Technavio's latest report on the global automotive motors marketprovides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
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Technavio has published a new report on the global automotive motors market from 2017-2021. (Graphic: Business Wire)
The research study by Technavio on the global automotive motors market for 2017-2021 provides a detailed industry analysis based on motor type (brushed DC motors (BDCMs) and brushless DC motors (BLDCMs)) and geography (APAC, the Americas, and EMEA).
An electric motor is a device that converts electrical energy into mechanical energy. Technavio analysts forecast the global automotive motors market to grow to 3.8 billion units by 2021, at a CAGR of more than 5% over the forecast period. The market share of brushless DC motors will rise rapidly over the forecast period, leading to the growth of the automotive motors market. |
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The top three emerging trends driving the global automotive motors market according to Technavio automotive research analysts are:
- Growing opportunity of in-wheel micro drive systems
- Development of advanced RBS to increase motor applications
- Growing use of adaptive headlights to increase automotive motor adoption
Growing opportunity of in-wheel micro drive systems
"The installation of motors next to the wheel as a direct drive to obtain high torque is swiftly gaining popularity. An in-wheel motor not only minimizes the space required but also gives additional room for the battery pack and luggagesays Siddharth Jaiswal, a lead analyst at Technavio for automotive electronics research.
The main advantage of such micro inverter systems is the multiple levels of redundancy that it provides. For instance, Protean Electric developed an inside-out motor, where high torque is generated by mounting the magnets on a rotor that sits outside the stator.
Development of advanced RBS to increase motor applications
In the last decade, regenerative braking systems (RBSs) have been adopted for various applications in hybrid vehicles and all segments of electric vehicles (EVs). Hyundai Mobis' iMEB, which integrates RBS for EVs with a single electronic system, is one of the first and most successful variants of the technology. Additionally, this system also allows the integration of RBS with other brake systems such as ABS, ACC, and autonomous emergency braking (AEB), which is further driving the adoption of automotive motors for various applications.
Growing use of adaptive headlights to increase automotive motor adoption
"Adaptive headlights are made specifically to provide optimal visibility on curved roads and over hills in low-light conditions by turning the headlight beam depending on the steering input. Since automotive motors are crucial for the optimal performance of adaptive headlights, their adoption is likely to witness an increasesays Siddharth.
The global automotive adaptive front lighting market accounted for 58.90 million units in 2015. During the 2017-2018 period, over 85% of the vehicles are likely to be equipped with adaptive headlights. Thus, the rise in adoption of adaptive headlights is expected to drive the demand for automotive motors.
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
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