Electric Mobility Market Analysis

Product (Electric Car, Electric Motorcycle, Electric Scooter, Electric Bike)

The electric car segment is expected to account for 40% of the global e-mobility market by 2037. Owing to an upsurge in the huge utilization of vehicle telematics, there has been a significant factor that is estimated to provide lucrative opportunities for the growth of the segment over the coming years. Electric vehicles are more popular owing to their battery efficiency and prevention of combustion of fuel gas. The increasing adoption of self-driven vehicles is also estimated to have a positive impact on the growth of the market segment in the coming years.

Battery (Sealed Lead Acid, NiMH, Li-ion)

The Li-ion segment is expected to garner a significant share during the time period between 2023-2037. These are the smallest and high-capacity batteries with wireless charging support. The deterioration process during charging and discharging is less in these batteries compared to other lithium-ion batteries. These Li-ion batteries can even withstand the problem of self-discharge issues. The increasing use of smartphones and digitalized devices is estimated to boost the market segment growth during the forecast period. The global mobile sales in e-commerce in the year 2021 as per the estimations was approximately USD 4 trillion.

Our in-depth analysis of the global market includes the following segments: