Global Smart Electric Drive Market to 2027

Smart electric drive is classified into e-axle and wheel drive on the basis of applications. Smart electric drives utilize battery as a power source. Increase in concerns including zero emission, and vehicle weight reduction, is expected to grow the global smart electric drive market growth. Also, rise in government initiatives expected to driven the growth of global smart electric drive market.

Market Drivers

Alternative materials and overall weight reduction to open new avenues in electric vehicles technology is the key driving factor which is expected to boost the global smart electric drive market growth, Furthermore, adoption of advanced technologies in electric vehicles will have the positive impact on global smart electric drive market growth. Moreover, rise in demand for electric buses and truck in transportation industry to control accidents is expected to fuel the global smart electric drive industry. Additionally, integrated mobility solutions and ride hailing to have significant demand expected to drive the global smart electric drive market, in near future.

Market Restraints

Global Smart Electric Drive Market has various challenging factors such as high cost of smart electric drive systems module, and maintaining and achieving optimum weight- to-power-ratio which are expected to hamper the growth of global smart electric drive industry.

Market Segmentation

Global Smart Electric Drive Market is segmented into component such as Power Electronics, E-Brake Booster, Inverter Unit, Electric Motor, and Battery, by drive type such as Rear Wheel Drive, Front Wheel Drive, and All Wheel Drive. Further, Global Smart Electric Drive Market is segmented into application such as Wheel Drive, and E-axle.

Also, Global Smart Electric Drive Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Market Key Players

Various key players are discussed in this report such as Infineon, Aisin Seiki, Hyundai Mobis, Hitachi, Borgwarner, Robert Bosch, Mahle, ZF Friedrichshafen, Schaeffler, Siemens, Continental, Magna,and GKN.

Market Taxonomy

By Component

• Power Electronics
• E-Brake Booster
• Inverter Unit,
• Electric Motor
• Battery

By Drive type

• Rear Wheel Drive
• Front Wheel Drive
• All Wheel Drive

By Application

• Wheel Drive
• E-axle

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middles East & Africa