Global Smart e-Drive Market By Vehicle Type (HEV, PHEV, BEV), By Component (Power Electronics, E-Brake Booster, Inverter, Motor, Battery, Others), By Drive Type, By Application, By Battery Type, By Demand Category, By Region, Competition, Forecast & Opportunities, 2026

The Global Smart E-Drive Market is expected to grow at a steady rate during the forecast period. The Global Smart E-Drive Market is driven by the increasing air pollution and climate change. This has led to the need for reducing the greenhouse gases emissions. This in turn is expected to positively impact the market growth through 2026. Additionally, stringent government policies and mandates for fleet level emissions are further expected to propel the market over the next few years. Furthermore, benefits such as reliability, weight & space reductions, compact size, lesser emissions have drastically increased the demand for hybrid and electric vehicles. However, high cost of the technology can hamper the market growth through 2026. Besides, lack of infrastructure and long term ROI can further restrict the market growth over the next few years.

The Global Smart E-Drive Market is segmented based on vehicle type, component, drive type, application, battery type, demand category, company and region. Based on vehicle type, the market can be categorized into HEV, PHEV and BEV. The PHEV segment is expected to dominate the market owing to their better fuel efficiencies, cost-effectiveness and lower vehicular emissions. While, the HEV segment is expected to register significant growth on account of the increased acceptance from the customers. Based on drive type, the market can be fragmented into FWD, RWD and AWD. The FWD segment is expected to dominate the market on account of its low cost and fuel efficiency. On the contrary, AWD is expected to witness the highest growth attributable to the benefits such as better acceleration, traction and towing capabilities offered by AWD.

Regionally, the Global Smart E-Drive Market has been segmented into various regions including Asia-Pacific, North America, South America, Europe, and Middle East & Africa. North America is expected to dominate the overall smart e-drive market owing to the growing demand for green vehicles. Additionally, the growing need for reducing the overall weight of the vehicle is further expected to create lucrative opportunities for the market growth in the region.

The major players operating in the Global Smart E-Drive Market are Magna International Inc, Robert Bosch GmbH, GKN plc, Hitachi Ltd., Hyundai Mobis Co. Ltd., Continental AG, Siemens AG, Schaeffler AG, ZF Friedrichshafen AG, BorgWarner Inc. and others. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.

Years considered for this report:

• Historical Years: 2016-2019
• Base Year: 2020
• Estimated Year: 2021
• Forecast Period: 2022-2026

Objective of the Study:

• To analyze and estimate the market size of the Global Smart E-Drive Market from 2016 to 2019.
• To estimate and forecast the market size of the Global Smart E-Drive Market from 2020 to 2026 and growth rate until 2026.
• To classify and forecast the Global Smart E-Drive Market based on vehicle type, component, drive type, application, battery type, demand category, company and regional distribution.
• To identify dominant region or segment in the Global Smart E-Drive Market.
• To identify drivers and challenges for the Global Smart E-Drive Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Global Smart E-Drive Market.
• To identify and analyze the profile of leading players operating in the Global Smart E-Drive Market.
• To identify key sustainable strategies adopted by market players in the Global Smart E-Drive Market.

The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of manufacturers across the globe. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher could include the manufacturers which could not be identified due to the limitations of secondary research. The publisher analyzed the manufacturers, distribution channels and presence of all major players across the globe.

The publisher calculated the market size of the Global Smart E-Drive Market by using a bottom-up approach, wherein the data for various end-user segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.

Key Target Audience:

• Smart e-drive manufacturers/suppliers/distributors
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to smart e-drive

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.

Report Scope:

In this report, the Global Smart E-Drive Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Global Smart E-Drive Market, By Vehicle Type:

• HEV
• PHEV
• BEV

Global Smart E-Drive Market, By Component:

• Power Electronics
• E-Brake Booster
• Inverter
• Motor
• Battery
• Others

Global Smart E-Drive Market, By Drive Type:

• FWD
• RWD
• AWD

Global Smart E-Drive Market, By Application:

• E-Axle
• Wheel Drive

Global Smart E-Drive Market, By Battery Type:

• Lithium-ion
• Nickel-based
• Solid state battery
• Others

Global Smart E-Drive Market, By Demand Category:

• OEM
• Aftermarket

Global Smart E-Drive Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Australia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE
• Kuwait
• South America
• Brazil
• Argentina
• Colombia

Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Smart E-Drive Market.

Available Customizations:
With the given market data, the publisher offers customizations according to a client’s specific needs.