The standardization of road vehicles is based on several international, regional, and national regulations and directives. The main requirement is that cars adhere to the UNECE (United Nations Economic Commission for Europe) rules as defined by its World Forum for Harmonization of Vehicle Regulations (UNECE WP.29). The majority of countries recognize the UNECE regulations and incorporate them into their national requirements. Many of these are for equipment that is powered by electrical or electronic systems.

The article cited AMA's "Global Automotive Electric Motors Market Study" explored CAGR of 6.6%. According to the report, Availability of Innovative Features such as LED Light Battery Indicator which Shows the Percentage Battery is one of the primary growth factors for the market. Provide Insights about Factors Affecting the Market Growth is also expected to contribute significantly to the Automotive Electric Motors market. Overall, Passenger Cars applications of Automotive Electric Motors, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Function, such as Small Sized Automotive Electric Motors, is boosting the Automotive Electric Motors market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Installation Position, such as Body Motors, is boosting the Automotive Electric Motors market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Distribution Channel, such as OEM’s, is boosting the Automotive Electric Motors market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Vehicle Type, such as Hybrid Electric Vehicle, is boosting the Automotive Electric Motors market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global Automotive Electric Motors market identified that the demand is rising in many different parts of the world as "Rising Technological Developments of Automotive Electric Motors". Furthermore, some recent industry insights like "On 5th June 2022, PMV Electric intends to introduce its first micro-electric vehicle, the EaS-E, in India. This EV is expected to cost around Rs 4 lakh ex-showroom and has a driving range of up to 200 kilometers per charge." which is constantly making the industry very dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Automotive Electric Motors market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Automotive Electric Motors market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Automotive Electric Motors market size is calculated using market estimation process, the Automotive Electric Motors market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Automotive Electric Motors market size has been validated using both top-down and bottom-up approaches.