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Electric Vehicle E-Axle Market Trends

Report ID: GMI6908
Published Date: Oct 2023
Report Format: PDF

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Electric Vehicle E-Axle Market Trends

Developments in advanced E-axle technology are fostering substantial growth in the electric vehicle e-axle industry. Integrated systems that combine the EV drive motor and power electronics are significantly enhancing the efficiency & performance of Electric Vehicles (EVs). For instance, in June 2023, Nidec Corporation and Renesas Electronics Corporation collaborated to develop semiconductor solutions for the next-generation E-Axle (X-in-1 system). This innovative technology integrates an electric vehicle drive motor and power electronics, enhancing the efficiency & performance of EVs.

The demand for electric vehicles continues to rise, the e-axle market was expected to expand further, driven by advancements in technology and supportive government policies. As EVs with advanced E-axle systems gain popularity, the market demand for these integrated solutions will surge, creating lucrative opportunities for manufacturers and driving market growth.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of electric vehicle e-axle was worth USD 36.4 billion in 2022 and is anticipated to observe over 17% CAGR between 2023 and 2032.

The hybrid segment held major market share in 2022. The adoption of hybrid propulsion systems in the electric vehicle e-axle market is primarily driven by their ability to significantly enhance vehicle efficiency and extend driving range.

Asia Pacific EV e-axle market was valued at USD 16.6 billion in 2022 and is anticipated to grow through 2032, owing to the increasing production of e-axles for passenger vehicles in the region.

BorgWarner Inc., Continental AG, Dana Incorporated, Nidec Corporation, Robert Bosch GmbH, Siemens, and ZF Friedrichshafen.