Torque Vectoring Market Size, Share, Growth Analysis, By Component (Hardware, Services), By Technology (Active Torque Vectoring System (ATVS), Passive Torque Vectoring System (PTVS)), By Clutch Actuation (Electric, Hydraulic), By Driving Wheel, By Vehicle Type, By Propulsion, By Region - Industry Forecast 2024-2031.

Drivers

Rising Popularity of Electric and Hybrid Vehicles

• The torque vectoring market has experienced a profound impact due to the worldwide transition towards electric and hybrid vehicles. This paradigm shift in the automotive industry, with a concentrated effort by automakers to advance electric and hybrid platforms, has underscored the indispensability of torque vectoring technology. In the context of electric and hybrid vehicles, torque vectoring plays a crucial role in optimizing power delivery, improving energy efficiency, and elevating the overall driving dynamics of these eco-friendly vehicles.

Restraints

Complexity of the System

• The intricacies of torque vectoring systems demand a specialized skill set and in-depth expertise in their design, development, and seamless integration within vehicles. This level of complexity poses a significant barrier for smaller entities aiming to enter the market, as it necessitates substantial resources and know-how. The requirement for advanced technological proficiency and specialized knowledge creates a distinct challenge for newer or smaller players, impeding their ability to effectively compete with established industry leaders who often possess the resources, experience, and infrastructure to navigate the complexities of torque vectoring system development and implementation. As a result, the barrier to entry into this sector remains high, limiting the competitive landscape predominantly to established players with the requisite capabilities and experience in this specialized domain.