Smart e-Drive market integrated electric drive system is known as a smart e-drive. Driving is smooth and safe on the road thanks to smart e-drive, which uses the battery as a power source and offers direct transmission in the car. A battery, motor generator, electric brake booster, and power booster are all components of the smart e-drive. By saving energy, it makes driving better. A smart electric drive car featuring smart e-drive technology was introduced by Daimler AG.
Another factor that is projected to drive the market is the increase in demand for hybrid and electric vehicles with a goal of lowering carbon emissions. In addition, improved truck platooning and integrated mobility solutions, which rely on hybrid and electric cars for optimal performance, are anticipated to increase demand for smart e-drive systems. This in turn fuels the global market for smart e-drive in automobiles.
The implementation of strict emission standards for the automotive sector and worries from international regulatory agencies are also projected to boost the smart e-Drive market.
The need for smart e-drive for automotive is anticipated to rise over the forecast period as a result of an increase in the demand for electric vehicles, strategic moves made by numerous important players, and government measures to promote the sale of electric vehicles.
The rate of urbanisation is increasing exponentially, which is increasing the average income of the urban population and allowing them to improve their quality of life. Additionally, a growth in the demand for passenger cars is driving manufacturers to increase vehicle production, which is in turn fueling the global market for smart e-drive for automobiles.
Due to the impact of strict government emission requirements and regulations on the global automobile industry, the smart e-drive market is anticipated to experience substantial expansion in the upcoming years. Another factor that is projected to fuel market growth is the rising demand for hybrid and electric vehicles as a means of lowering carbon emissions. Additionally, it is anticipated that the development of truck platooning and integrated mobility solutions, which are likely to use hybrid and electric cars for optimal performance, would increase demand for smart e-drive systems.
Due to its features, which include those of both front-wheel drive (FWD) and rear-wheel drive (RWD), all-wheel drive (AWD) is the leading category among all drive types and is expected to maintain its dominance in this market during the projection period (RWD). Additionally, the global market for sport-utility vehicles (SUVs) and multi-utility vehicles (MUVs) with AWD drivetrains has increased due to consumer demand for vehicles with superior traction, acceleration, and towing capabilities. Furthermore, the AWD category is anticipated to rule the smart e-drive market in the upcoming years due to increased demand for electric and hybrid SUVs and MUVs.
Key players in the global Smart e-Drive market
PUNCH POWERTRAIN (Belgium)
Shanghai Edrive (China)
Efficient Drivetrains (US)
HYUNDAI MOBIS (South Korea)
Magnetic Systems (UK)
Robert Bosch (Germany)
AISIN SEIKI (Japan)
ZF Friedrichshafen (Germany)
UQM TECHNOLOGIES (US)
American Axle (US)
on the basis of types, the Smart e-Drive market
on the basis of applications, the Smart e-Drive market
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2015-2025) of the following regions are covered in
Middle East and Africa
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