SMART ELECTRIC DRIVE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

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