Driveline Market for Electric and Hybrid Vehicles worth 63.32 billion USD by 2025, at a CAGR of 16.92%
The driveline market for electric and hybrid vehicles is projected to grow from USD 18.14 Billion in 2017 to USD 63.32 Billion by 2025, at a CAGR of 16.92%.
The market is projected to grow due to key reasons such as increasing demand for electric and hybrid vehicle and advancement in driveline technologies such as E-CVT and E-axle.
In power electronics, power control unit (PCU) is expected to...