Sandy, Utah, USA, Oct. 31, 2022 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “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 2022–2030” in its research database.

“According to the latest research study, the demand for global Smart Electric Drive Market size & share was valued at approximately USD 0.9 Billion in 2021 and is expected to reach USD 2.3 billion in 2022 and is expected to reach a value of around USD 14.5 Billion by 2030, at a compound annual growth rate (CAGR) of about 35% during the forecast period 2022 to 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.

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Smart Electric Drive Market: Overview

An intelligent integrated electric drive system is known as a smart e-drive. Driving is comfortable and safe on the road with the help of an intelligent e-drive, which uses the battery as a power source and offers direct transmission in the car. A battery, electric brake booster, motor generator, and power booster are all components of the intelligent e-drive. By saving energy, it makes driving better. Daimler AG introduced a smart electric drive car featuring innovative e-drive technology.

(A free sample of the Smart Electric Drive report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:

(Please note that the sample of the Smart Electric Drive report has been modified to include the COVID-19 impact study prior to delivery.)

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Growth Factors

Due to the surging number of electric vehicles on the road worldwide, demand for intelligent drive systems is rising. Smart electric motors, which draw their power from batteries and can transfer power effectively in cars, are advancements and replacements for conventional power drive systems. Innovative power drives are quicker than traditional electrical machinery and enhance driving dynamics. Due to increasing highway security and comfort standards, there is a growing global need for complex drive systems. Furthermore, using cutting-edge components like electrical machines, e-breaks boosters, and others, such motors ensure optimized power utilization, leading to cheaper running action costs than typical e-drives.

Additionally, it was predicted that the market for the best feature would grow in the upcoming years due to increased powered mobility due to stronger environmental regulations and a push by the government to embrace EVs by providing subsidies and discounts for EV purchases. Furthermore, the efficiency of a driver is increased by good integration, which is lighter and smaller than conventional motors.

Key questions answered in this report:

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Segmental Overview

The market for Smart Electric Drive is segmented into propulsion type, application, component, and vehicle type. Based on the drive type, the front-wheel drive segment is estimated to lead the market in 2021. FWD cars have a single unit that houses the engine, transmission, final drive gears, and differential. On average, FWD vehicles are lighter than either of their competitors. Since FWD vehicles are typically more lightweight and have most of their weight on the front wheels, most modern sedans, especially those in the medium and lower price categories, have this feature. This offers a stable balance for good traction.

Additionally, it aids in braking. They also consume fuel more effectively, regardless of engine size, thanks to better traction. FWD also offers more room for both freight and passengers. Due to these benefits, the front-wheel intelligent electric drive market for electric and hybrid vehicles now has the most significant market share among the three segments.

Key Offerings:

Regional Overview

The North American region led the market in 2021. The region’s automobile market would be dominated by the best-selling EVs from the United States and Canada due to the massive need in a number of its locations. In addition, leading OEMs like GM and Ford work with businesses like Hitachi, ZF, LG, BorgWarner, Magna, and others because of their powered mobility. As a result, the industry would gradually require more complex driving systems in the following years. Forecasts indicate that within the anticipated timeframe, its European regional sector will dominate the global industry and account for merely a solid competitive position.

Report Scope

Feature of the ReportDetails
Market Size in 2021USD 0.9 Billion
Projected Market Size in 2030USD 14.5 Billion
CAGR Growth Rate35% CAGR
Base Year2021
Forecast Period2022-2030
Prominent PlayersRobert 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 SegmentBy Propulsion, Application, Component, Drive Type, Vehicle Type, and Region
Report CoverageRevenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional ScopeNorth America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying OptionsRequest tailored purchasing options to fulfil your requirements for research. Buy Now

Key Players Insights

An in-depth investment analysis has been performed, providing forecast and prevailing opportunities for the market participants. The market report focuses on significant characteristics of the market that comprise historic data, present market revenues, PEST analysis, technological investments, and competitive analysis in the related industry.

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Key Players

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Browse the full “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 2022–2030” Report at https://www.custommarketinsights.com/report/smart-electric-drive-market/

The global Smart Electric Drive market is segmented as follows:

By Propulsion

By Application

By Component

By Drive Type

By Vehicle Type

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On the basis of Geography

North America

Europe

Asia Pacific

The Middle East & Africa

Latin America

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Key Insights: 

Recent Development

Smart Electric Drive  Market Report Spectacular Deals

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This Smart Electric Drive Market Research/Analysis Report Contains Answers to the following Questions.

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Reasons to Purchase Smart Electric Drive Market Report

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