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Automotive In-wheel Motors Market to Expand at a CAGR of 37.7% During 2019 - 2027

 Automotive in-wheel motors have been noted in recent years by a number of different factors. According to a study of Future Market Insights (FMI),  the automotive in-wheel motors sales will exceed 720 thousand units in 2019 . Affordability of in-wheel drive in terms of power consumption relative to the traditionally employed central drive unit system will continue to uphold its preference by automakers in the near future.

Elimination of unnecessary components is one of the primary adoption determinants of automotive in-wheel motors, as they significantly reduce the weight of battery-electric vehicles (BEVs), while crawling up on vehicle electrification and lightweighting trends. BEV accounted for over 7 in 10 automotive in-wheel motors sold worldwide in 2017, according to the study. A key trend influencing BEV-specific in-wheel motor is miniaturization and integration of inverter, which features a compact design.

Automotive in-wheel motors are likely to remain touted as a sustainable alternative to propulsion systems used in powertrains. With promising future prospects of BEVs, and the palpability of optimized hydrogen fuel cell technologies, we are looking forward to the next few years.

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Passenger Cars Hold Supremacy in Automotive In-Wheel Motors

The study says that they will continue to reign in the automotive market,  with approximately 637 thousand units expected to be sold in 2019 . Key offersings with affordability, such as powertransmission, and the concept of powertrain. Passenger cars integrated with in-wheel motors enable enhanced traction control, along with torque vectoring functions of added bill-of-materials.

The  automotive in-wheel motors market  grows in tandem with a significant increase in fuel consumption. These effects are insignificant, despite their indirect impacts during electricity generation and storage.

Automotive In-Wheel Motors Market: Key Players Introducing New Solutions to Clasp Greater Share

Key players in the automotive in-wheel motors market have come up with novel solutions to offset latent challenges faced in terms of deployment, operation, and functionality. Companies such as Protean Electric have claimed to be of greater importance in the field of motor vehicle interlocking, such as road shocks, and additional mass.

Protean's new automotive in-wheel motors make highly energy-efficient drivetrains, while increasing the fuel economy over 30%. On the other hand Nissan has developed automotive in-wheel motors for the working prototype of the company's futuristic concept car. Companies such as Ziehl-Abegg have introduced automotive in-wheel motors that enable application in fuel-cell, battery-operated, and hybrid commercial electric vehicles.

Permeation of electrification trend in the automotive space shows no signs of abating, with prospects revolving around motor and charging technologies that are becoming more multipurpose and sophisticated. Robust uptake in electric vehicles, and performance, noise, and efficiency are deemed key imperatives. Higher levels of auto parts integration, and sturdy, compact packaging of powertrain components are some of the imminent developments in the automotive in-wheel motors market.

The benefits of automotive in-wheel motors continue to outweigh challenges faced in their deployment and functionalities, along with efforts towards offsetting the latter, industry leaders have focused their focus on R & D activities. These researches are primary aims at design developments to impart mechanical, electrical, and thermal stress resistance to the automotive in-wheel motors during their operation.

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This FMI study also offers the automotive market for the period between 2018 and 2027. The automotive in-wheel motors market will record a staggering CAGR of over 35% through 2027.

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