Smart Electric Drive Market, By Vehicle Type, By Electric Drive, By Component, By Drive Type, By Geography

Description

The smart electric drive market is estimated to be valued at USD 3.25 billion in 2024 and is expected to reach USD 22.03 billion by 2031, growing at a compound annual growth rate (CAGR) of 31.4% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 3.25 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	31.40%	2031 Value Projection:	US$ 22.03 Bn

Figure. Smart Electric Drive Market Share (%), By Region 2024

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

Product Code: CMI7125

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Hybrid EV
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Plug-in Hybrid EV
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Battery EV
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Fuel Cell EV
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

7. Global Smart Electric Drive Market, By Component, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Battery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Motor
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Inverter System
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
E-Brake Booster
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Power Electronics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

8. Global Smart Electric Drive Market, By Drive Type, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Front Wheel Drive
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Rear Wheel Drive
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
All-wheel Drive
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

9. Global Smart Electric Drive Market, By Region, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, By Region, 2019-2031
North America
- Regional Trends
- Market Size and Forecast, By Vehicle Type, 2019 - 2031 (USD Billion)
- Market Size and Forecast, By Electric Drive, 2019 - 2031 (USD Billion)
- Market Size and Forecast, By Component, 2019 - 2031 (USD Billion)
- Market Size and Forecast, By Drive Type, 2019 - 2031 (USD Billion)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - U.S.
  - Canada
Europe
- Regional Trends
- Market Size and Forecast, By Vehicle Type, 2019 - 2031 (USD Billion)
- Market Size and Forecast, By Electric Drive, 2019 - 2031 (USD Billion)
- Market Size and Forecast, By Component, 2019 - 2031 (USD Billion)
- Market Size and Forecast, By Drive Type, 2019 - 2031 (USD Billion)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - U.K.
  - Germany
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Regional Trends
- Market Size and Forecast, By Vehicle Type, 2019 - 2031 (USD Billion)
- Market Size and Forecast, By Electric Drive, 2019 - 2031 (USD Billion)
- Market Size and Forecast, By Component, 2019 - 2031 (USD Billion)
- Market Size and Forecast, By Drive Type, 2019 - 2031 (USD Billion)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Latin America
- Regional Trends
- Market Size and Forecast, By Vehicle Type, 2019 - 2031 (USD Billion)
- Market Size and Forecast, By Electric Drive, 2019 - 2031 (USD Billion)
- Market Size and Forecast, By Component, 2019 - 2031 (USD Billion)
- Market Size and Forecast, By Drive Type, 2019 - 2031 (USD Billion)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
- Middle East & Africa
- Regional Trends
- Market Size and Forecast, By Vehicle Type, 2019 - 2031 (USD Billion)
- Market Size and Forecast, By Electric Drive, 2019 - 2031 (USD Billion)
- Market Size and Forecast, By Component, 2019 - 2031 (USD Billion)
- Market Size and Forecast, By Drive Type, 2019 - 2031 (USD Billion)
- Market Share Analysis, By Country/Sub-region, 2024 and 2031 (%)
  - South Africa
  - GCC Countries
  - Rest of the Middle East & Africa

10. Competitive Landscape

Company Profiles
- ABB
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Aisin Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Allison Transmission
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Borgwarner
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Bosch
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Continental Ag
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Dana
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- 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

11. Wheel of Fortune

Wheel of Fortune
Analyst View
Coherent Opportunity Map

12. Section:

Research Methodology
About Us

Smart Electric Drive Market, By Vehicle Type, By Electric Drive, By Component, By Drive Type, By Geography

Description

Table of Contents

Market Dynamics:

Key Features of the Study:

Table of Contents:

1. Research Objectives and Assumptions

2. Market Purview

3. Market Dynamics, Regulations, and Trends Analysis

4. Global Smart Electric Drive Market - Impact of Coronavirus (COVID-19) Pandemic

5. Global Smart Electric Drive Market, By Vehicle Type, 2019-2031, (USD Bn)

6. Global Smart Electric Drive Market, By Electric Drive, 2019-2031, (USD Bn)