Tech Innovation to Boost Growth in the Global EV Drivetrain Systems Market Through 2031

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 EV Drivetrain System:

  • Electric vehicle drivetrain system comprises diverse systems, ranging from the source of power generation and the overall transmission assembly to the tire of the vehicle. For an electric vehicle, the drivetrain system comprises multiple components such as battery management system, auxiliary inverters, and onboard battery charger.

Key Drivers of EV Drivetrain Systems Market

  • Rise in vehicle electrification across the globe is likely to boost the EV drivetrain system market. Increase in demand for electric vehicles due to enactment of stringent emission norms across the globe is likely to propel the demand for electric vehicle drivetrain system. Major vehicle manufacturers across the globe are investing in electric vehicles, which is anticipated to boost the EV drivetrain system market. Rising partnership between vehicle manufactures is also likely to drive the EV drivetrain systems market. Governments across the globe are promoting vehicle manufacturers to increase the production of electric vehicles, which is projected to boost the EV drivetrain systems market.
  • Rising partnership between vehicles manufacturers is also anticipated to propel the EV drivetrain systems market. In July 2021, Mercedes Benz announced the acquisition of YASA, a leading company in electric drivetrain technology. Such acquisitions boost the EV drivetrain system market across the globe. Various government incentives and policies toward buying electric vehicles is anticipated to further boost the EV drivetrain system market.

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Europe & Asia Pacific to hold a significant share of global EV Drivetrain Systems Market

  • Europe is projected to account for a major share of the global EV drivetrain systems market due to a rise in the demand for electric vehicles across the region. Europe has presence of major original equipment manufacturers as well as tier-1 suppliers, including Valeo AG, MAHLE GmbH, and Robert Bosch GmbH and who have major facilities that undertake research & development on the electric drivetrain technology, which is anticipated to propel the EV drivetrain systems market across the Europe
  • Followed by Europe, Asia Pacific is projected to hold a significant share of the global EV drivetrain systems market due to enactment of stringent emission norms across the region. Rise in demand for electric vehicles across the region is estimated to fuel the EV drivetrain system market. Major presence of vehicle manufacturers across the China, India, and Japan is anticipated to propel the EV drivetrain systems market across Asia Pacific.

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Key Players Operating in EV Drivetrain Systems Market

The global EV drivetrain systems market is expanding consistently, as a large number of players operate in the market. A few of the key players operating in the EV drivetrain systems market are:

  • Robert Bosch GmbH
  • Continental AG
  • Infineon Technologies
  • Magna International Inc.
  • Mitsubishi Electric Corporation
  • BorgWarner AG
  • Valeo
  • ZF Friedrichshafen AG
  • NXP Semiconductors
  • Hitachi Automotive Systems Ltd.
  • Yasa Limited
  • XoS Inc.
  • BAE Systems
  • Aisin Seiki
  • Hofer Powertrain
  • Denso Corporation
  • JATCO Ltd.

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Global EV Drivetrain Systems Market: Research Scope

Global EV Drivetrain Systems Market, by Component

  • Auxiliary Inverter
  • Battery Management System
  • Onboard battery Charger
  • Power Distribution Module
  • Converter
  • Electric Motor
  • Controller
  • Others

Global EV Drivetrain Systems Market, by Vehicle Type

  • Passenger Vehicle
  • Light Commercial Vehicle
  • Heavy Duty Truck
  • Bus & Coach

Global EV Drivetrain Systems Market, by Propulsion

  • Battery Electric
  • Hybrid Electric
  • Plug-In Hybrid Electric

Global EV Drivetrain Systems Market, by Sales Channel

  • OEM
  • Aftermarket

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TMR Latest News Publication:

EV Platform Market – The focus on adopting technology frameworks for scaling the production of electric vehicles (EVs) has intensified among OEMs, battery manufacturers, raw material suppliers, and other automotive manufacturers. Automakers, in particular, consider a scalable EV platform a major proposition for increasing the availability of EVs to meet the rising consumer demand. Players in the EV platform market are leveraging the value proposition to reduce the overall cost of production and spur the uptake of EVs.

Electric Bike Market – Electric bikes (e-bike) are emerging as a smart choice for many looking for clean and energy-efficient vehicles for personal mobility, and are found to gain preference over conventional bikes. The increasing number of convenience features in e-bike, notably electric assistance system’s algorithms, and the development of dedicated cycling infrastructure in various countries are likely to spur sales in the electric bike market. During the COVID-19 outbreaks in 2020, consumers keen on avoiding crowded marketplaces had shown an inclination toward e-bikes for micro-mobility.

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