Smart e-Drive for Automotive Market Overview
A smart e-drive is a more complex variant of a traditional electric drive system. Smart e-drive uses the vehicle's battery as a power source and delivers direct transmission, resulting in a smooth and safe driving experience. The global Smart e-Drive for Automotive market is expected to grow at a significant rate in the forecast period.
An increase in demand for hybrid and electric vehicles to reduce carbon emissions is a key factor that boosts the growth of the global Smart e-Drive for Automotive market. Furthermore, the development of truck platooning and integrated mobility solutions, which make use of hybrid and electric vehicles for optimal performance, is likely to increase demand for smart e-drive systems. This, in turn, propels the smart e-drive for the global automotive market. In addition, the implementation of strict pollution and safety regulations on the automobile industry by worldwide regulatory organizations is also expected to boost the smart e-Drive for automotive market. Further, during the forecast period, an increase in demand for electric vehicles, strategic activities by numerous key players, and government initiatives to enhance the sale of electric vehicles are projected to boost demand for smart e-drive for automotive. Eventually, it rises the growth of the market.
Additionally, the development of urbanization is accelerating, resulting in an increase in the average income of urban residents, allowing them to improve their lifestyles. Furthermore, increased demand for passenger cars is encouraging manufacturers to enhance vehicle production, which is increasing the growth of the global smart e-drive for automotive market.
On the downside, stringent norms and restrictions established by numerous governments for the development and manufacture of electric vehicles have resulted in the production of electric vehicles in some countries, which is expected to limit the growth of the global smart e-drive for automotive market.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Component, Vehicle Type, Electric Vehicle Type, Drive Type, Application, Battery Type, and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Robert Bosch GmBH, ZF Friedrichshafen AG, Siemens AG, GKN PLC, Hitachi, Ltd., Magna International Inc., AISIN SEIKI Co., Ltd., Continental AG, Schaeffler AG, SMR, Magnetic Systems Technology, ACTIA Group, BorgWarner, ABM Greiffenberger, AVL List Gmbh. |
Covid-19 Impact on Smart e-Drive for Automotive Market
The outbreak of the covid-19 has a severe and swift impact on the automobile and transportation industry. This is majorly due to the shutdown of assembly plants in the US, interruptions across Europe in large-scale manufacturing, and disruption in the export of Chinese parts. In addition to this, the industry is dealing with reduced demand across the globe due to changes in customer behavior and shifts in a supply-demand chain. A recent study shows a 39% decline in sales of automotive all over the world. Moreover, the nationwide lockdowns have substantially affected the transportation sector. Restrictions on transportation accounted for a 45 to 55% decline in public as well as private transport sectors.
Smart e-Drive for Automotive Market Segment Overview
According to Component, the Battery segment leads with the largest share in the global Smart e-Drive for Automotive market. This is due to the increased demand for the product from electric vehicle manufacturers. Also, this segment is anticipated to grow at an impressive CAGR during the forecast period. By electric vehicle type, Hybrid electric vehicles is the largest segment in the market. This is because this vehicle type possesses a combination of better and internal combustion engine systems. Additionally, manufacturers offer an extensive variety of models under hybrid vehicles, and as such, the segment is projected to grow at the fastest rate in the forecast period.
Smart e-Drive for Automotive Market, By Component
· Battery
· Motor Generator
· Power Electronics
· E-Brake Booster
Smart e-Drive for Automotive Market, By Vehicle Type
Smart e-Drive for Automotive Market, By Electric Vehicle Type
· Battery Electric Vehicles
· Plug-In Hybrid Electric vehicles
· Hybrid Electric Vehicles
· Electric Bus
Smart e-Drive for Automotive Market, By Drive Type
· Front Wheel Drive
· Rear Wheel Drive
· Others
Smart e-Drive for Automotive Market, By Application
· E-axle
· Wheel Drive
Smart e-Drive for Automotive Market, By Battery Type
· Lithium-ion
· Nickel-based
· Lead Acid and Solid State Battery
Smart e-Drive for Automotive Regional Overview
In terms of region, Europe holds a major share of the global smart e-drive for automotive market. This is because of the region's high rate of smart e-drive adoption and infrastructural upgrades. Due to fast technological advancements in the region, the automobile sector has been booming in the region, particularly in Germany, the United Kingdom, France, and Italy. Due to government subsidies on electric vehicles in the region, the smart e-drive market is expected to grow throughout the forecast period. Similarly, North America is also one of the major regions for the global market. Again, the market in the Asia Pacific is projected to rise at a considerable rate in the coming years. China, mainly, has contributed significantly to Asia-Pacific's leading market position. Countries such as India and Indonesia are anticipated to present several opportunities for growth of the market during the forecast period.
Smart e-Drive for Automotive Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Smart e-Drive for Automotive Market, Key Players
· Robert Bosch GmBH
· ZF Friedrichshafen AG
· Siemens AG
· GKN PLC
· Hitachi, Ltd.
· Magna International Inc.
· AISIN SEIKI Co., Ltd.
· Continental AG
· Schaeffler AG
· SMR
· Magnetic Systems Technology
· ACTIA Group
· BorgWarner
· ABM Greiffenberger
· AVL List Gmbh
Q1. What are the driving factors for the Smart e-Drive for Automotive market?
An increase in demand for hybrid and electric vehicles to reduce carbon emissions is a key factor that boosts the growth of the global Smart e-Drive for Automotive market.
Q2. What are the restraining factors for the Smart e-Drive for Automotive market?
stringent norms and restrictions established by numerous governments for the development and manufacture of electric vehicles have resulted in the production of electric vehicles in some countries, which is expected to limit the growth of the global smart e-drive for automotive market.
Q3. Which segment is projected to hold the largest share in the Smart e-Drive for Automotive Market?
The battery segment is projected to hold the largest share in the Smart e-Drive for Automotive Market.
Q4. Which region holds the largest share in the Smart e-Drive for Automotive market?
Europe holds the largest share in the Smart e-Drive for Automotive market.
Q5. Which are the prominent players in the Smart e-Drive for Automotive Market?
Robert Bosch GmBH, ZF Friedrichshafen AG, Siemens AG, GKN PLC, Hitachi, Ltd., Magna International Inc., AISIN SEIKI Co., Ltd., Continental AG, Schaeffler AG, SMR, Magnetic Systems Technology, ACTIA Group, BorgWarner, ABM Greiffenberger, AVL List Gmbh. are some key players in the Smart e-Drive for Automotive Market.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
