Market Overview:
The global smart electric drive market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric vehicles, rising awareness about environment-friendly technologies, and government initiatives and subsidies for the adoption of electric vehicles. The global smart electric drive market can be segmented on the basis of type into front wheel smart electric drive, rear wheel smart electric drive, and all wheel smart electric drive. On the basis of application, the market can be segmented into passenger vehicles and commercial vehicles. The passenger vehicle segment is expected to account for a larger share of the global Smart Electric Drive Market duringthe forecast period owing to rising demand for eco-friendly cars across different regions. Geographically,the global Smart Electric Drive Market can be dividedinto North America, Latin America, Europe Asia Pacificand Middle East & Africa .
Product Definition:
A smart electric drive is an electric drive system that uses a controller to manage the power delivered to the electric motor. It can provide smoother acceleration and regenerative braking, which can recapture energy from braking to recharge the battery. A smart electric drive system is important because it can improve fuel economy and reduce emissions.
Front Wheel Smart Electric Drive:
The global market for Front Wheel Smart Electric Drive (FWSED) is expected to witness significant growth over the forecast period owing to increasing demand for vehicles with improved driving dynamics and fuel economy. FWSED utilizes electric power train with the help of a small engine which acts as a generator, this helps in improving vehicle efficiency by reducing combustion temperatures and thus reduces fuel consumption. The technology has gained popularity owing to its capability of providing enhanced handling characteristics along with better performance in adverse weather conditions.
Rear Wheel Smart Electric Drive:
Rear wheel smart electric drive is a technology that uses the energy captured from the wheel to power the vehicle. It utilizes an electrical motor connected to a reduction gear, which drives the rear wheels. The system works on electricity and battery and hence there are no conventional engine components like chains or belts involved in its functioning.
Application Insights:
The passenger vehicles segment dominated the global smart electric drive market in 2017 and is expected to maintain its dominance over the forecast period. The increasing number of automotive manufacturers in China, Japan and Germany are contributing significantly to the growth of this segment. For instance, Nissan LEAF is one of the most popular all-electric cars manufactured by Nissan Motor Co., Ltd. since 2010 which has been distributed globally. Around 80% of total production was sold outside Japan; thus proving that EVs can be sold at a lower cost than their combustion engine counterparts in countries like China, where electricity costs are relatively low when compared with other regions.
The commercial vehicles segment is also expected to witness significant growth over the forecast period owing to increased government funding for promoting electric vehicle adoption across public transport systems such as buses and trains which constitute around 90% of commercial transportation worldwide according to data published by IEA EVPCT).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The region accounted for a share of more than 30% in 2017 owing to increasing penetration of electric vehicles in China and Japan. Moreover, countries such as India, Singapore, and Australia are also adopting EVs at a faster pace due to various incentives provided by the government. This has led to an increase in demand for components such as batteries that consume significant amount of energy during charging process.
Europe was valued at USD X million in 2017 and is anticipated to witness considerable growth over the forecast period owing to stringent regulations imposed on carbon emissions by governments across Europe Union countries including Germany, France, Italy etc., which have been observed as one of the key contributors towards global warming since 1850s (Carbon Emissions).
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 14% during the forecast period. This is mainly due to the increasing awareness about the benefits of electric vehicles over traditional gasoline-powered cars, such as lower emissions and fuel costs.
- Government initiatives and subsidies: Governments around the world are promoting the adoption of electric vehicles through various initiatives and subsidies. For instance, China offers a subsidy of up to ,000 for each electric vehicle purchase. This is expected to drive growth in the Smart Electric Drive market during the forecast period.
- Development of charging infrastructure: The development of charging infrastructure is essential for widespread adoption of electric vehicles. Governments and private players are investing heavily in developing charging infrastructure across different geographies. This is expected to boost growth in the Smart Electric Drive market during the forecast period.
- . Advancements in technology: Rapid advancements in technology are enabling manufacturers to develop better performing and affordable smart electric drives systems..This is likely to spur growth in th5e Smart Electric Drive market duringthe forecastperiod 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Electric Drive Market Research Report
By Type
Front Wheel Smart Electric Drive, Rear Wheel Smart Electric Drive, All Wheel Smart Electric Drive
By Application
Passenger Vehicles, Commercial Vehicles
By Companies
GKN, Magna, Continental, Siemens, Schaeffler, ZF, Mahle, Robert Bosch, Borgwarner, Hitachi, GKN, Aisin Seiki, Infineon
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
181
Number of Tables & Figures
127
Customization Available
Yes, the report can be customized as per your need.
Global Smart Electric Drive Market Report Segments:
The global Smart Electric Drive market is segmented on the basis of:
Types
Front Wheel Smart Electric Drive, Rear Wheel Smart Electric Drive, All Wheel Smart Electric Drive
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Vehicles, Commercial Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GKN
- Magna
- Continental
- Siemens
- Schaeffler
- ZF
- Mahle
- Robert Bosch
- Borgwarner
- Hitachi
- GKN
- Aisin Seiki
- Infineon
Highlights of The Smart Electric Drive Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Front Wheel Smart Electric Drive
- Rear Wheel Smart Electric Drive
- All Wheel Smart Electric Drive
- By Application:
- Passenger Vehicles
- Commercial Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Electric Drive Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Smart Electric Drive is a technology that uses electric power to help vehicles move. It can improve fuel efficiency and reduce emissions by helping the vehicle use less energy.
Some of the key players operating in the smart electric drive market are GKN, Magna, Continental, Siemens, Schaeffler, ZF, Mahle, Robert Bosch, Borgwarner, Hitachi, GKN, Aisin Seiki, Infineon.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Electric Drive Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Smart Electric Drive Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Electric Drive Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Smart Electric Drive Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Smart Electric Drive Market Size & Forecast, 2018-2028
4.5.1 Smart Electric Drive Market Size and Y-o-Y Growth
4.5.2 Smart Electric Drive Market Absolute $ Opportunity
Chapter 5 Global Smart Electric Drive Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Smart Electric Drive Market Size Forecast by Type
5.2.1 Front Wheel Smart Electric Drive
5.2.2 Rear Wheel Smart Electric Drive
5.2.3 All Wheel Smart Electric Drive
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Smart Electric Drive Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Smart Electric Drive Market Size Forecast by Applications
6.2.1 Passenger Vehicles
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Electric Drive Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Smart Electric Drive Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Smart Electric Drive Analysis and Forecast
9.1 Introduction
9.2 North America Smart Electric Drive Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Smart Electric Drive Market Size Forecast by Type
9.6.1 Front Wheel Smart Electric Drive
9.6.2 Rear Wheel Smart Electric Drive
9.6.3 All Wheel Smart Electric Drive
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Smart Electric Drive Market Size Forecast by Applications
9.10.1 Passenger Vehicles
9.10.2 Commercial Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Smart Electric Drive Analysis and Forecast
10.1 Introduction
10.2 Europe Smart Electric Drive Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Smart Electric Drive Market Size Forecast by Type
10.6.1 Front Wheel Smart Electric Drive
10.6.2 Rear Wheel Smart Electric Drive
10.6.3 All Wheel Smart Electric Drive
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Smart Electric Drive Market Size Forecast by Applications
10.10.1 Passenger Vehicles
10.10.2 Commercial Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Smart Electric Drive Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Smart Electric Drive Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Smart Electric Drive Market Size Forecast by Type
11.6.1 Front Wheel Smart Electric Drive
11.6.2 Rear Wheel Smart Electric Drive
11.6.3 All Wheel Smart Electric Drive
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Smart Electric Drive Market Size Forecast by Applications
11.10.1 Passenger Vehicles
11.10.2 Commercial Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Smart Electric Drive Analysis and Forecast
12.1 Introduction
12.2 Latin America Smart Electric Drive Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Smart Electric Drive Market Size Forecast by Type
12.6.1 Front Wheel Smart Electric Drive
12.6.2 Rear Wheel Smart Electric Drive
12.6.3 All Wheel Smart Electric Drive
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Smart Electric Drive Market Size Forecast by Applications
12.10.1 Passenger Vehicles
12.10.2 Commercial Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Smart Electric Drive Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Smart Electric Drive Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Smart Electric Drive Market Size Forecast by Type
13.6.1 Front Wheel Smart Electric Drive
13.6.2 Rear Wheel Smart Electric Drive
13.6.3 All Wheel Smart Electric Drive
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Smart Electric Drive Market Size Forecast by Applications
13.10.1 Passenger Vehicles
13.10.2 Commercial Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Smart Electric Drive Market: Competitive Dashboard
14.2 Global Smart Electric Drive Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GKN
14.3.2 Magna
14.3.3 Continental
14.3.4 Siemens
14.3.5 Schaeffler
14.3.6 ZF
14.3.7 Mahle
14.3.8 Robert Bosch
14.3.9 Borgwarner
14.3.10 Hitachi
14.3.11 GKN
14.3.12 Aisin Seiki
14.3.13 Infineon
