June 6, 2024

Smart Electric Drive Market Size to Hit Around US$ 15.92 billion by 2030

Precedence Research a new report on smart electric drive market size, share, growth, industry trends, and forecast 2030, covering various industry elements and growth trends helpful for predicting the market’s future. The global smart electric drive market size was valued at US$ 1.2 billion in 2021. The global smart electric drive market is projected to reach US$ 15.92 billion by 2030, registering a compound annual growth rate (CAGR) of 33.28% during the forecast period from 2022 to 2030.

Smart Electric Drive Market

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The global smart electric drive market report offers various segments analysis by size, trends, growth factors, opportunities and key country outlook to 2030. The report offers a detailed analysis and information as per smart electric drive, market segments helping our readers to get a comprehensive overview of the global market. Several players are planning to focus on developing cost-effective products or services, aiming to maintain a strong foothold in the market.

Smart Electric Drive Market Report Scope 
Report Coverage Details
Market Size in 2022 USD 1.6 Billion
Market Size by 2030 USD 15.92 Billion
Growth Rate from 2022 to 2030 CAGR of 33.28%
Base Year 2021
Forecast Period 2022 to 2030
Segments Covered Vehicle Type, EV Type, Application, Component, Drive Type, Commercial Vehicle Type, 2-Wheeler Type and Geography

The company profiling of leading market players is included this report with Porter’s five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market.

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Some of the prominent players in the smart electric drive market include:
  • ABB
  • Aisin Corporation
  • Allison Transmission
  • Borgwarner
  • Bosch
  • Continental Ag
  • Dana
  • Denso
  • GKN (Melrose)
  • Hexagon AB
  • Hitachi
  • Huayu Automotive Electric System
  • Hyundai Mobis
  • Infineon Technologies
  • Jatco
  • Jing-Jin Electric Technologies
  • LG Electronics
  • Magna International
  • Mahle
  • Meidensha Corporation
  • Meritor
  • Nidec Corporation
  • Shanghai Automotive Smart Electric Drive
  • Siemens AG
  • Smesh E-Axle
  • ZF Group
Smart Electric Drive Market Segmentation

By Vehicle Type

  • Passenger Cars
  • Commercial Vehicles
  • 2-Wheelers

By EV Type

  • BEV
  • HEV
  • PHEV

By Application

  • E-Axle
  • E-Wheel Drive

By Component

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

By Drive Type

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

By Commercial Vehicle Type

  • Electric Buses
  • Electric Trucks

By 2-Wheeler Type

Regional Segmentation

  • Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
  • Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
  • North America [United States, Canada, Mexico]
  • South America [Brazil, Argentina, Columbia, Chile, Peru]
  • Middle East & Africa [GCC, North Africa, South Africa]

Key Questions are

  • What are the key factors influencing the smart electric drive market in each region?
  • How much value will the global market generate by the end of the forecast period?
  • What will be the CAGR of the global market between 2022 and 2030?
  • What would be the Y-o-Y growth trend of the global market between 2022 and 2030?
  • What is the future scope and current trends in technologies of the global market?
  • What is the revenue of the global market based on segments?
  • Which key strategies are used by top players of the global market?
  • Which are the leading companies in the global market?
  • What are the essential strategies by key stakeholders in the market to expand their geographic presence?
  • What are the major advancements witnessed in the global market?

Research Objectives and Research Approach

The comprehensive report on the global smart electric drive market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products. Following this, the report provides detailed explanation of objectives of this study and laid down by accredited agencies in the purview of research in the global smart electric drive market.

It is followed by market introduction, market dynamics, and an overview of the global market, which includes analysis of market drivers, restraints, and trends pertaining to the global market. Furthermore, Y-o-Y growth analysis with elaborated insights has been provided in order to understand the Y-o-Y growth trend of the global market.

For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller sections. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.

The report analyzes the global smart electric drive market in terms of type, application, region and others. Key segments under each criteria are studied at length, and the market share for each of these at the end of 2030 has also been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global market.

Why should you invest in this report?

If you are aiming to enter the global smart electric drive market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for smart electric drive are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

Table of Contents

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global Smart Electric Drive Market, By Vehicle Type

7.1. Smart Electric Drive Market, by Vehicle Type, 2022-2030

7.1.1. Passenger Cars

7.1.1.1. Market Revenue and Forecast (2017-2030)

7.1.2. Commercial Vehicles

7.1.2.1. Market Revenue and Forecast (2017-2030)

7.1.3. 2-Wheelers

7.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 8. Global Smart Electric Drive Market, By EV Type

8.1. Smart Electric Drive Market, by EV Type, 2022-2030

8.1.1. BEV

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. HEV

8.1.2.1. Market Revenue and Forecast (2017-2030)

8.1.3. PHEV

8.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Smart Electric Drive Market, By Application

9.1. Smart Electric Drive Market, by Application, 2022-2030

9.1.1. E-Axle

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. E-Wheel Drive

9.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Smart Electric Drive Market, By Component

10.1. Smart Electric Drive Market, by Component, 2022-2030

10.1.1. EV Battery

10.1.1.1. Market Revenue and Forecast (2017-2030)

10.1.2. Electric Motor

10.1.2.1. Market Revenue and Forecast (2017-2030)

10.1.3. Inverter System

10.1.3.1. Market Revenue and Forecast (2017-2030)

10.1.4. E-Brake Booster

10.1.4.1. Market Revenue and Forecast (2017-2030)

10.1.5. Power Electronics

10.1.5.1. Market Revenue and Forecast (2017-2030)

Chapter 11. Global Smart Electric Drive Market, By Drive Type

11.1. Smart Electric Drive Market, by Drive Type, 2022-2030

11.1.1. Front Wheel Drive

11.1.1.1. Market Revenue and Forecast (2017-2030)

11.1.2. Rear Wheel Drive

11.1.2.1. Market Revenue and Forecast (2017-2030)

11.1.3. All-Wheel Drive

11.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 12. Global Smart Electric Drive Market, By Commercial Vehicle Type

12.1. Smart Electric Drive Market, by Commercial Vehicle Type, 2022-2030

12.1.1. Electric Buses

12.1.1.1. Market Revenue and Forecast (2017-2030)

12.1.2. Electric Trucks

12.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 13. Global Smart Electric Drive Market, By 2-Wheeler Type

13.1. Smart Electric Drive Market, by 2-Wheeler Type, 2022-2030

13.1.1. Electric Cycles

13.1.1.1. Market Revenue and Forecast (2017-2030)

13.1.2. Electric Motorcycles

13.1.2.1. Market Revenue and Forecast (2017-2030)

13.1.3. Electric Scooters

13.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 14. Global Smart Electric Drive Market, Regional Estimates and Trend Forecast

14.1. North America

14.1.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)

14.1.2. Market Revenue and Forecast, by EV Type (2017-2030)

14.1.3. Market Revenue and Forecast, by Application (2017-2030)

14.1.4. Market Revenue and Forecast, by Component (2017-2030)

14.1.5. Market Revenue and Forecast, by Drive Type (2017-2030)

14.1.6. Market Revenue and Forecast, by 2-Wheeler Type (2017-2030)

14.1.7. Market Revenue and Forecast, by Commercial Vehicle Type (2017-2030)

14.1.8. U.S.

14.1.8.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)

14.1.8.2. Market Revenue and Forecast, by EV Type (2017-2030)

14.1.8.3. Market Revenue and Forecast, by Application (2017-2030)

14.1.8.4. Market Revenue and Forecast, by Component (2017-2030)

14.1.8.5. Market Revenue and Forecast, by Drive Type (2017-2030)

14.1.8.6. Market Revenue and Forecast, by 2-Wheeler Type (2017-2030)

14.1.8.7. Market Revenue and Forecast, by Commercial Vehicle Type (2017-2030)

14.1.9. Rest of North America

14.1.9.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)

14.1.9.2. Market Revenue and Forecast, by EV Type (2017-2030)

14.1.9.3. Market Revenue and Forecast, by Application (2017-2030)

14.1.9.4. Market Revenue and Forecast, by Component (2017-2030)

14.1.9.5. Market Revenue and Forecast, by Drive Type (2017-2030)

14.1.9.6. Market Revenue and Forecast, by 2-Wheeler Type (2017-2030)

14.1.9.7. Market Revenue and Forecast, by Commercial Vehicle Type (2017-2030)

14.2. Europe

14.2.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)

14.2.2. Market Revenue and Forecast, by EV Type (2017-2030)

14.2.3. Market Revenue and Forecast, by Application (2017-2030)

14.2.4. Market Revenue and Forecast, by Component (2017-2030)

14.2.5. Market Revenue and Forecast, by Drive Type (2017-2030)

14.2.6. Market Revenue and Forecast, by 2-Wheeler Type (2017-2030)

14.2.7. Market Revenue and Forecast, by Commercial Vehicle Type (2017-2030)

14.2.8. UK

14.2.8.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)

14.2.8.2. Market Revenue and Forecast, by EV Type (2017-2030)

14.2.8.3. Market Revenue and Forecast, by Application (2017-2030)

14.2.8.4. Market Revenue and Forecast, by Component (2017-2030)

14.2.8.5. Market Revenue and Forecast, by Drive Type (2017-2030)

14.2.8.6. Market Revenue and Forecast, by 2-Wheeler Type (2017-2030)

14.2.8.7. Market Revenue and Forecast, by Commercial Vehicle Type (2017-2030)

14.2.9. Germany

14.2.9.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)

14.2.9.2. Market Revenue and Forecast, by EV Type (2017-2030)

14.2.9.3. Market Revenue and Forecast, by Application (2017-2030)

14.2.9.4. Market Revenue and Forecast, by Component (2017-2030)

14.2.9.5. Market Revenue and Forecast, by Drive Type (2017-2030)

14.2.9.6. Market Revenue and Forecast, by 2-Wheeler Type (2017-2030)

14.2.9.7. Market Revenue and Forecast, by Commercial Vehicle Type (2017-2030)

14.2.10. France

14.2.10.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)

14.2.10.2. Market Revenue and Forecast, by EV Type (2017-2030)

14.2.10.3. Market Revenue and Forecast, by Application (2017-2030)

14.2.10.4. Market Revenue and Forecast, by Component (2017-2030)

14.2.10.5. Market Revenue and Forecast, by Drive Type (2017-2030)

14.2.10.6. Market Revenue and Forecast, by 2-Wheeler Type (2017-2030)

14.2.10.7. Market Revenue and Forecast, by Commercial Vehicle Type (2017-2030)

14.2.11. Rest of Europe

14.2.11.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)

14.2.11.2. Market Revenue and Forecast, by EV Type (2017-2030)

14.2.11.3. Market Revenue and Forecast, by Application (2017-2030)

14.2.11.4. Market Revenue and Forecast, by Component (2017-2030)

14.2.11.5. Market Revenue and Forecast, by Drive Type (2017-2030)

14.2.11.6. Market Revenue and Forecast, by 2-Wheeler Type (2017-2030)

14.2.11.7. Market Revenue and Forecast, by Commercial Vehicle Type (2017-2030)

14.3. APAC

14.3.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)

14.3.2. Market Revenue and Forecast, by EV Type (2017-2030)

14.3.3. Market Revenue and Forecast, by Application (2017-2030)

14.3.4. Market Revenue and Forecast, by Component (2017-2030)

14.3.5. Market Revenue and Forecast, by Drive Type (2017-2030)

14.3.6. Market Revenue and Forecast, by 2-Wheeler Type (2017-2030)

14.3.7. Market Revenue and Forecast, by Commercial Vehicle Type (2017-2030)

14.3.8. India

14.3.8.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)

14.3.8.2. Market Revenue and Forecast, by EV Type (2017-2030)

14.3.8.3. Market Revenue and Forecast, by Application (2017-2030)

14.3.8.4. Market Revenue and Forecast, by Component (2017-2030)

14.3.8.5. Market Revenue and Forecast, by Drive Type (2017-2030)

14.3.8.6. Market Revenue and Forecast, by 2-Wheeler Type (2017-2030)

14.3.8.7. Market Revenue and Forecast, by Commercial Vehicle Type (2017-2030)

14.3.9. China

14.3.9.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)

14.3.9.2. Market Revenue and Forecast, by EV Type (2017-2030)

14.3.9.3. Market Revenue and Forecast, by Application (2017-2030)

14.3.9.4. Market Revenue and Forecast, by Component (2017-2030)

14.3.9.5. Market Revenue and Forecast, by Drive Type (2017-2030)

14.3.9.6. Market Revenue and Forecast, by 2-Wheeler Type (2017-2030)

14.3.9.7. Market Revenue and Forecast, by Commercial Vehicle Type (2017-2030)

14.3.10. Japan

14.3.10.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)

14.3.10.2. Market Revenue and Forecast, by EV Type (2017-2030)

14.3.10.3. Market Revenue and Forecast, by Application (2017-2030)

14.3.10.4. Market Revenue and Forecast, by Component (2017-2030)

14.3.10.5. Market Revenue and Forecast, by Drive Type (2017-2030)

14.3.10.6. Market Revenue and Forecast, by 2-Wheeler Type (2017-2030)

14.3.10.7. Market Revenue and Forecast, by Commercial Vehicle Type (2017-2030)

14.3.11. Rest of APAC

14.3.11.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)

14.3.11.2. Market Revenue and Forecast, by EV Type (2017-2030)

14.3.11.3. Market Revenue and Forecast, by Application (2017-2030)

14.3.11.4. Market Revenue and Forecast, by Component (2017-2030)

14.3.11.5. Market Revenue and Forecast, by Drive Type (2017-2030)

14.3.11.6. Market Revenue and Forecast, by 2-Wheeler Type (2017-2030)

14.3.11.7. Market Revenue and Forecast, by Commercial Vehicle Type (2017-2030)

14.4. MEA

14.4.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)

14.4.2. Market Revenue and Forecast, by EV Type (2017-2030)

14.4.3. Market Revenue and Forecast, by Application (2017-2030)

14.4.4. Market Revenue and Forecast, by Component (2017-2030)

14.4.5. Market Revenue and Forecast, by Drive Type (2017-2030)

14.4.6. Market Revenue and Forecast, by 2-Wheeler Type (2017-2030)

14.4.7. Market Revenue and Forecast, by Commercial Vehicle Type (2017-2030)

14.4.8. GCC

14.4.8.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)

14.4.8.2. Market Revenue and Forecast, by EV Type (2017-2030)

14.4.8.3. Market Revenue and Forecast, by Application (2017-2030)

14.4.8.4. Market Revenue and Forecast, by Component (2017-2030)

14.4.8.5. Market Revenue and Forecast, by Drive Type (2017-2030)

14.4.8.6. Market Revenue and Forecast, by 2-Wheeler Type (2017-2030)

14.4.8.7. Market Revenue and Forecast, by Commercial Vehicle Type (2017-2030)

14.4.9. North Africa

14.4.9.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)

14.4.9.2. Market Revenue and Forecast, by EV Type (2017-2030)

14.4.9.3. Market Revenue and Forecast, by Application (2017-2030)

14.4.9.4. Market Revenue and Forecast, by Component (2017-2030)

14.4.9.5. Market Revenue and Forecast, by Drive Type (2017-2030)

14.4.9.6. Market Revenue and Forecast, by 2-Wheeler Type (2017-2030)

14.4.9.7. Market Revenue and Forecast, by Commercial Vehicle Type (2017-2030)

14.4.10. South Africa

14.4.10.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)

14.4.10.2. Market Revenue and Forecast, by EV Type (2017-2030)

14.4.10.3. Market Revenue and Forecast, by Application (2017-2030)

14.4.10.4. Market Revenue and Forecast, by Component (2017-2030)

14.4.10.5. Market Revenue and Forecast, by Drive Type (2017-2030)

14.4.10.6. Market Revenue and Forecast, by 2-Wheeler Type (2017-2030)

14.4.10.7. Market Revenue and Forecast, by Commercial Vehicle Type (2017-2030)

14.4.11. Rest of MEA

14.4.11.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)

14.4.11.2. Market Revenue and Forecast, by EV Type (2017-2030)

14.4.11.3. Market Revenue and Forecast, by Application (2017-2030)

14.4.11.4. Market Revenue and Forecast, by Component (2017-2030)

14.4.11.5. Market Revenue and Forecast, by Drive Type (2017-2030)

14.4.11.6. Market Revenue and Forecast, by 2-Wheeler Type (2017-2030)

14.4.11.7. Market Revenue and Forecast, by Commercial Vehicle Type (2017-2030)

14.5. Latin America

14.5.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)

14.5.2. Market Revenue and Forecast, by EV Type (2017-2030)

14.5.3. Market Revenue and Forecast, by Application (2017-2030)

14.5.4. Market Revenue and Forecast, by Component (2017-2030)

14.5.5. Market Revenue and Forecast, by Drive Type (2017-2030)

14.5.6. Market Revenue and Forecast, by 2-Wheeler Type (2017-2030)

14.5.7. Market Revenue and Forecast, by Commercial Vehicle Type (2017-2030)

14.5.8. Brazil

14.5.8.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)

14.5.8.2. Market Revenue and Forecast, by EV Type (2017-2030)

14.5.8.3. Market Revenue and Forecast, by Application (2017-2030)

14.5.8.4. Market Revenue and Forecast, by Component (2017-2030)

14.5.8.5. Market Revenue and Forecast, by Drive Type (2017-2030)

14.5.8.6. Market Revenue and Forecast, by 2-Wheeler Type (2017-2030)

14.5.8.7. Market Revenue and Forecast, by Commercial Vehicle Type (2017-2030)

14.5.9. Rest of LATAM

14.5.9.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)

14.5.9.2. Market Revenue and Forecast, by EV Type (2017-2030)

14.5.9.3. Market Revenue and Forecast, by Application (2017-2030)

14.5.9.4. Market Revenue and Forecast, by Component (2017-2030)

14.5.9.5. Market Revenue and Forecast, by Drive Type (2017-2030)

14.5.9.6. Market Revenue and Forecast, by 2-Wheeler Type (2017-2030)

14.5.9.7. Market Revenue and Forecast, by Commercial Vehicle Type (2017-2030)

Chapter 15. Company Profiles

15.1. ABB

15.1.1. Company Overview

15.1.2. Product Offerings

15.1.3. Financial Performance

15.1.4. Recent Initiatives

15.2. Aisin Corporation

15.2.1. Company Overview

15.2.2. Product Offerings

15.2.3. Financial Performance

15.2.4. Recent Initiatives

15.3. Allison Transmission

15.3.1. Company Overview

15.3.2. Product Offerings

15.3.3. Financial Performance

15.3.4. Recent Initiatives

15.4. Borgwarner

15.4.1. Company Overview

15.4.2. Product Offerings

15.4.3. Financial Performance

15.4.4. Recent Initiatives

15.5. Bosch

15.5.1. Company Overview

15.5.2. Product Offerings

15.5.3. Financial Performance

15.5.4. Recent Initiatives

15.6. Continental Ag

15.6.1. Company Overview

15.6.2. Product Offerings

15.6.3. Financial Performance

15.6.4. Recent Initiatives

15.7. Dana

15.7.1. Company Overview

15.7.2. Product Offerings

15.7.3. Financial Performance

15.7.4. Recent Initiatives

15.8. Denso

15.8.1. Company Overview

15.8.2. Product Offerings

15.8.3. Financial Performance

15.8.4. Recent Initiatives

15.9. GKN (Melrose)

15.9.1. Company Overview

15.9.2. Product Offerings

15.9.3. Financial Performance

15.9.4. Recent Initiatives

15.10. Hexagon AB

15.10.1. Company Overview

15.10.2. Product Offerings

15.10.3. Financial Performance

15.10.4. Recent Initiatives

Chapter 16. Research Methodology

16.1. Primary Research

16.2. Secondary Research

16.3. Assumptions

Chapter 17. Appendix

17.1. About Us

17.2. Glossary of Terms

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