Torque Vectoring Market Trends

Market Driver - Increasing Demand for Passenger and Sports Cars Globally

The global automotive industry has seen tremendous growth in the production and sales of passenger cars as well as sports utility vehicles in the last decade. Sports vehicles and high-performance variants within mainstream brands have also become hugely popular globally.

However, delivering dynamic driving characteristics expected by customers from such sophisticated premium cars comes with its engineering challenges. Simply boosting engine power is not a viable long-term solution considering rising environmental regulations. This is where torque vectoring systems offer compelling benefits to auto companies.

Leading manufacturers now use advanced torque vectoring as a factor to differentiate their products in the torque vectoring market. As the passenger car boom continues unabated in major markets combined with buyers demanding superior handling athletically-styled vehicles, the uptake of torque vectoring hardware can only be expected to accelerate in the coming years.

Market Driver - Advancing Automotive Technologies to Boost Efficiency & Safety

Automakers and parts suppliers have intensified their efforts to engineer powertrains and supporting technologies that enhance fuel savings without compromising the driving experience customers want. For automakers to meet these dual challenges of efficiency gains and advanced driver assistance, innovative system-level solutions are crucial.

By intelligently channeling drive torque where it is needed the most, electronic torque vectoring enhances cornering ability, stability and straight-line traction from lower-powered 'downsized' engines. Simultaneously, state-of-the-art steering, braking and traction management improves vehicle handling under various conditions, aiding driver assistance functions such as automatic emergency braking and lane-keeping.

As the benefits of integrating sophisticated torque vectoring technology become more apparent, stricter carbon regulations and new safety mandates will further catalyze its adoption across all major global vehicle segments over the next decade. The upsides for both automakers and vehicle owners in terms of competitive differentiation, efficiency, driving pleasure and passenger protection are undeniable.

Market Challenge - High Costs and Limited Application of Torque Vectoring Systems

One of the key challenges faced by the torque vectoring market is the high costs associated with the development and implementation of these systems. Torque vectoring enables individual control of torque to each wheel, allowing for enhanced vehicle dynamics and safety.

However, to achieve this level of precision torque control requires sophisticated differentials, coupling mechanisms, and electronics. Developing these precision components and integrating them into the drivetrain increases costs substantially. Additionally, the onboard computing power and sensors required to process real-time torque data adds to the expenses.

As a result, torque vectoring systems end up being premium features available only in higher-end luxury and performance vehicles. Their application remains limited as mass market automakers are hesitant to adopt these costly technologies in mainstream vehicles. For the torque vectoring market to witness broader adoption, costs will need to come down significantly.

Market Opportunity - Expansion of Autonomous Vehicle Technologies

One of the major opportunities for the torque vectoring market is the expected expansion of autonomous vehicle technologies in the coming years. As self-driving capabilities continue to progress, vehicle dynamics and stability will become even more crucial for safely maneuvering autonomous vehicles without human input.

With more automakers aggressively working towards developing fully autonomous vehicles, the demand for safety and maneuvering enhancing technologies like torque vectoring is expected to rise. As autonomous vehicle technologies achieve wider adoption over the next decade, it can drive the torque vectoring market towards substantial growth.

Automakers may see torque vectoring as a key differentiator in offering superior safety and experience in self-driving vehicles. This emerging application can help accelerate the adoption of torque vectoring systems across more vehicle segments.