After three months of lockdown due to COVID 19  pandemic, the global Smart e-Drive Market took the biggest step regarding repositioning. Market Research Future finds out that stocks streamed are on the lines, and for the future, the market is going to expand at a rate of ~20%. The rise of the market would take place during the years 2017-2023

Smart e-Drive for Automotive Market: Industry Players

Key players operating in the global smart e-Drive for automotive market include Robert Bosch (Germany), Continental (Germany), Shanghai Edrive (China), Siemens (Germany), Schaeffler (Germany),  Aisin Seiki (Japan), Infineon (Germany), BorgWarner (US), Efficient Drivetrains (US), UQM Technologies (US), and SINOEV (US).

Notable Developments

The rapid surge in demand for electric vehicles is being expected to be a prime factor that is liable to motivate the smart e-Drive for the automotive market during the assessment period. Implementation of stringent norms on the automotive industry concerning emission and concerns by global regulatory bodies is also probable to expand the smart e-Drive for the automotive market.

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MRFR also includes factors such as weight reduction and space for other applications can be fulfilled by smart e-Drive. Numerous benefits such as compact size, high reliability, higher torque generation, and more built-in functionalities are probable to boost the smart e-Drive for the automotive market during the assessment period. All of these factors have depicted lucrative opportunities for the automobile industry.

Furthermore, the global smart e-drive market will be growing at a steady rate during the forecast period as driven by escalating air pollution and climate change. This has managed to the need for defeating the greenhouse gases emissions, which has presumed to impact the market extension through 2025 boldly.

On the contrary, the factor of high cost of the technology can hamper the market growth through the forecast period till 2025. Besides, the factor of lack of infrastructure and long term ROI can also restrict the market growth over the next few years. In a case of point, Daimler AG launched a smart electric drive vehicle that is equipped with smart e-Drive technology.

Segmentation of Market

On a global scale, the growth of the global smart e-drive market is studied based on segmental basis. This has included segments such as component, applications and drive.

In terms of component, the market has included power electrostats, e-bike booster, motor and battery.

In terms of applications, the market has included e-axle and wheel-drive. E-axle is the evolution of the conventional axle in which the electric motor and gear unit is housed in a single unit on the axle and eradicates the combustion engine.

In terms of drive, the market has included front wheel drive, rear wheel drive and others. 

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Regional Front

Geographically, the global smart e-drive market, is studied among four major regions of North America, Europe, Asia Pacific and Rest of the World.

Europe region is anticipated to lead the global smart e-drive market over the assessment period owing to factors such as induction of strict emission control laws by the government, accelerated advancements in the technology for batteries and the boom in demand for electric, plug-in hybrid and hybrid vehicles in the region.  With this, the incidence of a massive number of electric vehicle manufacturers in the region is probable to instigate the development of the smart e-drive market in the Europe region.  The automotive industry has been escalating in this region, especially in the U.K., Germany, France, and Italy owing to the hasty technological advancements in the region. The rising smart e-Drive market is also due to government subsidies on an electric vehicle in the region during the prediction period.

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