The COVID-19 outbreak has emerged as a serious source of worry for automobile EV players. The automobile electrical vehicles sector has come to a standstill due to the halting of car manufacturing and logistics interruptions. Reduced auto sales following the outbreak would be a key source of anxiety for automobile EV Manufacturers in the near term. The intelligent electric powertrain industry, on the other hand, is predicted to have a large increase in 2022 mainly a result of the use of advanced incorporated technologies in an automobile. Prior to this, reduced EV car deliveries and a sudden halt in the introduction of novel innovations would lead to the intelligent electric drive industry growing slowly due to the outbreak.
Considering the increased demand for EVs inside the industry, e-axle consumption will expand at a quick rate. This is attributable to the industry’s rapidly increasing need for surplus EVs, as well as the increasing preference for zero-emission automobiles. Asia Pacific is likely to represent the greatest industry, with several significant EV producers in the area employing Aisin as well as Nidec e-axles.
International firms including Infineon, Robert Bosch, Aisin Seiki, BorgWarner, UQM Technologies, Schaeffler, Efficient Drivetrains, Continental, Siemens, and Shanghai Edrive SINOEV lead the intelligent electric powertrain industry. To acquire momentum in the fast-growing smart electric drive industry, these firms have started creating new technologies, implementing development plans, and engaging in partnerships, alliances, including acquisitions and mergers.
The European geographical industry is expected to dominate the worldwide industry throughout the projected timeframe, generating the highest Industry Shares. This nation is experiencing increased expansion as a result of numerous factors such as recent advancements in technology in battery technology, the implementation of regulatory stringent emissions control, rising demands for electrically charged battery packs, and plug-in combination and composite vehicles throughout the European region. Furthermore, electric car makers provide significant contributions to the territory, which is expected to prosper in the European industry growth.
Market Key Players: Siemens AG, ZF Friedrichshafen AG, Robert Bosch GmBH, Hitachi, Ltd., GKN PLC, AISIN SEIKI Co., Ltd., Magna International Inc., MAGNA INTERNATIONAL INC., AISIN , SEIKI Co., Ltd., Continental AG, SMR, Magnetic Systems Technology, ACTIA Group, ABM Greiffenberger, AVL List Gmbh, BorgWarner