Who are they? It’s not a question of compiling the entire inventory of the sector in terms of actors and subcontractors, but there is already an ecosystem that probably weighs several billion dollars, and for some of them, it’s born and spun anyway. around the electricity market and some very discreet players nevertheless play a key role in the development of this sector.
Operating system vendors
These are, for example, designers and suppliers of software solutions, especially operating systems. While some manufacturers have integrated in-house solutions with more or less success, others have chosen to outsource the development and integration of their OS to external service providers. This is especially true for Volvo and Renault (at least for the Megane e-Tech), which rely on Google and its Android Automotive OS. We also know that Apple is working on a similar device that will likely power other brands natively after working together to implement an operating system that can’t be installed as an overlay like CarPlay. At GAFAM, we understand very well the fantastic opportunity that the automotive market presents to continue to develop our know-how in data extraction, management and redistribution. The car is an inexhaustible mine in this regard, since the car is probably one of the consumer objects that contains the most sensors.
“Vegan” interior manufacturers
The transition to the electric car is leading to new uses and greater consideration of environmental concerns, extending to animal welfare. So, following Tesla, many manufacturers are gradually adopting vegan interiors for their models as standard or optional. In this development, some existing subcontractors such as American-Japanese Ultrafabrics or Scottish Bridge of Weir have strengthened and diversified their offerings and are seeing their order books fill up, while others have recently emerged to address this particular market. With a share of innovation aimed at making electric cars even “cleaner”, there will certainly be real newcomers to this promising market, as the creation of synthetic materials from recycled products is probably a technological challenge to attract young companies. For example, the Porsche Taycan’s Race-Tex microfiber interior is decorated with Econyl, a material made primarily from recycled fishing nets.
Given the size of the market, their shares, and the unit cost of the products, which can amount to thousands of euros per car, these are certainly the ones who wring their hands the most. CATL, LG, Panasonic, Samsung, BYD, CALB… Some of the names may not mean anything to you, but each of them represents a major industry group with a common characteristic: the top 10 producers of batteries for electric vehicles are Asia, mainly China . , then Korean and Japanese. In a market that should represent $95 billion in less than a decade, the biggest beneficiaries of the electric gold rush will likely be shovel dealers. Add some startups that specialize in developing solid-state batteries, like QuantumScape or ProLogium.
BMS supplier designers
BMS (Battery Management System) is the effect of the OS for the computer on the battery. Car manufacturers, however, often outsource these specialized skills to specialized companies, some of which are very recently established, while others, such as Texas Instruments, have long maintained their position and expertise in other sectors. how in the service of car brands in terms of microprocessors and computing power. Bosch, meanwhile, is developing a new cloud service for batteries used in electric vehicles that allows users to get real-time battery status and optimize accordingly. With us, a young startup like Moba (formerly La Belle Batterie) works in the sector in SAAS mode, for individuals and professionals. A global market expected to grow from $5.56 billion in 2022 to $15.18 billion in 2029 (other sources double that, but we’re used to being wary of analyst forecasts, so let’s say it gives an idea).
Finally, we collectively include charging operators, scheduler designers, electric vehicle gearbox manufacturers (yes, you can call it Bosch) and even sound designer and other composers called for the rescue work to redefine the auditory signature of many other professions involved in the value chain of electric cars and electric vehicle design within AVAS, or:
- Energy providers that can offer electric vehicle owners tariff plans and incentives to charge their vehicles during periods of low energy consumption.
- Construction companies offering installation services of charging stations for electric cars in private and public parks.
- Technology companies offering fleet management solutions for businesses looking to use electric vehicles for business operations.
In summary, just as shovel dealers can make more money than gold prospectors by providing the products and services needed for gold mining, companies that can provide the products and services needed for electric car adoption will have a better chance of success. growing market.