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OEM Electric Drive Unit (EDU) Market Trends

Report ID: GMI10757
Published Date: Aug 2024
Report Format: PDF

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OEM Electric Drive Unit Market Trends

Rising consumer demand for high-performance electric vehicles along with increasing integration of advanced technologies across EVs will complement the business outlook. shift in consumer preference is pushing OEMs to develop more powerful and sophisticated EDUs that can deliver high torque, acceleration, and efficiency. The rise of performance-oriented EV brands such as Tesla has set new benchmarks in the industry, prompting traditional automakers to enhance their EDU offerings to remain competitive.

In addition, the integration of advanced technologies, such as artificial intelligence (AI), machine learning, and Internet of Things (IoT) connectivity, is transforming the OEM EDU market. These technologies enable smarter and more efficient electric drive systems that can optimize performance in real-time based on driving conditions, energy consumption, and user preferences.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of OEM electric drive unit (EDU) reached USD 13 billion in 2023 and is set to register 23.2% CAGR between 2024 and 2032, led by rapid push towards electrification by key automakers and increasing advancements in battery technology.

The BEV segment is expected to reach USD 37.5 billion by 2032, due to ongoing advancements and expansion of charging infrastructure.

Asia Pacific market is poised to cross USD 53.2 billion by 2032, owing to increasing demand and technological advancements.

Aisin Corporation, AVL, BorgWarner Inc., C.F.R. Srl., DANA TM4 INC., ElringKlinger AG, Equipmake, FRIWO Gerätebau GmbH, GKN Automotive Limited, hofer powertrain, and Integral Powertrain Limited, among others.