Smart Electric Drive Market, By Vehicle Type (Passenger and Commercial Vehicles), By Electric Drive (Hybrid Ev, Plug-In Hybrid EV, Battery EV, and Fuel Cell Ev), By Component (Battery, Motor, Inverter System, E-Brake Booster, and Power Electronics), By Dr
Smart Electric Drive Market, By Vehicle Type (Passenger and Commercial Vehicles), By Electric Drive (Hybrid Ev, Plug-In Hybrid EV, Battery EV, and Fuel Cell Ev), By Component (Battery, Motor, Inverter System, E-Brake Booster, and Power Electronics), By Drive Type (Front Wheel Drive , Rear Wheel Drive, and All-Wheel Drive), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)
The global smart electric drive market has been witnessing significant growth over the past few years owing to the increasing demand for fuel-efficient and environment-friendly vehicles. Technological advancements in electric motors and growing concerns about vehicular emissions are supporting the adoption of electric drive systems in automobiles. Various automakers are focusing on developing hybrid and electric vehicles integrated with smart electric drive technologies. This is expected to help reduce dependency on conventional internal combustion engines. Moreover, stringent government regulations regarding carbon emissions from vehicles and provision of subsidies on electric vehicle purchase are favoring the smart electric drive market growth. However, high development costs of these systems remains a major challenge.
Market Dynamics:
The key drivers contributing to the growth of the global smart electric drive market include rising demand for fuel-efficient vehicles, stringent emission norms, and supportive government policies & regulations regarding the usage of electric vehicles. Moreover, advancements in power electronics and the development of high-performance electric motors are expanding the potential applications of smart electric drive systems. On the other hand, high developmental costs of these systems and lack of standardization are some of the major factors hindering the market growth. However, the increasing penetration of hybrid vehicles integrated with smart technologies as well as the growing demand for zero-emission vehicles present new opportunities in the coming years.
Key Features of the Study:
This report provides an in-depth analysis of the global smart electric drive market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2024–2031, considering 2023 as the base year
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global smart electric drive market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include ABB, Aisin Corporation, Allison Transmission, Borgwarner, Bosch, Continental Ag, Dana, Denso, GKN (Melrose), Hexagon AB, Hitachi, Huayu Automotive Electric System, Hyundai Mobis, Infineon Technologies, Jatco, Jing-Jin Electric Technologies, LG Electronics, Magna International, Mahle, Meidensha Corporation, Meritor, Nidec Corporation, Shanghai Automotive Smart Electric Drive, Siemens AG, Smesh E-Axle, and ZF Group.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global smart electric drive market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Detailed Segmentation-
By Vehicle Type
Passenger
Commercial Vehicles
By Electric Drive
Hybrid Ev
Plug-in Hybrid EV
Battery EV
Fuel Cell EV
By Component
Battery
Motor
Inverter System
E-Brake Booster
Power Electronics
By Drive Type
Front Wheel Drive
Rear Wheel Drive
All-wheel Drive
By Regional
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Key Players Insights
ABB
Aisin Corporation
Allison Transmission
Borgwarner
Bosch
Continental Ag
Dana
Denso
GKN (Melrose)
Hexagon AB
Hitachi
Huayu Automotive Electric System
Hyundai Mobis
Infineon Technologies
Jatco
Jing-Jin Electric Technologies
LG Electronics
Magna International
Mahle
Meidensha Corporation
Meritor
Nidec Corporation
Shanghai Automotive Smart Electric Drive
Siemens AG
Smesh E-Axle
ZF Group
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snapshot, By Vehicle Type
Market Snapshot, By Electric Drive
Market Snapshot, By Component
Market Snapshot, By Drive Type
Market Snapshot, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Opportunities
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER’s Analysis
Merger and Acquisition Scenario
4. Global Smart Electric Drive Market – Impact of Coronavirus (COVID-19) Pandemic
COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact
5. Global Smart Electric Drive Market, By Vehicle Type, 2019-2031, (USD Bn)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2019-2031
Segment Trends
Passenger
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Commercial Vehicles
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
6. Global Smart Electric Drive Market, By Electric Drive, 2019-2031, (USD Bn)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2019-2031
Segment Trends
Hybrid EV
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Plug-in Hybrid EV
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Battery EV
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Fuel Cell EV
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
7. Global Smart Electric Drive Market, By Component, 2019-2031, (USD Bn)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2019-2031
Segment Trends
Battery
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Motor
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Inverter System
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
E-Brake Booster
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Power Electronics
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
8. Global Smart Electric Drive Market, By Drive Type, 2019-2031, (USD Bn)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2019-2031
Segment Trends
Front Wheel Drive
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Rear Wheel Drive
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
All-wheel Drive
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
9. Global Smart Electric Drive Market, By Region, 2019-2031, (USD Bn)
Introduction
Market Share Analysis, By Region, 2024 and 2031 (%)
Y-o-Y Growth Analysis, By Region, 2019-2031
North America
Regional Trends
Market Size and Forecast, By Vehicle Type, 2019 - 2031 (USD Billion)
Market Size and Forecast, By Electric Drive, 2019 - 2031 (USD Billion)
Market Size and Forecast, By Component, 2019 - 2031 (USD Billion)
Market Size and Forecast, By Drive Type, 2019 - 2031 (USD Billion)
Market Share Analysis, By Country, 2024 and 2031 (%)
U.S.
Canada
Europe
Regional Trends
Market Size and Forecast, By Vehicle Type, 2019 - 2031 (USD Billion)
Market Size and Forecast, By Electric Drive, 2019 - 2031 (USD Billion)
Market Size and Forecast, By Component, 2019 - 2031 (USD Billion)
Market Size and Forecast, By Drive Type, 2019 - 2031 (USD Billion)
Market Share Analysis, By Country, 2024 and 2031 (%)
U.K.
Germany
France
Italy
Russia
Rest of Europe
Asia Pacific
Regional Trends
Market Size and Forecast, By Vehicle Type, 2019 - 2031 (USD Billion)
Market Size and Forecast, By Electric Drive, 2019 - 2031 (USD Billion)
Market Size and Forecast, By Component, 2019 - 2031 (USD Billion)
Market Size and Forecast, By Drive Type, 2019 - 2031 (USD Billion)
Market Share Analysis, By Country, 2024 and 2031 (%)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Latin America
Regional Trends
Market Size and Forecast, By Vehicle Type, 2019 - 2031 (USD Billion)
Market Size and Forecast, By Electric Drive, 2019 - 2031 (USD Billion)
Market Size and Forecast, By Component, 2019 - 2031 (USD Billion)
Market Size and Forecast, By Drive Type, 2019 - 2031 (USD Billion)
Market Share Analysis, By Country, 2024 and 2031 (%)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East & Africa
Regional Trends
Market Size and Forecast, By Vehicle Type, 2019 - 2031 (USD Billion)
Market Size and Forecast, By Electric Drive, 2019 - 2031 (USD Billion)
Market Size and Forecast, By Component, 2019 - 2031 (USD Billion)
Market Size and Forecast, By Drive Type, 2019 - 2031 (USD Billion)
Market Share Analysis, By Country/Sub-region, 2024 and 2031 (%)
South Africa
GCC Countries
Rest of the Middle East & Africa
10. Competitive Landscape
Company Profiles
ABB
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Aisin Corporation
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Allison Transmission
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Borgwarner
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Bosch
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Continental Ag
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Dana
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Denso
GKN (Melrose)
Hexagon AB
Hitachi
Huayu Automotive Electric System
Hyundai Mobis
Infineon Technologies
Jatco
Jing-Jin Electric Technologies
LG Electronics
Magna International
Mahle
Meidensha Corporation
Meritor
Nidec Corporation
Shanghai Automotive Smart Electric Drive
Siemens AG
Smesh E-Axle
ZF Group
11. Wheel of Fortune
Wheel of Fortune
Analyst View
Coherent Opportunity Map
12. Section:
Research Methodology
About Us
*Browse 24 market data tables and 28 figures on Global Smart Electric Drive Market” - Global forecast to 2031