Product Code: AT 9557
The e-Corner market size is projected to grow from 128 thousand units in 2024 to 3,109 thousand units by 2035, at a CAGR of 33.7%. The e-Corner market will be shaped by a shift towards modular and scalable assembly, and platformization of EVs. This growth can be attributed to the integration of steering, propulsion and braking via X-by-Wire technology which reduces the mechanical linkages in EVs and make it lightweight and frees up space for passengers, cargo for urban as well as off-road mobility. These benefits will allow the OEMs to rapidly adopt the platformization in their upcoming vehicle lineup including Autonomous and software defined vehicles. In addition, e-corner manufacturers will focus on making e-corner modules compatible with the various platforms.
Scope of the Report |
Years Considered for the Study | 2020-2035 |
Base Year | 2023 |
Forecast Period | 2024-2035 |
Units Considered | Volume (Thousand Units) |
Segments | Vehicle type (Passenger Car and Light Commercial Vehicle), Motor Configuration (Tri-motor, Quad-motor), and Region |
Regions covered | Asia Pacific, Europe, and North America |
"Tri-motor configuration segment is currently the largest segment, by motor configuration."
Tri-motor setups offer superior performance and better torque vectoring capabilities than dual-motor systems, leading to improved stability and handling. As demand for high-performance EVs continues to grow, manufacturers like Rivian are incorporating tri-motor configurations into their lineup, signaling the increasing appeal of this configuration for both performance enthusiasts and everyday drivers looking for enhanced driving dynamics. Many tri-motor vehicles have large battery packs, extending driving range. The Rivian R1T, for instance, offers up to 410 miles of range in conserve mode, or around 260 miles under normal driving conditions. Other vehicle models with tri-motor configuration includes Tesla Model S Plaid, Tesla Model X Plaid, Tesla Cybertruck, Rivian R1T, Rivian R1S, Lucid Air Sapphire with total motor power ranging from 620 to 920 Kw, which combines luxury with performance. OEM manufacturers such as Tesla and Rivian are expanding their offerings to include tri-motor options, signaling a shift toward maximizing performance without compromising the existing range. Tesla Model S Plaid, Tesla Model X Plaid, Tesla Cybertruck, Rivian R1S, and R1T are among the leading vehicles that are equipped with tri-motor configuration electric corner modules.
- By Company Type: Tier 1 - 52%, Tier II - 19%, OEM - 29%.
- By Designation: C Level - 47%, D Level - 37%, and Others - 16%
- By Region: Asia Pacific- 28%, North America- 34%, Europe- 38%
Research Coverage:
e-Corner market is segmented by vehicle type (Passenger Car and Light Commercial Vehicle), motor configuration (Tri-motor and Quad-motor), and region (Asia Pacific, Europe, and North America). The market study includes future strategies by OEMs, Ecosystem Analysis, Technology Analysis, Case Studies and Prototype Analysis.
Reasons to buy this report:
The report will provide market leaders and new entrants with information on the closest approximations of the sales numbers for the e-Corner market and its subsegments. It will also help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
The report provides insights on the following pointers:
Technology Analysis: Insights on current and upcoming technologies, future investments, and critical OEMs strategies. Covered major electric components, technological trends such as the platformization, and market players providing these.
- Market Landscape by vehicle type (Passenger Car and Commercial Vehicle),by motor configuration (Tri-motor and Quad-motor), by region ( Asia Pacific, Europe, and North America).
- Case Studies and Prototype Analysis: The report analyses case studies, and prototype analysis and product offerings of leading players. It also helps stakeholders understand the strategy of the electric corner module manufacturers and provides information on their recent developments and investments in the market.
TABLE OF CONTENTS
1 INTRODUCTION
- 1.1 STUDY OBJECTIVES
- 1.2 MARKET DEFINITION
- 1.2.1 INCLUSIONS AND EXCLUSIONS
- 1.3 MARKET SCOPE
- 1.3.1 MARKETS COVERED
- 1.3.2 YEARS CONSIDERED
- 1.4 CURRENCY CONSIDERED
- 1.5 UNIT CONSIDERED
- 1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY
- 2.1 RESEARCH DATA
- 2.1.1 SECONDARY DATA
- 2.1.1.1 Key secondary sources
- 2.1.1.2 Key data from secondary sources
- 2.1.2 PRIMARY DATA
- 2.1.2.1 Primary interview participants
- 2.1.2.2 Key industry insights
- 2.1.2.3 Breakdown of primary interviews
- 2.1.2.4 List of primary participants
- 2.2 MARKET SIZE ESTIMATION METHODOLOGY
- 2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
- 2.4 FACTOR ANALYSIS
- 2.5 RESEARCH ASSUMPTIONS
- 2.6 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY
4 TECHNOLOGY ANALYSIS
- 4.1 TECHNOLOGY ROADMAP FOR E-CORNER SYSTEM AND INTEGRATED POWERTRAIN TECHNOLOGIES
- 4.1.1 FULLY INTEGRATED ELECTRIC CORNER MODULE/INTEGRATED POWERTRAIN
- 4.1.1.1 In-wheel Motors (IWM)
- 4.1.1.2 Tri-motor/Quad-motor Configuration (Near-wheel Motors)
- 4.1.1.3 Drive-brake Units
- 4.1.2 SEMI-ACTIVE SUSPENSION MODULE SYSTEM
- 4.1.2.1 Modular Suspension Designs
- 4.1.2.2 Adjustable Air Springs
- 4.1.3 STEER-BY-WIRE MODULE/STEERING MECHANISMS
- 4.1.3.1 Steer-by-Wire Systems
- 4.1.3.2 Integrated Control Units
- 4.1.4 BRAKING AND PROPULSION MODULE/BRAKING TECHNOLOGIES
- 4.1.4.1 Dry Braking Systems
- 4.1.4.2 Electromechanical Brakes
- 4.1.5 SENSOR INTEGRATION
- 4.1.5.1 Advanced Sensor Systems
- 4.2 COMPONENTS OF E-CORNER SYSTEM
- 4.2.1 X-BY-WIRE
- 4.2.1.1 Actuators
- 4.2.1.2 Sensors
- 4.2.1.3 Control Units
- 4.2.1.4 Communication Network
- 4.2.1.5 Mechanical Components
- 4.2.1.6 Power Supply
- 4.2.1.7 Safety Mechanisms
- 4.2.1.8 User Interface
- 4.2.2 BY LONGITUDINAL MOTION
- 4.2.2.1 Propulsion
- 4.2.2.1.1 In-wheel Motor Properties
- 4.2.2.1.2 Drive-by-Wire
- 4.2.2.1.3 Electrical Machines for In-wheel Motor Applications
- 4.2.2.2 Brakes
- 4.2.2.2.1 Regenerative Braking through In-wheel Motors
- 4.2.2.2.2 Brake-by-Wire
- 4.2.2.2.3 Electromechanical Disc Brakes
- 4.2.3 BY VERTICAL MOTION
- 4.2.3.1 Suspension Actuators
- 4.2.3.2 Power Source
- 4.2.3.3 Control Unit
- 4.2.3.4 Sensors
- 4.2.3.5 Dampers and Springs
- 4.2.3.6 Energy Storage System
- 4.2.3.7 Hydraulic Components (Hybrid)
- 4.2.3.8 Mechanical Linkages
- 4.2.3.9 Power Electronics Converter
- 4.3 E-CORNER SYSTEM TECHNOLOGIES IN HYPERCARS
- 4.4 E-CORNER SYSTEM ADOPTION AND COST-BENEFIT ANALYSIS
- 4.4.1 KEY IMPACTS OF ELECTRIC CORNER MODULE ADOPTION
- 4.4.1.1 Enhanced Efficiency and Performance
- 4.4.1.2 Space and Weight Savings
- 4.4.1.3 Simplified Manufacturing and Assembly
- 4.4.1.4 Increased Initial Investment
- 4.4.1.5 Maintenance and Reliability Concerns
- 4.4.2 COST-BENEFIT ANALYSIS OF ELECTRIC CORNER MODULE ADOPTION
- 4.4.2.1 Cost Analysis
- 4.4.2.1.1 Upfront Costs
- 4.4.2.1.2 Operational Costs
- 4.4.2.2 Benefit Analysis
- 4.4.2.2.1 Long-term Savings
- 4.4.2.2.2 Enhanced Vehicle Value
- 4.5 ECOSYSTEM ANALYSIS
- 4.5.1 OEMS
- 4.5.2 COMPONENT MANUFACTURERS
- 4.5.3 E-CORNER MODULE MANUFACTURERS
- 4.5.4 RAW MATERIAL SUPPLIERS
- 4.6 CASE STUDY AND PROTOTYPE ANALYSIS
- 4.6.1 EVOLUTION OF ELECTRIC CORNER MODULE PROTOTYPES AND SUBSYSTEMS
- 4.6.2 OEM STRATEGIES
- 4.6.2.1 BMW
- 4.6.2.2 Volkswagen (VW)
- 4.6.2.3 Mercedes-Benz
- 4.6.2.4 Tesla
- 4.6.2.5 Hyundai
- 4.6.2.6 Rivian
- 4.6.2.7 AB Volvo
- 4.6.2.8 Faraday Future
- 4.6.3 PROTOTYPE ANALYSIS
- 4.6.3.1 Toyota ePalette
- 4.6.3.1.1 Overview of ePalette design
- 4.6.3.1.2 Electric corner module functionalities in Toyota ePalette
- 4.6.3.1.2.1 Independent wheel control
- 4.6.3.1.2.2 Active suspension systems
- 4.6.3.1.2.3 Advanced sensor technologies
- 4.6.3.1.2.4 Automated driving systems
- 4.6.3.1.2.5 Redundant systems for safety
- 4.6.3.2 Schaeffler Mover
- 4.6.3.2.1 Overview of Schaeffler Mover design
- 4.6.3.2.2 Electric corner module functionalities in Schaeffler Mover
- 4.6.3.2.2.1 Wheel hub drive system
- 4.6.3.2.2.2 Schaeffler Intelligent Corner Module
- 4.6.3.3 Rinspeed Concept Cars
- 4.6.3.3.1 Overview of Rinspeed concept car design
- 4.6.3.3.2 Electric corner module functionalities in Rinspeed concept cars
- 4.6.3.3.2.1 Electric corner module functionalities in Oasis
- 4.6.3.3.2.2 Electric corner module functionalities in Snap
- 4.6.3.3.2.3 Electric corner module functionalities in MicroSnap
- 4.6.3.3.2.4 Electric corner module functionalities in MetroSnap
- 4.6.3.3.2.5 Electric corner module functionalities in CitySnap
- 4.6.3.4 REE P7 EV PLATFORM
- 4.6.3.4.1 Overview of REE P7 EV platform design
- 4.6.3.4.1.1 Key design features
- 4.6.3.4.2 Electric corner module functionalities in REE P7 platform
- 4.6.3.4.2.1 Key functionalities
- 4.6.3.5 Hino FlatFormer
- 4.6.3.5.1 Overview of Hino FlatFormer design
- 4.6.3.5.2 Electric corner module functionalities in Hino FlatFormer
- 4.6.3.5.2.1 In-wheel motor integration
- 4.6.3.5.2.2 Steering system
- 4.6.3.5.2.3 Brake-by-Wire system
- 4.6.3.5.2.4 Suspension System
- 4.6.3.5.2.5 Active noise, vibration, and harshness (NVH) management
- 4.6.3.5.2.6 AI data unit
- 4.6.3.5.2.7 Power management
- 4.6.3.5.2.8 Slip detection and traction control
5 E-CORNER MARKET LANDSCAPE, BY REGION
- 5.1 INTRODUCTION
- 5.2 ASIA PACIFIC
- 5.2.1 GROWING DEMAND FOR ADVANCED DRIVING FUNCTIONS IN LUXURY PASSENGER ELECTRIC VEHICLES TO DRIVE GROWTH
- 5.3 EUROPE
- 5.3.1 LOCAL DEVELOPMENT OF E-CORNER MODULE TECHNOLOGY AND PLANS FOR INCLUSION IN LUXURY ELECTRIC VEHICLES AND SHUTTLES TO DRIVE DEMAND
- 5.4 NORTH AMERICA
- 5.4.1 EARLY ADOPTION BY KEY AUTOMAKERS IN ELECTRIC PASSENGER CAR AND LIGHT COMMERCIAL VEHICLE SEGMENTS TO DRIVE DEMAND
6 E-CORNER MARKET LANDSCAPE, BY MOTOR CONFIGURATION
- 6.1 INTRODUCTION
- 6.2 TRI-MOTOR CONFIGURATION
- 6.2.1 DEMAND FOR COST-EFFECTIVE CORNERING SOLUTIONS WITH HIGHER IMPACT TO DRIVE MARKET
- 6.3 QUAD-MOTOR CONFIGURATION
- 6.3.1 DEMAND FOR HIGH POWER, ADVANCED STEERING CONTROL, AND INCREASED MANEUVERABILITY APPLICATIONS IN HIGH-END LUXURY ELECTRIC VEHICLES AND ROBOTAXIS TO DRIVE MARKET
7 E-CORNER MARKET LANDSCAPE, BY VEHICLE TYPE
- 7.1 INTRODUCTION
- 7.2 PASSENGER CAR
- 7.2.1 DEMAND FOR ADVANCED DRIVING FEATURES TO DRIVE MARKET
- 7.3 LIGHT COMMERCIAL VEHICLE
- 7.3.1 DEMAND FOR LUXURY PICKUPS IN COMPLEX TERRAINS TO DRIVE MARKET
8 COMPANY PROFILES
- 8.1 E-CORNER SYSTEM PROVIDERS
- 8.1.1 SCHAEFFLER AG
- 8.1.1.1 Business overview
- 8.1.1.2 Products offered
- 8.1.1.3 Recent developments
- 8.1.1.4 MnM view
- 8.1.1.4.1 Key strengths
- 8.1.1.4.2 Strategic choices
- 8.1.1.4.3 Weaknesses and competitive threats
- 8.1.2 PROTEAN
- 8.1.2.1 Business overview
- 8.1.2.2 Products offered
- 8.1.2.3 Recent developments
- 8.1.2.4 MnM view
- 8.1.2.4.1 Key strengths
- 8.1.2.4.2 Strategic choices
- 8.1.2.4.3 Weaknesses and competitive threats
- 8.1.3 HYUNDAI MOBIS
- 8.1.3.1 Business overview
- 8.1.3.2 Products offered
- 8.1.3.3 Recent developments
- 8.1.3.4 MnM view
- 8.1.3.4.1 Key strengths
- 8.1.3.4.2 Strategic choices
- 8.1.3.4.3 Weaknesses and competitive threats
- 8.1.4 REE
- 8.1.4.1 Business overview
- 8.1.4.2 Products offered
- 8.1.4.3 Recent developments
- 8.1.4.4 MnM view
- 8.1.4.4.1 Key strengths
- 8.1.4.4.2 Strategic choices
- 8.1.4.4.3 Weaknesses and competitive threats
- 8.1.5 CONTINENTAL AG
- 8.1.5.1 Business overview
- 8.1.5.2 Products offered
- 8.1.5.3 Recent developments
- 8.1.5.4 MnM view
- 8.1.5.4.1 Key strengths
- 8.1.5.4.2 Strategic choices
- 8.1.5.4.3 Weaknesses and competitive threats
- 8.1.6 ELAPHE LTD
- 8.1.6.1 Business overview
- 8.1.6.2 Products offered
- 8.1.7 BENTELER INTERNATIONAL AG
- 8.1.7.1 Business overview
- 8.1.7.2 Products offered
- 8.1.8 ZF FRIEDRICHSHAFEN AG
- 8.1.8.1 Products offered
- 8.1.8.2 Recent developments
- 8.2 OEMS OFFERING VEHICLES EQUIPPED WITH E-CORNER MODULE FUNCTIONALITIES
- 8.2.1 BYD
- 8.2.1.1 Business overview
- 8.2.1.2 Products offered
- 8.2.2 TESLA
- 8.2.2.1 Business overview
- 8.2.2.2 Products offered
- 8.2.2.3 Recent developments
- 8.2.3 VOLKSWAGEN AG
- 8.2.3.1 Business overview
- 8.2.3.2 Products offered
- 8.2.4 HYUNDAI MOTOR COMPANY
- 8.2.4.1 Business overview
- 8.2.4.2 Products offered
- 8.2.4.3 Recent developments
- 8.2.5 GENERAL MOTORS
- 8.2.5.1 Business overview
- 8.2.5.2 Products offered
- 8.2.6 DONGFENG MOTOR COMPANY
- 8.2.6.1 Business overview
- 8.2.6.2 Products offered
- 8.2.7 RIVIAN
- 8.2.7.1 Business overview
- 8.2.7.2 Products offered
- 8.2.7.3 Recent developments
- 8.2.8 LUCID
- 8.2.8.1 Business overview
- 8.2.8.2 Products offered
- 8.2.9 PININFARINA
- 8.2.9.1 Business overview
- 8.2.9.2 Product offered
- 8.2.10 FARADAY&FUTURE INC.
- 8.2.10.1 Business overview
- 8.2.10.2 Products offered
- 8.2.10.3 Recent developments
- 8.3 OTHER KEY PLAYERS
- 8.3.1 ZEEKR
- 8.3.2 ASPARK CO. LTD
- 8.3.3 LOTUS
- 8.3.4 BUGATTI RIMAC D.O.O.
- 8.3.5 NIO
- 8.3.6 CANOO
9 RECOMMENDATIONS BY MARKETSANDMARKETS
- 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
10 APPENDIX
- 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