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Smart e-Drive for Automotive: Introduction

  • A smart e-drive is an advanced integrated version of the conventional electric drive system. Smart e-drive uses the battery as a power source and provides direct transmission in the vehicle, which makes driving smooth and safe on the road. The smart e-drive includes a battery, motor generator, electric brake booster, and power booster. It provides better driving by saving energy. Daimler AG launched a smart electric drive vehicle that is equipped with smart e-drive technology.

Key Drivers of Global Smart e-Drive for Automotive Market:

  • Rise in demand for hybrid and electric vehicles, with an objective to reduce carbon emission is another reason, is anticipated to propel the market. Furthermore, advancement of truck platooning and integrated mobility solutions, which use hybrid and electric automobiles for ideal functioning, are expected to boost the demand for smart e-drive systems. This, in turn, drives the smart e-drive for automotive market across the globe.
  • Implementation of stringent norms on the automotive industry regarding emission and concerns by global regulatory bodies are also anticipated to augment the smart e-Drive for automotive market.
  • Increase in demand for electric vehicles, strategic initiatives by several key players, and government initiatives to increase the sale of electric vehicles are key factors that are expected to boost the demand for smart e-drive for automotive during the forecast period
  • The trend of urbanization is growing at an exponential rate, which is leading to increase in the average income of urban population, enabling them to enhance their lifestyles. Furthermore, a rise in the demand for passenger cars is prompting manufacturers to increase the production of vehicles, which in turn is boosting the smart e-drive for automotive market across the globe.

Global Smart e-Drive for Automotive Market to Offer Attractive Opportunities:

  • Weight reduction and space for other applications can be fulfilled by smart e-Drive. Numerous benefits such as high reliability, compact size, higher torque generation, and more built-in functionalities are estimated to boost the smart e-Drive for automotive market during the forecast period. This is expected to provide lucrative opportunities for the automobile industry.

Challenges of Global Smart e-Drive for Automotive Market:

  • Higher price of electric cars, higher investment to develop smart e-drive for automotive, and lack of awareness regarding electric vehicles are key factors that propel the smart e-drive for automotive market across the globe.
  • Stringent norms and regulations enacted by several governments for the development and manufacture of electric vehicles have led to the production of electric vehicles in some countries, which in turn is estimated to restrain the smart e-drive for automotive market across the globe

Europe to Hold Significant Share of Global Smart e-Drive for Automotive Market:

  • Europe accounts for a major share of the global smart e-drive for automotive market, owing to the high rate of adoption of smart e-drive and upgrade of infrastructure in the region. The automotive industry has been expanding in the region, especially in Germany, U.K., France, and Italy owing to rapid technological developments in the region. The smart e-drive market is also projected to expand during the forecast period due to government subsidies on electric vehicles in the region.

Key Players Operating in Global Market:

The global smart e-drive for automotive market is highly fragmented with top manufacturers across the global market. A few of the key players operating and potential in the global smart e-drive for automotive market are:

  • Robert Bosch GmBH
  • ZF Friedrichshafen AG
  • Siemens AG
  • GKN PLC
  • Hitachi, Ltd.
  • Magna International Inc.
  • AISIN SEIKI Co., Ltd.
  • Continental AG
  • Schaeffler AG
  • SMR
  • Magnetic Systems Technology
  • ACTIA Group
  • BorgWarner
  • ABM Greiffenberger
  • AVL List Gmbh

Global Smart e-Drive for Automotive Market: Research Scope

Global Smart e-Drive for Automotive Market, by Component

  • Battery
  • Motor Generator
  • Power Electronics
  • E-Brake Booster

Global Smart e-Drive for Automotive Market, by Vehicle Type

  • Passenger Vehicle
    • Hatchback
    • Sedan
    • Utility Vehicles
  • Commercial Vehicle
  • Trucks

Global Smart e-Drive for Automotive Market, by Electric Vehicle Type

  • Battery Electric Vehicles
  • Plug-In Hybrid Electric vehicles
  • Hybrid Electric Vehicles
  • Electric Bus

Global Smart e-Drive for Automotive Market, by Drive Type

  • Front Wheel Drive
  • Rear Wheel Drive
  • Others

Global Smart e-Drive for Automotive Market, by Application

  • E-axle
  • Wheel Drive

Global Smart e-Drive for Automotive Market, by Battery Type

  • Lithium-ion
  • Nickel-based
  • Lead Acid and Solid State Battery

Global Smart e-Drive for Automotive Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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