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Opportunity Analysis of EV Digital Products and Services
Opportunity Analysis of EV Digital Products and Services
Mega Trend of Industry Convergence (EV and Energy) and New Business Models, such as EaaS, BaaS, and CaaS
30-Dec-2022
North America
Market Research
Description
The electric vehicle (EV) market is growing rapidly and impacting the energy market and associated services. As OEMs integrate more software-defined solutions into EVs, a potential market for digital products and services (P&S) exists. EV-dedicated digital P&S allows key participants to continuously monetize these solutions through new revenue models. In terms of a broader classification, EV digital services can offer solutions for charging, energy management, vehicles, value-added services (VAS), and eCommerce opportunities. EV digital products can cover one or more of the sub-services and functions under these service classifications. Digital products can be broadly classified into 3 types: stand-alone products, platforms, and white-label platforms, which cover software or software + hardware; they can be further monetized through new business models, such as platform-as-a-service (PaaS), software-as-a-service (SaaS), and hardware-as-a-service (HaaS). Major global OEMs, including GM, Ford, Stellantis, Tesla, and Hyundai Motor Group (HMG), are creating dedicated business divisions for EV-related and new energy businesses, further enhancing the importance of strong EV digital product portfolios. Market opportunities for EV digital P&S range from OEMs and end customers to charging business companies, energy service providers, mobility and fleet operators, and repurposing or recycling companies.
In this study, Frost & Sullivan identifies about 36 EV digital P&S; it observes that it is a highly competitive market with more than 200 participants. The study also covers functions and sub-functions of EV digital P&S and highlights market opportunities for each. The more services, functions, and sub-functions a digital product covers, the higher its value addition and monetization prospects.
Author: Anu Jose
Table of Contents
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Electric Vehicle (EV) Digital Products and Services (P&S) Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
EV Digital Services: Outline
EV Digital Products: Outline
EV Digital Businesses by Main OEMs
EV Digital P&S by Main OEMs
EV Digital P&S: Participants
Growth Drivers
Growth Restraints
Main Findings
How to Read the Following Slides
Charging
Charging (continued)
Charging (continued)
Charging (continued)
Charging (continued)
Energy Management
Energy Management (continued)
Energy Management: Smart Charging
Energy Management: Smart Charging (continued)
Energy Management: V2X
Energy Management: V2X (continued)
Energy Management: EaaS
Energy Management: EaaS (continued)
Vehicle
Vehicle (continued)
Vehicle: Battery
Vehicle: Battery (continued)
Vehicle: Battery (continued)
Vehicle: Electric Drive/Power Electronics
Vehicle: Electric Drive/Power Electronics (continued)
Vehicle: Navigation/IVI
VASs
VASs (continued)
VASs: Insurance
VASs: Maintenance
VASs: ODF/Subscription
VASs: ODF/Subscription (continued)
VASs: ODF/Subscription (continued)
VASs: Subscription
VASs: Subscription (continued)
eCommerce
eCommerce: Marketplace
eCommerce: Marketplace (continued)
eCommerce: Marketplace (continued)
eCommerce: Online Shop
Growth Opportunity 1: Entry of Energy Services into New Mobility
Growth Opportunity 1: Entry of Energy Services into New Mobility (continued)
Growth Opportunity 2: Innovation in Cloud-enabled IoT and Data Analytics
Growth Opportunity 2: Innovation in Cloud-enabled IoT and Data Analytics (continued)
Growth Opportunity 3: Advancement in BMSs and Power Electronics of EVs
Growth Opportunity 3: Advancement in BMSs and Power Electronics of EVs (continued)
Abbreviations and Acronyms Used
List of Exhibits
Legal Disclaimer
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Popular Topics
| Deliverable Type | Market Research |
|---|---|
| Author | Prajyot Sathe |
| Industries | Automotive |
| No Index | No |
| Is Prebook | No |
| Podcast | No |
| WIP Number | K824-01-00-00-00 |