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
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
List of Figures- EV Digital P&S: EV Digital Services—Outline, Global, 2022
- EV Digital P&S: EV Digital Products—Outline, Global, 2022
- EV Digital P&S: EV Digital Businesses by Main OEMs, Global, 2022
- EV Digital P&S: EV Digital P&S by Main OEMs, Global, 2022
- EV Digital P&S: Participants, Global, 2022
- EV Digital P&S: Growth Drivers, Global, 2022–2028
- EV Digital P&S: Growth Restraints, Global, 2022–2028
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| Deliverable Type | Market Research |
|---|---|
| Author | Prajyot Sathe |
| Industries | Automotive |
| No Index | No |
| Is Prebook | No |
| List of Charts and Figures | EV Digital P&S: EV Digital Services—Outline, Global, 2022~ EV Digital P&S: EV Digital Products—Outline, Global, 2022~ EV Digital P&S: EV Digital Businesses by Main OEMs, Global, 2022~ EV Digital P&S: EV Digital P&S by Main OEMs, Global, 2022~ EV Digital P&S: Participants, Global, 2022~ EV Digital P&S: Growth Drivers, Global, 2022–2028~ EV Digital P&S: Growth Restraints, Global, 2022–2028~ |
| Podcast | No |
| WIP Number | K824-01-00-00-00 |
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