Transparency Market Research in its new report titled, “Powertrain Control Module Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the powertrain control module market. The TMR report states that the increase in demand for automatic transmission across the globe owing to its advantages such as fuel efficiency, less carbon emission, and driving comfort is anticipated to boost the powertrain control module market during the forecast period i.e, 2018-2026. Powertrain control module offers advantages such as compactness and lightness of weight, easy installation, and powertrain control module checks engine light and various others warning lights display on dashboard for safety purpose. Therefore, it is gaining popularity among car manufacturers, says the report. Additionally, the report also discussed several problems occur once the powertrain control module gets damaged. These include delay in starting the engine and failure of alert lights. This lowers the engine performance. High replacement and installation costs are likely to hamper the powertrain control module market for automotive during the forecast period, as per the report.

The TMR report has segregated the powertrain control module market for automotive based on control module type, vehicle, sales channel, and region. In terms of control module type, the powertrain control module market for automotive is divided into electronic control module and other one control unit. Both the control module are important and they have their own advantages both enhance the performance of the vehicle. On the basis of vehicle, the powertrain control module market for automotive is split into passenger vehicle and commercial vehicle. The passenger vehicle segment is likely to dominate the market during forecast period, led by the rise in demand for passenger vehicles across the globe. Currently, demand of hatchback, SUV, and sedan is high in the passenger vehicle segment. Demand for electric vehicles is expected to increase significantly during the forecast period owing to the growth in demand for fuel efficient vehicles and implementation of favorable government policies across the globe. This, in turn, is anticipated to boost the demand for powertrain control module for automotive during the forecast period, anticipates the report.

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In terms of sales channel, the powertrain control module market for automotive is bifurcated into OEMs and aftermarket. The OEMs segment is projected to drive the market during the forecast period. Major players such as Continental AG, Delphi, and Bosch are providing advanced technology platforms. This is attracting car manufacturers and consumers toward these products. From a regional perspective, the powertrain control module market for automotive is divided into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Among these, North America is the dominating region of the powertrain control module market for automotive. This trend is estimated to continue during the forecast period owing to the exponential growth in the auto industry, constant increase in sales of passenger vehicle and commercial vehicles, higher consumption of automatic transmission vehicle, and high adoption rate of new technologies. Key players operating in the powertrain control module market for automotive include Hitachi Ltd, Continental AG, Mitsubishi Electric Corporation, Robert Bosch GmbH, Delphi Automotive Plc, ZF Friedrichshafen AG, TREMEC, and Magneti Marelli S.p.A.

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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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