A smart e-Drive is an advanced integrated version of the conventional electric drive system. Smart e-Drive uses the battery as a power source and provides direct transmission in the vehicle which makes driving smooth and safe on the road. The smart e-Drive includes a battery, motor generator, electric brake booster, and power booster. It provides efficient driving by saving energy.
Smart Electric Drive Market: Key Players
The research study includes profiles of leading companies operating in the global smart electric drive market. Key players profiled in the report include: Front wheel smart electric drive market, Rear wheel smart electric drive market & All wheel smart electric drive market, Siemens, Hitachi, Robert Bosch, Continental, ZF Friedrichshafen , HYUNDAI MOBIS, AISIN SEIKI, Magna, Schaeffler & MAHLE.
Drivers for the Global Smart Electric Drive Market:
The Key growth drivers in the global smart e-drive market are strict norms and regulations by governments across the globe, cost benefits in terms of declining battery price, and improved vehicle efficiency and fuel economy. The adoption of greener energy pertaining to the current environmental scenario also contributes to drive the growth of the market. The demand for electric and hybrid vehicles is increasing, which is primarily fueled by stringent governments’ rules and regulations, subsidies, tax refunds, and grants. The growing sales of environment-friendly vehicles is boosting the market for smart e-drive systems.
Opportunities for the Global Smart Electric Drive Market:
Rapid increase in demand for electric vehicles is expected to be a key factor that is likely to drive the smart e-Drive for automotive market during the forecast period. Implementation of stringent norms on the automotive industry regarding emission and concerns by global regulatory bodies are also anticipated to augment the smart e-Drive for automotive market. Factors such as weight reduction and space for other applications can be fulfilled by smart e-Drive. Numerous benefit such as high reliability, compact size, higher torque generation, and more built-in functionalities are estimated to boost the smart e-Drive for automotive market during the forecast period. This is expected to provide lucrative opportunities for the automobile industry.
Restrains for the Global Smart Electric Drive Market:
Major factors restraining the growth of the smart e-drive market are long-term return on investment, lack of reliability, and proper infrastructure. The vehicle with smart e-drive system initially costs a lot of money and the return on investment takes a much longer time to break even. Also, in developing nations, infrastructure for smart vehicles is poor, therefore, it acts as a restraint in the growth of the industry in these nations around the world. Thus all these factors are hampering the growth of the smart electric drive market.
Region Wise, Global Smart Electric Drive Market Analysis:
Report covers the region wise analysis, global Smart Electric Drive market can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Among all, Europe leads the global Smart Electric Drive market share followed by North-America and Asia-pacific. While the Europe leads the global Smart Electric Drive market due to the strict environmental norms and regulations by the European Union Commission, and thus increasing the demand for hybrid and electric vehicles, resulting in the growth of the market in the region. Also, the presence of established original equipment manufacturers (OEMs) such as Robert Bosch GmbH, ZF Friedrichshafen AG, Continental AG, and others, and rapid expansion of charging infrastructure are acting as the driving forces for the market.
Global Smart Electric Drive Market: Product analysis
- Front wheel smart electric drive market
- Rear wheel smart electric drive market
- All wheel smart electric drive market
Global Smart Electric Drive Market: Application analysis
- Wheel drive
Global Smart Electric Drive Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
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