Integrated Drive Systems Market by Offering (Hardware, Software, Services)
Industry: Semiconductor Electronics
Published Date: March-2023
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 250
Report ID: PMRREP14878
The Global Integrated Drive Systems Market is set to expand at a CAGR of 4.2% from 2022 to 2032. It is projected to broaden by reaching a valuation of about US$ 57.5 billion by 2032. It surpassed a value of US$ 38.3 billion in 2022.
Rising emphasis on process performance to maintain market edge is expected to drive integrated drive system sales in the next ten years. Expanding use of integrated drive systems for industrial automation is another crucial factor that would lead to growth.
Cost of maintenance can be decreased thanks to integrated drive systems. Certain drive applications are made possible by the combination of internet-driven technology and energy conservation software applications, resulting in high cost reductions. According to a few estimations, use of integrated drive systems can result in cost reductions of up to 15%.
A drive train's horizontal integration permits the purchase of a motor, gearbox, connection, phase converter, and controller from a single source. This results in single-vendor accountability for clients, which simplifies purchasing and lowers warranty expenses that are frequently overlooked.
One of the defining characteristics of the fiercely competitive automobile business continues to be innovation and constant development. Ongoing implementation of such systems is a result of the necessity to preserve competitive advantage.
Manufacturers nowadays rely on computer simulation to promote continuous improvement, enhance efficiency, and simultaneously save costs due to rising expenses of car production programs. Automotive firms can construct a digital model of any manufacturing system by using the process simulation software provided by SIMUL8.
The assembly line at Ford Motor Company, for instance, has undergone an ergonomic examination using motion analysis technologies. It occurred in a bid to find & fix any ergonomic problems that might have contributed to the injury. After the system was put in place, injuries brought on by repetitive stress, such as tears in the rotator cuff, straining, and lumbar compression, drastically decreased.
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Attributes |
Key Insights |
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Integrated Drive Systems Market Estimated Size (2022E) |
US$ 38.3 billion |
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Projected Market Valuation (2032F) |
US$ 57.5 billion |
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Value-based CAGR (2022 to 2032) |
4.2% |
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United States of America Value-based CAGR (2022 to 2032) |
3.0% |
Persistence Market Research (PMR) states that the global integrated drive systems market exhibited steady growth at a CAGR of 5.0% from 2017 to 2021. It is projected to showcase a CAGR of 4.2% from 2022 to 2032.
As companies look to reduce their environmental impact, integrated drive systems can help by reducing energy consumption and improving overall efficiency. There is a growing trend toward automation and digitalization in numerous industries. It is increasing integrated drive system demand as these can be easily integrated into such systems.
Integrated drive systems can improve energy efficiency. It can also reduce power consumption by optimizing interaction between the motor and the drive. By combining multiple components into a single package, integrated drive systems can reduce installation, maintenance, and repair costs.
Integrated drive systems can simplify the design and engineering process, as well as reduce the footprint of the overall system. These are also easier to install, configure, and operate than separate components, as they are designed to work together seamlessly.
Asia Pacific integrated drive systems market size was US$ 17.6 billion in 2021. It surpassed a market valuation of US$ 18.8 billion in 2022.
Asia Pacific is projected to be worth US$ 28.3 billion in 2032. It is estimated to witness exponential growth at a CAGR of 49.3% from 2022 to 2032.
Asia Pacific is a predominant manufacturing hub in the world with a significant number of industries and companies setting up their production. Demand for integrated drive systems is increasing across numerous industries, including manufacturing, energy, and transportation.
It is as a result of the quick industrialization and urbanization in nations such as China and India. Governments in the region are promoting adoption of energy-efficient technologies to meet their sustainable development goals. Hence, the market for integrated drive systems is expected to surge in the region during the assessment period.
Asia Pacific also has a significant automobile market with a prominent number of cars being sold and manufactured in the region. The region recorded around 32 million units of cars sold in 2020. It increased to around 34 million unit sales in 2021. With rising demand for cars in the region, manufacturers are optimizing their production to meet the high sales.
How is Rising Demand for Vehicles in the United States of America Propelling Need for Integrated Drive Generators?
The United States of America integrated drive systems market is expected to be worth US$ 8.6 billion by 2032. It is set to create an absolute dollar growth of US$ 2.2 billion till 2032.
The United States of America witnessed growth at a CAGR of 2.0% from 2017 to 2021. It is likely to expand at a CAGR of 3.0% from 2022 to 2032.
The United States of America is a significant manufacturing economy in the world with a combined manufacturing output of around US$ 2.4 trillion in 2021. Adoption of integrated drive systems in the manufacturing sector is due to increasing demand for energy-efficient and cost-effective industrial automation solutions in various sectors.
These include food & beverage, chemical, automotive, and mining. There is a growing focus on reducing carbon emissions and improving sustainability practices in industrial operations.
The United States of America is also a significant car manufacturer, producing around 8.8 million cars in 2020. It increased to around 9.1 million in 2021. With increasing demand for cars in the country, various car manufacturers are implementing integrated drive systems to optimize their production.
They are also striving to provide better quality by automating the manufacturing processes. Hence, with rising implementation of integrated drive systems, the market is projected to expand during the evaluation period in the country.
Would the United Kingdom Showcase Surging Sales of Integrated Driver Support Systems?
The United Kingdom integrated drive systems market is projected to be valued at US$ 1.5 billion by 2032. It is anticipated to create an incremental opportunity of US$ 351.7 million during the estimated time frame.
The United Kingdom witnessed growth at a CAGR of 0.7% from 2017 to 2021. It is expected to flourish at a CAGR of 2.6% from 2022 to 2032.
The United Kingdom is a prominent manufacturing economy in the world with a combined manufacturing output of around US$ 235 billion in 2018. It increased to around US$ 274 billion by 2021.
Integrated drive systems are being widely implemented in the country for increasing the efficiency of manufacturing facilities, as well as reducing energy costs. With growth in the manufacturing industry, demand for integrated drive systems is also projected to expand in the United Kingdom.
Would Emergence of Energy-efficient Technologies in China Push Sales of Integrated Drive Modules?
China integrated drive systems market is estimated to cross a valuation of US$ 14.7 billion by 2032. It is likely to create an absolute dollar opportunity of US$ 6.2 billion from 2022 to 2032.
The China market showcased steady growth at a CAGR of 7.1% from 2017 to 2021. It is expected to broaden at a CAGR of 5.6% from 2022 to 2032.
China is a predominant hub for manufacturing in the world with a significant number of corporations setting up their manufacturing facilities in the country. It is also a predominant car manufacturer producing around 21 million cars in 2021.
With rising demand for automobiles in the country, manufacturers are implementing energy-efficient and optimization technologies. These include integrated drive systems that are being installed within their manufacturing facilities to optimize production. Hence, with rising production capacities, demand for integrated drive systems is projected to increase.
Which Type of Offering would Dominate the Field of Integrated Drive Electronics?
The software segment is projected to witness significant growth throughout the assessment period. It showcased considerable growth at a CAGR of 4.9% from 2017 to 2021. It is likely to expand at a CAGR of 4.1% from 2022 to 2032.
Software used in integrated drive systems can be programmed to perform very specific tasks depending on requirements of the system. Software solutions such as motor control and drive control software are essential for the functioning of integrated drive systems. With rising implementation of integrated drive systems across the manufacturing industry, demand for software is projected to expand.
Which Industry Uses Integrated Motor Drive Systems the Most?
The automotive and transportation industry is projected to witness prominent growth throughout the forecast period. It exhibited steady growth at a CAGR of 4.7% from 2017 to 2021. It is expected to bolster at a CAGR of 4.0% from 2022 to 2032.
With increasing adoption of electric vehicles, there is a growing demand for integrated drive systems. These can provide efficient and reliable power to electric motors.
Integrated drive systems can further improve the overall performance of vehicles by providing better control over the powertrain. It can result in fast acceleration, smooth operation, and better handling.
As the development of autonomous vehicles continues, there is a rising need for integrated drive systems. These can provide precise control and management of the vehicle's power and propulsion systems.
Integrated drive system manufacturers are developing new and innovative products that offer unique features and capabilities to differentiate themselves from their competitors. They are also expanding their operations and distribution channels to reach new markets and customers around the world.
Several other manufacturers are focusing on developing more sustainable integrated drive systems that use environmentally-friendly materials and reduce energy consumption. A few local players are increasingly integrating digital technologies such as sensors, analytics, and machine learning algorithms to improve the performance and efficiency of their systems.
A few recent developments in the integrated drive systems market are:
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Attribute |
Details |
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Estimated Market Size (2022) |
US$ 38.3 billion |
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Projected Market Valuation (2032) |
US$ 57.5 billion |
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Value-based CAGR (2022 to 2032) |
4.2% |
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Forecast Period |
2022 to 2032 |
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Historical Data Available for |
2017 to 2021 |
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Market Analysis |
Value (US$ billion) |
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Key Regions Covered |
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Key Countries Covered |
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Key Segments Covered |
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Key Companies Profiled |
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Report Coverage |
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The global integrated drive systems industry was worth US$ 35.9 billion in 2021.
The global integrated drive systems industry reached a valuation of US$ 38.3 billion in 2022.
The global integrated drive systems industry is set to surpass a valuation of US$ 57.5 billion in 2032.
The global integrated drive systems industry witnessed a CAGR of around 5.0% over the last 4 years.
The global integrated drive systems industry is anticipated to exhibit 4.2% CAGR from 2022 to 2032.
The automotive and transportation segment by industry is expected to garner a significant value share by 2022.
Japan and South Korea integrated drive systems industries are set to exhibit CAGRs of 4.4% and 4.6%, respectively from 2022 to 2032.
