Smart Electric Drive Market Industry Key Trends, Demand, Growth, Size, Review, Share, Analysis to 2027 | Aisin Seiki, Infineon, Tesla 

This “Smart Electric Drive” market report provides detailed information on industries, productivity, revenues, manufacturers, and therefore the latest trends to assist you drive business growth and economic process. The report also reveals dynamic factors like market segments, sub-segments, regional markets, competition, key players and market forecasts. The Smart Electric Drive market also includes recent collaborations, mergers, acquisitions, partnerships and regulatory frameworks in various regions that affect the general development of the market. This report examines the newest technological advances and innovations affecting the Smart Electric Drive market.

The prices of electric vehicles have decreased over the last few years. For instance, Tesla reduced the price of its Model X by USD 3,000 to gain traction in the market. However, new and advanced technologies, for smart e-drive including e-axel, and e-wheel drive are still expensive. Due to their high cost, e-drive systems/modules are offered mostly in moderate-high ranged electric cars. Hence, the penetration of these technologies is limited to these vehicles. The cost of these assemblies is usually 10-15% higher compared to separate parts. The high cost of these components refrains manufacturers from adopting them on a large scale. The additional cost for adjusting the standard drivetrain products for specific EV’s further increases the cost of the electric drive system.

The global smart electric drive market size is projected to grow from USD 915 million in 2021 to USD 4,245 million by 2026, at a CAGR of 36.1%.

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Market Dynamics:

According to the US Energy Information Administration (EIA), 101.95 million barrels of gasoline per day was consumed in 2019 around the world. According to Forbes, prices of petrol in the international market has been on a rising trend over the years. The demand for petrol and diesel in the world is high as they non-renewable resources, which may get exhausted in the next few decades. Even though many treaties have been made to control price of petrol in the international market, prices have been on a rise over the years. As most countries import petrol, its usage contributes to lowering the balance of trade of the economy. The limited petroleum reserves and rising prices of the fuel have led automakers to consider alternative fuel sources for their vehicles.

The operating cost of electric vehicle drivetrains is lower than petrol and some other fuel alternatives. Along with environment conservation, this is a major factor for the growing demand for EVs in the market. This will drive the demand for the smart e-drive market in the coming years. The cost of usage of EVs can be as less as USD 0.4-0.6 per kWh as per EDF energy. This is much less compared to the average petrol price used to travel the same distance. This creates a major saving for EV users for daily vehicle use. Home charging can be costlier, many countries such as the US, the UK, Germany, and states offer subsidies for charging at home. This will lead to a faster increase in demand for electric trucks once price of EVs come down comparable to ICE vehicles.

The leading market players listed are:

GKN, Magna, Continental, Siemens, Schaeffler, ZF, Mahle, Robert Bosch, Borgwarner, Hitachi, Hyundai Mobis, Aisin Seiki, Infineon

A holistic study of the market is made by considering a variety of factors, from demographic conditions and business cycles in a particular country to market-specific microeconomic impacts. The study found the shift in market paradigms in terms of regional competitive advantage and the competitive landscape of major players.

Types of Products:

Front Wheel Smart Electric Drive
Rear Wheel Smart Electric Drive
All Wheel Smart Electric Drive

Application spectrum:

Passenger Vehicles
Commercial Vehicles

Regions and Countries Level Analysis:

Regional analysis is another highly comprehensive part of the research and analysis study of the global Smart Electric Drive market presented in the report. This section sheds light on the sales growth of different regional and country-level Smart Electric Drive markets. For the historical and forecast period 2021 to 2027, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global Smart Electric Drive market.

The report offers an in-depth assessment of the growth and other aspects of the Smart Electric Drive market in important countries (regions), including:

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, etc.)

Middle East & Africa (Saudi Arabia, Egypt, Nigeria, and South Africa)

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Research Objectives:

To study and analyze the global Smart Electric Drive consumption (value & volume) by key regions/countries, type and application, history data from 2021 to 2027, and forecast to 2027.

To understand the structure of Smart Electric Drive market by identifying its various subsegments.

Focuses on the key global Smart Electric Drive manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

To analyze the Smart Electric Drive with respect to individual growth trends, future prospects, and their contribution to the total market.

To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

To project the consumption of Smart Electric Drive submarkets, with respect to key regions (along with their respective key countries).

To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

To strategically profile the key players and comprehensively analyze their growth strategies.

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What is the Impact of Covid-19 Outbreak on the Smart Electric Drive?

- Optimistic Scenario: COVID-19 is contained by May or June, With Normalcy returning to global operations through the End of Q2.

- Conservative Scenario: COVID-19 Remains Prevalent, with Continued Impacts Lasting into Q4.

- Estimated Impact of the Coronavirus (COVID-19) Epidemic on the Global Smart Electric Drive.

- Smart Electric Drive Market Size in 2021

- Corporate Strategy the Manufacturers Should Be Thinking About Right Now.

Available Customization:

The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.

Here's how Market intelligence data helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The MID researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

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