Global Hybrid and Electric Vehicle Integrated Drive Unit Market 2018-2022
About Hybrid and Electric Vehicle Integrated Drive Unit
Integrated drive unit consists of an electric motor, power electronics, and gearbox packed into a single unit for EVs.
Technavio’s analysts forecast the global hybrid and electric vehicle integrated drive unit market will post a revenue of more than USD 4 billion in terms of units by 2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global hybrid and electric vehicle integrated drive unit market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Hybrid and Electric Vehicle Integrated Drive Unit Market 2018-2022
Technavio recognizes the following companies as the key players in the global hybrid and electric vehicle integrated drive unit market: Bosch, BorgWarner, Continental AG, GKN plc, Siemens, and ZF Friedrichshafen.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing popularity of fully IDU. The integration of fully IDU helps in the production of EVs with higher efficiency and weight reduction for mile range optimization. The growing popularity of fully IDU is identified as one of the key trends that will stimulate growth in the hybrid and electric vehicle integrated drive unit market during the predicted period.”
According to the report, one driver in the market is IDU makes EVs more efficient through weight reduction. The growing demand for efficient and high-performance vehicles has made weight an important parameter, a reduction in which impacts the performance significantly. This trend is more visible in EVs where manufacturers constantly look for weight reduction as a medium to improve the mile range.
Further, the report states that one challenge in the market is high cost of ownership of EVs. The total cost of ownership of EVs is higher than that of ICE-based vehicles. This is because of the additional high-capacity batteries used in EVs along with the use of advanced electronic components and design considerations.
Bosch, BorgWarner, Continental AG, GKN plc, Siemens, and ZF Friedrichshafen.
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