US Torque Vectoring Market, By Propulsion (USD Million)

Year BATTERY ELECTRIC VEHICLE (BEV) HYBRID ELECTRIC VEHICLES (HEVS) PLUG-IN HYBRID ELECTRIC VEHICLES (PHEVS)
2018 $ 535.9 $ 306.2 $ 114.8
2019 $ 583.9 $ 335.7 $ 124.9
2020 $ 554.6 $ 320.9 $ 118.4
2021 $ 595.2 $ 346.5 $ 126.9
2022 $ 673.8 $ 394.7 $ 143.4
2023 $ 777.2 $ 458.0 $ 165.1
2024 $ 887.3 $ 526.1 $ 188.2
2025 $ 1030.2 $ 614.6 $ 218.1
2026 $ 1190.2 $ 714.4 $ 251.5
2027 $ 1368.3 $ 826.3 $ 288.7
2028 $ 1555.5 $ 945.1 $ 327.6
2029 $ 1765.8 $ 1079.3 $ 371.2
2030 $ 1987.2 $ 1222.1 $ 417.0
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US Torque Vectoring Market, By Propulsion (USD Million)

Synopsis
The above chart is US Torque Vectoring Market, By Propulsion (USD Million)

Market Dynamics

us torque vectoring market has been gaining traction in recent years due to the increasing demand for advanced vehicle safety and performance features. torque vectoring is a technology that allows for independent control of the torque sent to each wheel of a vehicle, resulting in improved stability, maneuverability, and overall driving experience. one of the main driving factors for the demand of torque vectoring in the us market is the rising safety concerns among consumers. as the number of accidents and fatalities on roads continues to increase, there is a growing need for advanced safety features in vehicles. torque vectoring plays a crucial role in preventing accidents by ensuring better control and stability of a vehicle while cornering or driving on slippery surfaces. moreover, with the increasing demand for high-performance vehicles, the us torque vectoring market is also witnessing a surge. torque vectoring allows for better handling and precise control, making it a popular choice among performance vehicle enthusiasts. this technology has been widely adopted in sports cars and high-performance vehicles, and its demand is expected to further increase in the coming years. in addition, the us government's stringent regulations for vehicle emissions and fuel efficiency have also led to the demand for torque vectoring. this technology helps in reducing emissions and improving fuel efficiency by optimizing the power sent to each wheel based on the driving conditions. as the us government continues to focus on reducing carbon emissions, the demand for torque vectoring is expected to increase in the future. another factor contributing to the demand for torque vectoring in the us market is the growing trend of electric and hybrid vehicles. these vehicles require more precise control and stability, which torque vectoring provides. the increasing sales of electric and hybrid vehicles in the us are expected to positively impact the demand for torque vectoring technology. overall, the us torque vectoring market is driven by the need for advanced safety features, performance enhancements, government regulations, and the growing trend of electric and hybrid vehicles. as technology continues to advance and consumers become more aware of the benefits of torque vectoring, its demand in the us market is expected to further grow in the coming years.

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