Intelligent All Wheel Drive Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024

Description

Market Overview

The intelligent all-wheel drive market revenue for 2024 is estimated at of USD 29.9 billion, which is expected to witness a CAGR of 8.7% during 2024-2030, to reach USD 49.3 billion by 2030. The market is driven by the improved driving dynamics, stability, safety, performance, handling in varied road conditions, and traction provided by this transmission arrangement. This system is mainly installed in vehicles for quick power redistribution to the wheels with a better grip as soon as a slip or traction loss is detected. The distribution of power between the front and rear wheels is determined based on speed, steering angle, road condition, and many more factors.

Automakers are looking to improve the overall stability, performance, reliability, and efficiency of vehicles by adopting advanced components including high-precision sensors, actuators, and ECUs in intelligent AWD systems. The growing need for quick response to different road conditions, enhanced fuel efficiency, and optimized power Can be met with the continuous advancements in the various components incorporated in the system.

The high upfront investment associated with the installation of intelligent all-wheel drive systems can act as a barrier for new competitors entering the market with a limited budget. Various advanced components, including actuators, sensors, and ECUs, are utilized in these systems for reliable performance, which can raise vehicle prices for potential buyers. The development of the systems involves a significant investment in research and development for designing and testing the technology, to ensure high performance, safety, and reliability.

Key Insights

Mechanical AWD holds a 55% market share in 2024 due to its versatile deployment across vehicle types.

Hybrid AWDs are the fastest-growing category, expecting a 9.4% compound annual growth rate (CAGR), driven by their eco-friendly and fuel-efficient nature.

ICE AWDs lead in revenue with a 65% share in 2024, benefitting from established infrastructure and lower costs.

Electric AWDs show rapid growth with an expected 8.9% CAGR, spurred by environmental concerns and government regulations.

Passenger cars top in revenue with a 40% share in 2024, fueled by dense populations, rising purchasing power, and safety awareness.

Light commercial vehicles (LCVs) are the swiftest-growing segment, leveraging advanced AWD systems for enhanced safety and adaptability.

North America commands the largest market share at 45% in 2024, driven by technological advancements and a robust customer base.

Asia-Pacific emerges as the fastest-growing region with a 9.2% CAGR, buoyed by high automobile sales and production capabilities.

Intelligent AWD systems gain traction, offering improved traction, stability, and driving dynamics across varied terrains.

Overall, market dynamics reflect a shift towards environmentally conscious and technologically advanced AWD solutions, catering to diverse consumer preferences and regulatory demands.

Product Code: 13018

Chapter 1. Research Scope

1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by technology
- 1.4.2. Market size breakdown, by propulsion
- 1.4.3. Market size breakdown, by vehicle type
- 1.4.4. Market size breakdown, by region
- 1.4.5. Market size breakdown, by country
1.5. Market Data Reporting Unit
- 1.5.1. Value
1.6. Key Stakeholders

Chapter 2. Research Methodology

2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Market Indicators

Chapter 5. Industry Outlook

5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
5.2. Impact of COVID-19
5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes

Chapter 6. Global Market

6.1. Overview
6.2. Market Revenue, by Technology (2019-2030)
6.3. Market Revenue, by Propulsion (2019-2030)
6.4. Market Revenue, by Vehicle Type (2019-2030)
6.5. Market Revenue, by Region (2019-2030)

Chapter 7. North America Market

7.1. Overview
7.2. Market Revenue, by Technology (2019-2030)
7.3. Market Revenue, by Propulsion (2019-2030)
7.4. Market Revenue, by Vehicle Type (2019-2030)
7.5. Market Revenue, by Country (2019-2030)

Chapter 8. Europe Market

8.1. Overview
8.2. Market Revenue, by Technology (2019-2030)
8.3. Market Revenue, by Propulsion (2019-2030)
8.4. Market Revenue, by Vehicle Type (2019-2030)
8.5. Market Revenue, by Country (2019-2030)

Chapter 9. APAC Market

9.1. Overview
9.2. Market Revenue, by Technology (2019-2030)
9.3. Market Revenue, by Propulsion (2019-2030)
9.4. Market Revenue, by Vehicle Type (2019-2030)
9.5. Market Revenue, by Country (2019-2030)

Chapter 10. LATAM Market

10.1. Overview
10.2. Market Revenue, by Technology (2019-2030)
10.3. Market Revenue, by Propulsion (2019-2030)
10.4. Market Revenue, by Vehicle Type (2019-2030)
10.5. Market Revenue, by Country (2019-2030)

Chapter 11. MEA Market

11.1. Overview
11.2. Market Revenue, by Technology (2019-2030)
11.3. Market Revenue, by Propulsion (2019-2030)
11.4. Market Revenue, by Vehicle Type (2019-2030)
11.5. Market Revenue, by Country (2019-2030)

Chapter 12. U.S. Market

12.1. Overview
12.2. Market Revenue, by Technology (2019-2030)
12.3. Market Revenue, by Propulsion (2019-2030)
12.4. Market Revenue, by Vehicle Type (2019-2030)

Chapter 13. Canada Market

13.1. Overview
13.2. Market Revenue, by Technology (2019-2030)
13.3. Market Revenue, by Propulsion (2019-2030)
13.4. Market Revenue, by Vehicle Type (2019-2030)

Chapter 14. Germany Market

14.1. Overview
14.2. Market Revenue, by Technology (2019-2030)
14.3. Market Revenue, by Propulsion (2019-2030)
14.4. Market Revenue, by Vehicle Type (2019-2030)

Chapter 15. France Market

15.1. Overview
15.2. Market Revenue, by Technology (2019-2030)
15.3. Market Revenue, by Propulsion (2019-2030)
15.4. Market Revenue, by Vehicle Type (2019-2030)

Chapter 16. U.K. Market

16.1. Overview
16.2. Market Revenue, by Technology (2019-2030)
16.3. Market Revenue, by Propulsion (2019-2030)
16.4. Market Revenue, by Vehicle Type (2019-2030)

Chapter 17. Italy Market

17.1. Overview
17.2. Market Revenue, by Technology (2019-2030)
17.3. Market Revenue, by Propulsion (2019-2030)
17.4. Market Revenue, by Vehicle Type (2019-2030)

Chapter 18. Spain Market

18.1. Overview
18.2. Market Revenue, by Technology (2019-2030)
18.3. Market Revenue, by Propulsion (2019-2030)
18.4. Market Revenue, by Vehicle Type (2019-2030)

Chapter 19. Japan Market

19.1. Overview
19.2. Market Revenue, by Technology (2019-2030)
19.3. Market Revenue, by Propulsion (2019-2030)
19.4. Market Revenue, by Vehicle Type (2019-2030)

Chapter 20. China Market

20.1. Overview
20.2. Market Revenue, by Technology (2019-2030)
20.3. Market Revenue, by Propulsion (2019-2030)
20.4. Market Revenue, by Vehicle Type (2019-2030)

Chapter 21. India Market

21.1. Overview
21.2. Market Revenue, by Technology (2019-2030)
21.3. Market Revenue, by Propulsion (2019-2030)
21.4. Market Revenue, by Vehicle Type (2019-2030)

Chapter 22. Australia Market

22.1. Overview
22.2. Market Revenue, by Technology (2019-2030)
22.3. Market Revenue, by Propulsion (2019-2030)
22.4. Market Revenue, by Vehicle Type (2019-2030)

Chapter 23. South Korea Market

23.1. Overview
23.2. Market Revenue, by Technology (2019-2030)
23.3. Market Revenue, by Propulsion (2019-2030)
23.4. Market Revenue, by Vehicle Type (2019-2030)

Chapter 24. Brazil Market

24.1. Overview
24.2. Market Revenue, by Technology (2019-2030)
24.3. Market Revenue, by Propulsion (2019-2030)
24.4. Market Revenue, by Vehicle Type (2019-2030)

Chapter 25. Mexico Market

25.1. Overview
25.2. Market Revenue, by Technology (2019-2030)
25.3. Market Revenue, by Propulsion (2019-2030)
25.4. Market Revenue, by Vehicle Type (2019-2030)

Chapter 26. Saudi Arabia Market

26.1. Overview
26.2. Market Revenue, by Technology (2019-2030)
26.3. Market Revenue, by Propulsion (2019-2030)
26.4. Market Revenue, by Vehicle Type (2019-2030)

Chapter 27. South Africa Market

27.1. Overview
27.2. Market Revenue, by Technology (2019-2030)
27.3. Market Revenue, by Propulsion (2019-2030)
27.4. Market Revenue, by Vehicle Type (2019-2030)

Chapter 28. U.A.E. Market

28.1. Overview
28.2. Market Revenue, by Technology (2019-2030)
28.3. Market Revenue, by Propulsion (2019-2030)
28.4. Market Revenue, by Vehicle Type (2019-2030)

Chapter 29. Competitive Landscape

29.1. List of Market Players and their Offerings
29.2. Competitive Benchmarking of Key Players
29.3. Product Benchmarking of Key Players
29.4. Recent Strategic Developments

Chapter 30. Company Profiles

30.1. BorgWarner Inc.
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
30.2. Magna International Inc.
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
30.3. Continental AG
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
30.4. ZF Friedrichshafen AG
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
30.5. GKN Automotive Limited
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
30.6. Eaton Corporation Inc.
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
30.7. JTEKT Corporation
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
30.8. American Axle & Manufacturing Inc.
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
30.9. Mitsubishi Motors Corporation
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
30.10. Honda Motor Co. Ltd.
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
30.11. Subaru Corporation
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary
30.12. Nissan Motor Corporation
- 30.12.1. Business overview
- 30.12.2. Product and service offerings
- 30.12.3. Key financial summary
30.13. Toyota Motor Corporation
- 30.13.1. Business overview
- 30.13.2. Product and service offerings
- 30.13.3. Key financial summary
30.14. Volkswagen AG
- 30.14.1. Business overview
- 30.14.2. Product and service offerings
- 30.14.3. Key financial summary
30.15. BMW AG
- 30.15.1. Business overview
- 30.15.2. Product and service offerings
- 30.15.3. Key financial summary
30.16. Mercedes-Benz Group AG
- 30.16.1. Business overview
- 30.16.2. Product and service offerings
- 30.16.3. Key financial summary
- 30.16.4.

Chapter 31. Appendix

31.1. Abbreviations
31.2. Sources and References
31.3. Related Reports

Intelligent All Wheel Drive Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)