Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Smart Electric Drive Market to reach USD 2472.25 million by 2027.

Global Smart Electric Drive Market Size study, by Vehicle Type (BEV, HEV, PHEV, Electric Bus, Truck), Component (Power Electronics, E-Brake Booster, Inverter, Motor, Battery), Application (E-Axle, Wheel Drive), Drive (FWD, RWD, AWD) and Regional Forecasts 2020-2027

Product Code: ALATAE_66120523
Publish Date: 5-11-2020
Page: 200

Global Smart Electric Drive Market is valued approximately USD 252.51 million in 2019 and is anticipated to grow with a healthy growth rate of more than 33 % over the forecast period 2020-2027. A smart electric Drive is an integrated version of the conventional electric drive system. the smart electric drive uses battery as a power source and provides direct transmission in the vehicle offering smooth and safe drive on the road. The system includes a battery, electric brake booster, motor generator and power booster. Growing demand for electric vehicles drives the market for smart electric drive. As per Company sources the Smart Fortwo electric Drive sales in US increased from 544 units in 2017 to 1219 units in 2018. Further implementation of stringent government norms regarding emissions and growing awareness regarding environmental protection augments the market growth. Also, supportive initiatives from the government targeted towards higher adoption of electric vehicles such as subsidies on purchases and exchange offers on fossil fuel cars fosters the market growth. Moreover, growing electric charging infrastructure supports the market growth. As Thethe ICCT report stated a minimum of 100 thousand public and workplace chargers to be built across 100 metro areas to help the 2.6 million new EV and plug-in hybrids on the roads which will require an investment of more than USD 2.2 billion in charging infrastructure in the US. However, High cost and low mileage impedes the growth of the market over the forecast period of 2020-2027. Although, increasing built in functionalities and higher torque generation presents a lucrative opportunity for the market.

The regional analysis of global Smart Electric Drive market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the presence of major market players and rising adoption of electric vehicles. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as supporting government initiatives would create lucrative growth prospects for the Smart Electric Drive market across Asia-Pacific region.

Major market player included in this report are:
Siemens AG
Robert Bosch
ZF Friedrichshafen
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 eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available 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 Vehicle Type:
Electric Bus
By Component:
Power Electronics
E-Brake Booster
By Application:
Wheel Drive
By Drive:
Front Wheel Drive
Rear Wheel Drive
All Wheel Drive

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Smart Electric Drive Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Smart Electric Drive Market, by Region, 2018-2027 (USD Billion)
1.2.2. Smart Electric Drive Market, by Vehicle Type, 2018-2027 (USD Billion)
1.2.3. Smart Electric Drive Market, by Component, 2018-2027 (USD Billion)
1.2.4. Smart Electric Drive Market, by Application, 2018-2027 (USD Billion)
1.2.5. Smart Electric Drive Market, by Drive, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Smart Electric Drive Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Smart Electric Drive Market Dynamics
3.1. Smart Electric Drive Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Smart Electric 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
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Smart Electric Drive Market, by Vehicle Type
5.1. Market Snapshot
5.2. Global Smart Electric Drive Market by Vehicle Type, Performance – Potential Analysis
5.3. Global Smart Electric Drive Market Estimates & Forecasts by Vehicle Type 2017-2027 (USD Billion)
5.4. Smart Electric Drive Market, Sub Segment Analysis
5.4.1. BEV
5.4.2. HEV
5.4.3. PHEV
5.4.4. Electric Bus
5.4.5. Truck
Chapter 6. Global Smart Electric Drive Market, by Component
6.1. Market Snapshot
6.2. Global Smart Electric Drive Market by Component, Performance – Potential Analysis
6.3. Global Smart Electric Drive Market Estimates & Forecasts by Component 2017-2027 (USD Billion)
6.4. Smart Electric Drive Market, Sub Segment Analysis
6.4.1. Power Electronics
6.4.2. E-Brake Booster
6.4.3. Inverter
6.4.4. Motor
6.4.5. Battery
Chapter 7. Global Smart Electric Drive Market, by Application
7.1. Market Snapshot
7.2. Global Smart Electric Drive Market by Application, Performance – Potential Analysis
7.3. Global Smart Electric Drive Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
7.4. Smart Electric Drive Market, Sub Segment Analysis
7.4.1. E-Axle
7.4.2. Wheel Drive
Chapter 8. Global Smart Electric Drive Market, by Drive
8.1. Market Snapshot
8.2. Global Smart Electric Drive Market by Drive, Performance – Potential Analysis
8.3. Global Smart Electric Drive Market Estimates & Forecasts by Drive 2017-2027 (USD Billion)
8.4. Smart Electric Drive Market, Sub Segment Analysis
8.4.1. Front Wheel Drive
8.4.2. Rear Wheel Drive
8.4.3. All Wheel Drive
Chapter 9. Global Smart Electric Drive Market, Regional Analysis
9.1. Smart Electric Drive Market, Regional Market Snapshot
9.2. North America Smart Electric Drive Market
9.2.1. U.S. Smart Electric Drive Market Vehicle Type breakdown estimates & forecasts, 2017-2027 Component breakdown estimates & forecasts, 2017-2027 Application breakdown estimates & forecasts, 2017-2027 Drive breakdown estimates & forecasts, 2017-2027
9.2.2. Canada Smart Electric Drive Market
9.3. Europe Smart Electric Drive Market Snapshot
9.3.1. U.K. Smart Electric Drive Market
9.3.2. Germany Smart Electric Drive Market
9.3.3. France Smart Electric Drive Market
9.3.4. Spain Smart Electric Drive Market
9.3.5. Italy Smart Electric Drive Market
9.3.6. Rest of Europe Smart Electric Drive Market
9.4. Asia-Pacific Smart Electric Drive Market Snapshot
9.4.1. China Smart Electric Drive Market
9.4.2. India Smart Electric Drive Market
9.4.3. Japan Smart Electric Drive Market
9.4.4. Australia Smart Electric Drive Market
9.4.5. South Korea Smart Electric Drive Market
9.4.6. Rest of Asia Pacific Smart Electric Drive Market
9.5. Latin America Smart Electric Drive Market Snapshot
9.5.1. Brazil Smart Electric Drive Market
9.5.2. Mexico Smart Electric Drive Market
9.6. Rest of The World Smart Electric Drive Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Siemens AG Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. Hitachi
10.2.3. Robert Bosch
10.2.4. Continental
10.2.5. ZF Friedrichshafen
10.2.8. Magna
10.2.9. Schaeffler
10.2.10. MAHLE
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com


Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.
Enquiry Now