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Integrated Drive Module Market for EV: Introduction

  • Increase in trend toward vehicle electrification is expected to propel the global integrated drive module market for electric vehicles (EVs). Rise in integration of automotive electronic hardware, incorporation of several safety systems including ADAS, driver drowsiness monitoring systems, and vehicle crash warning systems coupled with an increase in adoption of electric vehicles across the globe is fuelling the demand for integrated drive module for electric vehicles (EVs).

Key Drivers of Integrated Drive Module Market for EV

  • Research and developments in order to improve electric vehicle power efficiency are expected to drive the global integrated drive module market for EV. For instance, Robert Bosch GmbH introduced an integrated drive module in 2019, which integrates the separate motor-generator and power electronics of the electric vehicle in a single system, enabling the vehicle to achieve synergy effects. Furthermore, the integrated drive module (IDM) is specially optimized for attachment to the electric motor, serving as an electric powertrain for pure electric, i.e. battery electric, vehicles as well as hybrid electric vehicles.
  • The IDM enables integration of several electric components in the vehicle on a single platform, enabling automakers to reduce manufacturing cost of the vehicle by reducing spending on additional vehicle components and expensive connecting cables. This, in turn, is estimated to boost the global integrated drive module market for EV.
  • Various automotive giants and auto component manufacturing companies are cooperating with each other in order to improve the overall energy efficiency, reduce power losses, and increase cruising miles driven by vehicles. For instance, BorgWarner has entered into a strategic partnership with a leading China-based New Energy Vehicle (NEV) brand to supply fully integrated drive modules (iDMs) for their pure electric vehicles. The IDM aims to integrate power electronics of an EV with an advanced transmission system and drive motor and enhance the power delivery of the vehicle.
  • However, disruptions in supply chain catering to the automobile industry, owing to shutdown of production and manufacturing facilities caused by the coronavirus pandemic across the world, is estimated to contract the market in 2020-2021. Consequently, the coronavirus pandemic has hampered the global integrated drive module market for EV. The market is anticipated to recover by increasing production volume of vehicle components as well as vehicles in 2021. This, in turn, is projected to offer lucrative opportunity to players operating in the supply chain of the integrated drive module market for EV during the forecast period.

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North America and Europe, cumulatively, to account for major share of global integrated drive module market for EV

  • In terms of region, the global integrated drive module market for EV can be segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa
  • North America and Europe, cumulatively, are expected to account for a major share of the global integrated drive module market for EV. High disposable income of the population and openness toward new technologies in these regions are propelling the integrated drive module market for EV. Rise in awareness about benefits of IDM among automakers, such as increase in cruising range, and cost savings is further propelling the global integrated drive module market for EV in these regions.

Key Players Operating in Integrated Drive Module Market for EV

The global integrated drive module market for EV is highly concentrated due to the presence of top manufacturers. A few key players operating in the integrated drive module market for EV are:

  • BorgWarner Inc.
  • Continental AG
  • GKN Automotive
  • Nissan Motor Corporation
  • Robert Bosch GmbH
  • ZF Friedrichshafen AG
  • Schaeffler Technologies AG & Co. KG
  • PUNCH Powerglide
  • Infineon Technologies AG
  • Danfoss

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Global Integrated Drive Module Market for EV: Research Scope

Global Integrated Drive Module Market for EV, by Vehicle Type

  • Passenger Vehicles
  • Light Duty Vehicle
  • Commercial Vehicle
    • Medium Duty Commercial Vehicle
    • Heavy Duty Commercial Vehicle

Global Integrated Drive Module Market for EV, by Electric Vehicle Type

  • Battery Electric Vehicle (BEV)
  • Hybrid Electric Vehicles (HEV)
  • Plug-In Hybrid Electric Vehicles (PHEV)

Global Integrated Drive Module Market for EV, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Electric Vehicle Integrated Drive Module Market

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