Automotive Drive Motor Market (2023-2029) Size, Trends, Sales Volume And Revenue Forecast X Herald menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
/PRNewswire/ The "Electric Drive and Power Domain Industry Report, 2022" report has been added to ResearchAndMarkets.com s offering. Efficient integration.
On January 26, 2022, German racing equipment manufacturer Race Result AG brought a claim of patent infringement against St. Louis-based competitor Innovative Timing Systems, LLC.
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The global automotive traction motor market is projected to grow at a CAGR of 33.7% from USD 4.1 billion in 2021 to USD 17.3 billion by 2026. Factors such as supporting government policies launch of new EV models, and advanced motor designs will drive the automotive traction motor market.
The electric vehicle industry has rapidly evolved with ongoing developments in design, features, engineering, and electric motor technologies. With the increasing stringency of government mandates regarding emissions caused by vehicles, the automotive industry is focusing on efficiency, emission-free propulsion, and innovative technologies. The high predicted growth of electric vehicles due to government mandates and global presence of major OEMs and Tier I suppliers is expected to drive the market.