The latest market report published by Credence Research, Inc. “Global Hybrid and Electric Vehicle Integrated Drive Unit Market: Growth, Future Prospects, and Competitive Analysis, 2015 – 2027”. The global market has acquired a market size of around 3.9 Million Units in 2020 and expected to reach a healthy CAGR of over 3.9% during the forecast period from 2021 to 2027 to reach around 4.80 Million Units in 2027.
Browse the full report at https://www.credenceresearch.com/report/hybrid-and-electric-vehicle-integrated-drive-unit-market
Electric powertrains, which include components such as an inverter, transmission, and electric motor are used in EVs for propulsion. The components of a traditional electric powertrain are linked, resulting in a heavier powertrain. Since these components are so important, manufacturers worked hard to create a solution that is more EV-friendly. This resulted in the development of IDU. It combines these elements into a single unit. IDU allows for significant weight reduction in the electric powertrain.
Key Trends in Global Market
Growing Focus of Manufacturers on Adoption of Fully IDU
Weight reduction has become a critical consideration for automotive OEMs when developing new models. Weight has become an important parameter as the market for reliable and high-performance vehicles grows, as a reduction in weight increases the vehicle’s performance significantly. Manufacturers are actively searching for ways to reduce the weight of electric vehicles in order to increase their range.
Manufacturers are preferring fully integrated drive units, which include an power electronics, transmission and electric motor. Completely IDU integration aids in the development of EVs that are more efficient and lighter, allowing for better mile range optimization. The key trend that will drive growth in the global market during the forecast is the increasing popularity of fully IDU.
Global Market by Application Insights
Global market is segmented on the basis of Application as HEVs and BEVs. In 2020, BEV segment led the market share. Both Vehicles’ Integrated Drive Units are often used in engine compartments of aircraft and BEVs owing to the advantages over other types of adhesives. These adhesives can withstand greater weight loads and improve joint stress and strain distribution. These Units also maintain the reliability and integrity of the components since there are no rivets, gaps, or fastening features to weaken the structure. These factors are expected to drive demand for BEV during the forecast period as well.
Global Market by Regional Insights
In 2019, APAC was the largest hybrid and electric vehicle integrated drive unit market, and the area will provide market vendors with many growth opportunities over the forecast period. Over the forecast period, factors such as the high adoption of EVs with an IDU will propel the hybrid and electric vehicle integrated drive unit market in this area. During the forecast period, APAC would account for 55 percent of market growth. In APAC, China and Japan are the two most important markets for hybrid and electric vehicle integrated drive units. The demand in this area would expand at a slower rate than the market in North America.
Global Market Competitive Landscape
Most prominent players in the global market include BorgWarner Inc., Hitachi Ltd., Meritor Inc., Meidensha Corp., Continental AG, Siemens A, Magna International Inc., Melrose Industries Plc, Robert Bosch GmbH. The report covers very detailed profiles of these key players.
Global Hybrid and Electric Vehicle Integrated Drive Unit Market by Application, 2015 – 2027
Global Hybrid and Electric Vehicle Integrated Drive Unit Market by Region, 2015 – 2027
· North America
· Asia Pacific
· Latin America
· Middle East and Africa
Global Hybrid and Electric Vehicle Integrated Drive Unit Market: Key Players
· BorgWarner Inc.
· Continental AG
· FEV Group GmbH
· Hitachi Ltd.
· Magna International Inc.
· Meidensha Corp.
· Melrose Industries Plc
· Meritor Inc.
· Robert Bosch GmbH