Smart E-Drive for Automotive Market: Global Industry Analysis and Forecast (2021-2027)

Smart E-Drive for Automotive Market size was valued at 915 Mn. in 2020 and the total revenue is expected to grow at 35.9% through 2021 to 2027, Smart E-Drive for Automotive Market is reaching nearly 4,245 Mn. by 2027.

Smart E-Drive for Automotive Market Overview:

A smart e-drive is a more complex version of a traditional electric drive system. Smart e-drive is a direct transmission system that uses the vehicle's battery as a power source, resulting in a smooth and safe driving experience. A battery, motor generator, electric brake booster, and power booster are all part of the clever e-drive. It improves driving by conserving energy. Daimler AG has introduced a smart electric drive car using smart e-drive technology. The electrical drive system that can control the motion of an electric vehicle is referred to as e-drive for automotive (EV). Electrical motors are the major source of energy for the e-drive, which gives mechanical energy to the drive for motion control. Electric vehicles will benefit from an E-drive system that offers a wide range of torque, speed, and power. Smart E-Drive for Automotive Market To know about the Research Methodology :- Request Free Sample Report The reports have covered the market trends from 2016 to forecast the market through 2027. 2020 is considered a base year however 2020’s numbers are on the real output of the companies in the market. Special attention is given to 2020, the effect of lockdown on the demand and supply, and the impact of lockdown for the next two years on the market. Some companies have also done well in lockdown, and a specific strategic analysis of those companies is done in the report.

Global Smart E-Drive for Automotive Market Dynamics:

EVs with smart electric drive technology has lower running costs – According to the US Energy Information Administration (EIA), the globe consumed 101.95 million barrels of gasoline per day in 2019. According to Forbes, the price of gasoline has been steadily growing on the international market over the years. Petrol and diesel are in great demand around the world since they are non-renewable resources that may be depleted in the next decades. Despite the fact that various accords have been signed to restrict the price of gasoline on the worldwide market, prices have continued to climb over time. Because most countries buy gasoline, its use contributes to the economy's negative balance of trade. Automakers are considering alternative fuel sources for their automobiles due to finite petroleum reserves and rising fuel prices. Smart Electric Drive Systems have a Higher Cost –The cost of electric vehicles has decreased. To achieve momentum in the market, Tesla, for example, dropped the price of its Model X by USD 3,000. New and advanced technologies for smart e-drive, such as e-axel and e-wheel drive, are, however, still prohibitively expensive. E-drive systems/modules are mainly found in electric cars with a moderate to the high range due to their high cost. As a result, these technologies' adoption is limited to certain vehicles. When compared to separate pieces, the cost of these assemblies is typically 10-15% more. Because of the high cost of these components, manufacturers are hesitant to use them on a big scale. The expense of modifying standard drivetrain parts for specific EVs adds to the overall cost of the electric drive system. The Market for Smart Electric Drives will grow in response to the Rising Demand for Electric Vehicles – Leading electric vehicle markets including China, the United States, and Germany are spending heavily on electric vehicles and EV charging infrastructure, as well as research and development for quicker and more efficient charging techniques, longer-ranged EVs, and lower-cost batteries. They've also been putting money towards the development of electric powertrains. Automakers are anticipated to make significant expenditures to meet the growing demand for electric vehicles. Countries in North America and Europe, as well as many Asian countries, have taken steps to cut emissions in the future decades and to replace their vehicle fleets with lower-emission vehicles by 2027. This would result in very high market demand for electric vehicles, as well as an increasing need for EVs and related industries, such as the smart electric drive market. According to EV Volumes, the global industry will sell over 3.2 billion electric vehicles in 2020. From modest hatchbacks like the Leaf to high-end sedans like the Tesla Model 3, OEMs are delivering a diverse spectrum of vehicles. A large number of consumers have been drawn by the vast choice of product offers, resulting in an expanding market for electric vehicles. For example, Volkswagen declared in July 2021 that by 2030, it wants to sell half of its vehicles as electric vehicles, with 450,000 EVs sold globally in 2021. Ford has also committed USD 22 billion in electrifying its Mustang, F-150, and Transit models, as well as developing new electric vehicles. In January 2021, GM revealed plans to go all-electric in the United States by 2030 and globally by 2035, spending USD 27 billion to accelerate their EV research. Inadequate electric vehicle charging infrastructure in developing nations will restrict the smart electric drive market's potential – An adequately built infrastructure of charging stations is essential to support the broad acceptance of plug-in hybrid electric cars (PHEVs) and all-electric vehicles (EVs). With the exception of a few nations such as the United States, Germany, the United Kingdom, France, and Japan, infrastructure development is still in its early stages around the world. Due to the high cost of construction, the number of charging stations and charging outlets is small. For example, In Europe, the gear alone for a slow two-plug charging station costs around USD 2,500. As a result, governments in a variety of nations are providing subsidies and tax breaks for infrastructure development in order to lower startup costs and increase EV sales. For example, in collaboration with electric vehicle manufacturers such as Nissan, Mitsubishi, and Honda, the Japanese government began investing in the installation of charging stations across the country. Global Smart E-Drive for Automotive Market Segment Analysis: the Smart E-Drive for Automotive Market is segmented into Component, Drive type, Vehicle type, and Application. Based on the Component, the market is sub-segmented into EV Battery, Electric Motor, Inverter System, E-Brake Booster, and Power Electronics. The fact that EV batteries account for a significant portion of the EV drivetrain cost, the EV battery market is predicted to be the largest by value. Over the years, companies such as Samsung SDI, LG Chem, CATL, SK Innovation, BYD, and Panasonic have provided batteries for use in electric vehicles, and they now account for a significant portion of the market's EV battery demand. Some electric vehicle manufacturers, such as Tesla and BYD, use in-house-built EV batteries. Because China is the world's largest EV market and Japan, South Korea, and India are rapidly increasing their EV demand, Asia Pacific will have the highest need for EV batteries. As improved integrated technologies for smart electric drives become more widely adopted, demand for EV batteries will rise as well. Smart E-Drive for Automotive MarketBased on the Application, the market is sub-segmented into E-Axle and E-wheel Drive. With the increased demand for EVs on the market, e-axle demand will grow at a rapid rate. This is due to the market's rapid growth demand for mass-produced EVs and for zero-emission automobiles. With many prominent EV manufacturers employing Aisin and Nidec e-axles in the region, Asia Pacific is likely to be the largest market. Nidec, for example, announced the debut of two new e-axles for 200 kW and 50 kW drivetrains in February 2020. Their e-axle technology includes a completely integrated traction motor system with an electric motor, reduction gearbox, and inverter. The Ni200Ex is designed for D and E-segment vehicles and has a higher output than the Ni150Ex type that was previously offered.

Smart E-Drive for Automotive Market Regional Analysis:

The Asia-Pacific region Countries like China, Japan, and South Korea will lead the smart electric drive market. These countries' governments have aided the increase of EV demand by providing subsidies, enacting favorable regulations for EVs, and discouraging the use of gasoline. With greater acceptance of EVs and expanding EV demand, this will result in a rapidly growing need for the smart electric drive market in the region. China and Japan were the first to use smart electric drives, followed by South Korea, India, and the rest of Asia Pacific. The growth of the smart electric drive market will be aided by increased production capacity/mass manufacturing for smart drivetrains and OEM acceptance of technology in a country. With significant EV demand in the country and firms like Geely, GAC, and others employing e-axles to create their EVs, China is likely to be the largest and fastest-growing market. Smart E-Drive for Automotive MarketThe objective of the report is to present a comprehensive analysis of the global Electric-vehicle Power train Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global Electric-vehicle Power train Market dynamics, structure by analyzing the market segments and projects the global Electric-vehicle Power train Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Electric-vehicle Power train Market make the report investor’s guide.

Smart E-Drive for Automotive Market Scope: Inquiry Before Buying

Global Smart E-Drive for Automotive Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: 915 Mn
Forecast Period 2021 to 2027 CAGR: 35.9 % Market Size in 2027: 4,245 Mn
Segments Covered: by Component • EV Battery • Electric Motor • Inverter System • E-Brake Booster • Power Electronics
by Vehicle Type • Battery Electric Vehicles • Hybrid Electric Vehicles • Plug-In Hybrid Electric Vehicles
by Application • E-Axle • E-Wheel Drive

Smart E-Drive for Automotive Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Smart E-Drive for Automotive Market Key Players

• GKN • Magna • Continental • Siemens • Schaeffler • ZF Friedrichshafen • Mahle • Robert Bosch • Borgwarner • Hitachi • Hyundai Mobis • Aisin Seiki • Infineon • Magna International Inc. • AISIN SEIKI Co., Ltd. • Schaeffler AG

Frequently Asked Questions:

1) What was the market size of the Global Smart E-Drive for Automotive Market in 2020? Ans - Global Global Smart E-Drive for Automotive Market was worth US$ 915 Mn. in 2020. 2) What is the market segment of the Smart E-Drive for the Automotive Market? Ans -The market segments are based on Component type, Vehicle Type, and Application. 3) What is the forecast period considered for Global Smart E-Drive for Automotive Market? Ans -The forecast period for Global Smart E-Drive for Automotive Market is 2021 to 2027. 4) What is the Global Smart E-Drive for Automotive market size in 2027? Ans – Global Smart E-Drive for Automotive Market is estimated as worth US$ 4,245 Mn 5) Which region is dominated in Global Smart E-Drive for Automotive Market? Ans -In 2020, the Asia Pacific region dominated the Global Smart E-Drive for Automotive Market.
1. Global Smart E-Drive for Automotive Market : Research Methodology 2. Global Smart E-Drive for Automotive Market : Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Smart E-Drive for Automotive Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Smart E-Drive for Automotive Market : Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-17.6 Impact 4. Global Smart E-Drive for Automotive Market Segmentation 4.1. Global Smart E-Drive for Automotive Market, by Component (2020-2027) • EV Battery • Electric Motor • Inverter System • E-Brake Booster • Power Electronics 4.2. Global Smart E-Drive for Automotive Market, by Vehicle Type (2020-2027) • Battery Electric Vehicles • Hybrid Electric Vehicles 4.3. Plug-In Hybrid Electric Vehicles Global Smart E-Drive for Automotive Market, by Application (2020-2027) • E-Axle • E-Wheel Drive 5. North America Smart E-Drive for Automotive Market (2020-2027) 5.1. North America Smart E-Drive for Automotive Market, by Component type (2020-2027) • EV Battery • Electric Motor • Inverter System • E-Brake Booster • Power Electronics 5.2. North America Smart E-Drive for Automotive Market, by Vehicle Type (2020-2027) • Battery Electric Vehicles • Hybrid Electric Vehicles 5.3. North America Smart E-Drive for Automotive Market , by Application (2020-2027) • E-Axle • E-Wheel Drive 5.4. North America Smart E-Drive for Automotive Market , by Country (2020-2027) • US • Canada • Mexico 6. European Smart E-Drive for Automotive Market (2020-2027) 6.1. European Smart E-Drive for Automotive Market , by Component (2020-2027) 6.2. European Smart E-Drive for Automotive Market , by Vehicle Type (2020-2027) 6.3. European Smart E-Drive for Automotive Market , by Application (2020-2027) 6.4. European Smart E-Drive for Automotive Market , by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Smart E-Drive for Automotive Market (2020-2027) 7.1. Asia Pacific Smart E-Drive for Automotive Market , by Component (2020-2027) 7.2. Asia Pacific Smart E-Drive for Automotive Market , by Vehicle Type (2020-2027) 7.3. Asia Pacific Smart E-Drive for Automotive Market , by Application (2020-2027) 7.4. Asia Pacific Smart E-Drive for Automotive Market , by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Smart E-Drive for Automotive Market (2020-2027) 8.1. Middle East and Africa Smart E-Drive for Automotive Market , by Component (2020-2027) 8.2. Middle East and Africa Smart E-Drive for Automotive Market , by Vehicle Type (2020-2027) 8.3. Middle East and Africa Smart E-Drive for Automotive Market , by Application (2020-2027) 8.4. Middle East and Africa Smart E-Drive for Automotive Market , by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Smart E-Drive for Automotive Market (2020-2027) 9.1. Latin America Smart E-Drive for Automotive Market , by Component (2020-2027) 9.2. Latin America Smart E-Drive for Automotive Market , by Vehicle Type (2020-2027) 9.3. Latin America Smart E-Drive for Automotive Market , by Application (2020-2027) 9.4. Latin America Smart E-Drive for Automotive Market , by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. ZF Friedrichshafen AG 10.1.1. Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Robert Bosch AG 10.3. SMR 10.4. GKN PLC 10.5. AVL List Gmbh 10.6. Magnetic Systems Technology 10.7. ACTIA Group 10.8. BorgWarner 10.9. SIEMENS AG 10.10. ABM Greiffenberger 10.11. Hitachi, Ltd. 10.12. Magna International Inc. 10.13. AISIN SEIKI Co., Ltd. 10.14. Continental AG 10.15. Schaeffler AG

About This Report

Report ID 1755
Category Automotive and Transportation
Published Date Aug2019
Updated Date Dec 2021
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