The valuation of the global torque vectoring market stands at US$ 10.7 billion for 2023 and is forecasted to jump to US$ 43 billion by 2033, expanding at a high-value CAGR of 15% over the forecast period (2023 to 2033). A torque vectoring system is a critical component of sourcing and utilizing wheel power. The technology increases handling, stability, grip, performance, etc. It allows the driver to transfer or alter the torque of a particular wheel axle. It also controls speed by transferring the weight of the automobile to the desired wheel, allowing for better grip. They are available in a variety of configurations, including front-wheel drive, rear-wheel drive, all-wheel drive, and the system can be customized.
The offer in this portion accompanies many open doors including fabricating items, appropriation, retail, and showcasing administrations. Broad rounds of essential and far reaching optional exploration have been utilized by the examiners at Fact.MR to show up at different assessments and projections for Demand of Torque Vectoring Market both at worldwide and provincial levels.
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Current Industry Trends:
- Performance Enhancement: One of the primary trends in the torque vectoring market is the focus on performance improvement. Automakers are increasingly implementing torque vectoring systems to make their vehicles more agile, responsive, and enjoyable to drive. This trend is particularly prevalent in sports cars and high-performance models.
- All-Wheel-Drive Systems: Torque vectoring is becoming more common in all-wheel-drive (AWD) systems. By distributing torque to specific wheels as needed, these systems improve traction and handling in various driving conditions, from wet roads to off-road terrains.
- Electrification and Hybridization: As electric and hybrid vehicles gain popularity, torque vectoring systems are being integrated into their drivetrains to enhance performance and optimize energy usage. Electric motors provide precise control over torque distribution, making them well-suited for this technology.
- Autonomous Vehicle Development: Torque vectoring is also playing a role in the development of autonomous vehicles. It can assist in obstacle avoidance, lane-keeping, and stabilization of self-driving cars, contributing to safety and control.
- Off-Road Applications: Torque vectoring is not limited to the road; it’s also being used in off-road vehicles, where it can enhance traction on challenging terrains by sending power to the wheels with the most grip.
Competitive Landscape
The global torque vectoring market is competitive and dynamic, characterized by the presence of various automotive manufacturers, suppliers, and technology providers. Many major automotive OEMs are actively incorporating torque vectoring technology into their vehicles to enhance performance and handling. These OEMs often develop their proprietary torque vectoring solutions or collaborate with suppliers to integrate the technology.
Various research institutions and universities worldwide are actively involved in the research and development of torque vectoring technology. Their contributions include conducting studies, developing advanced algorithms, and collaborating with industry partners to advance the state of torque vectoring technology.
- American Axle & Manufacturing, Inc. stated in March 2022 that it has received the General Motors Overdrive Award for sustainability, innovation, connections, total business cost, launch excellence, and safety. This recognition enabled the company to seize opportunities for cooperation or partnerships with other organizations and businesses, thereby increasing the company’s brand value in the market.
- Toyota Motor Corp. (Toyota Motor) unveiled the design of two new AWD systems in February 2019, namely dynamic torque vectoring AWD and the ‘E-Four 4WD system. The dynamic torque vectoring system employs the world’s first ratchet-type dog clutches on the front and rear wheel shafts. This clutch stops the rotation of the drive system, which aids in the transmission of driving force to the rear wheel in 2WD mode.
Market Players: –
- Continental AG
- Bosch Ltd
- JTEKT corporation
- Eaton Corporation
- American Axle & Manufacturing, Inc.
- BorgWarner
- Ricardo
- Timken
- Getrag
Key Segments of Torque Vectoring Industry Research
- 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
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