Smart Electric Drive Market Size, Trends and Insights By Propulsion (BEV, HEV, PHEV), By Application (E-Axle, E-Wheel Drive), By Component (EV Battery, Inverter System, Electric Motor, E-Brake Booster, Power Electronics), By Drive Type (Front Wheel Drive, All-Wheel Drive, Rear Wheel Drive), By Vehicle Type (Commercial, Private), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI18889

Published Date: September 2022

Pages: 220+

Category: Ice, Electric, Hybrid, Autonomous Vehicles

Report Snapshot

CAGR: 35%
0.9B
2021
2.3B
2022
14.5B
2030

Source: CMI

Study Period: 2022-2030
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Robert Bosch GmBH
  • Siemens AG
  • GKN PLC
  • ZF Friedrichshafen AG
  • Others

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Reports Description

According to Custom Market Insights (CMI), The Global Smart Electric Drive Market was worth around USD 0.9 billion in 2021  and is expected to reach USD 2.3 billion in 2022 and is predicted to grow to around USD 14.5 billion by 2030 with a compound annual growth rate (CAGR) of roughly 35% between 2022 and 2030. 

The report analyses the Smart Electric Drive market’s drivers and restraints and their impact on demand throughout the projection period. In addition, the report examines global opportunities in the global Smart Electric Drive market.

Smart Electric Drive Market: Overview

Electricity is used to power an electric drive. Due to their efficiency, the batteries are lithium-ion batteries, and the electric drives combine three-cylinder turbo engines. They are widely used in Europe and rechargeable. In addition to meeting all safety criteria, they are lightweight and equipped with electronic braking aid, stability control, and hill start assistance.

The drives come in many variations, and the parts or body panels of this can be replaced separately. Instead of conventional cars, they are powder coated instead of painted, using less energy and enhancing the car’s existing eco-friendly qualities. They are affordable and perfect for commuting in cities. The drives will be long-range, economical, and the result of significant investments and novel discoveries.

Smart Electric Drive Market: COVID–19 Impact Analysis

Automotive EV stakeholders are now extremely concerned about the COVID-19 pandemic. Due to the suspension of car production and supply interruptions, the automotive EV industry has reached a standstill. For the upcoming few quarters, declining vehicle sales will be of great concern to automotive EV OEMs following the pandemic. However, using advanced integrated components in a vehicle is predicted to lead to a large growth in the smart electric drive market in 2022. Before that, the pandemic will cause slower-than-expected growth in the smart electric drive industry due to decreased EV vehicle sales and a sudden halt in developing new technologies. 

To protect the safety of their employees during the COVID-19 pandemic, major component manufacturers like Nidec Corporation, Aisin Corporation, BorgWarner, Bosch, and ZF group announced the suspension of production. Manufacturers will probably modify production to avoid bottlenecks and schedule output by OEM and tier 1 manufacturer demand. However, manufacturers have modified their production strategy in response to OEM demand due to the increase in car demand during the pandemic.

Smart Electric Drive Market: Growth Drivers

High demand for electric vehicles

Major EV countries, including the US, China, and Germany, invested extensively in EVs and EV charging stations, as well as research and development for speedier and more efficient charge processes, comparatively long EVs, and more inexpensive battery. Businesses have also been investing in the development of electric powertrain technologies. To fulfill the rising demand for EVs, automakers must make large expenditures. Several Asian countries have adopted policies to reduce emissions over the coming years and replace their current fleets of vehicles with low-pollution models before 2035, along with those in the US and Europe.

Government initiatives

Over the past ten years, governments have implemented several regulations and policies to reduce diesel emissions, which has opened up significant opportunities for the global Smart e-Drive Industry. The market for intelligent electrical motors will grow due to coasters and connected transportation systems.

Global Smart Electric Drive Market 2023 – 2032 (By Vehicle Type)

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Smart Electric Drive Market: Segmentation Analysis

In our research scope, the moringa market is segmented into propulsion, application, component, and vehicle type. By application, the E-Wheel Drive segment is anticipated witness the highest CAGR. E-wheel drive is a fully integrated electric drive system mounted on a car’s back wheels. It incorporates every element required for safe accelerating and braking.

A cooling system, brake, controller, electric motor, and power electronics are the parts built into the drive. As numerous components are shifted to the wheel, one of the main advantages of the e-wheel drive is increased vehicle space, which can increase by up to 50%, according to the Green Car Congress. For instance, the e-wheel drive system from Gem Motors is 20% more efficient than traditional EV drivetrains.

Nidec Corporation, Protean, Elaphe, and Schaeffer are leading suppliers of e-wheel drives. A vehicle designed for two persons may now accommodate four passengers thanks to the e-wheel drive. Additionally, because the e-wheel drive is integrated into the wheel, direct transmission is delivered, making driving quick and safe.

For instance, the twin e-wheel drive from Schaeffler is placed in the rear wheel rim of the Ford Fiesta electric. E-wheel drive allows for dynamic and emission-free driving. The e-wheel drive market is predicted to increase quickly as the automotive industry transitions to zero-emission vehicles and expands the space inside vehicles for other uses. 

Report Scope

Feature of the Report Details
Market Size in 2021 USD 0.9 Billion
Projected Market Size in 2030 USD 14.5 Billion
CAGR Growth Rate 35% CAGR (2022-2030)
Base Year 2022
Forecast Period 2023-2032
Prominent Players Robert Bosch GmBH, Siemens AG, GKN PLC, ZF Friedrichshafen AG, Continental AG, Magna International Inc., AISIN SEIKI Co. Ltd., Schaeffler AG, ACTIA Group, SMR, Magnetic Systems Technology, AVL List Gmbh, BorgWarner, ABM Greiffenberger, and Others
Key Segment By Propulsion, Application, Component, Drive Type, Vehicle Type, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Key Insights: 

  • As per the analysis shared by our research analyst, the Smart Electric Drive market is estimated to grow annually at a CAGR of around 35% over the forecast period (2022-2030).
  • In terms of revenue, the Smart Electric Drive market was valued at around USD 0.9 billion in 2021 and is projected to reach USD 14.5 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
  • Based on components, the EV battery segment was estimated to hold the maximum market share in 2021.
  • Based on drive type segmentation, the Front Wheel Drive segment was the leading revenue-generating category in 2021.
  • Based on geography/region, the North American region was the leading revenue generator in 2021.

Recent Development

  • April 2021: In Japan, Toyota unveiled its new LS and Mirai vehicles, which include cutting-edge driving assistance technology. The portable air conditioner “Carrime” was introduced by Daikin in 2020 with the Daikin Launch X innovation platform.
  • April 2021: Volkswagen revealed the seven-seater EV ID.6 Crozz and ID.6 X built in China in collaboration with FAW and SAIC. The cars will only be sold in China. It comes in four powertrain types and two battery sizes—58 kWh and 77 kWh.

Global Smart Electric Drive Market 2023 – 2032 (By Billion)

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Regional Landscape

The largest market is anticipated to be in Asia-Pacific throughout the forecast period. The Asia-Pacific smart electric drive market has been growing quickly. China dominates the Asia-Pacific smart electric drive market. Due to the growing risk of climate change brought on by the pollution produced by the exhaust of fossil fuel-dependent vehicles, the Asia-Pacific region, led by China, has been investing extensively in the electric drive sector. With the enormous consumer markets in China and India, the smart electric drive market may expand rapidly with the aid of favorable government policies and reduce carbon emissions to achieve COP26 commitments. 

Competitive Landscape

Creating a long-term relationship with the end-users is a top priority for the major worldwide brands in the fiercely competitive Smart Electric Drive market. In the upcoming years, it is projected that competition will intensify due to the continued growth in EV adoption.

Global Smart Electric Drive Market 2023 – 2032 (By Application)

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Key Players:

  • Robert Bosch GmBH
  • Siemens AG
  • GKN PLC
  • ZF Friedrichshafen AG
  • Continental AG
  • Magna International Inc.
  • AISIN SEIKI Co. Ltd.
  • Schaeffler AG
  • ACTIA Group
  • SMR
  • Magnetic Systems Technology
  • AVL List Gmbh
  • BorgWarner
  • ABM Greiffenberger

The global Smart Electric Drive market is segmented as follows:

By Propulsion

  • BEV
  • HEV
  • PHEV

By Application

  • E-Axle
  • E-Wheel Drive

By Component

  • EV Battery
  • Inverter System
  • Electric Motor
  • E-Brake Booster
  • Power Electronics

By Drive Type

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

By Vehicle Type

  • Commercial
  • Private

On the basis of Geography

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Content

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Smart Electric Drive Market, (2022 – 2030) (USD Billion)
    • 2.2 Global Smart Electric Drive Market : snapshot
  • Chapter 3. Global Smart Electric Drive Market – Industry Analysis
    • 3.1 Smart Electric Drive Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 High demand for electric vehicles
      • 3.2.2 High demand for electric vehicles
      • 3.2.3 Government initiatives
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Propulsion
      • 3.7.2 Market attractiveness analysis By Application
      • 3.7.3 Market attractiveness analysis By Component
      • 3.7.4 Market attractiveness analysis By Drive Type
      • 3.7.5 Market attractiveness analysis By Vehicle Type
  • Chapter 4. Global Smart Electric Drive Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Smart Electric Drive Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Smart Electric Drive Market – Propulsion Analysis
    • 5.1 Global Smart Electric Drive Market overview: By Propulsion
      • 5.1.1 Global Smart Electric Drive Market share, By Propulsion, 2021 and 2030
    • 5.2 BEV
      • 5.2.1 Global Smart Electric Drive Market by BEV, 2022 – 2030 (USD Billion)
    • 5.3 HEV
      • 5.3.1 Global Smart Electric Drive Market by HEV, 2022 – 2030 (USD Billion)
    • 5.4 PHEV
      • 5.4.1 Global Smart Electric Drive Market by PHEV, 2022 – 2030 (USD Billion)
  • Chapter 6. Global Smart Electric Drive Market – Application Analysis
    • 6.1 Global Smart Electric Drive Market overview: By Application
      • 6.1.1 Global Smart Electric Drive Market share, By Application, 2021 and 2030
    • 6.2 E-Axle
      • 6.2.1 Global Smart Electric Drive Market by E-Axle, 2022 – 2030 (USD Billion)
    • 6.3 E-Wheel Drive
      • 6.3.1 Global Smart Electric Drive Market by E-Wheel Drive, 2022 – 2030 (USD Billion)
  • Chapter 7. Global Smart Electric Drive Market – Component Analysis
    • 7.1 Global Smart Electric Drive Market overview: By Component
      • 7.1.1 Global Smart Electric Drive Market share, By Component, 2021 and 2030
    • 7.2 EV Battery
      • 7.2.1 Global Smart Electric Drive Market by EV Battery, 2022 – 2030 (USD Billion)
    • 7.3 Inverter System
      • 7.3.1 Global Smart Electric Drive Market by Inverter System, 2022 – 2030 (USD Billion)
    • 7.4 Electric Motor
      • 7.4.1 Global Smart Electric Drive Market by Electric Motor, 2022 – 2030 (USD Billion)
    • 7.5 E-Brake Booster
      • 7.5.1 Global Smart Electric Drive Market by E-Brake Booster, 2022 – 2030 (USD Billion)
    • 7.6 Power Electronics
      • 7.6.1 Global Smart Electric Drive Market by Power Electronics, 2022 – 2030 (USD Billion)
  • Chapter 8. Global Smart Electric Drive Market – Drive Type Analysis
    • 8.1 Global Smart Electric Drive Market overview: By Drive Type
      • 8.1.1 Global Smart Electric Drive Market share, By Drive Type, 2021 and 2030
    • 8.2 Front Wheel Drive
      • 8.2.1 Global Smart Electric Drive Market by Front Wheel Drive, 2022 – 2030 (USD Billion)
    • 8.3 All-Wheel Drive
      • 8.3.1 Global Smart Electric Drive Market by All-Wheel Drive, 2022 – 2030 (USD Billion)
    • 8.4 Rear Wheel Drive
      • 8.4.1 Global Smart Electric Drive Market by Rear Wheel Drive, 2022 – 2030 (USD Billion)
  • Chapter 9. Global Smart Electric Drive Market – Vehicle Type Analysis
    • 9.1 Global Smart Electric Drive Market overview: By Vehicle Type
      • 9.1.1 Global Smart Electric Drive Market share, By Vehicle Type, 2021 and 2030
    • 9.2 Commercial
      • 9.2.1 Global Smart Electric Drive Market by Commercial, 2022 – 2030 (USD Billion)
    • 9.3 Private
      • 9.3.1 Global Smart Electric Drive Market by Private, 2022 – 2030 (USD Billion)
  • Chapter 10. Smart Electric Drive Industry – Regional Analysis
    • 10.1 Global Smart Electric Drive Industry Regional Overview
    • 10.2 Global Smart Electric Drive Industry Share, by Region, 2021 & 2030 (USD Billion)
    • 10.3. North America
      • 10.3.1 North America Smart Electric Drive Industry, 2022 – 2030 (USD Billion)
        • 10.3.1.1 North America Smart Electric Drive Industry, by Country, 2022 – 2030 (USD Billion)
    • 10.4 North America Smart Electric Drive Industry, by Propulsion, 2022 – 2030
      • 10.4.1 North America Smart Electric Drive Industry, by Propulsion, 2022 – 2030 (USD Billion)
    • 10.5 North America Smart Electric Drive Industry, by Application, 2022 – 2030
      • 10.5.1 North America Smart Electric Drive Industry, by Application, 2022 – 2030 (USD Billion)
    • 10.6 North America Smart Electric Drive Industry, by Component, 2022 – 2030
      • 10.6.1 North America Smart Electric Drive Industry, by Component, 2022 – 2030 (USD Billion)
    • 10.7 North America Smart Electric Drive Industry, by Drive Type, 2022 – 2030
      • 10.7.1 North America Smart Electric Drive Industry, by Drive Type, 2022 – 2030 (USD Billion)
    • 10.8 North America Smart Electric Drive Industry, by Vehicle Type, 2022 – 2030
      • 10.8.1 North America Smart Electric Drive Industry, by Vehicle Type, 2022 – 2030 (USD Billion)
    • 10.9. Europe
      • 10.9.1 Europe Smart Electric Drive Industry, 2022 – 2030 (USD Billion)
        • 10.9.1.1 Europe Smart Electric Drive Industry, by Country, 2022 – 2030 (USD Billion)
    • 10.10 Europe Smart Electric Drive Industry, by Propulsion, 2022 – 2030
      • 10.10.1 Europe Smart Electric Drive Industry, by Propulsion, 2022 – 2030 (USD Billion)
    • 10.11 Europe Smart Electric Drive Industry, by Application, 2022 – 2030
      • 10.11.1 Europe Smart Electric Drive Industry, by Application, 2022 – 2030 (USD Billion)
    • 10.12 Europe Smart Electric Drive Industry, by Component, 2022 – 2030
      • 10.12.1 Europe Smart Electric Drive Industry, by Component, 2022 – 2030 (USD Billion)
    • 10.13 Europe Smart Electric Drive Industry, by Drive Type, 2022 – 2030
      • 10.13.1 Europe Smart Electric Drive Industry, by Drive Type, 2022 – 2030 (USD Billion)
    • 10.14 Europe Smart Electric Drive Industry, by Vehicle Type, 2022 – 2030
      • 10.14.1 Europe Smart Electric Drive Industry, by Vehicle Type, 2022 – 2030 (USD Billion)
    • 10.15. Asia Pacific
      • 10.15.1 Asia Pacific Smart Electric Drive Industry, 2022 – 2030 (USD Billion)
        • 10.15.1.1 Asia Pacific Smart Electric Drive Industry, by Country, 2022 – 2030 (USD Billion)
    • 10.16 Asia Pacific Smart Electric Drive Industry, by Propulsion, 2022 – 2030
      • 10.16.1 Asia Pacific Smart Electric Drive Industry, by Propulsion, 2022 – 2030 (USD Billion)
    • 10.17 Asia Pacific Smart Electric Drive Industry, by Application, 2022 – 2030
      • 10.17.1 Asia Pacific Smart Electric Drive Industry, by Application, 2022 – 2030 (USD Billion)
    • 10.18 Asia Pacific Smart Electric Drive Industry, by Component, 2022 – 2030
      • 10.18.1 Asia Pacific Smart Electric Drive Industry, by Component, 2022 – 2030 (USD Billion)
    • 10.19 Asia Pacific Smart Electric Drive Industry, by Drive Type, 2022 – 2030
      • 10.19.1 Asia Pacific Smart Electric Drive Industry, by Drive Type, 2022 – 2030 (USD Billion)
    • 10.20 Asia Pacific Smart Electric Drive Industry, by Vehicle Type, 2022 – 2030
      • 10.20.1 Asia Pacific Smart Electric Drive Industry, by Vehicle Type, 2022 – 2030 (USD Billion)
    • 10.21. Latin America
      • 10.21.1 Latin America Smart Electric Drive Industry, 2022 – 2030 (USD Billion)
        • 10.21.1.1 Latin America Smart Electric Drive Industry, by Country, 2022 – 2030 (USD Billion)
    • 10.22 Latin America Smart Electric Drive Industry, by Propulsion, 2022 – 2030
      • 10.22.1 Latin America Smart Electric Drive Industry, by Propulsion, 2022 – 2030 (USD Billion)
    • 10.23 Latin America Smart Electric Drive Industry, by Application, 2022 – 2030
      • 10.23.1 Latin America Smart Electric Drive Industry, by Application, 2022 – 2030 (USD Billion)
    • 10.24 Latin America Smart Electric Drive Industry, by Component, 2022 – 2030
      • 10.24.1 Latin America Smart Electric Drive Industry, by Component, 2022 – 2030 (USD Billion)
    • 10.25 Latin America Smart Electric Drive Industry, by Drive Type, 2022 – 2030
      • 10.25.1 Latin America Smart Electric Drive Industry, by Drive Type, 2022 – 2030 (USD Billion)
    • 10.26 Latin America Smart Electric Drive Industry, by Vehicle Type, 2022 – 2030
      • 10.26.1 Latin America Smart Electric Drive Industry, by Vehicle Type, 2022 – 2030 (USD Billion)
    • 10.27. The Middle-East and Africa
      • 10.27.1 The Middle-East and Africa Smart Electric Drive Industry, 2022 – 2030 (USD Billion)
        • 10.27.1.1 The Middle-East and Africa Smart Electric Drive Industry, by Country, 2022 – 2030 (USD Billion)
    • 10.28 The Middle-East and Africa Smart Electric Drive Industry, by Propulsion, 2022 – 2030
      • 10.28.1 The Middle-East and Africa Smart Electric Drive Industry, by Propulsion, 2022 – 2030 (USD Billion)
    • 10.29 The Middle-East and Africa Smart Electric Drive Industry, by Application, 2022 – 2030
      • 10.29.1 The Middle-East and Africa Smart Electric Drive Industry, by Application, 2022 – 2030 (USD Billion)
    • 10.30 The Middle-East and Africa Smart Electric Drive Industry, by Component, 2022 – 2030
      • 10.30.1 The Middle-East and Africa Smart Electric Drive Industry, by Component, 2022 – 2030 (USD Billion)
    • 10.31 The Middle-East and Africa Smart Electric Drive Industry, by Drive Type, 2022 – 2030
      • 10.31.1 The Middle-East and Africa Smart Electric Drive Industry, by Drive Type, 2022 – 2030 (USD Billion)
    • 10.32 The Middle-East and Africa Smart Electric Drive Industry, by Vehicle Type, 2022 – 2030
      • 10.32.1 The Middle-East and Africa Smart Electric Drive Industry, by Vehicle Type, 2022 – 2030 (USD Billion)
  • Chapter 11. Company Profiles
    • 11.1 Robert Bosch GmBH
      • 11.1.1 Overview
      • 11.1.2 Financials
      • 11.1.3 Product Portfolio
      • 11.1.4 Business Strategy
      • 11.1.5 Recent Developments
    • 11.2 Siemens AG
      • 11.2.1 Overview
      • 11.2.2 Financials
      • 11.2.3 Product Portfolio
      • 11.2.4 Business Strategy
      • 11.2.5 Recent Developments
    • 11.3 GKN PLC
      • 11.3.1 Overview
      • 11.3.2 Financials
      • 11.3.3 Product Portfolio
      • 11.3.4 Business Strategy
      • 11.3.5 Recent Developments
    • 11.4 ZF Friedrichshafen AG
      • 11.4.1 Overview
      • 11.4.2 Financials
      • 11.4.3 Product Portfolio
      • 11.4.4 Business Strategy
      • 11.4.5 Recent Developments
    • 11.5 Continental AG
      • 11.5.1 Overview
      • 11.5.2 Financials
      • 11.5.3 Product Portfolio
      • 11.5.4 Business Strategy
      • 11.5.5 Recent Developments
    • 11.6 Magna International Inc.
      • 11.6.1 Overview
      • 11.6.2 Financials
      • 11.6.3 Product Portfolio
      • 11.6.4 Business Strategy
      • 11.6.5 Recent Developments
    • 11.7 AISIN SEIKI Co. Ltd.
      • 11.7.1 Overview
      • 11.7.2 Financials
      • 11.7.3 Product Portfolio
      • 11.7.4 Business Strategy
      • 11.7.5 Recent Developments
    • 11.8 Schaeffler AG
      • 11.8.1 Overview
      • 11.8.2 Financials
      • 11.8.3 Product Portfolio
      • 11.8.4 Business Strategy
      • 11.8.5 Recent Developments
    • 11.9 ACTIA Group
      • 11.9.1 Overview
      • 11.9.2 Financials
      • 11.9.3 Product Portfolio
      • 11.9.4 Business Strategy
      • 11.9.5 Recent Developments
    • 11.10 SMR
      • 11.10.1 Overview
      • 11.10.2 Financials
      • 11.10.3 Product Portfolio
      • 11.10.4 Business Strategy
      • 11.10.5 Recent Developments
    • 11.11 Magnetic Systems Technology
      • 11.11.1 Overview
      • 11.11.2 Financials
      • 11.11.3 Product Portfolio
      • 11.11.4 Business Strategy
      • 11.11.5 Recent Developments
    • 11.12 AVL List Gmbh
      • 11.12.1 Overview
      • 11.12.2 Financials
      • 11.12.3 Product Portfolio
      • 11.12.4 Business Strategy
      • 11.12.5 Recent Developments
    • 11.13 BorgWarner
      • 11.13.1 Overview
      • 11.13.2 Financials
      • 11.13.3 Product Portfolio
      • 11.13.4 Business Strategy
      • 11.13.5 Recent Developments
    • 11.14 ABM Greiffenberger
      • 11.14.1 Overview
      • 11.14.2 Financials
      • 11.14.3 Product Portfolio
      • 11.14.4 Business Strategy
      • 11.14.5 Recent Developments
List Of Figures

Figures No 1 to 35

List Of Tables

Tables No 1 to 127

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2028
  • Market revenue estimates and forecasts up to 2028, by technology
  • Market revenue estimates and forecasts up to 2028, by application
  • Market revenue estimates and forecasts up to 2028, by type
  • Market revenue estimates and forecasts up to 2028, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Key Players:

  • Robert Bosch GmBH
  • Siemens AG
  • GKN PLC
  • ZF Friedrichshafen AG
  • Continental AG
  • Magna International Inc.
  • AISIN SEIKI Co. Ltd.
  • Schaeffler AG
  • ACTIA Group
  • SMR
  • Magnetic Systems Technology
  • AVL List Gmbh
  • BorgWarner
  • ABM Greiffenberger
  • Others

FAQs

“Asia-Pacific” region will lead the global Smart Electric Drive market during the forecast period 2022 to 2030.

The key factors driving the market

High Demand For Electric Vehicles, Government Initiatives.

The key players operating in the Smart Electric Drive market are Robert Bosch GmBH, Siemens AG, GKN PLC, ZF Friedrichshafen AG, Continental AG, Magna International Inc., AISIN SEIKI Co. Ltd., Schaeffler AG, ACTIA Group, SMR, Magnetic Systems Technology, AVL List Gmbh, BorgWarner, ABM Greiffenberger.

The global Smart Electric Drive market is expanding growth with a CAGR of approximately 35% during the forecast period (2022 to 2030).

The global Smart Electric Drive market size was valued at USD 0.9 Billion in 2021 and it is projected to reach around USD 14.5 Billion) by 2030.

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