Automotive Hybrid System Market 2018 by Type (Start-Stop, Regenerative Braking, EV Drive), Component (Battery, DC/DC Converter, DC/AC Inverter, eMotor), Battery Type (Li-Ion, Lead Acid), Electric Vehicle Type (Mild Hybrid, HEV, PHEV, EV).

Automotive Hybrid System Market Key Companies Analyzed For This Research Are:

The key players in aerospace flight control system market are Aisin Seiki Co., Ltd. (Japan), American Axle & Manufacturing, Inc. (U.S.), GKN plc. (U.S.), Magna International Inc. (Canada), BorgWarner Inc. (U.S.), Dana Holding Corporation (U.S.), JTEKT Corporation (Japan), TM4 (Canada), Magtec (U.K), Delphi Automotive LLP (U.K), Visedo (Finland), Parker Hannifin Corp (U.S.), Punch Powertrain Nv (Belgium), AVTEC LTD (India),  AxleTech International SAS (U.S.).

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Automotive Hybrid System Market Highlights:

The automotive manufacturers have started moving towards mid hybrid vehicles because the cost of manufacturing conventional vehicle is higher as compared to mid hybrid vehicle. The hybrid system in automotive constitutes various electric generated systems such as Start-Stop, Regenerative Braking, EV Drive, Others. This system enables the vehicle to reduce the emission which in turn saves the environment from its ill effects. Various components such as Battery, DC/DC Converter, DC/AC Inverter, and eMotor are integrated in the vehicle to increase the efficiency of the vehicle.

Furthermore, the government of various countries have taken initiatives to increase the sales of electric vehicles. In countries such as India, Singapore, Indonesia, Brazil, and MEA regions, the government has planned to invest more and welcome several electric vehicles manufacturers to set up manufacturing plants. Companies such as Tesla Motors, Hyundai, Mahindra & Mahindra, Tata Motors and others are leading the race to roll out electric vehicles soon. Apparently, other developing countries have also taken similar initiatives to boost the production of electric vehicles. This will enable an increase in demand for the hybrid system in the vehicle. Moreover, electric vehicles are eco-friendly and have several benefits to environment. Also, the electric car owner doesn’t need any government license and other certification to run the vehicles. The market is expected to reach USD 256 billion by 2023 at a CAGR of 5.98% during the forecast period.

The factors responsible for the growth of hybrid system in automotive market are, stringent regulation for emission, increasing sales of electric driven vehicle, and increasing fuel prices is estimated to boost the market demand. The surge in the demand for electric vehicle will result in the increased use of hybrid systems in the vehicles, which will drive the market in future. According to Automobile Association of America (AAA), lower gas prices have not inhibited enthusiasm for electric cars. As per the market research, the demand for electric car is likely to increase in the forecast period.

More than 30 million Americans are likely to buy electric car as their next vehicle. This trend is majorly influenced by compliance and the commitment of general masses towards environmental concerns and carbon reduction. Heading towards APAC region, China has named itself as the leading market for electric vehicles. Over the past decade, it has been experienced that the prices of crude oil per barrel is increasing very rapidly and also the availability the crude oil is decreasing day by day. Due to these factors, the mind-set of a large pool of population is shifting their preference towards electric vehicles. In the last 3 to 4 years, the demand for electric vehicles in the United States is rapidly increasing and seen around 70% of year-over-year growth in the sales. This increase in the fuel prices will result in the growing demand for hybrid system in electric vehicle which will drive the market during forecast period.

Major Table of Content:

1 Executive Summary

2 Research Methodology

2.1 Scope Of The Study

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Market Size Estimation

2.4 Forecast Model

3 Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis

Continued…

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