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Global Smart E-Drive Market to reach USD xxx billion by the end of 2030.

Global Smart E-Drive Market Size study & Forecast, by Components (Battery, Motor generator, Power electronics, E-Brake booster), by Application (E-Axle Market, Wheel drive market), by Drive type (Front wheel smart electric drive, Rear wheel smart electric drive, All wheel smart electric drive), by Battery type (Lithium-ion, Nickel-based, Lead acid, Solid state batter), by Vehicle type and Regional Analysis, 2023-2030

Product Code: ALTST-66430104
Publish Date: 20-12-2023
Page: 200

Global Smart E-Drive Market is valued at approximately USD xxx billion in 2022 and is anticipated to grow with a healthy growth rate of more than xxx over the forecast period 2023-2030. Smart E-Drive is an upgraded electric drive system that uses a battery for power and incorporates brushless DC motor technology. Its compact design combines the electric motor, power electronics, and control systems into a single assembly. The electric engine is positioned at the rear, occupying the same location as a traditional combustion engine in a regular vehicle. The Smart E-Drive Market is experiencing rapid growth due to the surging sales of electric vehicles. Also, government regulations focused on emissions are also driving market expansion. Smart E-Drive systems offer advantages such as cost-effectiveness, noise reduction, lower maintenance costs, reduced vibration, instant torque, and higher efficiency compared to conventional vehicles.

The growing popularity of electric vehicles is fueling the demand for advanced electric drive systems such as Smart E-Drive. The need for efficient energy conversion, enhanced vehicle performance, and advanced functionalities is propelling the development and production of Smart E-Drive technologies. According to the iea.org in 2022, electric car sales soared, nearly doubling from the previous year to reach a record high of 6.6 million in 2021, accounting for approximately 9% of total sales. This brought the total number of electric cars on the road to 16.5 million. The sales share of electric cars increased by 4 percentage points in 2021. By 2030, it is projected that the electric car fleet exceed 300 million, with electric cars representing 60% of new car sales. Additionally, growing technological advancement provide lucrative opportunity for the market. However, the high cost of Smart E-Drive stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Smart E-Drive Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Europe dominated the market in 2022 owing to the supportive government incentives and grants for electric vehicles that have led to a surge in their adoption, driving the demand for smart electric drives. Also, stricter emission regulations in the European Union have also prompted buyers to shift towards advanced EVs. According to the International Energy Agency in 2021, Europe witnessed the highest growth in EV sales in 2020, with new registrations surpassing 1.4 million, indicating a significant market expansion. Asia Pacific is expected to grow significantly over the forecast period, owing to the key manufacturers establishing EV manufacturing units in these regions to capitalize on early revenue growth opportunities, boosting the demand for smart e-drives in APAC. Additionally, factors such as emission regulations, rising fuel prices, and the potential introduction of scrapping policies for conventional vehicles in developing APAC countries are anticipated to contribute to market growth in the coming years.

Major market player included in this report are:
Magna International Inc.
ZF Friedrichshafen AG
AISIN SEIKI Co. Ltd.
HYUNDAI MOBIS
Continental AG
Siemens AG
GKN PLC
Hitachi Ltd.
Robert Bosch GmbH
Schaeffler AG.

Recent Developments in the Market:

Ø In August 2021, ZF Friedrichshafen AG revealed its plans to launch the next-generation e-mobility products, including the ZF AxTrax electric axle, in the commercial vehicle market of North America. The company aims to roll out these innovative solutions by 2023, targeting the growing demand for electric mobility in the region.
Ø In February 2021, Tesla Inc. chose the southern Indian state of Karnataka as the location for its inaugural manufacturing facility in India. This move by the electric car manufacturer signifies its expansion into emerging economies and highlights its commitment to establishing a presence in the Indian market, which has significant potential for electric vehicle adoption.

Global Smart E-Drive Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Components, Application, Drive Type, Battery Type, Vehicle Type, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Components:
Battery
Motor generator
Power electronics
E-Brake booster
By Application:
E-Axle Market
Wheel drive market
By Drive Type:
Front wheel smart electric drive
Rear wheel smart electric drive
All wheel smart electric drive
By Battery Type:
Lithium-ion
Nickel-based
Lead acid
Solid state batter
By Vehicle Type:
Passenger vehicle
Commercial vehicle
By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Smart E-Drive Market, by Region, 2020-2030 (USD Billion)
1.2.2. Smart E-Drive Market, by Components, 2020-2030 (USD Billion)
1.2.3. Smart E-Drive Market, by Application, 2020-2030 (USD Billion)
1.2.4. Smart E-Drive Market, by Drive Type, 2020-2030 (USD Billion)
1.2.5. Smart E-Drive Market, by Battery Type, 2020-2030 (USD Billion)
1.2.6. Smart E-Drive Market, by Vehicle Type, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Smart E-Drive Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Smart E-Drive Market Dynamics
3.1. Smart E-Drive Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Increasing sales of electric vehicles
3.1.1.2. Growing Government regulations focused on emissions

3.1.2. Market Challenges
3.1.2.1. High Cost of Smart E-Drive
3.1.3. Market Opportunities
3.1.3.1. Growing demand for EVs
3.1.3.2. Emergence of eco-friendly vehicles
3.1.3.3. Increasing focus on fuel efficiency
Chapter 4. Global Smart E-Drive Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Smart E-Drive Market, by Components
5.1. Market Snapshot
5.2. Global Smart E-Drive Market by Components, Performance – Potential Analysis
5.3. Global Smart E-Drive Market Estimates & Forecasts by Components 2020-2030 (USD Billion)
5.4. Smart E-Drive Market, Sub Segment Analysis
5.4.1. Battery
5.4.2. Motor generator
5.4.3. Power electronics
5.4.4. E-Brake booster
Chapter 6. Global Smart E-Drive Market, by Application
6.1. Market Snapshot
6.2. Global Smart E-Drive Market by Application, Performance – Potential Analysis
6.3. Global Smart E-Drive Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Smart E-Drive Market, Sub Segment Analysis
6.4.1. E-Axle Market
6.4.2. Wheel drive market
Chapter 7. Global Smart E-Drive Market, by Drive Type
7.1. Market Snapshot
7.2. Global Smart E-Drive Market by Drive Type, Performance – Potential Analysis
7.3. Global Smart E-Drive Market Estimates & Forecasts by Drive Type 2020-2030 (USD Billion)
7.4. Smart E-Drive Market, Sub Segment Analysis
7.4.1. Front wheel smart electric drive
7.4.2. Rear wheel smart electric drive
7.4.3. All wheel smart electric drive
Chapter 8. Global Smart E-Drive Market, by Battery Type
8.1. Market Snapshot
8.2. Global Smart E-Drive Market by Battery Type, Performance – Potential Analysis
8.3. Global Smart E-Drive Market Estimates & Forecasts by Battery Type 2020-2030 (USD Billion)
8.4. Smart E-Drive Market, Sub Segment Analysis
8.4.1. Lithium-ion
8.4.2. Nickel-based
8.4.3. Lead acid
8.4.4. Solid state batter
Chapter 9. Global Smart E-Drive Market, by Vehicle Type
9.1. Market Snapshot
9.2. Global Smart E-Drive Market by Vehicle Type, Performance – Potential Analysis
9.3. Global Smart E-Drive Market Estimates & Forecasts by Vehicle Type 2020-2030 (USD Billion)
9.4. Smart E-Drive Market, Sub Segment Analysis
9.4.1. Passenger vehicle
9.4.2. Commercial vehicle
Chapter 10. Global Smart E-Drive Market, Regional Analysis
10.1. Top Leading Countries
10.2. Top Emerging Countries
10.3. Smart E-Drive Market, Regional Market Snapshot
10.4. North America Smart E-Drive Market
10.4.1. U.S. Smart E-Drive Market
10.4.1.1. Components breakdown estimates & forecasts, 2020-2030
10.4.1.2. Application breakdown estimates & forecasts, 2020-2030
10.4.1.3. Drive Type breakdown estimates & forecasts, 2020-2030
10.4.1.4. Battery Type breakdown estimates & forecasts, 2020-2030
10.4.1.5. Vehicle Type breakdown estimates & forecasts, 2020-2030
10.4.2. Canada Smart E-Drive Market
10.5. Europe Smart E-Drive Market Snapshot
10.5.1. U.K. Smart E-Drive Market
10.5.2. Germany Smart E-Drive Market
10.5.3. France Smart E-Drive Market
10.5.4. Spain Smart E-Drive Market
10.5.5. Italy Smart E-Drive Market
10.5.6. Rest of Europe Smart E-Drive Market
10.6. Asia-Pacific Smart E-Drive Market Snapshot
10.6.1. China Smart E-Drive Market
10.6.2. India Smart E-Drive Market
10.6.3. Japan Smart E-Drive Market
10.6.4. Australia Smart E-Drive Market
10.6.5. South Korea Smart E-Drive Market
10.6.6. Rest of Asia Pacific Smart E-Drive Market
10.7. Latin America Smart E-Drive Market Snapshot
10.7.1. Brazil Smart E-Drive Market
10.7.2. Mexico Smart E-Drive Market
10.8. Middle East & Africa Smart E-Drive Market
10.8.1. Saudi Arabia Smart E-Drive Market
10.8.2. South Africa Smart E-Drive Market
10.8.3. Rest of Middle East & Africa Smart E-Drive Market

Chapter 11. Competitive Intelligence
11.1. Key Company SWOT Analysis
11.1.1. Company 1
11.1.2. Company 2
11.1.3. Company 3
11.2. Top Market Strategies
11.3. Company Profiles
11.3.1. Magna International Inc.
11.3.1.1. Key Information
11.3.1.2. Overview
11.3.1.3. Financial (Subject to Data Availability)
11.3.1.4. Product Summary
11.3.1.5. Recent Developments
11.3.2. ZF Friedrichshafen AG
11.3.3. AISIN SEIKI Co. Ltd.
11.3.4. HYUNDAI MOBIS
11.3.5. Continental AG
11.3.6. Siemens AG
11.3.7. GKN PLC
11.3.8. Hitachi Ltd.
11.3.9. Robert Bosch GmbH
11.3.10. Schaeffler AG.
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

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Data Collection:
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Data Analysis:
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To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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