Electric Powertrain Market Development Driven by Axial Flux Motors PMSM and Dual Motor Systems

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Electric Powertrain Market"-, By Integration Type (Integrated & Non-integrated), Component (Motor, Battery, BMS, Controller, PDM, Inverter/Converter, On-Board Charger), Propulsion (BEV, PHEV), Vehicle Type (PC & LCV), and Global Forecasts, 2024-2031 And Segment Revenue and Forecast To 2031."

The Electric Powertrain Market is estimated to reach over USD 301.6 billion by 2031, exhibiting a CAGR of 17.1% during the forecast period.

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The global automotive sector is experiencing a profound transformation as electric vehicle (EV) powertrain technologies increasingly supplant conventional internal combustion engines (ICEs). This transition is driven by rising consumer demand for environmentally sustainable transportation and stringent regulatory requirements aimed at reducing greenhouse gas emissions.

Electric and hybrid electric vehicles (HEVs) utilize powertrain systems composed of electric motors, battery packs, and power control units, effectively replacing traditional gasoline and diesel engine architectures. These electric powertrains offer numerous advantages, including superior energy efficiency, lower carbon emissions, compact design, reduced noise output, and instantaneous torque, establishing them as a cornerstone of the shift toward sustainable mobility.

A notable development in this evolution is the integration of electric powertrains with advanced driver assistance systems (ADAS), which enhance both vehicle performance and operational safety. Capabilities such as automated emergency braking, adaptive cruise control, and lane-keeping assistance allow precise control of acceleration, braking, and steering, thereby improving driving efficiency and supporting the broader advancement of autonomous vehicle technologies.

As ADAS functionalities continue to evolve, their convergence with electric powertrain systems is expected to define the next generation of smart, connected vehicles. This integration offers substantial growth opportunities for automotive manufacturers and technology providers, enabling innovations that align with consumer expectations for enhanced performance, safety, and sustainability in future mobility solutions.

List of Prominent Players in the Electric Powertrain Market:
• Robert Bosch Gmbh
• Mitsubishi Electric Corporation
• Magna International Inc.
• Marelli Holdings Co., Ltd.
• Nissan Motor Co., Ltd.
• Sigma Powertrain, Inc.
• Continental Ag
• Dana
• BORGWARNER INC.
• Continental AG
• ZF
• Denso
• Hitachi Astemo Americas, Inc.
• Valeo
• CATL
• BYD
• LG
• Panasonic
• Samsung
• Cummins Inc.
• Delta Electronics, Inc.
• Hyundai Motor Company
• Volkswagen

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Market Dynamics
Drivers:
The electric powertrain market is positioned for substantial growth, driven by the accelerating shift toward vehicle electrification. This transition is generating increased demand for integrated systems, high-efficiency electric motors, and advanced power electronics. Automotive manufacturers are progressively adopting emerging technologies, including 800V architectures and dual-motor configurations, to enhance charging efficiency and optimize overall vehicle performance. Advanced motor designs, such as axial flux motors and Permanent Magnet Synchronous Motors (PMSMs), are gaining prominence due to their high torque output, compact form factor, and superior energy efficiency.

Future developments are expected to focus on modular e-powertrain platforms that consolidate motors, inverters, and transmissions into single, space-efficient units, thereby reducing costs and improving system integration. Concurrently, advancements in battery technologies, particularly solid-state and lithium-air batteries, are anticipated to increase energy density, extend driving range, and improve operational safety. Collectively, these innovations are propelling the automotive industry toward enhanced performance, greater sustainability, and broader adoption of electric vehicles (EVs).

Challenges:
Despite significant growth prospects, the market faces key challenges. Chief among these is the development of cost-effective, high-performance battery management systems (BMS), which remain a major factor in overall EV costs and may impede consumer adoption. Insufficient charging infrastructure-particularly limited fast-charging networks and publicly accessible stations-continues to constrain widespread deployment. Additionally, consumer concerns regarding range limitations and charging accessibility may further hinder large-scale adoption of electric powertrain solutions.

Regional Trends:
The Asia-Pacific region is projected to maintain a leading position in the electric powertrain market, driven primarily by China's substantial investments in EV technologies and supportive infrastructure. Advances in battery systems and electric motor technologies are facilitating the development of more efficient and powerful drivetrains. Government initiatives, including financial incentives, regulatory mandates, and stringent emissions standards, are accelerating EV adoption and stimulating demand for e-powertrain solutions.

In North America, particularly the United States, vehicle electrification is progressing steadily. Established automotive manufacturers are investing heavily in EV platforms and related technologies, while innovations in battery recycling and second-life applications are promoting a more sustainable and circular approach to electric mobility.

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Recent Developments:
• In May 2024, Mitsubishi Electric, Mitsubishi Electric Mobility, and AISIN decided to establish a joint venture to create and market control software, inverters, and traction motors for EVs of the future. AISIN will own 34% of the company, while Mitsubishi Electric Group will own 66%. In addition to meeting the increasing need for EV electrification systems, the enterprise seeks to promote worldwide carbon neutrality.
• In October 2023, Vitesco Technologies and Infineon Technologies strengthened their collaboration with a new deal worth more than one billion euros that will take effect in 2027. Vitesco will employ Infineon's AURIXTM TC4x microcontrollers in future electric car systems to increase system cost and efficiency while guaranteeing a steady supply of components for the transition to electromobility.
• In April 2023, DENSO Corporation developed its first inverter using power semiconductors made of silicon carbide (SiC). These inverters were installed in the Lexus RZ, the company's first electric vehicle (EV) model, and incorporated into the BluE Nexus Corporation's eAxle.

Segmentation of Electric Powertrain Market.
Global Electric Powertrain Market By integration type
• Integrated
• Non-integrated
Global Electric Powertrain Market - By Component
• Motor
• Battery
• BMS
• Controller
• PDM
• Inverter/Converter
• On-Board Charger
Global Electric Powertrain Market - By Propulsion
• BEV
• PHEV
Global Electric Powertrain Market - By Vehicle Type
• Passenger Cars
• Light Commercial Vehicle
Global Electric Powertrain Market - By Region
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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This release was published on openPR.