What is Smart e-Drive Market?
The smart e-drive makes zero-emission driving. Lower operating costs of electric vehicles using smart e-drive technology are the major factor driving the global smart e-drive market growth. The introduction of governmental stringent rules and regulations and the high demand for electric vehicles and hybrid vehicles are the factors expected to drive the market during the forecast period. The Asia Pacific is expected to hold the largest market share of the smart e-drive market by countries such as China, Japan, and South Korea.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Nidec Corporation (Japan), Tesla, Inc. (United States), Aisin Corporation (Japan), Mercedes-Benz Group (Germany), BorgWarner (United States), Bosch (Germany), Huber Automotive AG (Germany), ZF group (Germany), Bayerische Motoren Werke AG (Germany) and Audi (Germany) |
CAGR | % |
The market study is being classified by Type (Passenger vehicle and Commercial Vehicle) and major geographies with country level break-up.
Nidec Corporation (Japan), Tesla, Inc. (United States), Aisin Corporation (Japan), Mercedes-Benz Group (Germany), BorgWarner (United States), Bosch (Germany), Huber Automotive AG (Germany), ZF group (Germany), Bayerische Motoren Werke AG (Germany) and Audi (Germany) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Ford Motor Company (United States), Peugeot (France) and Volkswagen (Germany).
Global Smart e-Drive is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Segment Analysis
Analyst at AMA have segmented the market study of Global Smart e-Drive market by Type, Application and Region.
On the basis of geography, the market of Smart e-Drive has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Air Pollution and Stringent Government Regulations on It Is Also Factor of Growth
- Lower Operating Cost of Electric Vehicles Smart e-Drive Technology
Market Trend
- The Growing Trend for Adoption of Smart e-Drive
- Increasing Demand for Electric and Hybrid Vehicles
Restraints
- High Cost Associated with the Smart e-Drive
Opportunities
- Rapid Inclination towards Adoption of Alternatively-Fueled Cars Has Created the Growth Opportunity for the Market
Challenges
- Lack of Electric Vehicle Charging Infrastructure
- Inadequate Charging Infrastructure for Electric Vehicles in Developing
- Countries will Reduce the Potential of the Smart e-Drive
Market Leaders and some development strategies
On 15th February 2022, BorgWarner acquired AKASOL AG. The acquisition will strengthen the commercial vehicle and industrial electrification capabilities. This enables it to capitalize on what it believes to be a fast-growing battery.
In June 2021, Audi reveals a timetable for the brand to become electric-only. Audi will end development of new internal combustion engine models by the end of 2026 and focus solely on full-electric drivetrains. Its CEO announced, after 2026, the automaker will only develop battery-powered models, according to Automobilwoche
Key Target Audience
Smart e-Drive Manufacturers, Smart e-Drive Suppliers and Distributors, Regulatory Bodies, New Entrants, Potential Investors, Research and Development Institutes and Others