The worldwide revenue for electric motors in automotive applications is expected to increase to over US$30 billion in 2019, up from US$26 billion in 2014, according to IHS Markit Technology. Likewise, technological innovations in the automotive industry have created momentum to drive the growth of the electric motor market, especially DC brushless motors, which is predicted to outperform market growth for all other motor types by double.
The IHS Markit Technology report, Electric Motors in Automotive A
The worldwide revenue for electric motors in automotive applications is expected to increase to over US$30 billion in 2019, up from US$26 billion in 2014, according to IHS Markit Technology. Likewise, technological innovations in the automotive industry have created momentum to drive the growth of the electric motor market, especially DC brushless motors, which is predicted to outperform market growth for all other motor types by double.
The IHS Markit Technology report, Electric Motors in Automotive Applications, provides industry players with comprehensive and reliable data and analysis on electric motors for automotive applications.
In 2014, approximately 69.2 per cent of electric motors in automotive applications were DC brushed and 13.8 per cent were DC brushless. Technological innovations in the automotive industry have created momentum to drive the growth of the electric motor market, especially DC brushless motors which are predicted to outperform market growth for all other motor types by double.
The Asia Pacific region is forecast to be the fastest-growing region for electric motors used in automotive applications. The market is spearheaded by growth in India and China. Powertrain and chassis generated the highest revenue and were accounted for 53 per cent of market revenues in 2014
Market demand for adaptive headlights and door mirrors is increasing rapidly and presents a positive growth opportunity for motor manufacturers supplying motors for those applications.
The report provides a detailed analysis and further breakdown in geographic region and power rating for each motor type. It addresses key issues such as the size of the market in 2014 and gives a growth forecast for world and regional markets from 2015 to 2017. It also looks at the leading suppliers of electric motors in automotive applications and their market shares in 2014.
The IHS Markit Technology report, Electric Motors in Automotive Applications, provides industry players with comprehensive and reliable data and analysis on electric motors for automotive applications.
In 2014, approximately 69.2 per cent of electric motors in automotive applications were DC brushed and 13.8 per cent were DC brushless. Technological innovations in the automotive industry have created momentum to drive the growth of the electric motor market, especially DC brushless motors which are predicted to outperform market growth for all other motor types by double.
The Asia Pacific region is forecast to be the fastest-growing region for electric motors used in automotive applications. The market is spearheaded by growth in India and China. Powertrain and chassis generated the highest revenue and were accounted for 53 per cent of market revenues in 2014
Market demand for adaptive headlights and door mirrors is increasing rapidly and presents a positive growth opportunity for motor manufacturers supplying motors for those applications.
The report provides a detailed analysis and further breakdown in geographic region and power rating for each motor type. It addresses key issues such as the size of the market in 2014 and gives a growth forecast for world and regional markets from 2015 to 2017. It also looks at the leading suppliers of electric motors in automotive applications and their market shares in 2014.
