The market share of vehicles motivated primarily by electric propulsion remains mired in the low single digits globally, though it is projected to grow significantly in the coming decades. Despite the modest consumer adoption of fully electric and strong hybrid propulsion, automakers and suppliers are dramatically expanding their electrified offerings to achieve gains in fuel efficiency, reductions in emissions, and increases in available electrical power.
Over the last decade, EVs have entered the mainstream, and the traction motor is now the focus for OEMs and suppliers looking to establish industry leadership in the future. Numerous manufacturers announced plans in 2017 to offer at least 48 V mild-hybrid powertrains across all vehicles in their lineup. In many cases, manufacturers have reported they will make those offerings standard equipment. All of these vehicles will require electric drive motors, generators, and power electronics for alternating current-direct current (AC-DC) conversion as well as DC voltage conversion to support multiple vehicle subsystems.
This Navigant Research report examines how vehicle electrification is driving investment in all aspects of electric motor technologies and control electronics. The study analyzes the historical, current, and future trends related to electrification solutions for vehicles and discusses the key components of an electric drive system. It also provides detailed and actionable recommendations for industry players on some of the major areas to focus on to help successfully grow the market for these crucial electrification components.
Key Questions Addressed:
- What are the benefits of electric motor and power electronics technologies?
- What are some of the key advancements being made in the design and manufacturing of electric motor and power electronics technologies?
- What major challenges are faced by companies developing and deploying electric motor and power electronics technologies?
- How can OEMs and suppliers collaborate better?
Who needs this report?
- Automotive OEMs
- Tier One suppliers
- Motor manufacturers
- Silicon suppliers
- Connector suppliers
- Investor community
Table of Contents
Electrification of the Automobile Is Now Inevitable
The ICE Vehicle Has Set Expectations for the Industry and Society
It Is Not All Good News for the ICE
The Electrification Solution
The Market for Conventionally Powered Vehicles Is Forecast to Decline
Existing Suppliers, Both Large and Small, Are Ramping Up to Serve the Growing Market
JVs Are Being Set Up to Build the Foundations for New Business
Motor Manufacturers from Other Industries See Potential in the Automotive Market
Automated Driving Both Relies On and Drives Electrification
Electrification Driving Diverse Array of Hardware Solutions
Investing in the Right Technology for Each Application
Packaged Electric Drive Systems Offer OEMs an Easier Path to Electrification
The Electric Motor Is Still Evolving
Power Electronics Development Continues in Parallel with Motors
Integration Is the Priority for OEMs
Overall System Engineering to Meet Cost Targets Must Remain the Priority
Bold Research Projects and Concept Development Will Attract Attention in a Good Way
Continue Incremental Improvements to Conventional Vehicles
Radical Thinking Will Deliver Market Differentiation
Suppliers Must Focus on Component Efficiency
R&D Investment Will Pay Dividends
Integration Is Not Just an OEM Responsibility
Electric Motor Expertise Translates across Many Industries
List of Charts and Figures
- Converging Global Emissions Standards
- LDV Sales by Powertrain, Base Scenario, World Markets: 2016-2035
- Conventional Vehicle Architecture
- BMW i3 Architecture