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    Electric Vehicle Powertrain Market

    ID: 6804
    185 Pages
    Research Team
    07/2025

    Electric Vehicle Powertrain Market Research Report Information By Component (Battery, E-Motor, Power Electronics, Thermal Management Modules and Others), By Propulsion (Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV) and Plug-in Hybrid Electric Vehicles (PHEV)), By Vehicle Type (Passenger Car and Commercial Vehicle), And By Region – Global Industry Size, Share, Growth, Trends and ...

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    Market Summary

    Research Methodology on Electric Vehicle Powertrain Market


    INTRODUCTION


    The market research report on the Electric Vehicle Powertrain Market provides an in-depth analysis of the development in the industry and recent trends in the market. The report covers a comprehensive overview of the market, its size and attractiveness, along with an overview of the key drivers and restraints that are impacting the market dynamics. It also offers an insight into the industry’s competitive landscape and provides an analysis of the competitive environment.


    This research report also offers a detailed overview of the recent developments and trends in the Electric Vehicle Powertrain industry. The report provides an in-depth analysis of the technology, its applications, and recent advances in the industry. In addition, the report covers the current status of the industry, and the key drivers and restraints for the industry in terms of market size, competitive landscape, and growth.


    RESEARCH METHODOLOGY


    The research methodology used in the preparation of this report is a comprehensive market research approach. The research methodology used in this study is based on primary and secondary data collection and analysis. For the primary data collection, interviews are conducted with key industry stakeholders, including industry experts, market players, analysts, and customers. Secondary data are sourced from industry magazines, reports, scholarly articles, surveys, industry associations, and government sources.


    Primary Research


    For primary research, interviews are conducted with key industry stakeholders, such as industry experts, market players, analysts, and customers. The information gathered from these interviews is used to gain insight into the Electric Vehicle Powertrain Market.


    Secondary Research


    Secondary research is conducted using industry magazines, reports, scholarly articles, and surveys. The secondary data gathered from these sources provides an overview of the industry, its structure, and its competitive landscape. Furthermore, the secondary data also provided an understanding of the various market drivers and restraints that are impacting the growth of the Electric Vehicle Powertrain Market.


    Data Analysis


    The primary and secondary data are analyzed and compared to gain a thorough understanding of the Electric Vehicle Powertrain Market. The key data points analyzed and compared include market size, market segmentation, competitive landscape, market drivers and restraints, and the regulatory environment. The data analysis also provides an understanding of the industry structure and its sources of growth.


    Market Modelling


    A market model is created to analyze the market size, market segmentation, and competitive landscape of the Electric Vehicle Powertrain Market. The market model is used to estimate the market size of the Electric Vehicle Powertrain Market. In addition, the model also provides an understanding of the market segmentation, competitive landscape, and regulatory environment of the industry.


    CONCLUSION


    The research conducted in the preparation of this report provides a thorough understanding of the Electric Vehicle Powertrain Market. The primary and secondary data collected are analyzed and compared to gain a comprehensive understanding of the market. The data analysis provides an understanding of the industry’s structure and its sources of growth. It also provides an understanding of the various market drivers and restraints that are impacting the growth of the market. Finally, a market model is created to analyze the market size, market segmentation, and competitive landscape of the Electric Vehicle Powertrain Market.

    Market Size & Forecast

    Report Attribute/Metric Details
    Market Size 2021 USD 88.25 billion
    Market Size 2022 USD 118.87 billion
    Market Size 2030 USD 956.44 billion
    Compound Annual Growth Rate (CAGR) 34.70% (2024-2030)
    Base Year 2023
    Market Forecast Period 2024-2030
    Historical Data 2018 & 2022
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Component, Propulsion, Vehicle Type and Region
    Geographies Covered North America, Europe, Asia Pacific, and Rest of the World
    Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled ZF Friedrichshafen AG (Germany), EPT Co. Inc. (South Korea), WEG (Brazil), Bonfiglioli Riduttori S.P.A (Italy), IET S.p.A. (Italy), Automation Tooling Systems Inc. (Canada), GKN PLC (UK), NXP Semiconductors (the Netherlands), Robert Bosch GmbH (Germany), BorgWarner Inc. (US), Continental AG (Germany), AVL List GmbH (Austria), Mitsubishi Electric Corp (Japan), Magna International Inc. (Canada) and Dana Incorporated (US).
    Key Market Opportunities Increasing use of simulation technology in powertrain systems
    Key Market Dynamics Strict emission standards Need for energy-efficient EV drivetrain systems is rising

    Major Players

    Electric Vehicle Powertrain Market Segmentation

    Electric Vehicle Powertrain Component Outlook (USD Billion, 2018-2030)

    • Battery

    • E-Motor

    • Power Electronics

    • Thermal Management Modules

    • Others

    Electric Vehicle Powertrain Propulsion Outlook (USD Billion, 2018-2030)

    • Battery Electric Vehicle (BEV)

    • Hybrid Electric Vehicle (HEV)

    • Plug-in Hybrid Electric Vehicles (PHEV)

    Electric Vehicle Powertrain Vehicle Type Outlook (USD Billion, 2018-2030)

    • Passenger Car

    • Commercial Vehicle

    Electric Vehicle Powertrain Regional Outlook (USD Billion, 2018-2030)

    • North America Outlook (USD Billion, 2018-2030)

      • North America Electric Vehicle Powertrain by Component

        • Battery

        • E-Motor

        • Power Electronics

        • Thermal Management Modules

        • Others

      • North America Electric Vehicle Powertrain by Propulsion

        • Battery Electric Vehicle (BEV)

        • Hybrid Electric Vehicle (HEV)

        • Plug-in Hybrid Electric Vehicles (PHEV)

      • North America Electric Vehicle Powertrain by Vehicle Type

        • Passenger Car

        • Commercial Vehicle

      • US Outlook (USD Billion, 2018-2030)

      • US Electric Vehicle Powertrain by Component

        • Battery

        • E-Motor

        • Power Electronics

        • Thermal Management Modules

        • Others

      • US Electric Vehicle Powertrain by Propulsion

        • Battery Electric Vehicle (BEV)

        • Hybrid Electric Vehicle (HEV)

        • Plug-in Hybrid Electric Vehicles (PHEV)

      • US Electric Vehicle Powertrain by Vehicle Type

        • Passenger Car

        • Commercial Vehicle

      • Canada Outlook (USD Billion, 2018-2030)

      • Canada Electric Vehicle Powertrain by Component

        • Battery

        • E-Motor

        • Power Electronics

        • Thermal Management Modules

        • Others

      • Canada Electric Vehicle Powertrain by Propulsion

        • Battery Electric Vehicle (BEV)

        • Hybrid Electric Vehicle (HEV)

        • Plug-in Hybrid Electric Vehicles (PHEV)

      • Canada Electric Vehicle Powertrain by Vehicle Type

        • Passenger Car

        • Commercial Vehicle

    • Europe Outlook (USD Billion, 2018-2030)

      • Europe Electric Vehicle Powertrain by Component

        • Battery

        • E-Motor

        • Power Electronics

        • Thermal Management Modules

        • Others

      • Europe Electric Vehicle Powertrain by Propulsion

        • Battery Electric Vehicle (BEV)

        • Hybrid Electric Vehicle (HEV)

        • Plug-in Hybrid Electric Vehicles (PHEV)

      • Europe Electric Vehicle Powertrain by Vehicle Type

        • Passenger Car

        • Commercial Vehicle

      • Germany Outlook (USD Billion, 2018-2030)

      • Germany Electric Vehicle Powertrain by Component

        • Battery

        • E-Motor

        • Power Electronics

        • Thermal Management Modules

        • Others

      • Germany Electric Vehicle Powertrain by Propulsion

        • Battery Electric Vehicle (BEV)

        • Hybrid Electric Vehicle (HEV)

        • Plug-in Hybrid Electric Vehicles (PHEV)

      • Germany Electric Vehicle Powertrain by Vehicle Type

        • Passenger Car

        • Commercial Vehicle

      • France Outlook (USD Billion, 2018-2030)

      • France Electric Vehicle Powertrain by Component

        • Battery

        • E-Motor

        • Power Electronics

        • Thermal Management Modules

        • Others

      • France Electric Vehicle Powertrain by Propulsion

        • Battery Electric Vehicle (BEV)

        • Hybrid Electric Vehicle (HEV)

        • Plug-in Hybrid Electric Vehicles (PHEV)

      • France Electric Vehicle Powertrain by Vehicle Type

        • Passenger Car

        • Commercial Vehicle

      • UK Outlook (USD Billion, 2018-2030)

      • UK Electric Vehicle Powertrain by Component

        • Battery

        • E-Motor

        • Power Electronics

        • Thermal Management Modules

        • Others

      • UK Electric Vehicle Powertrain by Propulsion

        • Battery Electric Vehicle (BEV)

        • Hybrid Electric Vehicle (HEV)

        • Plug-in Hybrid Electric Vehicles (PHEV)

      • UK Electric Vehicle Powertrain by Vehicle Type

        • Passenger Car

        • Commercial Vehicle

      • Italy Outlook (USD Billion, 2018-2030)

      • Italy Electric Vehicle Powertrain by Component

        • Battery

        • E-Motor

        • Power Electronics

        • Thermal Management Modules

        • Others

      • Italy Electric Vehicle Powertrain by Propulsion

        • Battery Electric Vehicle (BEV)

        • Hybrid Electric Vehicle (HEV)

        • Plug-in Hybrid Electric Vehicles (PHEV)

      • Italy Electric Vehicle Powertrain by Vehicle Type

        • Passenger Car

        • Commercial Vehicle

      • Spain Outlook (USD Billion, 2018-2030)

      • Spain Electric Vehicle Powertrain by Component

        • Battery

        • E-Motor

        • Power Electronics

        • Thermal Management Modules

        • Others

      • Spain Electric Vehicle Powertrain by Propulsion

        • Battery Electric Vehicle (BEV)

        • Hybrid Electric Vehicle (HEV)

        • Plug-in Hybrid Electric Vehicles (PHEV)

      • Spain Electric Vehicle Powertrain by Vehicle Type

        • Passenger Car

        • Commercial Vehicle

      • Rest Of Europe Outlook (USD Billion, 2018-2030)

      • Rest Of Europe Electric Vehicle Powertrain by Component

        • Battery

        • E-Motor

        • Power Electronics

        • Thermal Management Modules

        • Others

      • Rest Of Europe Electric Vehicle Powertrain by Propulsion

        • Battery Electric Vehicle (BEV)

        • Hybrid Electric Vehicle (HEV)

        • Plug-in Hybrid Electric Vehicles (PHEV)

      • Rest Of Europe Electric Vehicle Powertrain by Vehicle Type

        • Passenger Car

        • Commercial Vehicle

    • Asia-Pacific Outlook (USD Billion, 2018-2030)

      • Asia-Pacific Electric Vehicle Powertrain by Component

        • Battery

        • E-Motor

        • Power Electronics

        • Thermal Management Modules

        • Others

      • Asia-Pacific Electric Vehicle Powertrain by Propulsion

        • Battery Electric Vehicle (BEV)

        • Hybrid Electric Vehicle (HEV)

        • Plug-in Hybrid Electric Vehicles (PHEV)

      • Asia-Pacific Electric Vehicle Powertrain by Vehicle Type

        • Passenger Car

        • Commercial Vehicle

      • China Outlook (USD Billion, 2018-2030)

      • China Electric Vehicle Powertrain by Component

        • Battery

        • E-Motor

        • Power Electronics

        • Thermal Management Modules

        • Others

      • China Electric Vehicle Powertrain by Propulsion

        • Battery Electric Vehicle (BEV)

        • Hybrid Electric Vehicle (HEV)

        • Plug-in Hybrid Electric Vehicles (PHEV)

      • China Electric Vehicle Powertrain by Vehicle Type

        • Passenger Car

        • Commercial Vehicle

      • Japan Outlook (USD Billion, 2018-2030)

      • Japan Electric Vehicle Powertrain by Component

        • Battery

        • E-Motor

        • Power Electronics

        • Thermal Management Modules

        • Others

      • Japan Electric Vehicle Powertrain by Propulsion

        • Battery Electric Vehicle (BEV)

        • Hybrid Electric Vehicle (HEV)

        • Plug-in Hybrid Electric Vehicles (PHEV)

      • Japan Electric Vehicle Powertrain by Vehicle Type

        • Passenger Car

        • Commercial Vehicle

      • India Outlook (USD Billion, 2018-2030)

      • India Electric Vehicle Powertrain by Component

        • Battery

        • E-Motor

        • Power Electronics

        • Thermal Management Modules

        • Others

      • India Electric Vehicle Powertrain by Propulsion

        • Battery Electric Vehicle (BEV)

        • Hybrid Electric Vehicle (HEV)

        • Plug-in Hybrid Electric Vehicles (PHEV)

      • India Electric Vehicle Powertrain by Vehicle Type

        • Passenger Car

        • Commercial Vehicle

      • Australia Outlook (USD Billion, 2018-2030)

      • Australia Electric Vehicle Powertrain by Component

        • Battery

        • E-Motor

        • Power Electronics

        • Thermal Management Modules

        • Others

      • Australia Electric Vehicle Powertrain by Propulsion

        • Battery Electric Vehicle (BEV)

        • Hybrid Electric Vehicle (HEV)

        • Plug-in Hybrid Electric Vehicles (PHEV)

      • Australia Electric Vehicle Powertrain by Vehicle Type

        • Passenger Car

        • Commercial Vehicle

      • Rest of Asia-Pacific Outlook (USD Billion, 2018-2030)

      • Rest of Asia-Pacific Electric Vehicle Powertrain by Component

        • Battery

        • E-Motor

        • Power Electronics

        • Thermal Management Modules

        • Others

      • Rest of Asia-Pacific Electric Vehicle Powertrain by Propulsion

        • Battery Electric Vehicle (BEV)

        • Hybrid Electric Vehicle (HEV)

        • Plug-in Hybrid Electric Vehicles (PHEV)

      • Rest of Asia-Pacific Electric Vehicle Powertrain by Vehicle Type

        • Passenger Car

        • Commercial Vehicle

    • Rest of the World Outlook (USD Billion, 2018-2030)

      • Rest of the World Electric Vehicle Powertrain by Component

        • Battery

        • E-Motor

        • Power Electronics

        • Thermal Management Modules

        • Others

      • Rest of the World Electric Vehicle Powertrain by Propulsion

        • Battery Electric Vehicle (BEV)

        • Hybrid Electric Vehicle (HEV)

        • Plug-in Hybrid Electric Vehicles (PHEV)

      • Rest of the World Electric Vehicle Powertrain by Vehicle Type

        • Passenger Car

        • Commercial Vehicle

      • Middle East Outlook (USD Billion, 2018-2030)

      • Middle East Electric Vehicle Powertrain by Component

        • Battery

        • E-Motor

        • Power Electronics

        • Thermal Management Modules

        • Others

      • Middle East Electric Vehicle Powertrain by Propulsion

        • Battery Electric Vehicle (BEV)

        • Hybrid Electric Vehicle (HEV)

        • Plug-in Hybrid Electric Vehicles (PHEV)

      • Middle East Electric Vehicle Powertrain by Vehicle Type

        • Passenger Car

        • Commercial Vehicle

      • Africa Outlook (USD Billion, 2018-2030)

      • Africa Electric Vehicle Powertrain by Component

        • Battery

        • E-Motor

        • Power Electronics

        • Thermal Management Modules

        • Others

      • Africa Electric Vehicle Powertrain by Propulsion

        • Battery Electric Vehicle (BEV)

        • Hybrid Electric Vehicle (HEV)

        • Plug-in Hybrid Electric Vehicles (PHEV)

      • Africa Electric Vehicle Powertrain by Vehicle Type

        • Passenger Car

        • Commercial Vehicle

      • Latin America Outlook (USD Billion, 2018-2030)

      • Latin America Electric Vehicle Powertrain by Component

        • Battery

        • E-Motor

        • Power Electronics

        • Thermal Management Modules

        • Others

      • Latin America Electric Vehicle Powertrain by Propulsion

        • Battery Electric Vehicle (BEV)

        • Hybrid Electric Vehicle (HEV)

        • Plug-in Hybrid Electric Vehicles (PHEV)

      • Latin America Electric Vehicle Powertrain by Vehicle Type

        • Passenger Car

        • Commercial Vehicle

    Market Trends

    Global Electric Vehicle Powertrain Market Overview:

    Electric Vehicle Powertrain Market Size was valued at USD 88.25 billion in 2021. The Global Electric Vehicle Powertrain market industry is projected to grow from USD 118.87 Billion in 2022 to USD 956.44 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 34.70% during the forecast period (2024–2030). Key market drivers that fuel demand for the electric vehicle powertrain market include the expansion in trend of smaller engines, rising sales of electric vehicles, and stricter vehicle pollution norms & laws.

    Electric Vehicle Powertrain Market

    Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

    Electric Vehicle Powertrain Market Trends

    Government enforces strict vehicle emission regulations, which will boost market growth

    The environment and human health are being negatively impacted by rising levels of carbon and particulate matter emissions from automobiles, which has resulted in a serious deterioration of the air quality. As a result, governments all over the world have mandated strict emission standards for car makers. As a result, manufacturers have been forced to invest more i...

    Market Segment Insights

    Smartphone Sensors Smartphone Type Insights

    The Smartphone Sensors market segmentation, based on smartphone type, includes standard smartphone, rugged smartphone, smartwatches, and other wearable. The standard smartphone segment dominated the market, accounting for the maximum market revenue. A smartphone is a mobile phone with a built-in computer and advanced features, such as web browsing and operating system, which are not associated with its counterpart. The rising mobile internet use, rising disposable income in developing countries, and high ownership of premium design smartphones are a few factors that are anticipated to grow smartphone sales. Smartphones are helped by a mobile operating system that offers advanced computing facilities. A smartphone can also work as a digital media player for uploading photos, videos, and music through a single interface.

    Smartphone Sensors Market, By Device Type Outlook, 2024 & 2035
    Get detailed insights about Electric Vehicle Powertrain Market

    Smartphone Sensors Manufacturer Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Application Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Regional Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Market, By Device Type Outlook, 2024 & 2035
    Get detailed insights about Smartphone Sensors Market

    Smartphone Sensors Price Insights

    The Smartphone Sensors market segmentation, based on price, includes USD 300 to USD 500, USD 100 to USD 300, above USD 500, and under USD 100. The USD 300 to USD 500 segment dominated the market revenue in the projected period. Most smartphones sold in medium-end devices have a sensor within this range. For instance: Nubia launched a new flagship Android device powered by the latest Snapdragon 8Gen 2CPU. The OEM has also specified that this gadget, which peculiarly seems to go by the name Z50 even though its processor was the z40 Pro, will compete with the Xiaomi 13 and iQOO11 series with cutting-edge LPDDR5X RAM and storage with the most recent UFS 4.0 spec.

    Get more detailed insights about Electric Vehicle Powertrain Market

    Key Players and Competitive Insights

    Leading market players are investing heavily in research and development to expand their product lines, which will help the Smartphone Sensors market, grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and growing market climate, the Smartphone Sensors industry must offer cost-effective items.

    Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Smartphone Sensors industry to benefit clients and increase the market sector. In recent years, the Smartphone Sensors industry has offered manufacturers some of the most significant advantages. Major players in the Smartphone Sensors market, including MS AG (Austria), Broadcom Inc. (US), DYNA IMAGE Corporation (China), Murata Electronics Oy (Finland), NEXT Biometrics Group ASA (Norway), Omron Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea), Sony Corporation (Japan)., and others, are attempting to increase market demand by investing in research and development operations.

    Samsung is dedicated to abiding by local laws and regulations and enforcing a strict code of conduct for all employees. Samsung adheres to a straightforward business tent: to usage its technology and expertise to develop top-notch goods and services that make a more cultured world. Samsung provides a high importance on its people and technologies to do this. For Instance: In January 2023, Samsung Electronics launched its new MICRO LED, Neo QLED, and Samsung OLED product lines, along with lifestyle products and accessories, before CES® 2023.

    Apple Inc. is a multinational American technology business with its main office in Cupertino, California. According to revenue, Apple will be the top technological business in the world in 2022, with US $ 394.3 billion in sales. According to market capitalization, Apple is the largest corporation in the world as of March 2023. For Instance: In September 2022, the iPhone 14 and iPhone 14 Plus, which come in two sizes, 6.1 and 6.7 inches and include a smart design, camera upgrades, and game-changing new safety measures, were introduced by Apple. The iPhone 14 and iPhone 14 Plus have a powerful camera system that incorporates the primary and front TrueDepth cameras, the Ultra Wide camera for uncommon perspectives, and the photonic engine, an enhanced picture pipeline.

    Key Companies in the Smartphone Sensors market include

    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)

    Industry Developments

    • September 2022: Comcast and Samsung Electronics announced their partnership to create 5G Radio Access Network (RAN) technologies to enhance 5G connection for Xfinity Mobile and Comcast Business Mobile users in Comcast service zones. Samsung will provide 5G RAN technology, and Comcast will deploy Citizens Broadband Radio Service (CBRS) and 600 MHz spectrum to provide 5G access to consumer and business users in the US.
    • October 2022: Huawei announced the release of the newest antenna solutions, including the Maxwell platform and the X2 antenna series, for the subsequent 5G antenna innovation stage. The new technologies speed up 5G deployment by improving antenna and setup capabilities.

    Market Segmentation

    Smartphone Type Outlook

    • Standard Smartphone
    • Rugged Smartphone
    • Smartwatches
    • Other Wearable

    Price Outlook

    • USD 300 to USD 500
    • USD 100 to USD 300
    • Above USD 500
    • Under USD 100

    Manufacturer Outlook

    • Apple Inc.
    • Samsung Electronics
    • Huawei Technology
    • Xiaomi Inc.
    • Oppo
    • Sony Corporation
    • HMD Global

    Application Outlook

    • High-Level
    • Mid-Level
    • Low-Level

    Manufacturer Outlook

    North America
    • US
    • Canada
    Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
    Asia-Pacific
    • China
    • Japan
    • India
    • Italy
    • Australia
    • South Korea
    • Rest of Asia-Pacific
    Rest of the World
    • Middle East
    • Africa
    • Latin America

    Report Scope

    Report Attribute/Metric Details
    Market Size 2021 USD 88.25 billion
    Market Size 2022 USD 118.87 billion
    Market Size 2030 USD 956.44 billion
    Compound Annual Growth Rate (CAGR) 34.70% (2024-2030)
    Base Year 2023
    Market Forecast Period 2024-2030
    Historical Data 2018 & 2022
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Component, Propulsion, Vehicle Type and Region
    Geographies Covered North America, Europe, Asia Pacific, and Rest of the World
    Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled ZF Friedrichshafen AG (Germany), EPT Co. Inc. (South Korea), WEG (Brazil), Bonfiglioli Riduttori S.P.A (Italy), IET S.p.A. (Italy), Automation Tooling Systems Inc. (Canada), GKN PLC (UK), NXP Semiconductors (the Netherlands), Robert Bosch GmbH (Germany), BorgWarner Inc. (US), Continental AG (Germany), AVL List GmbH (Austria), Mitsubishi Electric Corp (Japan), Magna International Inc. (Canada) and Dana Incorporated (US).
    Key Market Opportunities Increasing use of simulation technology in powertrain systems
    Key Market Dynamics Strict emission standards Need for energy-efficient EV drivetrain systems is rising

    Market Highlights

    Author

    Aarti Dhapte
    Team Lead - Research

    She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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    This is a great article! Really helped me understand the topic better.

    Posted on July 23, 2025, 10:15 AM
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    Thanks for sharing this. I’ve bookmarked it for later reference.

    Posted on July 22, 2025, 7:45 PM
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    FAQs

    What are the factors expected to be inspiring electric vehicle powertrain market growth?

    The upswing in production and sales of electric cars is estimated to be a critical determining factor for success in the market.

    What is the estimated CAGR rise in the electric vehicle powertrain market through the forecast period?

    A 16% CAGR is estimated to induce favourable momentum in the global market.

    Who are the players improving the electric vehicle powertrain market’s progress in the coming period?

    BorgWarner Inc. (US), Continental AG (Germany), Robert Bosch GmbH (Germany), AVL List GmbH (Austria) are the distinguished contributors to the market’s success.

    Which region is estimated to add to the expansion of the electric vehicle powertrain market in a greater way?

    The regional market in the Asia Pacific is estimated to hold greater sway in the market’s progress.

    What income can be estimated from the electric vehicle powertrain market?

    An income figure reaching USD 120 billion by 2025 is forecasted for the global market.

    Electric Vehicle Powertrain Market Segmentation

    Electric Vehicle Powertrain Component Outlook (USD Billion, 2018-2030)

    • Battery
    • E-Motor
    • Power Electronics
    • Thermal Management Modules
    • Others

    Electric Vehicle Powertrain Propulsion Outlook (USD Billion, 2018-2030)

    • Battery Electric Vehicle (BEV)
    • Hybrid Electric Vehicle (HEV)
    • Plug-in Hybrid Electric Vehicles (PHEV)

    Electric Vehicle Powertrain Vehicle Type Outlook (USD Billion, 2018-2030)

    • Passenger Car
    • Commercial Vehicle

    Electric Vehicle Powertrain Regional Outlook (USD Billion, 2018-2030)

    • North America Outlook (USD Billion, 2018-2030)

      • North America Electric Vehicle Powertrain by Component
        • Battery
        • E-Motor
        • Power Electronics
        • Thermal Management Modules
        • Others
      • North America Electric Vehicle Powertrain by Propulsion
        • Battery Electric Vehicle (BEV)
        • Hybrid Electric Vehicle (HEV)
        • Plug-in Hybrid Electric Vehicles (PHEV)
      • North America Electric Vehicle Powertrain by Vehicle Type
        • Passenger Car
        • Commercial Vehicle

      • US Outlook (USD Billion, 2018-2030)

      • US Electric Vehicle Powertrain by Component
        • Battery
        • E-Motor
        • Power Electronics
        • Thermal Management Modules
        • Others
      • US Electric Vehicle Powertrain by Propulsion
        • Battery Electric Vehicle (BEV)
        • Hybrid Electric Vehicle (HEV)
        • Plug-in Hybrid Electric Vehicles (PHEV)
      • US Electric Vehicle Powertrain by Vehicle Type
        • Passenger Car
        • Commercial Vehicle

      • Canada Outlook (USD Billion, 2018-2030)

      • Canada Electric Vehicle Powertrain by Component
        • Battery
        • E-Motor
        • Power Electronics
        • Thermal Management Modules
        • Others
      • Canada Electric Vehicle Powertrain by Propulsion
        • Battery Electric Vehicle (BEV)
        • Hybrid Electric Vehicle (HEV)
        • Plug-in Hybrid Electric Vehicles (PHEV)
      • Canada Electric Vehicle Powertrain by Vehicle Type
        • Passenger Car
        • Commercial Vehicle

    • Europe Outlook (USD Billion, 2018-2030)

      • Europe Electric Vehicle Powertrain by Component
        • Battery
        • E-Motor
        • Power Electronics
        • Thermal Management Modules
        • Others
      • Europe Electric Vehicle Powertrain by Propulsion
        • Battery Electric Vehicle (BEV)
        • Hybrid Electric Vehicle (HEV)
        • Plug-in Hybrid Electric Vehicles (PHEV)
      • Europe Electric Vehicle Powertrain by Vehicle Type
        • Passenger Car
        • Commercial Vehicle

      • Germany Outlook (USD Billion, 2018-2030)

      • Germany Electric Vehicle Powertrain by Component
        • Battery
        • E-Motor
        • Power Electronics
        • Thermal Management Modules
        • Others
      • Germany Electric Vehicle Powertrain by Propulsion
        • Battery Electric Vehicle (BEV)
        • Hybrid Electric Vehicle (HEV)
        • Plug-in Hybrid Electric Vehicles (PHEV)
      • Germany Electric Vehicle Powertrain by Vehicle Type
        • Passenger Car
        • Commercial Vehicle

      • France Outlook (USD Billion, 2018-2030)

      • France Electric Vehicle Powertrain by Component
        • Battery
        • E-Motor
        • Power Electronics
        • Thermal Management Modules
        • Others
      • France Electric Vehicle Powertrain by Propulsion
        • Battery Electric Vehicle (BEV)
        • Hybrid Electric Vehicle (HEV)
        • Plug-in Hybrid Electric Vehicles (PHEV)
      • France Electric Vehicle Powertrain by Vehicle Type
        • Passenger Car
        • Commercial Vehicle

      • UK Outlook (USD Billion, 2018-2030)

      • UK Electric Vehicle Powertrain by Component
        • Battery
        • E-Motor
        • Power Electronics
        • Thermal Management Modules
        • Others
      • UK Electric Vehicle Powertrain by Propulsion
        • Battery Electric Vehicle (BEV)
        • Hybrid Electric Vehicle (HEV)
        • Plug-in Hybrid Electric Vehicles (PHEV)
      • UK Electric Vehicle Powertrain by Vehicle Type
        • Passenger Car
        • Commercial Vehicle

      • Italy Outlook (USD Billion, 2018-2030)

      • Italy Electric Vehicle Powertrain by Component
        • Battery
        • E-Motor
        • Power Electronics
        • Thermal Management Modules
        • Others
      • Italy Electric Vehicle Powertrain by Propulsion
        • Battery Electric Vehicle (BEV)
        • Hybrid Electric Vehicle (HEV)
        • Plug-in Hybrid Electric Vehicles (PHEV)
      • Italy Electric Vehicle Powertrain by Vehicle Type
        • Passenger Car
        • Commercial Vehicle

      • Spain Outlook (USD Billion, 2018-2030)

      • Spain Electric Vehicle Powertrain by Component
        • Battery
        • E-Motor
        • Power Electronics
        • Thermal Management Modules
        • Others
      • Spain Electric Vehicle Powertrain by Propulsion
        • Battery Electric Vehicle (BEV)
        • Hybrid Electric Vehicle (HEV)
        • Plug-in Hybrid Electric Vehicles (PHEV)
      • Spain Electric Vehicle Powertrain by Vehicle Type
        • Passenger Car
        • Commercial Vehicle

      • Rest Of Europe Outlook (USD Billion, 2018-2030)

      • Rest Of Europe Electric Vehicle Powertrain by Component
        • Battery
        • E-Motor
        • Power Electronics
        • Thermal Management Modules
        • Others
      • Rest Of Europe Electric Vehicle Powertrain by Propulsion
        • Battery Electric Vehicle (BEV)
        • Hybrid Electric Vehicle (HEV)
        • Plug-in Hybrid Electric Vehicles (PHEV)
      • Rest Of Europe Electric Vehicle Powertrain by Vehicle Type
        • Passenger Car
        • Commercial Vehicle

    • Asia-Pacific Outlook (USD Billion, 2018-2030)

      • Asia-Pacific Electric Vehicle Powertrain by Component
        • Battery
        • E-Motor
        • Power Electronics
        • Thermal Management Modules
        • Others
      • Asia-Pacific Electric Vehicle Powertrain by Propulsion
        • Battery Electric Vehicle (BEV)
        • Hybrid Electric Vehicle (HEV)
        • Plug-in Hybrid Electric Vehicles (PHEV)
      • Asia-Pacific Electric Vehicle Powertrain by Vehicle Type
        • Passenger Car
        • Commercial Vehicle

      • China Outlook (USD Billion, 2018-2030)

      • China Electric Vehicle Powertrain by Component
        • Battery
        • E-Motor
        • Power Electronics
        • Thermal Management Modules
        • Others
      • China Electric Vehicle Powertrain by Propulsion
        • Battery Electric Vehicle (BEV)
        • Hybrid Electric Vehicle (HEV)
        • Plug-in Hybrid Electric Vehicles (PHEV)
      • China Electric Vehicle Powertrain by Vehicle Type
        • Passenger Car
        • Commercial Vehicle

      • Japan Outlook (USD Billion, 2018-2030)

      • Japan Electric Vehicle Powertrain by Component
        • Battery
        • E-Motor
        • Power Electronics
        • Thermal Management Modules
        • Others
      • Japan Electric Vehicle Powertrain by Propulsion
        • Battery Electric Vehicle (BEV)
        • Hybrid Electric Vehicle (HEV)
        • Plug-in Hybrid Electric Vehicles (PHEV)
      • Japan Electric Vehicle Powertrain by Vehicle Type
        • Passenger Car
        • Commercial Vehicle

      • India Outlook (USD Billion, 2018-2030)

      • India Electric Vehicle Powertrain by Component
        • Battery
        • E-Motor
        • Power Electronics
        • Thermal Management Modules
        • Others
      • India Electric Vehicle Powertrain by Propulsion
        • Battery Electric Vehicle (BEV)
        • Hybrid Electric Vehicle (HEV)
        • Plug-in Hybrid Electric Vehicles (PHEV)
      • India Electric Vehicle Powertrain by Vehicle Type
        • Passenger Car
        • Commercial Vehicle

      • Australia Outlook (USD Billion, 2018-2030)

      • Australia Electric Vehicle Powertrain by Component
        • Battery
        • E-Motor
        • Power Electronics
        • Thermal Management Modules
        • Others
      • Australia Electric Vehicle Powertrain by Propulsion
        • Battery Electric Vehicle (BEV)
        • Hybrid Electric Vehicle (HEV)
        • Plug-in Hybrid Electric Vehicles (PHEV)
      • Australia Electric Vehicle Powertrain by Vehicle Type
        • Passenger Car
        • Commercial Vehicle

      • Rest of Asia-Pacific Outlook (USD Billion, 2018-2030)

      • Rest of Asia-Pacific Electric Vehicle Powertrain by Component
        • Battery
        • E-Motor
        • Power Electronics
        • Thermal Management Modules
        • Others
      • Rest of Asia-Pacific Electric Vehicle Powertrain by Propulsion
        • Battery Electric Vehicle (BEV)
        • Hybrid Electric Vehicle (HEV)
        • Plug-in Hybrid Electric Vehicles (PHEV)
      • Rest of Asia-Pacific Electric Vehicle Powertrain by Vehicle Type
        • Passenger Car
        • Commercial Vehicle

    • Rest of the World Outlook (USD Billion, 2018-2030)

      • Rest of the World Electric Vehicle Powertrain by Component
        • Battery
        • E-Motor
        • Power Electronics
        • Thermal Management Modules
        • Others
      • Rest of the World Electric Vehicle Powertrain by Propulsion
        • Battery Electric Vehicle (BEV)
        • Hybrid Electric Vehicle (HEV)
        • Plug-in Hybrid Electric Vehicles (PHEV)
      • Rest of the World Electric Vehicle Powertrain by Vehicle Type
        • Passenger Car
        • Commercial Vehicle

      • Middle East Outlook (USD Billion, 2018-2030)

      • Middle East Electric Vehicle Powertrain by Component
        • Battery
        • E-Motor
        • Power Electronics
        • Thermal Management Modules
        • Others
      • Middle East Electric Vehicle Powertrain by Propulsion
        • Battery Electric Vehicle (BEV)
        • Hybrid Electric Vehicle (HEV)
        • Plug-in Hybrid Electric Vehicles (PHEV)
      • Middle East Electric Vehicle Powertrain by Vehicle Type
        • Passenger Car
        • Commercial Vehicle

      • Africa Outlook (USD Billion, 2018-2030)

      • Africa Electric Vehicle Powertrain by Component
        • Battery
        • E-Motor
        • Power Electronics
        • Thermal Management Modules
        • Others
      • Africa Electric Vehicle Powertrain by Propulsion
        • Battery Electric Vehicle (BEV)
        • Hybrid Electric Vehicle (HEV)
        • Plug-in Hybrid Electric Vehicles (PHEV)
      • Africa Electric Vehicle Powertrain by Vehicle Type
        • Passenger Car
        • Commercial Vehicle

      • Latin America Outlook (USD Billion, 2018-2030)

      • Latin America Electric Vehicle Powertrain by Component
        • Battery
        • E-Motor
        • Power Electronics
        • Thermal Management Modules
        • Others
      • Latin America Electric Vehicle Powertrain by Propulsion
        • Battery Electric Vehicle (BEV)
        • Hybrid Electric Vehicle (HEV)
        • Plug-in Hybrid Electric Vehicles (PHEV)
      • Latin America Electric Vehicle Powertrain by Vehicle Type
        • Passenger Car
        • Commercial Vehicle
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