Global Automotive Direct Drive Motor Market to Grow at an Impressive CAGR of 202% Through 2021, Reports Technavio

Technavio has published a new report on the global automotive direct drive motor (DDM) market from 2017-2021. (Photo: Business Wire)

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LONDON--()--Technavio market research analysts forecast the global automotive direct drive motor (DDM) market to grow at a CAGR of close to 202% during the forecast period, according to their latest report.

The market study covers the present scenario and growth prospects of the global automotive direct drive motor market for 2017-2021. The report provides a comprehensive analysis of the key vendors along with a look at the emerging trends and drivers, which are expected to influence the market during the forecast period.

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Technavio automotive analysts highlight the following three market drivers that are contributing to the growth of the global automotive direct drive motor market:

  • Increased sales of EVs in major global regions
  • Reduced power losses with use of DDM improve performance of EVs
  • Economic savings on vehicles

Increased sales of EVs in major global regions

The development and adoption of green vehicles are the major solutions to reduce the emission of GHGs. Alternative fuel vehicles (AFVs) run on alternative sources of energy such as electricity, hybrid energy, solar energy, wind energy, or biofuels. APAC, North America, and Europe are the regions that are implementing stringent regulations regarding fuel emissions and tax incentives for the adoption of EVs. Tax incentives and subsidies for EV manufacturers and end-users are the other drivers that are fostering the market growth.

Currently, more than two electric motors are used in hybrids and pure EVs to surge the power and range, and a third one is kept for providing direct drive. Therefore, the EV sales will increase in the coming years owing to the regulations and tax subsidies, which will, in turn, propel the global automotive DDM market.

Reduced power losses with use of DDM improve performance of EVs

Unlike a conventional ICE vehicle, the range and emission levels in EVs depend on their electric powertrain control systems. DDMs enable a simple powertrain for vehicles, which results in maximum efficiency, less wear and tear, less maintenance, and ease of addition of advanced safety features. This, in turn, will increase the return on investments for end-users.

According to Neelam Barua, an industry expert for automotive electronics research, “The ease of installation of DDM systems, even in commercial vehicles, increases the aftermarket opportunity for customization purposes. As the number of vibrating parts decreases with the use of DDM, maintenance costs are reduced, thus, increasing the reliability of the EVs. These DDMs can withstand up to 1 million kilometers without maintenance.”

Economic savings on vehicles

DDMs can propel even a commercial vehicle, leaving space inside the vehicles to accommodate large battery packs, giving an improved range. At the same time, in-wheel motors allow features such as ABS, cruise control, and traction control through software upgrades without adding to the vehicle cost. This allows OEMs to earn money for the additional battery costs as no complex electronic controlling circuits are needed individually for these safety features. The end-user, in turn, will get vehicles with advanced dynamic safety features and improved performance at the same price.

“Another economic advantage is that mechanical components like gearbox, drive shaft, and differential and other ancillary components are eliminated with the use of direct drive in-wheel motors. This results in a simpler vehicle with fewer wearing components, making the construction and designing simpler,” adds Neelam.

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

Technavio market research analysts forecast the global automotive direct drive motor (DDM) market to grow at a CAGR of close to 202% during the forecast period, according to their latest report.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com