Smart Electric Drive Market Report: Trends, Forecast and Competitive Analysis to 2030

Smart Electric Drive Trends and Forecast

The future of the global smart electric drive market looks promising with opportunities in the e-axle and e-wheel drive applications. The global smart electric drive market is expected to reach an estimated $8.6 billion by 2030 with a CAGR of 36.4% from 2024 to 2030. The major drivers for this market are growing demand for automotive electrification and rising demand for comfort and road safety.

A more than 150-page report is developed to help in your business decisions.

Smart Electric Drive by Segment

The study includes a forecast for the global smart electric drive by vehicle type, drive type, application, and region.

Smart Electric Drive Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:

• Passenger Cars
• Commercial Vehicles
• 2-Wheelers
• Others

Smart Electric Drive Market by Drive Type [Shipment Analysis by Value from 2018 to 2030]:

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

Smart Electric Drive Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• E-Axle
• E-Wheel Drive

Smart Electric Drive Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Smart Electric Drive Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies smart electric drive companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the smart electric drive companies profiled in this report include-

• Nidec
• Aisin
• BorgWarner
• Bosch
• Hitachi

Smart Electric Drive Market Insights

Lucintel forecasts that passenger car is expected to witness the highest growth over the forecast period due to growing demand of electric vehicle owing to various advantages, such as variety of models available, modern technology, and increased customer awareness.

Within this market, e-axle is expected to witness the higher growth.

APAC is expected to witness highest growth over the forecast period due to rising population's disposable income, rapid urbanization, and presence of key ev manufacturer and consumer in the region.

Features of the Global Smart Electric Drive Market

Market Size Estimates: Smart electric drive market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Smart electric drive market size by vehicle type, drive type, application, and region in terms of value ($B).

Regional Analysis: Smart electric drive market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different vehicle types, drive types, applications, and regions for the smart electric drive market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the smart electric drive market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the smart electric drive market size?

Answer: The global smart electric drive market is expected to reach an estimated $8.6 billion by 2030.

Q2. What is the growth forecast for smart electric drive market?

Answer: The global smart electric drive market is expected to grow with a CAGR of 36.4% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the smart electric drive market?

Answer: The major drivers for this market are growing demand for automotive electrification and rising demand for comfort and road safety.

Q4. What are the major segments for smart electric drive market?

Answer: The future of the smart electric drive market looks promising with opportunities in the e-axle and e-wheel drive applications.

Q5. Who are the key smart electric drive market companies?

Answer: Some of the key smart electric drive companies are as follows:

• Nidec
• Aisin
• BorgWarner
• Bosch
• Hitachi

Q6. Which smart electric drive market segment will be the largest in future?

Answer: Lucintel forecasts that passenger car is expected to witness the highest growth over the forecast period due to growing demand of electric vehicle owing to various advantages, such as variety of models available, modern technology, and increased customer awareness.

Q7. In smart electric drive market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to rising population's disposable income, rapid urbanization, and presence of key ev manufacturer and consumer in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the smart electric drive market by vehicle type (passenger cars, commercial vehicles, 2-wheelers, and others), drive type (front wheel drive, rear wheel drive, and all wheel drive), application (e-axle and e-wheel drive), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?