Title: A New FMI Study Analyses Growth of Automotive In-Wheel Motors Market in Light of the Global Corona Virus Outbreak
1Automotive In-Wheel Motors Market
Report Id REP-GB-7677 Published On
Feb-2019 Category Automotive Transportation
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4Automotive In-Wheel Motors Market Analysis
- FMIs Detailed Report on Automotive In-Wheel
Motors Market Offers Projections of Potential
Impact of Corona Virus Outbreak - VALLEY COTTAGE -- Automotive in-wheel motors have
recorded a remarkable surge in sales in recent
years, influenced by multiple factors ranging
from greater driving range per charge to
elimination of components such as driving and
differential shafts. According to a study of
Future Market Insights (FMI), the automotive
in-wheel motors sales will exceed 720 thousand
units in 2019. Affordability of in-wheel motor in
terms of power consumption relative to the
traditionally employed central drive unit system
will continue to uphold its preference by
automakers in the near future. - Elimination of unnecessary components is one of
the primary adoption determinants of automotive
in-wheel motors, as they significantly reduce the
weight of battery-electric vehicles (BEVs), while
crawling up on vehicle electrification and
lightweighting trends. BEV accounted for over 7
in 10 automotive in-wheel motors sold worldwide
in 2017, according to the study. A key trend
influencing BEV-specific in-wheel motor sales is
miniaturization and integration of inverter,
which features a compact design. - Automotive in-wheel motors are likely to remain
touted as a sustainable future alternative to
propulsion systems used in powertrains. With
promising future prospects of BEVs, and
palpability of optimized hydrogen fuel cell
technologies, certainty spotlights automotive
in-wheel motors' promising prospects in the
upcoming years.
5Automotive In-Wheel Motors Market Analysis
- Passenger Cars Hold Supremacy in Adoption of
Automotive In-Wheel Motors - The study opines that passenger cars will
continue to retain their reign in the automotive
in-wheel motors market, with approximately 637
thousand units expected to be sold in 2019. Key
offerings with affordability, such as improved
vehicle dynamics and lower design complexity in
power transmission to wheel, continue to drive
adoption of automotive in-wheel motors in
passenger cars. Passenger cars integrated with
in-wheel motors enable enhanced traction control,
along with torque vectoring functions devoid of
added bill-of-materials. - The automotive in-wheel motors market grows in
tandem with penetration of electric vehicles is
significantly backed by the regulations on
vehicle emission, as nearly 20 of these
emissions result directly from fuel evaporation.
Contribution of these zero emission vehicles to
environment pollution is insignificant, despite
their indirect impacts during electricity
generation and storage. - Automotive In-Wheel Motors Market Key Players
Introducing Novel Solutions to Clasp Greater
Share - Key players in the automotive in-wheel motors
market have come up with novel solutions to
offset latent challenges faced in terms of
deployment, operation, and functionality.
Companies such as Protean Electric have claimed
to have overcome obstructions related to use of
automotive in-wheel motors, such as road shocks
and additional mass, along with complexity
associated with motor control software.
6Automotive In-Wheel Motors Market Analysis
- Protean's new automotive in-wheel motors make
drivetrains highly energy-efficient, while
increasing the fuel economy over 30. On the
other hand Nissan has developed automotive
in-wheel motors for the working prototype of the
company's futuristic concept car. Companies such
as Ziehl-Abegg have introduced automotive
in-wheel motors that enable application in
fuel-cell, battery-operated, and hybrid
commercial electric vehicles. - Permeation of electrification trend in the
automotive space shows no signs of abating, with
prospects revolving around motor and charging
technologies that are becoming more multipurpose
and sophisticated. Robust uptake in electric
vehicles worldwide has led automotive OEMs to
catch up with efforts on the development of
second-generation motors, wherein performance,
noise, and efficiency are deemed key imperatives.
Higher levels of auto parts integration, and
sturdy, compact packaging of powertrain
components are some of the imminent developments
in the automotive in-wheel motors market. - As benefits of automotive in-wheel motors
continue to outweigh challenges faced in their
deployment and functionalities, along with
efforts toward offsetting the latter, industry
leaders have directed their focus on RD
activities. These researches are primary aimed at
design developments to impart mechanical,
electrical, and thermal stress resistance to the
automotive in-wheel motors during their operation.
7Automotive In-Wheel Motors Market Analysis
- This FMI study also offers forecast on the
automotive in-wheel motors market for the period
between 2018 and 2027. The automotive in-wheel
motors market will record a staggering CAGR of
over 35 through 2027. - Press-release Source - https//www.prnewswire.com/
news-releases/automotive-in-wheel-motors-market-to
-expand-at-a-cagr-of-37-7-during-2019--2027--30079
0698.html - Request for covid19 Impact Analysis
https//www.futuremarketinsights.com/covid19/rep-g
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8Automotive In-Wheel Motors Market Analysis
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research reports and consulting services which
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complete packaged solution, which combines
current market intelligence, statistical
anecdotes, technology inputs, valuable growth
insights and an aerial view of the competitive
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