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).
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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
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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
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- 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.
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