),
Vehicle Type (Passenger cars, Light commercial
vehicles, and Heavy commercial vehicles), and
Geography (APAC, Europe, North America,
Middle East and Africa, and South America)
|
Region
Covered
|
APAC, Europe, North
America, Middle East and
Africa, and South America
|
Key companies
profiled
|
ABB Ltd., AISIN CORP.,
Autoliv Inc., Continental
AG, DENSO Corp., Hitachi Ltd., Hyundai Motor
Co., Infineon Technologies AG, Kendrion NV,
Knorr Bremse AG, MAHLE GmbH, Mitsubishi
Electric Corp., Nidec Corp., Nissan Motor Co.
Ltd., RaceTronics, Robert Bosch GmbH,
Siemens AG, Voith GmbH and Co. KGaA,
Wabtec Corp., and ZF Friedrichshafen AG
|
Key Market Trends Fueling Growth
Traction control systems are essential components of Advanced
Driver-Assistance Systems (ADAS) in modern vehicles. These systems
enhance safety and control during acceleration and deceleration,
contributing significantly to overall vehicle stability. As
consumer awareness of ADAS benefits grows, so does the demand for
traction control systems. They are integral to safety applications
such as anti-lock braking systems, lane-keeping assistance, and
collision avoidance. Despite their high maintenance cost, traction
control systems adhere to safety standard ratings and are
integrated with advanced braking systems, electronic linkages,
hydraulic modulators, and batteries. They are used in passenger and
commercial vehicles, including electric ones, and are crucial for
ride-hailing and ridesharing services. Traction control systems
assist in managing throttle input and engine torque, ensuring
optimal wheel traction on various road conditions.
Market Challenges
- Traction control systems require complex integration with other
vehicle systems, including the engine, braking, and stability
control systems.
- Ensuring seamless interoperability and effective integration
can be technically challenging.
- Sophisticated algorithms are necessary to analyze sensor data
and detect wheel slips.
- These algorithms consider factors such as wheel speed
differentials, vehicle speed, steering input, and road
conditions.
- Developing and fine-tuning these algorithms for optimal
performance and minimizing false positives is complex.
- Integration with other ADAS technologies and the pursuit of
autonomous driving capabilities add to the technological
complexity.
- This technological complexity may negatively impact the growth
of the global traction control systems market during the forecast
period.
Research report provides comprehensive data on impact of trend,
driver and challenges - Buy Report
Segment Overview
This traction control system market report extensively covers
market segmentation by
- Type
- 1.1 Electric linkage
- 1.2 Mechanical linkage
- Vehicle Type
- 2.1 Passenger cars
- 2.2 Light commercial vehicles
- 2.3 Heavy commercial vehicles
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Electric linkage- The Traction Control System
(TCS) market segmentation in 2022 revealed a significant dominance
of electric linkages. With the escalating trend of electric and
hybrid vehicles, there is a growing demand for specialized TCS
designed for these powertrains. Electric linkages ensure smooth
communication and synchronization between the electric powertrain
components and the TCS, allowing for precise power distribution to
enhance traction and boost overall vehicle performance. In the
automotive industry, ECU dysfunctioning and emissions concerns have
led to a focus on fuel consumption and adherence to emission norms.
This has resulted in the segmentation of the TCS market into
passenger cars, light commercial vehicles (LCV), and heavy
commercial vehicles. Mechanical linkages, such as those used in
four-wheel drive systems, continue to be utilized but are being
gradually replaced by electronic coupling and electric linkages for
improved fuel efficiency and safety applications. Advanced safety
systems, including active braking systems and anti-lock braking
systems, are becoming increasingly important in vehicle safety and
comfort. However, the high maintenance cost and safety standard
ratings associated with these systems can hinder their widespread
adoption. Manufacturers are implementing strategies to address
these challenges, such as weight reduction through the use of
electronic linkages, hydraulic modulators, and batteries, and the
integration of advanced braking systems and electrical linkages to
meet emission regulations. Despite these advancements, hindrances
to the TCS market growth include the complexity of electronic
components and control modules. As the market continues to evolve,
it is essential for automobile manufacturers to stay abreast of the
latest trends and technologies to remain competitive.
For more information on market segmentation with geographical
analysis including forecast (2023-2027) and historic data (2017 -
2021) - Download a Sample Report
Research Analysis
In the dynamic world of modern vehicles, the Traction Control
System (TCS) market holds significant importance. This system,
integral to both passenger and commercial automobiles, ensures
optimal vehicle performance under various conditions. TCS functions
by monitoring wheel spin and adjusting engine torque to prevent
slippage, thereby enhancing vehicle safety features, particularly
in extreme weather conditions such as rain or snow. The integration
of TCS with other safety applications, like active braking systems,
further bolsters overall vehicle safety. Despite the high
maintenance cost associated with these advanced comfort systems,
global safety protocols mandate their implementation to maintain
safety standard ratings. Electric vehicles also incorporate TCS to
manage power distribution to wheels effectively. Overall, the
Traction Control System market is a crucial component in the
electrical and mechanical systems of automobiles, enabling optimal
performance and safety.
Market Research Overview
The Traction Control System (TCS) market encompasses the design,
development, and implementation of technologies that enhance
vehicle stability and control. These systems utilize various
sensors to monitor wheel spin and road conditions, and apply
selective braking or power distribution to prevent wheel slippage.
The integration of TCS with other vehicle systems, such as
Anti-lock Braking Systems (ABS) and Electronic Stability Control
(ESC), forms advanced safety features. TCS is essential in various
driving conditions, including wet, icy, or snowy roads, and
off-road terrains. The market for TCS is driven by increasing
vehicle safety regulations, consumer demand for improved vehicle
performance and handling, and advancements in sensor and control
technologies.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- Electric Linkage
- Mechanical Linkage
- Vehicle Type
-
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Geography
-
- APAC
- Europe
- North America
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio