e-Corner Market Size, Share & Analysis

Report Code AT 9557
Published in Nov, 2024, By MarketsandMarkets™
Download PDF

Choose License Type

Buy Report Now Inquire Before Buying

e-Corner Market by Vehicle type (Passenger Car and Light Commercial Vehicle), Motor Configuration (Tri-motor, Quad-motor), and Region - Global Forecast to 2035

 

Overview

The global e-Corner market is projected to grow from 128 thousand units in 2024 to 3,109 thousand units by 2035 at a CAGR of 33.7%. An e-Corner system is an advanced, modular technology designed to control the motion and dynamics of a vehicle. The e-Corner system is designed as a detachable unit to a specialized vehicle platform via bolted connections and a power connector, facilitating ease of assembly and modular design flexibility. All the functions within an e-Corner system are managed through an integrated electrical control system, which communicates with the vehicle’s central control unit. Depending upon the configuration, a vehicle can utilize either a tri-motor or quad-motor (in-wheel/near-wheel) configuration, enabling enhanced maneuverability, precise motion control, and scalability for applications such as electric, autonomous, and modular vehicles.

e-Corner Market

Attractive Opportunities in the e-Corner Market

ASIA PACIFIC

Market growth in Asia Pacific can be attributed to the growing demand for electric corner modules equipped in luxury vehicles, such as vehicles such as Yangwang U8 & U9 developed on BYD’s e4 platform.

The market growth in North America is attributed to the increasing demand of SUVs and pickup trucks with quad-motor configurations such as GMC Hummer EV, Tesla Cybertruck for off-road capabilities.

Platformization of EVs and advancements in modular designs in EVs and increasing adoption of autonomous vehicle are the growth drivers for the e-Corner market.

The need for Modular designs and independent control of steering, propulsion and braking, and demand for autonomous and flexible mobility drive the market during the forecast period.

Asia Pacific e-Corner market is projected to reach 1,713 thousand units by 2035, registering a CAGR of 40.5% during the forecast period.

Global e-Corner Market Dynamics

Driver: Platformization of Electric Vehicles

Platform-centric designs, such as the skateboard architecture, which combines key vehicle systems like batteries, powertrains, and electronic controls into a flat, modular chassis, are becoming increasingly common in modern EV development. Thanks to this trend, Manufacturers may create various vehicle models from a single platform, making design flexibility and scalability easier. By combining steering, braking, suspension, and driving functions into a single-wheel assembly, e-corner modules perfectly harmonize with this strategy. Automakers may lower complexity, increase production efficiency, and improve vehicle performance with this integration, which supports modular platforms. These e-Corner module are integrated with the vehicles mounted on EV platforms. For instance, BYD’s Yangwang U8 and U9 are mounted on BYD’s e4 platform which is integrated with e-corner system.

Restraint: Infrastructure scalability issues

Infrastructure scalability acts as a critical challenge to the e-corner module market. For e-corner modules to be widely used, infrastructure supporting advanced capabilities like independent wheel control and improved agility is needed. However, characteristics such as crab driving and zero-turn rotations can often be too difficult for the current urban and transportation systems, which were built for conventional vehicles, to handle, requiring major changes to parking lots, road layouts, and maintenance procedures.

Furthermore, to enable e-corner module manufacturers, OEMs, and service networks need to invest heavily in specialized tools, training, and protocols. These high costs and the lack of readiness in many areas may hinder market expansion, especially in areas with limited infrastructure funding.

 

Opportunity: Growth in Autonomous Vehicle market

The increasing emphasis on autonomous vehicles presents a significant growth opportunity for the e-corner module market. E-corner modules, with their ability to enable independent wheel movement, enhance vehicle maneuverability and efficiency, meeting the advanced demands of autonomous driving technologies. These capabilities support innovative driving modes, such as crab driving and zero-turn rotations, which are essential for optimizing urban mobility solutions such as autonomous shuttles. The alignment of e-corner module functionalities with the specific requirements of autonomous vehicles positions this market segment for rapid growth and expansion as e-corner module manufacturers prioritize these systems in their vehicle designs.

Challenge: Regulatory and infrastructure Adaption

Changing laws and municipal infrastructure to support the e-corner module functionalities of cars with e-corner modules is a significant hurdle for the e-corner module market. Movements such as crab driving and zero-turn rotations necessitate revisions to traffic laws, parking guidelines, and road infrastructure to ensure operational safety and efficiency. OEMs must simultaneously restructure their design and manufacturing processes to capitalize on the potential of e-corner module technology fully. As stakeholders deal with these complications, the dual requirement of production transformation and regulatory adaptation can delay broad acceptance.

Global e-Corner Market Ecosystem Analysis

The ecosystem analysis highlights various e-Corner market players, primarily represented by OEMs, Tier 1 suppliers (electric corner module manufacturers), raw material suppliers, and component manufacturers such as EV Motor providers, X-by-Wire technology providers, and Tier II component providers. Some of the major electric corner module manufacturers include Continental AG (Germany), Hyundai Mobis (South Korea), REE (Israel), Protean (UK), and Elaphe LTD (Slovenia).

Top Companies in e-Corner Market
 

By Motor Configuration, the quad-motor segment is projected to account for the largest share of the e-Corner market during the forecast period

The e-Corner with quad-motor configuration offers superior performance, enhanced control, and unmatched versatility compared to tri-motor configuration. With independent torque vectoring for each wheel, they deliver exceptional traction, stability, and adaptability across varied terrains, including off-road and adverse weather conditions. For instance, Tesla Cybertruck with quad-motor configuration delivers power over 746 kW, providing advanced off-road capabilities such as tank turns. This motor configuration provides higher power output, faster acceleration, and increased towing capacity, appealing to consumers seeking high-performance EVs. As manufacturers continue to push the boundaries of vehicle performance, the quad-motor configuration is expected to gain traction, especially in high-performance EVs designed for specialized applications such as robotaxis and high-end luxury EVs such as Yangwang U8.

Passenger Car segment is projected to lead the e-Corner market during the forecast period.

e-Corner is transforming passenger car design by integrating multiple vehicle systems into a single unit at each wheel, offering significant performance, efficiency, and design benefits. Adaptive suspension systems adjust in real-time, optimizing ride comfort and safety in passenger cars. This system improves handling and stability by allowing precise control of wheel dynamics and enhancing traction and cornering response. For instance, Hyundai's e-Corner System, tested on the Ioniq 5 prototype, enables unique maneuvers like crab walking, diagonal driving, zero turns, and pivot turn, enhancing parking, obstacle navigation, and tight-space maneuverability. e-Corner also increases space efficiency by consolidating functions and frees up interior volume for passengers or cargo. Their modular design enables OEMs to develop diverse vehicle lineup quickly, reducing time and costs while adapting to market needs.

Asia Pacific region holds the largest share of the e-Corner market.

Asia Pacific is projected to account for the largest market during the forecast period, with China dominating the region. The major factors driving the growth of the e-Corner market in the region can be attributed to the growing demand for electric corner modules equipped in luxury vehicles, such as vehicles such as Yangwang U8 & U9 developed on BYD’s e4 platform. The Asia Pacific region is leading the adoption of electric corner modules, with countries such as China, South Korea, and Japan playing fundamental roles in this transformative technology. Leading e-Corner manufacturers such as Hyundai Mobis are integrating its e-corner module in existing vehicles such as Hyundai IONIQ 5N, and upcoming vehicles IONIQ 7. Also, Chinese companies are incorporating electric corner modules into electric light commercial vehicles and autonomous delivery systems, enhancing maneuverability in urban environments.

SOUTH KOREA: HIGHEST CAGR MARKET IN 2035
CHINA: LARGEST MARKET IN THE REGION
e-Corner Market Size and Share

Recent Developments of e-Corner Market

  • In August 2024, Protean Electric announced successfully validating its Generation 5 (Gen 5) in-wheel motor (IWM) with a peak torque of 1500 Nm for an 18-inch IWM. The validation involved extensive testing of over 80 IWMs across 64 test programs, ensuring compliance with all relevant legislation and OEM standards.
  • In April 2024, Hyundai Mobis launched its future mobility demonstration vehicle, MOBION, the e-Corner System, and communication lighting technology. MOBION has crab-walking, zero-turn rotation capabilities, and various core electrification technologies, including electric drive motors, inverters, and battery system assemblies.
  • In April 2024, ZF and Foxconn signed a joint venture agreement, with Foxconn acquiring 50% of ZF Chassis Modules GmbH. This partnership strengthened the companies’ cooperation in passenger car chassis systems and enhanced customer access. Though the companies’ focus was on chassis systems, the collaboration supported ZF’s broader strategic goals in future mobility, including electric powertrain technologies.
  • In May 2024, Rivian secured a USD 827 million incentive package from the State of Illinois to expand its Normal, IL manufacturing facility. The funding supports the production of Rivian’s R2, a midsized electric SUV, alongside ongoing manufacturing of the R1S, R1T, and commercial delivery vehicles.

Key Market Players

Want to explore hidden markets that can drive new revenue in e-Corner Market?

Scope of the Report

Report Attribute Details
Market size available for years 2020–2035
Base year considered 2023
Forecast period 2024–2035
Forecast units Volume (Thousand Units)
Segments Covered By Vehicle Type, By Motor Configuration, By Region
Regions covered Asia Pacific, Europe, and North America

 

Key Questions Addressed by the Report

What is the current size of the global e-Corner market?
The current size of the global e-Corner market is estimated at 128 thousand units in 2024. It is projected to reach 3,109 thousand units by 2035 at a CAGR of 33.7 %.
Who are the major players in the global e-Corner market?
The major players dominating the e-Corner market are Schaeffler AG (Germany), Protean (UK), Hyundai Mobis (South Korea), REE (Israel), Continental AG (Germany), and Elaphe LTD (Slovenia).
Which region is projected to account for the largest share of the e-Corner market during the forecast period?
Asia Pacific is projected to account for the largest share of the e-Corner market during the forecast period. This projected dominance of the region can be attributed to the growing platformization of EVs and the presence of leading OEMs in China, Japan, and South Korea.
Which country is expected to witness a significant demand for e-Corner in Europe in the future?
Germany is expected to witness a high demand for e-Corner in the future. This increase in demand can be attributed to the presence of local E-Corner module manufacturers such as Schaeffler AG, Continental AG, and Benteler International AG, among others, with securing heavy investment for the forward integration of in-wheel motors and various EV projects.
What are the key market trends impacting the growth of the e-Corner market?
Platformization of EVs, advancements In Modular Vehicle Design, and demand For Autonomous and Flexible Urban Mobility are the key market trends or technologies expected to impact the growth of the e-Corner market.

 

Personalize This Research

  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
Request A Free Customisation

Let Us Help You

  • What are the Known and Unknown Adjacencies Impacting the e-Corner Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
Customized Workshop Request

Table of Contents

Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.

TITLE
PAGE NO
INTRODUCTION
17
RESEARCH METHODOLOGY
21
EXECUTIVE SUMMARY
32
TECHNOLOGY ANALYSIS
37
  • 4.1 TECHNOLOGY ROADMAP FOR E-CORNER SYSTEM AND INTEGRATED POWERTRAIN TECHNOLOGIES
    FULLY INTEGRATED ELECTRIC CORNER MODULE/INTEGRATED POWERTRAIN
    - In-wheel Motors (IWM)
    - Tri-motor/Quad-motor Configuration (Near-wheel Motors)
    - Drive-brake Units
    SEMI-ACTIVE SUSPENSION MODULE SYSTEM
    - Modular Suspension Designs
    - Adjustable Air Springs
    STEER-BY-WIRE MODULE/STEERING MECHANISMS
    - Steer-by-Wire Systems
    - Integrated Control Units
    BRAKING AND PROPULSION MODULE/BRAKING TECHNOLOGIES
    - Dry Braking Systems
    - Electromechanical Brakes
    SENSOR INTEGRATION
    - Advanced Sensor Systems
  • 4.2 COMPONENTS OF E-CORNER SYSTEM
    X-BY-WIRE
    - Actuators
    - Sensors
    - Control Units
    - Communication Network
    - Mechanical Components
    - Power Supply
    - Safety Mechanisms
    - User Interface
    BY LONGITUDINAL MOTION
    - Propulsion
    - Brakes
    BY VERTICAL MOTION
    - Suspension Actuators
    - Power Source
    - Control Unit
    - Sensors
    - Dampers and Springs
    - Energy Storage System
    - Hydraulic Components (Hybrid)
    - Mechanical Linkages
    - Power Electronics Converter
  • 4.3 E-CORNER SYSTEM TECHNOLOGIES IN HYPERCARS
  • 4.4 E-CORNER SYSTEM ADOPTION AND COST-BENEFIT ANALYSIS
    KEY IMPACTS OF ELECTRIC CORNER MODULE ADOPTION
    - Enhanced Efficiency and Performance
    - Space and Weight Savings
    - Simplified Manufacturing and Assembly
    - Increased Initial Investment
    - Maintenance and Reliability Concerns
    COST-BENEFIT ANALYSIS OF ELECTRIC CORNER MODULE ADOPTION
    - Cost Analysis
    - Benefit Analysis
  • 4.5 ECOSYSTEM ANALYSIS
    OEMS
    COMPONENT MANUFACTURERS
    E-CORNER MODULE MANUFACTURERS
    RAW MATERIAL SUPPLIERS
  • 4.6 CASE STUDY AND PROTOTYPE ANALYSIS
    EVOLUTION OF ELECTRIC CORNER MODULE PROTOTYPES AND SUBSYSTEMS
    OEM STRATEGIES
    - BMW
    - Volkswagen (VW)
    - Mercedes-Benz
    - Tesla
    - Hyundai
    - Rivian
    - AB Volvo
    - Faraday Future
    PROTOTYPE ANALYSIS
    - Toyota ePalette
    - Schaeffler Mover
    - Rinspeed Concept Cars
    - REE P7 EV PLATFORM
    - Hino FlatFormer
E-CORNER MARKET LANDSCAPE, BY REGION
86
  • 5.1 INTRODUCTION
  • 5.2 ASIA PACIFIC
    GROWING DEMAND FOR ADVANCED DRIVING FUNCTIONS IN LUXURY PASSENGER ELECTRIC VEHICLES TO DRIVE GROWTH
  • 5.3 EUROPE
    LOCAL DEVELOPMENT OF E-CORNER MODULE TECHNOLOGY AND PLANS FOR INCLUSION IN LUXURY ELECTRIC VEHICLES AND SHUTTLES TO DRIVE DEMAND
  • 5.4 NORTH AMERICA
    EARLY ADOPTION BY KEY AUTOMAKERS IN ELECTRIC PASSENGER CAR AND LIGHT COMMERCIAL VEHICLE SEGMENTS TO DRIVE DEMAND
E-CORNER MARKET LANDSCAPE, BY MOTOR CONFIGURATION
94
  • 6.1 INTRODUCTION
  • 6.2 TRI-MOTOR CONFIGURATION
    DEMAND FOR COST-EFFECTIVE CORNERING SOLUTIONS WITH HIGHER IMPACT TO DRIVE MARKET
  • 6.3 QUAD-MOTOR CONFIGURATION
    DEMAND FOR HIGH POWER, ADVANCED STEERING CONTROL, AND INCREASED MANEUVERABILITY APPLICATIONS IN HIGH-END LUXURY ELECTRIC VEHICLES AND ROBOTAXIS TO DRIVE MARKET
E-CORNER MARKET LANDSCAPE, BY VEHICLE TYPE
98
  • 7.1 INTRODUCTION
  • 7.2 PASSENGER CAR
    DEMAND FOR ADVANCED DRIVING FEATURES TO DRIVE MARKET
  • 7.3 LIGHT COMMERCIAL VEHICLE
    DEMAND FOR LUXURY PICKUPS IN COMPLEX TERRAINS TO DRIVE MARKET
COMPANY PROFILES
102
  • 8.1 E-CORNER SYSTEM PROVIDERS
    SCHAEFFLER AG
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    PROTEAN
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    HYUNDAI MOBIS
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    REE
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    CONTINENTAL AG
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    ELAPHE LTD
    - Business overview
    - Products offered
    BENTELER INTERNATIONAL AG
    - Business overview
    - Products offered
    ZF FRIEDRICHSHAFEN AG
    - Products offered
    - Recent developments
  • 8.2 OEMS OFFERING VEHICLES EQUIPPED WITH E-CORNER MODULE FUNCTIONALITIES
    BYD
    - Business overview
    - Products offered
    TESLA
    - Business overview
    - Products offered
    - Recent developments
    VOLKSWAGEN AG
    - Business overview
    - Products offered
    HYUNDAI MOTOR COMPANY
    - Business overview
    - Products offered
    - Recent developments
    GENERAL MOTORS
    - Business overview
    - Products offered
    DONGFENG MOTOR COMPANY
    - Business overview
    - Products offered
    RIVIAN
    - Business overview
    - Products offered
    - Recent developments
    LUCID
    - Business overview
    - Products offered
    PININFARINA
    - Business overview
    - Product offered
    FARADAY&FUTURE INC.
    - Business overview
    - Products offered
    - Recent developments
  • 8.3 OTHER KEY PLAYERS
    ZEEKR
    ASPARK CO. LTD
    LOTUS
    BUGATTI RIMAC D.O.O.
    NIO
    CANOO
RECOMMENDATIONS BY MARKETSANDMARKETS
167
  • 9.1 INTRODUCTION
  • 9.2 PARTNERSHIPS BETWEEN OEMS AND TECH PROVIDERS
  • 9.3 ALTERNATIVE TO RARE EARTH MATERIALS IN E-MOTORS
  • 9.4 EASY PLATFORM INTEGRATION TO SPEED UP ADOPTION OF E-CORNER MODULES
  • 9.5 INCREASING INVESTMENTS IN AUTOMOTIVE CYBERSECURITY
  • 9.6 PROMOTING INTEROPERABILITY AND STANDARDS
  • 9.7 EMBRACING SMART PRODUCT DESIGN AND PROTOTYPING
  • 9.8 OFFERING INNOVATIVE FEATURES ON DEMAND WITH OVER-THE-AIR UPDATES
  • 9.9 PARTNERING WITH SHUTTLE AND ROBOTAXI PROVIDERS
    APPENDIX
APPENDIX
171
  • 10.1 KEY INSIGHTS OF INDUSTRY EXPERTS
  • 10.2 DISCUSSION GUIDE
  • 10.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 10.4 CUSTOMIZATION OPTIONS
  • 10.5 RELATED REPORTS
  • 10.6 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 E-CORNER MARKET DEFINITION, BY MOTOR CONFIGURATION
  • TABLE 2 E-CORNER MARKET DEFINITION, BY VEHICLE TYPE
  • TABLE 3 INCLUSIONS AND EXCLUSIONS
  • TABLE 4 USD EXCHANGE RATES
  • TABLE 5 COMPONENTS AND MATERIALS USED IN E-CORNER SYSTEM
  • TABLE 6 RECENT DEVELOPMENTS BY OEMS IN ECOSYSTEM
  • TABLE 7 RECENT DEVELOPMENTS BY COMPONENT MANUFACTURERS IN ECOSYSTEM
  • TABLE 8 RECENT DEVELOPMENTS BY ELECTRIC CORNER MODULE MANUFACTURERS IN ECOSYSTEM
  • TABLE 9 ROLE OF COMPANIES IN ECOSYSTEM
  • TABLE 10 TOYOTA E-PALETTE: PROTOTYPE OVERVIEW
  • TABLE 11 SCHAEFFLER AG: STRATEGIC PARTNERSHIPS
  • TABLE 12 SCHAEFFLER MOVER: PROTOTYPE OVERVIEW
  • TABLE 13 RINSPEED OASIS: PROTOTYPE OVERVIEW
  • TABLE 14 RINSPEED OASIS: PROTOTYPE COMPARISON
  • TABLE 15 E-CORNER MARKET, BY REGION, 2020–2023 (THOUSAND UNITS)
  • TABLE 16 E-CORNER MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
  • TABLE 17 E-CORNER MARKET, BY REGION, 2031–2035 (THOUSAND UNITS)
  • TABLE 18 ASIA PACIFIC: E-CORNER MARKET, BY COUNTRY, 2020–2023 (THOUSAND UNITS)
  • TABLE 19 ASIA PACIFIC: E-CORNER MARKET, BY COUNTRY, 2024–2030 (THOUSAND UNITS)
  • TABLE 20 ASIA PACIFIC: E-CORNER MARKET, BY COUNTRY, 2031–2035 (THOUSAND UNITS)
  • TABLE 21 EUROPE: E-CORNER MARKET, BY COUNTRY, 2020–2023 (THOUSAND UNITS)
  • TABLE 22 EUROPE: E-CORNER MARKET, BY COUNTRY, 2024–2030 (THOUSAND UNITS)
  • TABLE 23 EUROPE: E-CORNER MARKET, BY COUNTRY, 2031–2035 (THOUSAND UNITS)
  • TABLE 24 NORTH AMERICA: E-CORNER MARKET, BY COUNTRY, 2020–2023 (THOUSAND UNITS)
  • TABLE 25 NORTH AMERICA: E-CORNER MARKET, BY COUNTRY, 2024–2030 (THOUSAND UNITS)
  • TABLE 26 NORTH AMERICA: E-CORNER MARKET, BY COUNTRY, 2031–2035 (THOUSAND UNITS)
  • TABLE 27 E-CORNER MARKET, BY MOTOR CONFIGURATION, 2020–2023 (THOUSAND UNITS)
  • TABLE 28 E-CORNER MARKET, BY MOTOR CONFIGURATION, 2024–2030 (THOUSAND UNITS)
  • TABLE 29 E-CORNER MARKET, BY MOTOR CONFIGURATION, 2031–2035 (THOUSAND UNITS)
  • TABLE 30 TRI-MOTOR CONFIGURATION: E-CORNER MARKET, 2020–2023 (THOUSAND UNITS)
  • TABLE 31 TRI-MOTOR CONFIGURATION: E-CORNER MARKET, 2024–2030 (THOUSAND UNITS)
  • TABLE 32 TRI-MOTOR CONFIGURATION: E-CORNER MARKET, 2031–2035 (THOUSAND UNITS)
  • TABLE 33 QUAD-MOTOR CONFIGURATION: E-CORNER MARKET, 2020–2023 (THOUSAND UNITS)
  • TABLE 34 QUAD-MOTOR CONFIGURATION: E-CORNER MARKET, 2024–2030 (THOUSAND UNITS)
  • TABLE 35 QUAD-MOTOR CONFIGURATION: E-CORNER MARKET, 2031–2035 (THOUSAND UNITS)
  • TABLE 36 E-CORNER MARKET, BY VEHICLE TYPE, 2020–2023 (THOUSAND UNITS)
  • TABLE 37 E-CORNER MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
  • TABLE 38 E-CORNER MARKET, BY VEHICLE TYPE, 2031–2035 (THOUSAND UNITS)
  • TABLE 39 PASSENGER CAR: E-CORNER MARKET, 2020–2023 (THOUSAND UNITS)
  • TABLE 40 PASSENGER CAR: E-CORNER MARKET, 2024–2030 (THOUSAND UNITS)
  • TABLE 41 PASSENGER CAR: E-CORNER MARKET, 2031–2035 (THOUSAND UNITS)
  • TABLE 42 LIGHT COMMERCIAL VEHICLE: E-CORNER MARKET, 2020–2023 (THOUSAND UNITS)
  • TABLE 43 LIGHT COMMERCIAL VEHICLE: E-CORNER MARKET, 2024–2030 (THOUSAND UNITS)
  • TABLE 44 LIGHT COMMERCIAL VEHICLE: E-CORNER MARKET, 2031–2035 (THOUSAND UNITS)
  • TABLE 45 SCHAEFFLER AG: COMPANY OVERVIEW
  • TABLE 46 SCHAEFFLER AG: PRODUCTS OFFERED
  • TABLE 47 SCHAEFFLER AG: RECENT DEVELOPMENTS
  • TABLE 48 PROTEAN: COMPANY OVERVIEW
  • TABLE 49 PROTEAN: PRODUCTS OFFERED
  • TABLE 50 PROTEAN: RECENT DEVELOPMENTS
  • TABLE 51 HYUNDAI MOBIS: COMPANY OVERVIEW
  • TABLE 52 HYUNDAI MOBIS: PRODUCTS OFFERED
  • TABLE 53 HYUNDAI MOBIS: RECENT DEVELOPMENTS
  • TABLE 54 REE: COMPANY OVERVIEW
  • TABLE 55 REE: GLOBAL PRESENCE
  • TABLE 56 REE: PRODUCTS OFFERED
  • TABLE 57 REE: RECENT DEVELOPMENTS
  • TABLE 58 CONTINENTAL AG: COMPANY OVERVIEW
  • TABLE 59 CONTINENTAL AG: PRODUCTS OFFERED
  • TABLE 60 CONTINENTAL AG: RECENT DEVELOPMENTS
  • TABLE 61 ELAPHE LTD: COMPANY OVERVIEW
  • TABLE 62 ELAPHE LTD: PRODUCTS OFFERED
  • TABLE 63 BENTELER INTERNATIONAL AG: COMPANY OVERVIEW
  • TABLE 64 BENTELER INTERNATIONAL AG: PRODUCTS OFFERED
  • TABLE 65 ZF FRIEDRICHSHAFEN AG: COMPANY OVERVIEW
  • TABLE 66 ZF FRIEDRICHSHAFEN AG: PRODUCTS OFFERED
  • TABLE 67 ZF FRIEDRICHSHAFEN AG: RECENT DEVELOPMENTS
  • TABLE 68 BYD: COMPANY OVERVIEW
  • TABLE 69 BYD: PRODUCTS OFFERED
  • TABLE 70 TESLA: COMPANY OVERVIEW
  • TABLE 71 TESLA: PRODUCTS OFFERED
  • TABLE 72 TESLA: RECENT DEVELOPMENTS
  • TABLE 73 VOLKSWAGEN AG: COMPANY OVERVIEW
  • TABLE 74 VOLKSWAGEN AG: PRODUCTS OFFERED
  • TABLE 75 HYUNDAI MOTOR COMPANY: COMPANY OVERVIEW
  • TABLE 76 HYUNDAI MOTOR COMPANY: PRODUCTS OFFERED
  • TABLE 77 HYUNDAI MOTOR COMPANY: RECENT DEVELOPMENTS
  • TABLE 78 GENERAL MOTORS: COMPANY OVERVIEW
  • TABLE 79 GENERAL MOTORS: PRODUCTS OFFERED
  • TABLE 80 DONGFENG MOTOR COMPANY: COMPANY OVERVIEW
  • TABLE 81 DONGFENG MOTOR COMPANY: PRODUCTS OFFERED
  • TABLE 82 RIVIAN: COMPANY OVERVIEW
  • TABLE 83 RIVIAN: PRODUCTS OFFERED
  • TABLE 84 RIVIAN: RECENT DEVELOPMENTS
  • TABLE 85 LUCID: PRODUCTS OFFERED
  • TABLE 86 PININFARINA: COMPANY OVERVIEW
  • TABLE 87 PININFARINA: PRODUCTS OFFERED
  • TABLE 88 FARADAY&FUTURE INC.: COMPANY OVERVIEW
  • TABLE 89 FARADAY&FUTURE INC: PRODUCTS OFFERED
  • TABLE 90 FARADAY&FUTURE INC.: RECENT DEVELOPMENTS
  • TABLE 91 ZEEKR: COMPANY OVERVIEW
  • TABLE 92 ASPARK CO. LTD: COMPANY OVERVIEW
  • TABLE 93 LOTUS: COMPANY OVERVIEW
  • TABLE 94 BUGATTI RIMAC D.O.O.: COMPANY OVERVIEW
  • TABLE 95 NIO: COMPANY OVERVIEW
  • TABLE 96 CANOO: COMPANY OVERVIEW
LIST OF FIGURES
 
  • FIGURE 1 E-CORNER MARKET SEGMENTATION
  • FIGURE 2 RESEARCH PROCESS FLOW
  • FIGURE 3 KEY INDUSTRY INSIGHTS
  • FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
  • FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
  • FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY FOR E-CORNER MARKET: BOTTOM-UP APPROACH
  • FIGURE 7 DATA TRIANGULATION
  • FIGURE 8 DEMAND AND SUPPLY-SIDE FACTOR ANALYSIS
  • FIGURE 9 E-CORNER MARKET: KEY MARKET APPLICATIONS AND TECHNOLOGY ENABLERS
  • FIGURE 10 OVERVIEW OF TECHNOLOGIES SUPPORTING E-CORNER SYSTEM APPLICATIONS
  • FIGURE 11 TECHNOLOGY ROADMAP OF ELECTRIC CORNER MODULE TECHNOLOGY
  • FIGURE 12 X-BY-WIRE TECHNOLOGY
  • FIGURE 13 BY PROPULSION
  • FIGURE 14 BUYING CRITERIA FOR CONSUMERS: VEHICLE WITH E-CORNER SYSTEM VS. WITHOUT E-CORNER SYSTEM
  • FIGURE 15 ECOSYSTEM ANALYSIS
  • FIGURE 16 EVOLUTION OF E-CORNER MODULE PROTOTYPES AND SUBSYSTEMS
  • FIGURE 17 BMW: E-CORNER MODULE EVOLUTION
  • FIGURE 18 VOLKSWAGEN: E-CORNER MODULE EVOLUTION
  • FIGURE 19 MERCEDES BENZ: E-CORNER MODULE EVOLUTION
  • FIGURE 20 TESLA: E-CORNER MODULE EVOLUTION
  • FIGURE 21 HYUNDAI: E-CORNER MODULE EVOLUTION
  • FIGURE 22 RIVIAN: E-CORNER MODULE EVOLUTION
  • FIGURE 23 AB VOLVO: E-CORNER MODULE EVOLUTION
  • FIGURE 24 FARADAY FUTURE: E-CORNER MODULE EVOLUTION
  • FIGURE 25 SCHAEFFLER MOVER: DESIGN
  • FIGURE 26 RINSPEED OASIS: DESIGN
  • FIGURE 27 RINSPEED SNAP: DESIGN
  • FIGURE 28 RINSPEED MICROSNAP: DESIGN
  • FIGURE 29 RINSPEED METROSNAP: DESIGN
  • FIGURE 30 RINSPEED CITYSNAP: DESIGN
  • FIGURE 31 TIMELINE OF HINO FLATFORMER
  • FIGURE 32 E-CORNER MARKET, BY REGION, 2024–2035
  • FIGURE 33 ASIA PACIFIC: E-CORNER MARKET SNAPSHOT
  • FIGURE 34 EUROPE: E-CORNER MARKET, BY COUNTRY, 2024–2035
  • FIGURE 35 NORTH AMERICA: E-CORNER MARKET SNAPSHOT
  • FIGURE 36 E-CORNER MARKET, BY MOTOR CONFIGURATION, 2024–2035
  • FIGURE 37 E-CORNER MARKET, BY VEHICLE TYPE, 2024–2035
  • FIGURE 38 SCHAEFFLER AG: COMPANY SNAPSHOT
  • FIGURE 39 SCHAEFFLER AG: DEVELOPMENTS FOR E-CORNER SYSTEM
  • FIGURE 40 SCHAEFFLER AG: TECHNOLOGY ROADMAP
  • FIGURE 41 SCHAEFFLER AG: MODULAR SYSTEM CONFIGURATION
  • FIGURE 42 PROTEAN: DEVELOPMENTS FOR E-CORNER SYSTEM
  • FIGURE 43 HYUNDAI MOBIS: COMPANY SNAPSHOT
  • FIGURE 44 REE: COMPANY SNAPSHOT
  • FIGURE 45 REE: DEVELOPMENTS FOR E-CORNER SYSTEM
  • FIGURE 46 CONTINENTAL AG: COMPANY SNAPSHOT
  • FIGURE 47 CONTINENTAL AG: DEVELOPMENTS FOR E-CORNER SYSTEM
  • FIGURE 48 ELAPHE LTD: DEVELOPMENTS FOR E-CORNER SYSTEM
  • FIGURE 49 BENTELER INTERNATIONAL AG: COMPANY SNAPSHOT
  • FIGURE 50 BENTELER INTERNATIONAL AG: DEVELOPMENTS FOR E-CORNER SYSTEM
  • FIGURE 51 ZF FRIEDRICHSHAFEN AG: COMPANY SNAPSHOT
  • FIGURE 52 BYD: COMPANY SNAPSHOT
  • FIGURE 53 BYD: DEVELOPMENTS FOR E-CORNER SYSTEM
  • FIGURE 54 TESLA: COMPANY SNAPSHOT
  • FIGURE 55 TESLA: DEVELOPMENTS FOR E-CORNER SYSTEM
  • FIGURE 56 VOLKSWAGEN AG: COMPANY SNAPSHOT
  • FIGURE 57 HYUNDAI MOTOR COMPANY: COMPANY SNAPSHOT
  • FIGURE 58 HYUNDAI MOTOR COMPANY: DEVELOPMENTS FOR E-CORNER SYSTEM
  • FIGURE 59 GENERAL MOTORS: COMPANY SNAPSHOT
  • FIGURE 60 GENERAL MOTORS: DEVELOPMENTS FOR E-CORNER SYSTEM
  • FIGURE 61 DONGFENG MOTOR COMPANY: COMPANY SNAPSHOT
  • FIGURE 62 DONGFENG MOTOR COMPANY: DEVELOPMENTS FOR E-CORNER SYSTEM
  • FIGURE 63 RIVIAN: COMPANY SNAPSHOT
  • FIGURE 64 RIVIAN: DEVELOPMENTS FOR E-CORNER SYSTEM
  • FIGURE 65 PININFARINA: COMPANY SNAPSHOT
  • FIGURE 66 STRATEGIC RECOMMENDATIONS FOR E-CORNER MARKET

This research study extensively uses secondary sources, such as company annual reports/presentations, industry association publications, magazine articles, directories, technical handbooks, World Economic Outlook, trade websites, technical articles, and databases, to identify and collect information on the e-Corner market. In-depth interviews have been conducted with various primary sources—experts from related industries, automotive OEMs, electric corner module manufacturers, autonomous driving platform/OS providers, and system integrators—to obtain and verify critical information and assess the growth prospects and market estimations.

Secondary Research

The market for the companies offering hydrogen trucks is arrived at by secondary data available through paid and unpaid sources, analyzing the product portfolios of the major companies in the ecosystem, and rating the companies by their performance and quality.

Secondary research has identified key players in the e-Corner market. Primary research interviews have been conducted with key opinion leaders in the automotive sector, such as CEOs, directors, industry experts, and other executives, to validate revenues. The size of the e-Corner market, in terms of volume (thousand units) for various regions, has been derived using forecasting techniques based on the demand for e-corner systems and market trends.

In the secondary research process, various secondary sources have been used to identify and collect information on the e-Corner market for this study. The secondary sources include annual reports, press releases, and investor presentations of companies; whitepapers, certified publications, and articles from recognized authors, directories, and databases; and articles from recognized associations and government publishing sources.

Primary Research

Extensive primary research has been conducted after understanding the scenario of the e-Corner through secondary research. Several primary interviews have been conducted with market experts from both the demand (OEMs) and supply (e-Cornerproviders, EV motor providers, and other component manufacturers) across three major regions: North America, Europe, and Asia Pacific. Approximately 29% and 71% of primary interviews have been conducted from the demand and supply sides, respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and administration, have been covered to provide a holistic viewpoint in this report.

After interacting with industry experts, brief sessions with highly experienced independent consultants have also been conducted to reinforce the findings from primaries. This and the in-house subject-matter experts’ opinions have led to the findings described in the remainder of this report.

In the complete market engineering process, the bottom-up approach was extensively used, along with several data triangulation methods, to perform the market estimation and market forecasting for the overall market segments and subsegments listed in this report. Extensive qualitative and quantitative analysis was performed on the complete market engineering process to list the key information/insights throughout the report.

e-Corner Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Bottom-up approach wase used to estimate and validate the total size of the e-Corner market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

e-Corner Market : Top-Down and Bottom-Up Approach

e-Corner Market Top Down and Bottom Up Approach

Data Triangulation

The market was split into several segments and subsegments after arriving at the overall market size using the market size estimation processes explained above. The data triangulation and market breakup procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Market Definition

The e-corner or electric corner module is a highly advanced system that integrates propulsion, braking, steering, and suspension into a modular unit at each wheel. The module, which is built according to a conventional wheel's geometric specifications, includes an in-wheel electric motor for propulsion and electronically controlled steering, suspension, and electrically activated brakes. With fundamental mechanical linkages and a power connector, this modular design makes attaching to specific vehicle platforms simple. The e-corner, which is fully controlled by an electrical system attached to the car's steering column, improves handling and dynamics by giving each wheel precise, independent control over its movement.

Stakeholders

  • American Society of Mechanical Engineers (ASME)
  • Automobile OEMs
  • Battery Manufacturers
  • Chassis and Suspension Suppliers
  • Electric Corner Module Manufacturers
  • Environmental Protection Agency (EPA)
  • Fleet Operators
  • Government Agencies and Organizations
  • Research and Development Institutions
  • Software and Sensor Providers

Report Objectives

  • To analyze and forecast the e-Corner market in terms of value (USD million) and volume (thousand units) from 2020 to 2035
  • To segment the market by vehicle type, motor configuration, and region
    • To segment and forecast the market size by volume based on vehicle type (passenger car, light commercial vehicle)
    • To segment and forecast the market size by volume based on motor configuration (tri-motor, quad-motor)
    • To segment and forecast the market by volume based on region (Asia Pacific, Europe, and North America)
  • To strategically analyze the market for individual growth trends, prospects, and contributions to the total market
  • To study the following with respect to the market
    • Ecosystem Analysis
    • Value Chain Analysis
    • Technology Analysis
    • Bill of Material Analysis
    • Case Study Analysis
  • To track and analyze competitive developments such as deals, product launches/developments, expansions, and other activities undertaken by the key industry participants

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for this report:

  • e-Corner market, By Autonomous Shuttle Type at Regional Level
  • e-Corner market, Additional Countries (Up to 3)
  • Profiling of additional market players (Up to 3)

Previous Versions of this Report

Custom Market Research Services

We Will Customise The Research For You, In Case The Report Listed Above Does Not Meet With Your Requirements

Get 10% Free Customisation

Growth opportunities and latent adjacency in e-Corner Market

DMCA.com Protection Status