As the need for enhanced automotive transmission system increases, demand for automotive powertrain is projected to increase significantly. In addition, imposition of various government regulation regarding reduction of the emission level will continue to impact the global market growth of automotive transmission positively. Fact.MR states that the global market of automotive powertrain is projected to reflect a CAGR of 5.2% over the forecast period, 2017-2026.
Growing need for comfort, safety and performance is becoming a major concern in the automotive industry. In order to generate power in the engine, rev up acceleration, gain traction and the high towing capacity, manufacturers are increasingly integrating powertrains in the vehicles. In addition, the manufacturers in the automotive industry are also focusing on incorporating the powertrain sensors and actuators in the vehicle for enhanced transmission system. Surge in demand for enhanced ... Read more
