APAC Electric Transmission Systems Market Set to Grow 9.5% Annually Through 2030: GlobalData

0
125

The Asia-Pacific (APAC) automotive electric transmission systems market is poised for strong growth, with a projected compound annual growth rate (CAGR) of 9.5% between 2025 and 2030, according to research firm GlobalData.

The market is expected to expand from 12.2 million units in 2025 to 19.2 million units by 2030, driven largely by rapid electrification efforts across the region. Countries such as China, Japan, South Korea, and India are spearheading this transition, backed by robust automotive manufacturing bases and policy support.

“Governments across APAC are accelerating EV adoption through subsidies, incentives, and charging infrastructure investments,” said Madhuchhanda Palit, Automotive Analyst at GlobalData. “India, for example, has set a target of 30% EV penetration by 2030 under the newly launched PM-E-DRIVE scheme, while Japan aims for all new passenger vehicle sales to be electrified by 2035. Indonesia has also set a goal of deploying 2 million electric cars by 2030.”

Rising demand for fuel-efficient and automatic transmissions is driving innovation in advanced gear shifter systems, improving driving comfort and reducing fatigue. Meanwhile, emerging technologies like in-wheel motors could redefine conventional transmission systems, creating both opportunities and challenges for manufacturers.

ALSO READ  GM Rolls Out EV Adapters to Ease Transition to NACS Charging Standard

Palit noted that the outlook remains highly positive: “The APAC electric transmission systems market is on an upward trajectory, powered by government initiatives, industrial strength, and changing consumer preferences. While uncertainties around technology and market dynamics persist, the long-term potential is considerable.”

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.