Analysis of Key Market Segments Driving the Automotive Traction Motor Market

The automotive traction motor sector is witnessing significant momentum as electric vehicle adoption accelerates worldwide. This surge is driven by technological advancements and evolving industry demands, setting the stage for rapid expansion and innovation in the coming years. Let's explore the market size, key players, major trends, and segment insights shaping this dynamic industry.

Projected Market Size and Growth Outlook for the Automotive Traction Motor Market
The automotive traction motor market is anticipated to grow swiftly, reaching a valuation of $19.58 billion by 2030. This represents a robust compound annual growth rate (CAGR) of 16.9%. Several factors are propelling this expansion, including the scaling up of electric vehicle production, a growing need for motors with high torque density, optimization in the use of rare-earth materials, stricter efficiency regulations, and the widening availability of charging infrastructure. Emerging trends influencing this market include the shift toward high-efficiency traction motors, greater penetration of permanent magnet synchronous motors (PMSM), tighter integration of motors with power electronics, demand for more compact motor designs, and the rising development of multi-motor electric vehicle platforms.

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Leading Corporations Driving the Automotive Traction Motor Market
The market features a range of prominent companies that play a crucial role in its development. These include Robert Bosch GmbH, Hitachi Ltd., Siemens AG, ZF Friedrichshafen AG, Continental AG, Magna International Inc., Mitsubishi Electric Corporation, ABB Ltd., Toshiba Corporation, Schaeffler Technologies AG & Co. KG, Nidec Corporation, Mahle Group, BorgWarner Inc., Dana Incorporated, Regal Beloit Corporation, Shenzhen Inovance Technology Co. Ltd, Mitsuba Corporation, CG Power and Industrial Solutions Ltd., American Traction Systems, and Jing-Jin Electric Technologies Co Ltd.
In a strategic move in December 2025, Uno Minda Limited, an India-based automotive components manufacturer, acquired the remaining 49.9% stake in Uno Minda Buehler Motor Private Limited. This acquisition enables Uno Minda to gain full ownership of its EV traction motor manufacturing, which will streamline decision-making processes and accelerate its growth focus on electric two- and three-wheelers. Uno Minda Buehler Motor Private Limited specializes in producing traction motors specifically for these electric vehicle segments.

Innovations Shaping the Automotive Traction Motor Industry
Leading companies are investing heavily in innovative motor technologies to boost vehicle performance and extend driving range. One notable development is the magnet-free electric motor, which operates without permanent magnets, instead utilizing alternative principles such as reluctance or induction to generate motion. For example, in September 2023, ZF Friedrichshafen AG introduced the I2SM (In-Rotor Inductive-Excited Synchronous Motor), a magnet-free motor design where the rotor's magnetic field is created by inductive excitation. This design achieves high torque and power density while eliminating size and friction constraints typical of brush or slip-ring systems. Unlike traditional synchronous motor designs, the I2SM's compact inductive transmitter is housed inside the rotor shaft, reducing axial space requirements by up to 90 millimeters. This innovation improves efficiency by lowering energy transmission losses by 15% and cuts CO2 emissions during production by as much as 50% compared to conventional permanent magnet synchronous motors.

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Segment Overview and Market Share within the Global Automotive Traction Motor Industry
The automotive traction motor market is categorized into several important segments to provide detailed insights:
1) Motor Type: Alternating Current (AC) Induction Motors, Brushless Direct Current (BLDC) Motors, Permanent Magnet Synchronous Motors (PMSM), and Switched Reluctance Motors (SRM)
2) Power Output: Below 200 kW, 200-400 kW, and Above 400 kW
3) Vehicle Type: Passenger Cars, Trucks, Buses, Pickup Trucks, and Vans
4) Electric Vehicle (EV) Type: Battery Electric Vehicles, Fuel Cell Electric Vehicles, Hybrid Electric Vehicles, and Plug-In Hybrid Electric Vehicles

Further subcategories include:
- AC Induction Motors such as squirrel cage, wound rotor, high efficiency, high-torque for EVs, low-speed for city vehicles, and those with regenerative braking
- BLDC Motors including inner and outer rotor types, high-power variants for performance EVs, compact and low-cost models for urban mobility, those with integrated controllers, and water-cooled designs for heavy-duty use
- PMSM types like surface-mounted, interior permanent magnet (IPM), high-speed for sports vehicles, versions with integrated power electronics, high-torque density for commercial EVs, and options for hybrid electric vehicles
- SRM varieties such as radial and axial designs, high-torque motors for heavy-duty EVs, low-cost simple models for budget vehicles, high-speed units for performance EVs, and those equipped with advanced control systems for improved efficiency

This segmentation offers a comprehensive understanding of the diverse technologies and applications fueling growth in the automotive traction motor space.

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This release was published on openPR.