Global Smart e-Drive Market is expected to reach US$ XX Mn by 2026 from US$ 140 Mn in 2018 at CAGR of XX %. The smart e-drive market is segmented by component, drive type, battery type, application, and geography. On the basis of a component, the smart e-drive market is classified into battery market, motor generator, power electronics, and e-brake booster. Based on application, the smart e-drive market is categorized into e-axle and wheel drive. In terms of drive type, the smart e-drive market is segmented into front wheel drive, rear wheel drive, and others. On the basis of battery type, the smart e-drive market is segregated into lithium-ion, nickel-based, lead-acid and solid state battery. Based on vehicle type, the smart e-drive market is classified into battery electric vehicles (BEV), hybrid electric vehicles (HEV), and plug-in hybrid electric vehicles (PHEV), electric bus, and truck. Region wise into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Reduction in vehicle weight, optimum space utilization, tax benefits and different initiatives to promote the smart e-drive market from the governments across the globe are driving forces behind the smart e-drive market. Advancements in future mobility solutions such as smart transportation, integrated mobility solutions, IoT based fleet management, and truck platooning are also supposed to fuel the growth of the smart e-drive market. Numerous benefit such as high reliability, compact size, higher torque generation, and more built-in functionalities are estimated to boost the smart e-drive for automotive market during the forecast period. This is anticipated to provide lucrative opportunities for the automobile industry. A higher cost of the system is expected to hamper the smart e-drive for the automotive market. In terms of application, the e-axle segment is anticipated to grow with the highest growth rate during the forecast period. The growth of this segment can be attributed to various factors such as the rising focus on vehicle electrification, overall vehicle efficiency in passenger cars and rise in fuel economy. The use of electric drive axles reduces the interface and bearing, which in turn, results in better performance, reduced noise and less use of energy. Based on battery type, lead-acid battery anticipated growing, significantly, over the forecast period. They require low maintenance and rechargeable batteries. This battery is the most widely used battery type, because of its high power density and ease of use. It comes in all shapes, voltages, amperages, and sizes. Lead acid batteries are widely accepted as they do not allow for the addition or loss of liquid. In terms of region, Europe accounts for a major share of the global smart e-Drive for the automotive market, owing to the high adoption rate of smart e-Drive and upgrade of infrastructure in the region. Growing smart e-Drive market is also due to government subsidies on electric vehicle in the region during the forecast period. Some of the key players in the smart e-drive market are Robert Bosch GmBH, Continental AG, ZF Friedrichshafen AG, Siemens AG, GKN PLC, Hitachi, Ltd., Magna International Inc., AISIN SEIKI Co., Ltd., and Schaeffler AG.
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The scope of the Global Smart E-Drive Market
Global Smart E-Drive Market, by Component
- Battery market • Motor generator • Power electronics • e-Brake booster
Global Smart E-Drive Market, by Application
- e-Axle • Wheel drive
Global Smart E-Drive Market, by drive type
- Front wheel drive • Rear wheel drive • others
Global Smart E-Drive Market, by battery type
- Lithium-ion • Nickel-based • Lead acid and Solid state battery
Global Smart E-Drive Market, by Vehicle Type
- Battery Electric Vehicles (BEV) • Hybrid Electric Vehicles (HEV) • Plug-in Hybrid Electric Vehicles (PHEV) • Electric bus • Truck
Global Smart E-Drive Market, by Geography
- North America • Europe • Asia-Pacific • Middle East & Africa • Latin America
Key Players operating in the Global Smart E-Drive Market
- GKN • Continental • Magna • Siemens • Schaeffler • Mahle • ZF Friedrichshafen • Borgwarner • Robert Bosch • Hyundai Mobis • Hitachi • Infineon • Aisin Seiki
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