The global smart electric drive market size is projected to grow from USD 915 Million in 2021 to USD 4,245 Million by 2026, at a CAGR of 35.9%. Factors such as increasing demand for electric vehicles around the world, growing demand for smart electric drive equipment due to their higher vehicle efficiency, lower parts weight and compact size of assembly will boost the demand for the smart electric drive market. The growing concern for larger distance commuting using EV’s will also boost the market.
E-axle Segment is expected to be the largest market in the application segment in the forecast.
E-axle demand will be growing at a rapid pace with the increase in demand for EVs in the market. This is due to the fast growing demand for mass produced EVs in the market and growing demand for zero-emission vehicles. Asia Pacific is expected to be the largest market with many large EV manufacturers using e-axles from Aisin and Nidec in the region. For instance, In February 2020, Nidec announced the launch of its two-new e-axles developed for 200 kW and 50 kW drivetrains. Their e-axle system comprises a fully integrated traction motor system with an electric motor, reduction gearbox, and inverter. The Ni200Ex is developed for D and E segment cars and offers a higher output than its earlier available Ni150Ex model. Europe is also expected to be a large market, with GKN producing e-axles for companies like Volvo, BMW, and Porsche. Most manufacturers in the North American region use in-house manufacturing for passenger cars, and companies like Dana, Meritor, etc., manufacture e-axles for electric trucks. For Instance, in January 2019, BorgWarner launched its new range of electric drivetrains through its new iDM e-axle. It is developed for use in all kinds of EVs. Thus, with component manufacturers and OEMs adopting advanced integrated technologies to provide smart electric drive, the market would grow in the near future.
The Asia Pacific is expected to be the largest market during the forecast period.
The Asia Pacific Smart electric drive market will be led by countries like China, Japan and South Korea. The governments of these countries have supported the growth of EV demand through subsidies, favorable policies for EV’s and discouraging the use of petrol. This will lead to a fast-growing demand for the smart electric drive market in the region with their increased adoption in EV’s and rising EV demand. The adoption of smart electric drives have been in use in China and Japan followed by South Korea, India, and Rest of Asia Pacific. The rise in production capacity/ mass manufacturing for smart drivetrains and adoption of technology by OEMs in a country would support the growth of smart electric drive market. China is expected to be the largest and fastest-growing market with high EV demand in the country and companies like Geely, GAC, etc. using e-axles to develop their EV’s. Japan will be one of the fast-growing market in the region due to top component manufacturers like Nidec, Aisin, Denso manufacturing smart electric drive modules and components.
North America to be the fastest-growing region during the forecast period.
The North American region will have one of the fastest-growing demands for the smart electric drive market. The market in the region will be led by sales of some top selling EV’s in the US and Canada due to high demand across some of their states. Top OEM’s like GM, Ford is working with smart electric drive component manufacturers like BorgWarner, Hitachi, LG, Magna, ZF, etc. for their EV’s. This will lead to a gradual increase in demand for the smart electric drive market in the coming years.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.
- By Company Type: Tier I - 42%, Tier II - 40%, and Tier III - 18%
- By Designation: C Level Executives - 57%, Directors - 29%, and Others - 14%
- By Region: North America - 38%, Europe - 32%, Asia Pacific - 25%, RoW - 5%
The smart electric drive market is dominated by global players such as Nidec Corporation (Japan), Aisin Corporation (Japan), BorgWarner (US), Bosch (Germany) and ZF group (Germany). These companies have been developing new products, adopted expansion strategies, and undertaken collaborations, partnerships, and mergers & acquisitions to gain traction in the high-growth smart electric drive market.
Research Coverage:
The report covers the smart electric drive market, in terms of Vehicle Type (Passenger Cars, Commercial Vehicles and 2-Wheelers), EV Type (BEV, HEV and PHEV), Component, Commercial Vehicle Type, 2-Wheeler, Drive Type, Application, and Region (Asia Pacific, Europe, North America, and Rest of the World). It covers the competitive landscape and company profiles of the major players in the smart electric drive ecosystem.
The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report:
- The report will help market leaders/new entrants in this market with information on the closest approximations of revenue numbers for the overall smart electric drive market and its subsegments.
- This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
- The report also helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
Table of Contents
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
Figure 1 Electric Scooter (Moped)
1.2.1 Inclusions & Exclusions
Table 1 Inclusions & Exclusions in the Smart Electric Drive Market
1.3 Market Scope
Figure 2 Markets Covered
1.3.1 Years Considered for the Study
1.4 Currency & Pricing
1.5 Package Size
1.6 Stakeholders
1.7 Summary of Changes
2 Research Methodology
2.1 Research Data
Figure 3 Smart Electric Drive Market: Research Design
Figure 4 Research Design Model
2.1.1 Secondary Data
2.1.1.1 Key Secondary Sources
2.1.1.2 Key Data from Secondary Sources
2.1.2 Primary Data
Figure 5 Breakdown of Primary Interviews
2.1.3 Primary Participants
2.2 Market Estimation Methodology
Figure 6 Research Methodology: Hypothesis Building
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
Figure 7 Smart Electric Drive Market: Bottom-Up Approach
2.3.2 Top-Down Approach
Figure 8 Market: Top-Down Approach
Figure 9 Market: Research Design and Methodology
Figure 10 Research Approach: Market
2.3.3 Demand-Side Approach
Figure 11 Top-Down Research Methodology Approach: Company Based Revenue Approach
2.4 Market Breakdown and Data Triangulation
Figure 12 Data Triangulation
2.5 Factor Analysis
2.5.1 Factor Analysis for Market Sizing: Demand and Supply Side
2.6 Assumptions
2.7 Research Limitations
3 Executive Summary
Figure 13 Smart Electric Drive Market: Market Overview
Figure 14 Market, by Region, 2021-2026 (USD Million)
Figure 15 Bev Segment Expected to Grow at a Higher CAGR During Forecast Period (2021-2026)
4 Premium Insights
4.1 Attractive Opportunities in the Market
Figure 16 Increasing Demand for Smart Drive Technology in Electric Vehicles to Drive the Market
4.2 Market Growth Rate, by Region
Figure 17 Asia-Pacific Projected to be the Largest Market
4.3 Market, by Component
Figure 18 EV Batteries to be the Largest Segment (2021-2026)
4.4 Market, by Application
Figure 19 E-Axles Expected to Hold Majority of the Market (2021-2026)
4.5 Market, by Drive Type
Figure 20 Fwd Segment to Occupy a Larger Market Share During Forecast Period (2021-2026)
4.6 Market, by EV Type
Figure 21 Bev Segment Expected to Lead the Market During Forecast Period (2021-2026)
4.7 Market, by Vehicle Type
Figure 22 Commercial Vehicle Segment Expected to Grow at Higher CAGR During Forecast Period (2021-2026)
4.8 Market, by Commercial Vehicle Type
Figure 23 Electric Truck Demand is Expected to Grow at Higher CAGR During Forecast Period (2021-2026)
4.9 Market, by 2-Wheeler Type
Figure 24 Electric Scooters Will be Largest and Fastest Growing Segment (2021-2026)
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 25 Smart Electric Drive Market Dynamics
Table 2 Market: Impact of Market Dynamics
5.2.1 Drivers
5.2.1.1 Alternate Materials & Overall Weight Reduction to Open New Avenues in Electric Vehicles Technologies
Figure 26 Smart Electric Drive Gkn's Low Weight E-Drive Module
5.2.1.2 Adoption of Advanced Technologies in Electric Vehicles
Table 3 E-Axle Developments, by Key Manufacturers
5.2.1.3 Reducing Cost of EV Batteries Will Reduce the Price of Smart Electric Drive Modules
Figure 27 Global Lithium-Ion EV Battery Prices (Per Kwh)
5.2.1.4 Lower Operating Costs of EVs Will Increase Demand for Smart Electric Drive Modules
Table 4 Average Gasoline and Diesel Prices Over the Years (Us), (2016-2020)
Figure 28 Global Gasoline Consumption Trend, 2011-2020
5.2.2 Restraints
5.2.2.1 High Cost of Smart Electric Drive Systems/Modules
Table 5 Global Average Selling Price of Components
5.2.2.2 Maintaining and Achieving Optimum Power-To-Weight Ratio
Table 6 Vehicle Power to Component Weight Ratio
Table 7 Power Output to Vehicle Weight
5.2.3 Opportunities
5.2.3.1 Increase in Demand for Evs
Figure 29 Bev and Phev Sales (Thousand Units)
5.2.3.2 Government Policies Promoting Sales of Electric Vehicles
Table 8 Government Programs for the Promotion of Electric Commercial Vehicle Sales
Figure 30 Emission Norms Around the World, 2021
Figure 31 Government Targets for Evs
5.2.3.3 Integrated Mobility Solutions and Ride-Hailing Will Increase Demand for Smart Electric Drives
Figure 32 Ridesharing Market is on Rise, 2021 -2026
5.2.4 Challenges
5.2.4.1 Inadequate Charging Infrastructure for Electric Vehicles in Emerging Countries
Figure 33 EV Charging Demand, 2020-2030
5.2.4.2 Developing Fail-Safe Electronic and Electrical Components
5.3 Porter's Five Forces
Figure 34 Porter's Five Forces: Smart Electric Drive Market
Table 9 Market: Impact of Porters 5 Forces
5.3.1 Threat of Substitutes
5.3.2 Threat of New Entrants
5.3.3 Bargaining Power of Buyers
5.3.4 Bargaining Power of Suppliers
5.3.5 Rivalry Among Existing Competitors
5.4 Smart Electric Drive Market Ecosystem
Figure 35 Market: Ecosystem Analysis
5.4.1 EV Charging Providers
5.4.2 Tier I Suppliers
5.4.3 EV Battery Manufacturers
5.4.4 OEMs
5.4.5 End-users
Table 10 Market: Role of Companies in Ecosystem
5.5 Value Chain Analysis
Figure 36 Value Chain Analysis of Smart Electric Drive Market
5.6 Smart Electric Drive Average Pricing Analysis
Table 11 Smart Electric Drive: Average Price Comparison (USD), 2020
5.7 Macro Indicator Analysis
5.7.1 Introduction
5.7.1.1 Battery Electric Vehicle Sales as a Percentage of Total Electric Vehicle Sales
5.7.1.2 Gdp (USD Billion)
5.7.1.3 Gnp Per Capita, Atlas Method (USD)
5.7.1.4 Gdp Per Capita Ppp (USD)
5.7.2 Macro Indicators Influencing the Hybrid System Market for Top 3 Countries
5.7.2.1 Japan
Table 12 Japan: Rising Debt-Gdp Ratio to be the Most Crucial Indicator Given Its Excessively Weak Performance in the Recent Past
5.7.2.2 China
Table 13 China: Domestic Demand Expected to Play a Crucial Role Owing to a Host of Chinese Domestic Carmakers
5.7.2.3 US
Table 14 US: Rising Gni Per Capita Expected to Drive the Sales of Luxury Vehicles During the Forecast Period
5.8 Case Study
5.8.1 a Performance and Cost Overview of Selected Solid-State Electrolytes for EV Batteries
5.8.2 Development of Commercial Vehicle E-Axle System Based on Nvh Performance Optimization
5.9 Regulatory Overview
5.9.1 Netherlands
Table 15 Netherlands: Electric Vehicle Incentives
Table 16 Netherlands: Electric Vehicle Charging Stations Incentives
5.9.2 Germany
Table 17 Germany: Electric Vehicle Incentives
Table 18 Germany: Electric Vehicle Charging Stations Incentives
5.9.3 France
Table 19 France: Electric Vehicle Incentives
Table 20 France: Electric Vehicle Charging Stations Incentives
5.9.4 UK
Table 21 UK: Electric Vehicle Incentives
Table 22 UK: Electric Vehicle Charging Stations Incentives
5.9.5 China
Table 23 China: Electric Vehicle Incentives
Table 24 China: Electric Vehicle Charging Stations Incentives
5.9.6 US
Table 25 US: Electric Vehicle Incentives
Table 26 US: Electric Vehicle Charging Stations Incentives
5.10 Patent Analysis
Table 27 Important Registrations Related to Smart E Drive Market
5.11 Trends and Disruptions
Figure 37 Trends and Disruptions in the Smart Electric Drive Market
5.12 Market: COVID-19 Impact
5.12.1 Impact on Raw Material Supply
5.12.2 COVID-19 Impact on Automotive EV Industry
5.12.3 Announcements-Oem and Component Manufacturer
Table 28 Announcements
5.12.4 Impact on Automotive Production
5.13 Market Scenario Analysis
Figure 38 Smart Electric Drives Market- Future Trends & Scenario, 2021-2026 (USD Million)
5.13.1 Most Likely Scenario
Table 29 Market (Most Likely Scenario), by Region, 2021-2026 (USD Million)
5.13.2 Optimistic Scenario
Table 30 Smart Electric Drive Market (Optimistic), by Region, 2021-2026 (USD Million)
5.13.3 Pessimistic Scenario
Table 31 Market (Pessimistic), by Region, 2021-2026 (USD Million)
6 Technology Overview
6.1 Evolution
6.1.1 E-Drive in Electric Vehicle
Figure 39 E-Drive: Electric Vehicle
6.1.2 E-Drive in Hybrid Electric Vehicles - Series and Parallel Vs. Series-Parallel Combination
Figure 40 E-Drive: Hybrid Electric Vehicle (Series)
Figure 41 E-Drive: Hybrid Electric Vehicle (Parallel)
Figure 42 E-Drive: Hybrid Electric Vehicle (Series-Parallel Combination)
6.2 Spectrum of Drive Train Electrification
Figure 43 Drive Train Electrification
6.3 Components of Electric Drive
6.3.1 Electric Motor
Table 32 Comparison of Ac and Dc Motor
Table 33 Characteristics Comparison of Electrical Motors
6.3.2 Battery
Figure 44 Energy Density Comparison for Different Battery Types
6.3.3 Multispeed Gearbox
6.3.4 Inverter Unit
6.4 New and Upcoming Technology
6.4.1 Solid-State Battery (SSB)
6.4.2 IoT in Electric Vehicles
7 Smart Electric Drive Market, by Application
7.1 Introduction
Figure 45 E-Axle Segment Expected to Dominate the Market, 2021-2026 (USD Million)
Table 34 Market, by Application, 2018-2020 (Thousand Units)
Table 35 Market, by Application, 2021-2026 (Thousand Units)
Table 36 Market, by Application, 2018-2020 (USD Million)
Table 37 Market, by Application, 2021-2026 (USD Million)
7.2 Operational Data
Table 38 Key E-Axle and Smart Electric Drive Manufacturers
7.2.1 Assumptions
Table 39 Assumptions: by Application
7.3 Research Methodology
7.4 E-Axle
Table 40 E-Axle: Smart Electric Drive Market, by Region, 2018-2020 (Thousand Units)
Table 41 E-Axle: Market, by Region, 2021-2026 (Thousand Units)
Table 42 E-Axle: Market, by Region, 2018-2020 (USD Million)
Table 43 E-Axle: Market, by Region, 2021-2026 (USD Million)
7.5 E-Wheel Drive
Table 44 E-Wheel Drive: Market, by Region, 2018-2020 (Thousand Units)
Table 45 E-Wheel Drive: Market, by Region, 2021-2026 (Thousand Units)
Table 46 E-Wheel Drive: Market, by Region, 2018-2020 (USD Million)
Table 47 E-Wheel Drive: Market, by Region, 2021-2026 (USD Million)
7.6 Key Industry Insights
8 Smart Electric Drive Market, by Drive Type
8.1 Introduction
Figure 46 Awd Segment Expected to Dominate the Market, 2021-2026 (USD Million)
Table 48 Market, by Drive Type, 2018-2020 (Thousand Units)
Table 49 Market, by Drive Type, 2021-2026 (Thousand Units)
8.2 Operational Data
Table 50 Bev Vehicle Models and Their Drive Type
Table 51 Phev Vehicle Models and Their Drive Type
8.2.1 Assumptions
Table 52 Assumptions: by Drive Type
8.3 Research Methodology
8.4 Front Wheel Drive
Table 53 Fwd: Smart Electric Drive Market, by Region, 2018-2020 (Thousand Units)
Table 54 Fwd: Market, by Region, 2021-2026 (Thousand Units)
8.5 Rear Wheel Drive
Table 55 Rwd: Market, by Region, 2018-2020 (Thousand Units)
Table 56 Rwd: Market, by Region, 2021-2026 (Thousand Units)
8.6 All-Wheel Drive
Table 57 Awd: Market, by Region, 2018-2020 (Thousand Units)
Table 58 Awd: Market, by Region, 2021-2026 (Thousand Units)
8.7 Key Industry Insights
9 Smart Electric Drive Market, by Component
9.1 Introduction
Figure 47 Electric Drivetrain Components in All-Electric Drive
Figure 48 EV Battery Segment Expected to Dominate the Market, 2021-2026 (USD Million)
Table 59 Market, by Component, 2018-2020 (Thousand Units)
Table 60 Market, by Component, 2021-2026 (Thousand Units)
Table 61 Market, by Component, 2018-2020 (USD Million)
Table 62 Market, by Component, 2021-2026 (USD Million)
9.2 Operational Data
Table 63 Popular Li-Ion Batteries and Their Specifications
Table 64 Smart Electric Drivetrain Providers
Table 65 Electric Motor Providers
Table 66 Motor Controller Providers
9.2.1 Assumptions
Table 67 Assumptions: by Component
9.3 Research Methodology
9.4 EV Battery
Table 68 EV Battery: Smart Electric Drive Market, by Region, 2018-2020 (Thousand Units)
Table 69 EV Battery: Market, by Region, 2021-2026 (Thousand Units)
Table 70 EV Battery: Market, by Region, 2018-2020 (USD Million)
Table 71 EV Battery: Market, by Region, 2021-2026 (USD Million)
9.5 Electric Motor
Table 72 Electric Motor: Market, by Region, 2018-2020 (Thousand Units)
Table 73 Electric Motor: Market, by Region, 2021-2026 (Thousand Units)
Table 74 Electric Motor: Market, by Region, 2018-2020 (USD Million)
Table 75 Electric Motor: Market, by Region, 2021-2026 (USD Million)
9.6 Inverter System
Table 76 Inverter System: Smart Electric Drive Market, by Region, 2018-2020 (Thousand Units)
Table 77 Inverter System: Market, by Region, 2021-2026 (Thousand Units)
Table 78 Inverter System: Market, by Region, 2018-2020 (USD Million)
Table 79 Inverter System: Market, by Region, 2021-2026 (USD Million)
9.7 E-Brake Booster
Table 80 E-Brake Booster: Market, by Region, 2018-2020 (Thousand Units)
Table 81 E-Brake Booster: Market, by Region, 2021-2026 (Thousand Units)
Table 82 E-Brake Booster: Market, by Region, 2018-2020 (USD Million)
Table 83 E-Brake Booster: Market, by Region, 2021-2026 (USD Million)
9.8 Power Electronics
Table 84 Power Electronics: Smart Electric Drive Market, by Region, 2018-2020 (Thousand Units)
Table 85 Power Electronics: Market, by Region, 2021-2026 (Thousand Units)
Table 86 Power Electronics: Market, by Region, 2018-2020 (USD Million)
Table 87 Power Electronics: Market, by Region, 2021-2026 (USD Million)
9.9 Key Industry Insights
10 Smart Electric Drive Market, by Vehicle Type
10.1 Introduction
Table 88 Market, by Vehicle Type, 2018-2020 (Thousand Units)
Table 89 Market, by Vehicle Type, 2021-2026 (Thousand Units)
Table 90 Market, by Vehicle Type, 2018-2020 (USD Million)
Table 91 Market, by Vehicle Type, 2021-2026 (USD Million)
Figure 49 Commercial Vehicle Segment Expected to Grow at Highest CAGR During Forecast Period (2021-2026)
10.2 Operational Data
Table 92 Top Selling EVs Vehicle Type and Supplier Data for Smart Electric Drive Market
10.2.1 Assumptions
Table 93 Assumptions: by Vehicle Type
10.3 Research Methodology
10.4 Passenger Car (Pc)
10.4.1 Adoption of Integrated Units by Oems to Drive Demand
10.5 Commercial Vehicles (Cv)
10.5.1 Growth of E-Commerce and Logistics to Drive Demand
10.6 2-Wheelers (2-W)
10.6.1 Easy Installation & Less Complex Design to Drive Demand
10.7 Key Primary Insights
11 Smart Electric Drive Market, by EV Type
11.1 Introduction
Table 94 Market, by EV Type, 2018-2020 (Thousand Units)
Table 95 Market, by EV Type, 2021-2026 (Thousand Units)
Table 96 Market, by EV Type, 2018-2020 (USD Million)
Table 97 Market, by EV Type, 2021-2026 (USD Million)
Figure 50 Bev Segment Expected to Grow at Highest CAGR During Forecast Period (2021-2026)
11.2 Operational Data
Table 98 EV Models, by Propulsion and Sales
11.2.1 Assumptions
Table 99 Assumptions: by EV Type
11.3 Research Methodology
11.4 Battery Electric Vehicle (Bev)
11.4.1 Increase in Adoption of Integrated Drive Systems by Oems to Drive Demand
Table 100 Bev: Smart Electric Drive Market, by Region, 2018-2020 (Thousand Units)
Table 101 Bev: Market, by Region, 2021-2026 (Thousand Units)
Table 102 Bev: Market, by Region, 2018-2020 (USD Million)
Table 103 Bev: Market, by Region, 2021-2026 (USD Million)
11.5 Plug-In Hybrid Electric Vehicle (Phev)
11.5.1 Growing Need for Flexible Powertrains to Drive Demand
Table 104 Phev: Market, by Region, 2018-2020 (Thousand Units)
Table 105 Phev: Market, by Region, 2021-2026 (Thousand Units)
Table 106 Phev: Market, by Region, 2018-2020 (USD Million)
Table 107 Phev: Market, by Region, 2021-2026 (USD Million)
11.6 Hybrid Electric Vehicle (Hev)
11.6.1 Use of E-Axles in Hevs Will Create Opportunities for Smart Electric Drive Technology
Table 108 Hev: Smart Electric Drive Market, by Region, 2018-2020 (Thousand Units)
Table 109 Hev: Market, by Region, 2021-2026 (Thousand Units)
Table 110 Hev: Market, by Region, 2018-2020 (USD Million)
Table 111 Hev: Market, by Region, 2021-2026 (USD Million)
11.7 Key Industry Insights
12 Smart Electric Drive Market, by Commercial Vehicle
12.1 Introduction
Figure 51 E-Buses Expected to Dominate the Market, 2021-2026 (USD Million)
Table 112 Market, by Commercial Vehicle, 2018-2020 (Thousand Units)
Table 113 Market, by Commercial Vehicle, 2021-2026 (Thousand Units)
Table 114 Market for Commercial Vehicle, 2018-2020 (USD Million)
Table 115 Market for Commercial Vehicle, 2021-2026 (USD Million)
12.2 Operational Data
Table 116 Smart Electric Drive for Commercial Vehicles
12.2.1 Assumptions
Table 117 Assumptions: by Commercial Vehicle
12.2.2 Research Methodology
12.3 Electric Buses
12.3.1 Adoption of Advanced Integrated Technologies to Drive Demand
Table 118 Electric Buses: Smart Electric Drive Market, by Region, 2018-2020 (Thousand Units)
Table 119 Electric Buses: Market, by Region, 2021-2026 (Thousand Units)
Table 120 Electric Buses: Market, by Region, 2018-2020 (USD Million)
Table 121 Electric Buses: Market, by Region, 2021-2026 (USD Million)
12.4 Electric Trucks
12.4.1 Increase in Adoption of Integrated Components by OEMs to Drive Demand
Table 122 Electric Trucks: Market, by Region, 2018-2020 (Thousand Units)
Table 123 Electric Trucks: Market, by Region, 2021-2026 (Thousand Units)
Table 124 Electric Trucks: Market, by Region, 2018-2020 (USD Million)
Table 125 Electric Trucks: Market, by Region, 2021-2026 (USD Million)
12.5 Key Industry Insights
13 Smart Electric Drive Market, by Electric Two-Wheeler
13.1 Introduction
Figure 52 E-Scooters Segment Expected to Dominate the Market, 2021-2026 (USD Million)
Table 126 Market, by 2-Wheeler, 2018-2020 (Thousand Units)
Table 127 Market, by 2-Wheeler, 2021-2026 (Thousand Units)
Table 128 Market, by 2-Wheeler, 2018-2020 (USD Million)
Table 129 Market, by 2-Wheeler, 2021-2026 (USD Million)
13.2 Operational Data
Table 130 Global Electric Two-Wheeler Sales (Thousand Units)
13.2.1 Assumptions
Table 131 Assumptions: by Two-Wheeler
13.2.2 Research Methodology
13.3 Electric Cycles
13.3.1 Growing Demand for Electric Cycles to Drive the Segment
13.4 Electric Scooters
13.4.1 Increasing Use of Smart Electric Drive Technology to Drive the Segment
13.5 Electric Motorcycles
13.5.1 Increasing Use of Integrated Components and Battery Swapping Technology to Drive the Segment
13.6 Key Industry Insights
14 Smart Electric Drive, E-Axle Market, by Region
14.1 Introduction
14.2 Operational Data
Table 132 Top E-Axle Manufacturers and Vehicles Models
14.3 Asia-Pacific
Table 133 Asia-Pacific E-Axle Manufacturers
14.4 Europe
Table 134 Europe E-Axle Manufacturers
14.5 North America
Table 135 North America E-Axle Manufacturers
14.6 Key Primary Insights
15 Smart Electric Drive Market, EV Components-Suppliers Data
15.1 Region-Wise Suppliers Data
Table 136 North America: Suppliers Data
Table 137 Europe: Suppliers Data
Table 138 China: Suppliers Data
Table 139 Japan: Suppliers Data
Table 140 Rest of Asia: Suppliers Data
16 Smart Electric Drive Market, E-Axle Supply Chain
16.1 E-Axle Supply Chain Analysis
Figure 53 E-Axle: Supply Chain Analysis
16.2 Disruptions in the E-Powertrain Value Chain to Create New Opportunities
Figure 54 E-Powertrain Landscape
16.3 In-House Vs Outsourcing Components
16.4 In-house Vs Outsourcing Manufacturing
Table 141 In-house Vs Outsourcing Manufacturing of E-Axle
16.5 List of Key Component Suppliers
Table 142 E-Axle and E-Drivetrain Providers
Table 143 Traction Motor and Electric Motor Providers
Table 144 Motor Controller Provider
17 Smart Electric Drive Market, by Region
17.1 Introduction
Figure 55 Asia-Pacific is Estimated to be the Largest Market During Forecast Period (2021-2026)
Table 145 Market, by Region, 2018-2020 (Units)
Table 146 Market, by Region, 2021-2026 (Units)
Table 147 Market, by Region, 2018-2020 (USD Million)
Table 148 Market, by Region, 2021-2026 (USD Million)
17.2 Asia-Pacific
Figure 56 Asia-Pacific: Market Snapshot, 2021-2026
Table 149 Asia-Pacific: Market, by Country, 2018-2020 (Units)
Table 150 Asia-Pacific: Market, by Country, 2021-2026 (Units)
Table 151 Asia-Pacific: Market, by Country, 2018-2020 (USD Million)
Table 152 Asia-Pacific: Market, by Country, 2021-2026 (USD Million)
17.2.1 China
17.2.1.1 Large Number of EV Manufacturers Offering Integrated Drivetrains to Drive the Market
Table 153 China: Smart Electric Drive Market, by EV Type, 2018-2020 (Units)
Table 154 China: Market, by EV Type, 2021-2026 (Units)
Table 155 China: Market, by EV Type, 2018-2020 (USD Million)
Table 156 China: Market, by EV Type, 2021-2026 (USD Million)
17.2.2 India
17.2.2.1 Integration of Advanced Components in EVs to Drive the Market
Table 157 India: Market, by EV Type, 2018-2020 (Units)
Table 158 India: Market, by EV Type, 2021-2026 (Units)
Table 159 India: Market, by EV Type, 2018-2020 (USD Million)
Table 160 India: Market, by EV Type, 2021-2026 (USD Million)
17.2.3 Japan
17.2.3.1 Presence of Strong Local Manufacturers to Drive the Market
Table 161 Japan: Smart Electric Drive Market, by EV Type, 2018-2020 (Units)
Table 162 Japan: Market, by EV Type, 2021-2026 (Units)
Table 163 Japan: Market, by EV Type, 2018-2020 (USD Million)
Table 164 Japan: Market, by EV Type, 2021-2026 (USD Million)
17.2.4 South Korea
17.2.4.1 Increased Investments in Advanced Technologies to Drive the Market
Table 165 South Korea: Market, by EV Type, 2018-2020 (Units)
Table 166 South Korea: Market, by EV Type, 2021-2026 (Units)
Table 167 South Korea: Market, by EV Type, 2018-2020 (USD Million)
Table 168 South Korea: Market, by EV Type, 2021-2026 (USD Million)
17.2.5 Rest of Asia-Pacific
Table 169 Rest of Asia-Pacific: Market, by EV Type, 2018-2020 (Units)
Table 170 Rest of Asia-Pacific: Market, by EV Type, 2021-2026 (Units)
Table 171 Rest of Asia-Pacific: Market, by EV Type, 2018-2020 (USD Million)
Table 172 Rest of Asia-Pacific: Market, by EV Type, 2021-2026 (USD Million)
17.3 Europe
Figure 57 Europe: Germany Will be Leading the Market During 2021-2026
Table 173 Europe: Smart Electric Drive Market, by Country, 2018-2020 (Units)
Table 174 Europe: Market, by Country, 2021-2026 (Units)
Table 175 Europe: Market, by Country, 2018-2020 (USD Million)
Table 176 Europe: Market, by Country, 2021-2026 (USD Million)
17.3.1 France
17.3.1.1 Increasing Adoption of Integrated Electric Drives and Government Incentives to Drive the Market
Table 177 France: Market, by EV Type, 2018-2020 (Units)
Table 178 France: Market, by EV Type, 2021-2026 (Units)
Table 179 France: Market, by EV Type, 2018-2020 (USD Million)
Table 180 France: Market, by EV Type, 2021-2026 (USD Million)
17.3.2 Germany
17.3.2.1 Rising Sales of EVs Using Integrated E-Axles to Drive the Market
Table 181 Germany: Market, by EV Type, 2018-2020 (Units)
Table 182 Germany: Market, by EV Type, 2021-2026 (Units)
Table 183 Germany: Market, by EV Type, 2018-2020 (USD Million)
Table 184 Germany: Market, by EV Type, 2021-2026 (USD Million)
17.3.3 Norway
17.3.3.1 Strong EV Demand and Adoption of Integrated Electric Drive Technology to Drive the Market
Table 185 Norway: Market, by EV Type, 2018-2020 (Units)
Table 186 Norway: Market, by EV Type, 2021-2026 (Units)
Table 187 Norway: Market, by EV Type, 2018-2020 (USD Million)
Table 188 Norway: Market, by EV Type, 2021-2026 (USD Million)
17.3.4 UK
17.3.4.1 Outsourcing of Smart Electric Drive Technology to Drive the Market
Table 189 UK: Smart Electric Drive Market, by EV Type, 2018-2020 (Units)
Table 190 UK: Market, by EV Type, 2021-2026 (Units)
Table 191 UK: Market, by EV Type, 2018-2020 (USD Million)
Table 192 UK: Market, by EV Type, 2021-2026 (USD Million)
17.3.5 Spain
17.3.5.1 Increasing Investments in EV Technologies to Drive the Market
Table 193 Spain: Market, by EV Type, 2018-2020 (Units)
Table 194 Spain: Market, by EV Type, 2021-2026 (Units)
Table 195 Spain: Market, by EV Type, 2018-2020 (USD Million)
Table 196 Spain: Market, by EV Type, 2021-2026 (USD Million)
17.3.6 Rest of Europe
Table 197 Rest of Europe: Smart Electric Drive Market, by EV Type, 2018-2020 (Units)
Table 198 Rest of Europe: Market, by EV Type, 2021-2026 (Units)
Table 199 Rest of Europe: Market, by EV Type, 2018-2020 (USD Million)
Table 200 Rest of Europe: Market, by EV Type, 2021-2026 (USD Million)
17.4 North America
Figure 58 North America: Market Snapshot
Table 201 North America: Market, by Country, 2018-2020 (Units)
Table 202 North America: Market, by Country, 2021-2026 (Units)
Table 203 North America: Market, by Country, 2018-2020 (USD Million)
Table 204 North America: Market, by Country, 2021-2026 (USD Million)
17.4.1 Canada
17.4.1.1 Increasing Developments in Electric Vehicle Infrastructure to Drive the Market
Table 205 Canada: Smart Electric Drive Market, by EV Type, 2018-2020 (Units)
Table 206 Canada: Market, by EV Type, 2021-2026 (Units)
Table 207 Canada: Market, by EV Type, 2018-2020 (USD Million)
Table 208 Canada: Market, by EV Type, 2021-2026 (USD Million)
17.4.2 US
17.4.2.1 Adoption of In-House Manufacturing of Integrated Drivetrain Components to Drive the Market
Table 209 US: Market, by EV Type, 2018-2020 (Units)
Table 210 US: Market, by EV Type, 2021-2026 (Units)
Table 211 US: Market, by EV Type, 2018-2020 (USD Million)
Table 212 US: Market, by EV Type, 2021-2026 (USD Million)
17.4.3 Mexico
17.4.3.1 Rise in EV Sales with Assembled Drivetrain Components to Drive the Market
Table 213 Mexico: Smart Electric Drive Market, by EV Type, 2018-2020 (Units)
Table 214 Mexico: Market, by EV Type, 2021-2026 (Units)
Table 215 Mexico: Market, by EV Type, 2018-2020 (USD Million)
Table 216 Mexico: Market, by EV Type, 2021-2026 (USD Million)
17.5 Row
Figure 59 Russia to be the Largest Market in Row
Table 217 RoW: Market, by Country, 2018-2020 (Units)
Table 218 RoW: Market, by Country, 2021-2026 (Units)
Table 219 RoW: Market, by Country, 2018-2020 (USD Million)
Table 220 RoW: Market, by Country, 2021-2026 (USD Million)
17.5.1 Russia
17.5.1.1 EV Popularization to Drive the Market
Table 221 Russia: Smart Electric Drive Market, by EV Type, 2018-2020 (Units)
Table 222 Russia: Market, by EV Type, 2021-2026 (Units)
Table 223 Russia: Market, by EV Type, 2018-2020 (USD Million)
Table 224 Russia: Market, by EV Type, 2021-2026 (USD Million)
17.5.2 Brazil
17.5.2.1 Growing EV Demand to Drive the Market
Table 225 Brazil: Market, by EV Type, 2018-2020 (Units)
Table 226 Brazil: Market, by EV Type, 2021-2026 (Units)
Table 227 Brazil: Market, by EV Type, 2018-2020 (USD Million)
Table 228 Brazil: Market, by EV Type, 2021-2026 (USD Million)
17.5.3 Others
Table 229 Others: Smart Electric Drive Market, by EV Type, 2018-2020 (Units)
Table 230 Others: Market, by EV Type, 2021-2026 (Units)
Table 231 Others: Market, by EV Type, 2018-2020 (USD Million)
Table 232 Others: Market, by EV Type, 2021-2026 (USD Million)
18 Competitive Landscape
18.1 Overview
18.2 Market Share Analysis for Smart Electric Drive Market
Table 233 Market Share Analysis, 2020
Figure 60 Market Share Analysis, 2020
18.3 Revenue Analysis of Top Listed/Public Players
Figure 61 Top Public/Listed Players Dominated Market in Last Five Years
18.4 Competitive Scenario
18.4.1 New Product Launches
Table 234 New Product Launches, 2018-2021
18.4.2 Deals
Table 235 Deals, 2018-2021
18.4.3 Others
Table 236 Others, 2018-2021
18.5 Key Players in Smart Electric Drive Market
Table 237 Company Matrix: Top 5 Players in the Market
18.6 Company Evaluation Quadrant
18.6.1 Stars
18.6.2 Emerging Leaders
18.6.3 Pervasive
18.6.4 Participants
Figure 62 Market: Company Evaluation Quadrant, 2021
18.6.5 Market: Company Footprint, 2021
18.6.6 Market: Application Footprint, 2021
18.6.7 Market: Regional Footprint, 2021
18.7 Start-Up/SME Evaluation Quadrant
18.7.1 Progressive Companies
18.7.2 Responsive Companies
18.7.3 Dynamic Companies
18.7.4 Starting Blocks
Figure 63 Smart Electric Drive Market: Startup/SME Evaluation Quadrant, 2021
18.8 Right to Win, 2018-2021
Table 238 Right to Win, 2018-2021
19 Company Profiles
19.1 Key Players
19.1.1 Nidec Corporation
Table 239 Nidec Corporation: Business Overview
Figure 64 Nidec Corporation: Company Snapshot
Figure 65 Nidec Corporation: Snapshot
Table 240 Nidec Corporation: Production Footprint
Table 241 Nidec Corporation: Products Offered
Table 242 Nidec Corporation: New Product Launch
Table 243 Nidec Corporation: Deals
Table 244 Nidec Corporation: Others
19.1.2 Aisin Corporation
Table 245 Aisin Corporation: Business Overview
Figure 66 Aisin Corporation: Company Snapshot
Figure 67 Aisin Corporation: Snapshot
Figure 68 Aisin Corporation: Electric Powertrain Market
Table 246 Aisin Corporation: Products Offered
Table 247 Aisin Corporation: New Product Launch
Table 248 Aisin Corporation: Deals
Table 249 Aisin Corporation: Others
19.1.3 Borgwarner
Table 250 Borgwarner: Business Overview
Figure 69 Borgwarner: Company Snapshot
Figure 70 Borgwarner: Snapshot
Table 251 Borgwarner: Products Offered
Table 252 Borgwarner: New Product Launch
Table 253 Borgwarner: Deals
Table 254 Borgwarner: Others
19.1.4 Bosch
Table 255 Bosch: Business Overview
Figure 71 Bosch: Company Snapshot
Figure 72 Bosch: 2020 Highlights
Figure 73 Bosch: Snapshot
Figure 74 Bosch: Major Brands
Table 256 Bosch: Products Offered
Table 257 Bosch: New Product Launch
Table 258 Bosch: Deals
Table 259 Bosch: Others
19.1.5 Zf Group
Table 260 Zf Group: Business Overview
Figure 75 Zf Group: Company Snapshot
Table 261 Zf Group: Products Offered
Table 262 Zf Group: New Product Launch
Table 263 Zf Group: Deals
19.1.6 Magna International
Table 264 Magna International: Business Overview
Figure 76 Magna International: Company Snapshot
Figure 77 Magna International: E-Mobility Market Scenario
Figure 78 Magna International: E-Mobility Drivetrain
Table 265 Magna International: Products Offered
Table 266 Magna International: New Product Launch
Table 267 Magna International: Deals
19.1.7 Continental Ag
Table 268 Continental Ag: Business Overview
Figure 79 Continental Ag: Company Snapshot
Table 269 Continental Ag: Products Offered
Table 270 Continental Ag: New Product Launch
Table 271 Continental Ag: Deals
19.1.8 Siemens Ag
Table 272 Siemens: Business Overview
Figure 80 Siemens: Company Snapshot
Table 273 Siemens: Products Offered
Table 274 Siemens: New Product Launch
Table 275 Siemens: Deals
19.1.9 Gkn (Melrose)
Table 276 Gkn: Business Overview
Figure 81 Gkn.: Company Snapshot
Figure 82 Gkn: Smart Electric Drive Overview
Table 277 Gkn: Products Offered
Table 278 Gkn: New Product Launch
Table 279 Gkn: Deals
19.1.10 Meritor
Table 280 Meritor: Business Overview
Figure 83 Meritor: Company Snapshot
Table 281 Meritor: Products Offered
Table 282 Meritor: New Product Launch
Table 283 Meritor: Deals
19.1.11 Dana
Table 284 Dana: Business Overview
Figure 84 Dana: Company Snapshot
Table 285 Dana Business Operations
Table 286 Dana: Products Offered
Table 287 Dana: New Product Launch
Table 288 Dana: Deals
19.1.12 Hexagon Ab
Table 289 Hexagon Ab: Business Overview
Figure 85 Hexagon Ab: Company Snapshot
Table 290 Hexagon Ab: Products Offered
Table 291 Hexagon Ab: Deals
19.1.13 Denso
Table 292 Denso: Business Overview
Figure 86 Denso: Company Snapshot
Table 293 Denso: Products Offered
Table 294 Denso: New Product Launch
Table 295 Denso: Deals
19.1.14 Hitachi
Table 296 Hitachi: Business Overview
Figure 87 Hitachi: Company Snapshot
Table 297 Hitachi: Products Offered
Table 298 Hitachi: New Product Launch
Table 299 Hitachi: Deals
19.2 Other Players
19.2.1 Jatco
Table 300 Jatco: Business Overview
19.2.2 Meidensha Corporation
Table 301 Meidensha Corporation: Business Overview
19.2.3 Hyundai Mobis
Table 302 Hyundai Mobis: Business Overview
19.2.4 Allison Transmission
Table 303 Allison Transmission: Business Overview
19.2.5 Lg Electronics
Table 304 Lg Electronics: Business Overview
19.2.6 Jing-Jin Electric Technologies
Table 305 Jing-Jin Electric Technologies: Business Overview
19.2.7 Shanghai Automotive Smart Electric Drive
Table 306 Shanghai Automotive Smart Electric Drive: Business Overview
19.2.8 Huayu Automotive Electric System
Table 307 Huayu Automotive Electric System: Business Overview
19.2.9 ABB
Table 308 ABB: Business Overview
19.2.10 Infineon Technologies
Table 309 Infineon Technologies: Business Overview
19.2.11 Mahle
Table 310 Mahle: Business Overview
19.2.12 Smesh E-Axle
Table 311 Smesh E-Axle: Business Overview
20 Analyst's Recommendations
20.1 China to be Key Focus Area for Smart Electric Drive Market
20.2 Technological Advancements to Help Develop Market for Smart Electric Drives
20.3 Conclusion
21 Appendix
21.1 Key Insights of Industry Experts
21.2 Discussion Guide
21.3 Knowledge Store: The Subscription Portal
21.4 Available Customizations
Companies Mentioned
- 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
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 354 |
| Published | November 2021 |
| Forecast Period | 2021 - 2026 |
| Estimated Market Value ( USD | $ 915 Million |
| Forecasted Market Value ( USD | $ 4245 Million |
| Compound Annual Growth Rate | 35.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 26 |
