EV Powertrain Market

EV Powertrains to Drive the Penetration of Electric Vehicles in the Industrializing Economies. FMI Compares their Performance in Developed Economies

EV Powertrain Market Vehicle Type, Component Type, Propulsion Type & Region by Forecast 2023 to 2033

Global EV Powertrain Market Outlook

Throughout the projection period, it's expected that the demand for EV powertrains is likely to rise at a rate of over 24%. The net worth of the market is projected to reach US$ 112,036 million in 2033 from US$ 13,035.9 million in 2023.

The conventional ICE powertrain dominated the automotive powertrain industry for the last ten years. Nonetheless, as public mobility has shifted to become eco-friendlier and efficient, the sector today offers a wide variety of powertrains. So there are now various pure EV powertrains available in the diverse automobile powertrain spectrum that are gaining traction in recent years.

Nevertheless, a larger market share for EV powertrains is anticipated in some places, particularly in western countries promoting e-mobility in their cities. The EV components market across these countries is being also driven by alliances between top firms to construct charging stations and networks. As an illustration, Didi Chuxing from China and BP, the world's leading oil company, collaborated to develop many EV charging stations.

Witnessing the growing popularity of electric vehicles during the earlier decade many automotive powertrain suppliers also entered this sector. For instance, Robert Bosch GmbH introduced its e-axle powertrain for EVs in August 2017. By forming joint ventures and collaborations with regional EV manufacturers, prominent players from all over the world are expanding into the Chinese market recently.

Additionally, it is projected that the widespread e-mobility and alluring government subsidies for the local industry of EVs would diversify EV powertrains internationally. Further, with the development of electric powertrains, the landscape of EV powertrains as a whole is also becoming more flexible and dynamic.

Attributes	Details
EV Powertrain Market Share (2022)	US$ 10,470.6 million
EV Powertrain Market Size Value (2023)	US$ 13,035.9 million
EV Powertrain Market Size Value (2033)	US$ 112,036 million
EV Powertrain Market Growth Rate (2023 to 2033)	24%

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Market Historical Analysis (2018 to 2022) Vs. Forecast Outlook (2023 to 2033)

The overall valuation of the total sales of EV powertrains achieved in 2022 was US$ 10,470.6 million from US$ 5,945.1 million in 2018. Though the market witnessed a promising growth trend immediately after 2018, it slowed down after two years impacting the average CAGR.

Owing to a downturn in sales and the prohibition of transportation, the pandemic had an impact on the whole automotive industry including EVs. As a result, the electric powertrains market experienced slower growth and the average CAGR came down between 2018 and 2022.

A flourishing market of BEVs and HEVs is very necessary for higher EV powertrain market opportunities and trends. Moreover, deliveries of plug-in vehicles increased by 46% to 11, 34, 000 units globally in the first half of 2019 compared to 2018. This rising trend augmented the demand for EV powertrains during the period from 2018 to 2022 which grew by 15.2% on average per year.

Restraints Faced by Prominent Electric Vehicle Powertrain Key Players

The rare earth metals used in permanent magnets for synchronous motors in EV powertrains are susceptible to export limitations and supply issues. So the extension of production facilities to countries with higher reserves for such raw materials is an observable trend in this market sector.

A practical barrier that may prevent the expansion of the EV powertrain industry is the absence of definite development standards for EV components, including powertrains. Although affluent nations have standardized fabrication procedures for EV powertrains, such procedures do not exist in developing nations. However, with the constant effort of international organizations the protocol for EV components is evolving positively over these years for market players.

Nikhil Kaitwade

Principal Consultant

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Category-wise Insights

BEV Currently Generates Higher Demand for EV Powertrains than any other Vehicle Types

In 2022 and the preceding years, the BEV sector held the leading market share of more than 70% of the total demand for EV powertrains. Hybrid cars are becoming more popular because they provide better environmental advantages and a cheaper total cost of ownership than cars powered by ICE. In addition, it is anticipated that improvements in lithium-ion batteries and reductions in cost would increase demand for BEVs in the future.

Even during the projection period, the HEV/PHEVs sector is anticipated to record a higher CAGR than the BEV market segment. People are embracing PHEVs actively to take advantage of several advantages, including a bigger battery that can be swiftly recharged.

Among the Different Components of the EV Powertrain, the Electric Motor Constitutes the Dominant Segment

As per the analysis of global demand for EV powertrains, the electric motor segment held the biggest market share, accounting for 45.8% of the total. The main drivers for further expansion in this sector are rising demand for electric cars and advancements in powertrain technology.

Other components of electric vehicle powertrains play an equal role in the advancement of this market sector and are anticipated to witness similar trends. In the coming days, the sales of the power distribution model are also anticipated to go through a significant overhaul in terms of market demand.

Comparative View of Adjacent Markets

EV Powertrain Market:

Attributes	EV Powertrain Market
CAGR (2023 to 2033)	24%
Market Value (2023)	US$ 13,035.9 million
Growth Factor	Recent developments in more efficient power transmission systems for better performance of EVs
Future Opportunities	Improvement in the overall performance of the powertrain by developing new components
Market Trends	Leading players are shifting their production units to Asia Pacific countries for a better market

EV Charger Market:

Attributes	EV Charger Market
CAGR (2023 to 2033)	26.6%
Market Value (2023)	US$ 6,520.9 million
Growth Factor	The growing popularity of electric cars for personal use by many existing four-wheeler users
Future Opportunities	Government initiatives to establish nationwide EV charging stations and network
Market Trends	Partnership with electric companies to adopt new technologies as soon as possible

EV Power Module Market:

Attributes	EV Power Module Market
CAGR (2023 to 2033)	24%
Market Value (2023)	US$ 1,955.4 million
Growth Factor	Rising sales of electric commercial vehicles requiring robust charging components
Future Opportunities	Advancement in electric vehicle charging technology by global suppliers
Market Trends	Collaboration of power module suppliers with leading electric vehicle manufacturers

Country-wise Insights

United States to Lead the Trend of Research and Development in Electric Vehicle Powertrains

With nearly 10.8% of EV powertrains sold there, the United States continues to hold the top position in the business on a worldwide scale. The United States electric vehicle manufacturers are releasing more EVs with cutting-edge features and sales of such high-performance EVs are also rising promisingly.

As per the global EV train market analysis report released by FMI, the United States is anticipated to have a consistent growth trend for the next ten years. As consumers prefer high-end EVs and drive more distances, the development of advanced powertrains would be the key focus.

Germany Controls the Europe Market by Holding a Global Market Share of 9.6%

Many European nations, including Germany, France, and the United Kingdom exhibited a strong demand for EV powertrains in the years preceding 2022. But the overall market is presently constrained by low stocks, wait-for lists for popular BEVs, and the exhaustion of high-demand PHEVs.

In the European region, Germany is the leading supplier of powertrains for electric vehicles to EV manufacturers operating in other European nations. Moreover, the presence of many leading automakers in the country generated a revenue of around US$ 1,005 million in 2022. German carmaker Mercedes-Benz said in July 2021 to purchase Yasa, which is a provider of advanced electric propulsion technologies that now offers solutions for hybrid powertrains.

On the other hand, EV component manufacturers in the United Kingdom have gained sufficient traction in the last few years. FMI predicts the overall demand for EV powertrains in particular may experience a higher growth rate of 19.6% during the projected period.

Many Other Countries besides China May Overtake the EV Powertrain Market in Asia Pacific Soon

China remains the main driver of the EV powertrain market trends and opportunities in the Asia Pacific region having many leading players. Though regulatory policies have slowed down the Chinese market it is still poised to grow at a rate of 21.3% through 2033.

Many global players in the e-mobility sector have also recognized the importance of China's electric vehicle components business including EV powertrains. For instance, Magna International and Huayu Automotive Systems reached a deal to increase their market presence in the Asia Pacific.

In the Asia Pacific region, Japan, with a developed market, is also a significant country for supplying EV powertrains around the world. It holds a share of 1.8% of the global market and is projected to reach a valuation of US$ 2,016 million by the end of 2033.

Australia is another remarkable market that is improving significantly, as evident from the FMI survey report. The contribution of the Australian EV powertrain share in the global market is nearly 1%, and the overall valuation would reach US$ 1,120 million by 2033.

Demand for EV Powertrains in India to Grow at a higher rate than Global Average

Throughout the projection period, India is anticipated to increase significantly for several legislative initiatives that encourage EV sales. The country's e-electric vehicle powertrain industry is further being driven by the adoption of stringent emission rules like BS-VI.

Based on the figures obtained by FMI, this country is projected to register an above-average growth rate of 25.4% over the forecast years. As per this survey report for overall demand for EV powertrains in India, an emerging EV industry would support its further growth.

Original Equipment Manufacturers to Emerge as Strong Competitors for Existing Market Players

Only a few companies, like Robert Bosch GmbH, ZF Friedrichshafen AG, Cummins Inc., and Dana Incorporated control a large portion of the market for EV powertrains. The companies are forming alliances, undertaking research and development, and introducing new goods to keep up with their rivals.

For illustration, Efficient Drivetrains, Inc., which is based in the United States, was acquired by Cummins Inc. in July 2018. The firm acquired this developer and manufacturer of powertrains to become the leading brand for electric vehicle powertrains on a worldwide scale.

Bosch and Nikola formed a cooperation in September 2017 to create an electric-powered drivetrain utilizing Bosch's e-Axle advanced technologies. It transfers power from the engine and is currently being developed for long-haul trucks.

Prominent automakers including Toyota, Honda, Tesla, General Motors, and Ford, among others, are projected to make significant investments propelling the competition in the market. Additionally, it is anticipated that the emerging trends in EV powertrains would grow as a result of the developing collaborations between automakers and powertrain motor companies.

Additionally, suppliers and OEMs may be expected to create business partnerships for the advancement of e-motors to take advantage of the rising requirement for EV powertrains. For example, a joint project to produce automobile electrical components was established in 2019 by the e-motor maker Nidec Corp. and GAC Components Co., Ltd.

Key Players Profiled in the Market Report

Robert Bosch GmbH
Continental AG
Magna International Inc.
Mitsubishi Electric Corporation
ZF Friedrichshafen AG
BorgWarner Inc.
Valeo SE
Hitachi Automotive Systems
NXP Semiconductors
Dana Incorporated

Key Segments

By Vehicle Type:

Passenger Cars
Buses and Coaches

By Component Type:

Electric Motors
Inverter
Converter
Power Distribution Model
Transmission
Others

By Propulsion Type:

Battery Electric Vehicles (BEV)
Hybrid Electric Vehicles (HEV)
Plug-in Hybrid Electric Vehicles (PEV)
Fuel Cell Electric Vehicles (FCEV)

By Region:

North America
Latin America
Europe
East Asia
South Asia and the Pacific
The Middle East and Africa (MEA)

Frequently Asked Questions

What is the Growth Outlook of the EV Powertrain Market?

The global market is anticipated to grow at 24% during the forecast period.

What is the projected Value of the EV Powertrain Market By 2033?

The global market is predicted to be valued at US$ 112,036 million by 2033.

What was the Historical Size of the EV Powertrain Market?

The global market was valued at US$ 10,470.6 million in 2022.

Which Country is the Dominant Share Holder in the EV Powertrain Market?

The United States accounts for a 10.1% revenue share of the market.

Which Country has an Impressive Growth Potential in the EV Powertrain Market?

India is predicted to register a CAGR of 25.4% in the market.

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

3.2.1. Demand in Optimistic Scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in Conservative Scenario

3.3. Opportunity Map Analysis

3.4. Product Life Cycle Analysis

3.5. Supply Chain Analysis

3.5.1. Supply Side Participants and their Roles

3.5.1.1. Producers

3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

3.5.1.3. Wholesalers and Distributors

3.5.2. Value Added and Value Created at Node in the Supply Chain

3.5.3. List of Raw Material Suppliers

3.5.4. List of Existing and Potential Buyer’s

3.6. Investment Feasibility Matrix

3.7. Value Chain Analysis

3.7.1. Profit Margin Analysis

3.7.2. Wholesalers and Distributors

3.7.3. Retailers

3.8. PESTLE and Porter’s Analysis

3.9. Regulatory Landscape

3.9.1. By Key Regions

3.9.2. By Key Countries

3.10. Regional Parent Market Outlook

3.11. Production and Consumption Statistics

3.12. Import and Export Statistics

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022

4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033

4.2.1. Y-o-Y Growth Trend Analysis

4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vehicle Type

5.1. Introduction / Key Findings

5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Vehicle Type, 2018 to 2022

5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Vehicle Type, 2023 to 2033

5.3.1. Passenger Cars

5.3.2. Buses & Coaches

5.4. Y-o-Y Growth Trend Analysis By Vehicle Type, 2018 to 2022

5.5. Absolute $ Opportunity Analysis By Vehicle Type, 2023 to 2033

6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Component Type

6.1. Introduction / Key Findings

6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Component Type, 2018 to 2022

6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Component Type, 2023 to 2033

6.3.1. Electric Motor

6.3.2. Inverter

6.3.3. Converter

6.3.4. Power Distribution Module

6.3.5. Transmission

6.4. Y-o-Y Growth Trend Analysis By Component Type, 2018 to 2022

6.5. Absolute $ Opportunity Analysis By Component Type, 2023 to 2033

7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region

7.1. Introduction

7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022

7.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033

7.3.1. North America

7.3.2. Latin America

7.3.3. Europe

7.3.4. Asia Pacific

7.3.5. MEA

7.4. Market Attractiveness Analysis By Region

8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

8.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

8.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

8.2.1. By Country

8.2.1.1. USA

8.2.1.2. Canada

8.2.2. By Vehicle Type

8.2.3. By Component Type

8.3. Market Attractiveness Analysis

8.3.1. By Country

8.3.2. By Vehicle Type

8.3.3. By Component Type

8.4. Key Takeaways

9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

9.2.1. By Country

9.2.1.1. Brazil

9.2.1.2. Mexico

9.2.1.3. Rest of Latin America

9.2.2. By Vehicle Type

9.2.3. By Component Type

9.3. Market Attractiveness Analysis

9.3.1. By Country

9.3.2. By Vehicle Type

9.3.3. By Component Type

9.4. Key Takeaways

10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

10.2.1. By Country

10.2.1.1. Germany

10.2.1.2. United Kingdom

10.2.1.3. France

10.2.1.4. Spain

10.2.1.5. Italy

10.2.1.6. Rest of Europe

10.2.2. By Vehicle Type

10.2.3. By Component Type

10.3. Market Attractiveness Analysis

10.3.1. By Country

10.3.2. By Vehicle Type

10.3.3. By Component Type

10.4. Key Takeaways

11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

11.2.1. By Country

11.2.1.1. China

11.2.1.2. Japan

11.2.1.3. South Korea

11.2.1.4. Singapore

11.2.1.5. Thailand

11.2.1.6. Indonesia

11.2.1.7. Australia

11.2.1.8. New Zealand

11.2.1.9. Rest of Asia Pacific

11.2.2. By Vehicle Type

11.2.3. By Component Type

11.3. Market Attractiveness Analysis

11.3.1. By Country

11.3.2. By Vehicle Type

11.3.3. By Component Type

11.4. Key Takeaways

12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

12.2.1. By Country

12.2.1.1. GCC Countries

12.2.1.2. South Africa

12.2.1.3. Israel

12.2.1.4. Rest of MEA

12.2.2. By Vehicle Type

12.2.3. By Component Type

12.3. Market Attractiveness Analysis

12.3.1. By Country

12.3.2. By Vehicle Type

12.3.3. By Component Type

12.4. Key Takeaways

13. Key Countries Market Analysis

13.1. USA

13.1.1. Pricing Analysis

13.1.2. Market Share Analysis, 2022

13.1.2.1. By Vehicle Type

13.1.2.2. By Component Type

13.2. Canada

13.2.1. Pricing Analysis

13.2.2. Market Share Analysis, 2022

13.2.2.1. By Vehicle Type

13.2.2.2. By Component Type

13.3. Brazil

13.3.1. Pricing Analysis

13.3.2. Market Share Analysis, 2022

13.3.2.1. By Vehicle Type

13.3.2.2. By Component Type

13.4. Mexico

13.4.1. Pricing Analysis

13.4.2. Market Share Analysis, 2022

13.4.2.1. By Vehicle Type

13.4.2.2. By Component Type

13.5. Germany

13.5.1. Pricing Analysis

13.5.2. Market Share Analysis, 2022

13.5.2.1. By Vehicle Type

13.5.2.2. By Component Type

13.6. United Kingdom

13.6.1. Pricing Analysis

13.6.2. Market Share Analysis, 2022

13.6.2.1. By Vehicle Type

13.6.2.2. By Component Type

13.7. France

13.7.1. Pricing Analysis

13.7.2. Market Share Analysis, 2022

13.7.2.1. By Vehicle Type

13.7.2.2. By Component Type

13.8. Spain

13.8.1. Pricing Analysis

13.8.2. Market Share Analysis, 2022

13.8.2.1. By Vehicle Type

13.8.2.2. By Component Type

13.9. Italy

13.9.1. Pricing Analysis

13.9.2. Market Share Analysis, 2022

13.9.2.1. By Vehicle Type

13.9.2.2. By Component Type

13.10. China

13.10.1. Pricing Analysis

13.10.2. Market Share Analysis, 2022

13.10.2.1. By Vehicle Type

13.10.2.2. By Component Type

13.11. Japan

13.11.1. Pricing Analysis

13.11.2. Market Share Analysis, 2022

13.11.2.1. By Vehicle Type

13.11.2.2. By Component Type

13.12. South Korea

13.12.1. Pricing Analysis

13.12.2. Market Share Analysis, 2022

13.12.2.1. By Vehicle Type

13.12.2.2. By Component Type

13.13. Singapore

13.13.1. Pricing Analysis

13.13.2. Market Share Analysis, 2022

13.13.2.1. By Vehicle Type

13.13.2.2. By Component Type

13.14. Thailand

13.14.1. Pricing Analysis

13.14.2. Market Share Analysis, 2022

13.14.2.1. By Vehicle Type

13.14.2.2. By Component Type

13.15. Indonesia

13.15.1. Pricing Analysis

13.15.2. Market Share Analysis, 2022

13.15.2.1. By Vehicle Type

13.15.2.2. By Component Type

13.16. Australia

13.16.1. Pricing Analysis

13.16.2. Market Share Analysis, 2022

13.16.2.1. By Vehicle Type

13.16.2.2. By Component Type

13.17. New Zealand

13.17.1. Pricing Analysis

13.17.2. Market Share Analysis, 2022

13.17.2.1. By Vehicle Type

13.17.2.2. By Component Type

13.18. GCC Countries

13.18.1. Pricing Analysis

13.18.2. Market Share Analysis, 2022

13.18.2.1. By Vehicle Type

13.18.2.2. By Component Type

13.19. South Africa

13.19.1. Pricing Analysis

13.19.2. Market Share Analysis, 2022

13.19.2.1. By Vehicle Type

13.19.2.2. By Component Type

13.20. Israel

13.20.1. Pricing Analysis

13.20.2. Market Share Analysis, 2022

13.20.2.1. By Vehicle Type

13.20.2.2. By Component Type

14. Market Structure Analysis

14.1. Competition Dashboard

14.2. Competition Benchmarking

14.3. Market Share Analysis of Top Players

14.3.1. By Regional

14.3.2. By Vehicle Type

14.3.3. By Component Type

15. Competition Analysis

15.1. Competition Deep Dive

15.1.1. Robert Bosch GmbH

15.1.1.1. Overview

15.1.1.2. Product Portfolio

15.1.1.3. Profitability by Market Segments

15.1.1.4. Sales Footprint

15.1.1.5. Strategy Overview

15.1.1.5.1. Marketing Strategy

15.1.1.5.2. Product Strategy

15.1.1.5.3. Channel Strategy

15.1.2. Continental AG

15.1.2.1. Overview

15.1.2.2. Product Portfolio

15.1.2.3. Profitability by Market Segments

15.1.2.4. Sales Footprint

15.1.2.5. Strategy Overview

15.1.2.5.1. Marketing Strategy

15.1.2.5.2. Product Strategy

15.1.2.5.3. Channel Strategy

15.1.3. Magna International Inc.

15.1.3.1. Overview

15.1.3.2. Product Portfolio

15.1.3.3. Profitability by Market Segments

15.1.3.4. Sales Footprint

15.1.3.5. Strategy Overview

15.1.3.5.1. Marketing Strategy

15.1.3.5.2. Product Strategy

15.1.3.5.3. Channel Strategy

15.1.4. Mitsubishi Electric Corporation

15.1.4.1. Overview

15.1.4.2. Product Portfolio

15.1.4.3. Profitability by Market Segments

15.1.4.4. Sales Footprint

15.1.4.5. Strategy Overview

15.1.4.5.1. Marketing Strategy

15.1.4.5.2. Product Strategy

15.1.4.5.3. Channel Strategy

15.1.5. ZF Friedrichshafen AG

15.1.5.1. Overview

15.1.5.2. Product Portfolio

15.1.5.3. Profitability by Market Segments

15.1.5.4. Sales Footprint

15.1.5.5. Strategy Overview

15.1.5.5.1. Marketing Strategy

15.1.5.5.2. Product Strategy

15.1.5.5.3. Channel Strategy

15.1.6. BorgWarner Inc.

15.1.6.1. Overview

15.1.6.2. Product Portfolio

15.1.6.3. Profitability by Market Segments

15.1.6.4. Sales Footprint

15.1.6.5. Strategy Overview

15.1.6.5.1. Marketing Strategy

15.1.6.5.2. Product Strategy

15.1.6.5.3. Channel Strategy

15.1.7. Valeo

15.1.7.1. Overview

15.1.7.2. Product Portfolio

15.1.7.3. Profitability by Market Segments

15.1.7.4. Sales Footprint

15.1.7.5. Strategy Overview

15.1.7.5.1. Marketing Strategy

15.1.7.5.2. Product Strategy

15.1.7.5.3. Channel Strategy

15.1.8. Hitachi Automotive Systems

15.1.8.1. Overview

15.1.8.2. Product Portfolio

15.1.8.3. Profitability by Market Segments

15.1.8.4. Sales Footprint

15.1.8.5. Strategy Overview

15.1.8.5.1. Marketing Strategy

15.1.8.5.2. Product Strategy

15.1.8.5.3. Channel Strategy

15.1.9. NXP Semiconductors

15.1.9.1. Overview

15.1.9.2. Product Portfolio

15.1.9.3. Profitability by Market Segments

15.1.9.4. Sales Footprint

15.1.9.5. Strategy Overview

15.1.9.5.1. Marketing Strategy

15.1.9.5.2. Product Strategy

15.1.9.5.3. Channel Strategy

15.1.10. Dana Incorporated

15.1.10.1. Overview

15.1.10.2. Product Portfolio

15.1.10.3. Profitability by Market Segments

15.1.10.4. Sales Footprint

15.1.10.5. Strategy Overview

15.1.10.5.1. Marketing Strategy

15.1.10.5.2. Product Strategy

15.1.10.5.3. Channel Strategy

16. Assumptions & Acronyms Used

17. Research Methodology

List of Tables

Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033

Table 2: Global Market Volume (Units) Forecast by Region, 2018 to 2033

Table 3: Global Market Value (US$ Million) Forecast by Vehicle Type, 2018 to 2033

Table 4: Global Market Volume (Units) Forecast by Vehicle Type, 2018 to 2033

Table 5: Global Market Value (US$ Million) Forecast by Component Type, 2018 to 2033

Table 6: Global Market Volume (Units) Forecast by Component Type, 2018 to 2033

Table 7: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 8: North America Market Volume (Units) Forecast by Country, 2018 to 2033

Table 9: North America Market Value (US$ Million) Forecast by Vehicle Type, 2018 to 2033

Table 10: North America Market Volume (Units) Forecast by Vehicle Type, 2018 to 2033

Table 11: North America Market Value (US$ Million) Forecast by Component Type, 2018 to 2033

Table 12: North America Market Volume (Units) Forecast by Component Type, 2018 to 2033

Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 14: Latin America Market Volume (Units) Forecast by Country, 2018 to 2033

Table 15: Latin America Market Value (US$ Million) Forecast by Vehicle Type, 2018 to 2033

Table 16: Latin America Market Volume (Units) Forecast by Vehicle Type, 2018 to 2033

Table 17: Latin America Market Value (US$ Million) Forecast by Component Type, 2018 to 2033

Table 18: Latin America Market Volume (Units) Forecast by Component Type, 2018 to 2033

Table 19: Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 20: Europe Market Volume (Units) Forecast by Country, 2018 to 2033

Table 21: Europe Market Value (US$ Million) Forecast by Vehicle Type, 2018 to 2033

Table 22: Europe Market Volume (Units) Forecast by Vehicle Type, 2018 to 2033

Table 23: Europe Market Value (US$ Million) Forecast by Component Type, 2018 to 2033

Table 24: Europe Market Volume (Units) Forecast by Component Type, 2018 to 2033

Table 25: Asia Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 26: Asia Pacific Market Volume (Units) Forecast by Country, 2018 to 2033

Table 27: Asia Pacific Market Value (US$ Million) Forecast by Vehicle Type, 2018 to 2033

Table 28: Asia Pacific Market Volume (Units) Forecast by Vehicle Type, 2018 to 2033

Table 29: Asia Pacific Market Value (US$ Million) Forecast by Component Type, 2018 to 2033

Table 30: Asia Pacific Market Volume (Units) Forecast by Component Type, 2018 to 2033

Table 31: MEA Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 32: MEA Market Volume (Units) Forecast by Country, 2018 to 2033

Table 33: MEA Market Value (US$ Million) Forecast by Vehicle Type, 2018 to 2033

Table 34: MEA Market Volume (Units) Forecast by Vehicle Type, 2018 to 2033

Table 35: MEA Market Value (US$ Million) Forecast by Component Type, 2018 to 2033

Table 36: MEA Market Volume (Units) Forecast by Component Type, 2018 to 2033

Nikhil Kaitwade

Principal Consultant

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List of Charts

Figure 1: Global Market Value (US$ Million) by Vehicle Type, 2023 to 2033

Figure 2: Global Market Value (US$ Million) by Component Type, 2023 to 2033

Figure 3: Global Market Value (US$ Million) by Region, 2023 to 2033

Figure 4: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033

Figure 5: Global Market Volume (Units) Analysis by Region, 2018 to 2033

Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033

Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033

Figure 8: Global Market Value (US$ Million) Analysis by Vehicle Type, 2018 to 2033

Figure 9: Global Market Volume (Units) Analysis by Vehicle Type, 2018 to 2033

Figure 10: Global Market Value Share (%) and BPS Analysis by Vehicle Type, 2023 to 2033

Figure 11: Global Market Y-o-Y Growth (%) Projections by Vehicle Type, 2023 to 2033

Figure 12: Global Market Value (US$ Million) Analysis by Component Type, 2018 to 2033

Figure 13: Global Market Volume (Units) Analysis by Component Type, 2018 to 2033

Figure 14: Global Market Value Share (%) and BPS Analysis by Component Type, 2023 to 2033

Figure 15: Global Market Y-o-Y Growth (%) Projections by Component Type, 2023 to 2033

Figure 16: Global Market Attractiveness by Vehicle Type, 2023 to 2033

Figure 17: Global Market Attractiveness by Component Type, 2023 to 2033

Figure 18: Global Market Attractiveness by Region, 2023 to 2033

Figure 19: North America Market Value (US$ Million) by Vehicle Type, 2023 to 2033

Figure 20: North America Market Value (US$ Million) by Component Type, 2023 to 2033

Figure 21: North America Market Value (US$ Million) by Country, 2023 to 2033

Figure 22: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 23: North America Market Volume (Units) Analysis by Country, 2018 to 2033

Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 26: North America Market Value (US$ Million) Analysis by Vehicle Type, 2018 to 2033

Figure 27: North America Market Volume (Units) Analysis by Vehicle Type, 2018 to 2033

Figure 28: North America Market Value Share (%) and BPS Analysis by Vehicle Type, 2023 to 2033

Figure 29: North America Market Y-o-Y Growth (%) Projections by Vehicle Type, 2023 to 2033

Figure 30: North America Market Value (US$ Million) Analysis by Component Type, 2018 to 2033

Figure 31: North America Market Volume (Units) Analysis by Component Type, 2018 to 2033

Figure 32: North America Market Value Share (%) and BPS Analysis by Component Type, 2023 to 2033

Figure 33: North America Market Y-o-Y Growth (%) Projections by Component Type, 2023 to 2033

Figure 34: North America Market Attractiveness by Vehicle Type, 2023 to 2033

Figure 35: North America Market Attractiveness by Component Type, 2023 to 2033

Figure 36: North America Market Attractiveness by Country, 2023 to 2033

Figure 37: Latin America Market Value (US$ Million) by Vehicle Type, 2023 to 2033

Figure 38: Latin America Market Value (US$ Million) by Component Type, 2023 to 2033

Figure 39: Latin America Market Value (US$ Million) by Country, 2023 to 2033

Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 41: Latin America Market Volume (Units) Analysis by Country, 2018 to 2033

Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 44: Latin America Market Value (US$ Million) Analysis by Vehicle Type, 2018 to 2033

Figure 45: Latin America Market Volume (Units) Analysis by Vehicle Type, 2018 to 2033

Figure 46: Latin America Market Value Share (%) and BPS Analysis by Vehicle Type, 2023 to 2033

Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Vehicle Type, 2023 to 2033

Figure 48: Latin America Market Value (US$ Million) Analysis by Component Type, 2018 to 2033

Figure 49: Latin America Market Volume (Units) Analysis by Component Type, 2018 to 2033

Figure 50: Latin America Market Value Share (%) and BPS Analysis by Component Type, 2023 to 2033

Figure 51: Latin America Market Y-o-Y Growth (%) Projections by Component Type, 2023 to 2033

Figure 52: Latin America Market Attractiveness by Vehicle Type, 2023 to 2033

Figure 53: Latin America Market Attractiveness by Component Type, 2023 to 2033

Figure 54: Latin America Market Attractiveness by Country, 2023 to 2033

Figure 55: Europe Market Value (US$ Million) by Vehicle Type, 2023 to 2033

Figure 56: Europe Market Value (US$ Million) by Component Type, 2023 to 2033

Figure 57: Europe Market Value (US$ Million) by Country, 2023 to 2033

Figure 58: Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 59: Europe Market Volume (Units) Analysis by Country, 2018 to 2033

Figure 60: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 61: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 62: Europe Market Value (US$ Million) Analysis by Vehicle Type, 2018 to 2033

Figure 63: Europe Market Volume (Units) Analysis by Vehicle Type, 2018 to 2033

Figure 64: Europe Market Value Share (%) and BPS Analysis by Vehicle Type, 2023 to 2033

Figure 65: Europe Market Y-o-Y Growth (%) Projections by Vehicle Type, 2023 to 2033

Figure 66: Europe Market Value (US$ Million) Analysis by Component Type, 2018 to 2033

Figure 67: Europe Market Volume (Units) Analysis by Component Type, 2018 to 2033

Figure 68: Europe Market Value Share (%) and BPS Analysis by Component Type, 2023 to 2033

Figure 69: Europe Market Y-o-Y Growth (%) Projections by Component Type, 2023 to 2033

Figure 70: Europe Market Attractiveness by Vehicle Type, 2023 to 2033

Figure 71: Europe Market Attractiveness by Component Type, 2023 to 2033

Figure 72: Europe Market Attractiveness by Country, 2023 to 2033

Figure 73: Asia Pacific Market Value (US$ Million) by Vehicle Type, 2023 to 2033

Figure 74: Asia Pacific Market Value (US$ Million) by Component Type, 2023 to 2033

Figure 75: Asia Pacific Market Value (US$ Million) by Country, 2023 to 2033

Figure 76: Asia Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 77: Asia Pacific Market Volume (Units) Analysis by Country, 2018 to 2033

Figure 78: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 79: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 80: Asia Pacific Market Value (US$ Million) Analysis by Vehicle Type, 2018 to 2033

Figure 81: Asia Pacific Market Volume (Units) Analysis by Vehicle Type, 2018 to 2033

Figure 82: Asia Pacific Market Value Share (%) and BPS Analysis by Vehicle Type, 2023 to 2033

Figure 83: Asia Pacific Market Y-o-Y Growth (%) Projections by Vehicle Type, 2023 to 2033

Figure 84: Asia Pacific Market Value (US$ Million) Analysis by Component Type, 2018 to 2033

Figure 85: Asia Pacific Market Volume (Units) Analysis by Component Type, 2018 to 2033

Figure 86: Asia Pacific Market Value Share (%) and BPS Analysis by Component Type, 2023 to 2033

Figure 87: Asia Pacific Market Y-o-Y Growth (%) Projections by Component Type, 2023 to 2033

Figure 88: Asia Pacific Market Attractiveness by Vehicle Type, 2023 to 2033

Figure 89: Asia Pacific Market Attractiveness by Component Type, 2023 to 2033

Figure 90: Asia Pacific Market Attractiveness by Country, 2023 to 2033

Figure 91: MEA Market Value (US$ Million) by Vehicle Type, 2023 to 2033

Figure 92: MEA Market Value (US$ Million) by Component Type, 2023 to 2033

Figure 93: MEA Market Value (US$ Million) by Country, 2023 to 2033

Figure 94: MEA Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 95: MEA Market Volume (Units) Analysis by Country, 2018 to 2033

Figure 96: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 97: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 98: MEA Market Value (US$ Million) Analysis by Vehicle Type, 2018 to 2033

Figure 99: MEA Market Volume (Units) Analysis by Vehicle Type, 2018 to 2033

Figure 100: MEA Market Value Share (%) and BPS Analysis by Vehicle Type, 2023 to 2033

Figure 101: MEA Market Y-o-Y Growth (%) Projections by Vehicle Type, 2023 to 2033

Figure 102: MEA Market Value (US$ Million) Analysis by Component Type, 2018 to 2033

Figure 103: MEA Market Volume (Units) Analysis by Component Type, 2018 to 2033

Figure 104: MEA Market Value Share (%) and BPS Analysis by Component Type, 2023 to 2033

Figure 105: MEA Market Y-o-Y Growth (%) Projections by Component Type, 2023 to 2033

Figure 106: MEA Market Attractiveness by Vehicle Type, 2023 to 2033

Figure 107: MEA Market Attractiveness by Component Type, 2023 to 2033

Figure 108: MEA Market Attractiveness by Country, 2023 to 2033