Increasing Demand for Electric & Hybrid Vehicles to Drive the Smart Electric Drive Market

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Smart Electric Drive Market by Vehicle Type (BEV,
HEV, PHEV, Electric Bus, Truck), Component (Power
Electronics, E-Brake Booster, Inverter, Motor,
Battery), Application (E-Axle, Wheel Drive),
Drive (FWD, RWD, AWD), and Region - Global
Forecast to 2022
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Battery market to be the largest market among
smart electric drive components Battery is the
power source for any smart electric drive system.
Presently, battery costs almost one third of the
total BEV price. It is observed that the battery
price has shown a decline of 20 from 2011 to
2016. Hence, considering the rapid improvements
in the battery technology, the price of the
battery is projected to decrease significantly
over the period of next five to eight years. OEMs
and battery manufacturers are working towards
development of high energy density battery to
deliver more distance coverage on a single
charge. Lithium-ion batteries are the most widely
used battery technology in electric, hybrid, and
plug-in hybrid electric vehicles for their
features like low self-discharge, good high
temperature efficiency, high energy performance,
and high power-to-weight ratio compared with
other battery technologies such as lead acid and
Nickel-Metal Hybrid. Since the automotive
industry is moving towards electric and hybrid
vehicles, the battery market is booming. PDF
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E-Wheel drive market to grow at the fastest pace
in the smart electric drive market With the
rising concerns about the factors like zero
emission, vehicle weight reduction, and the need
for space for other applications, the demand for
e-wheel drive is likely to increase in the near
future. E-Wheel drive is directly mounted on the
wheel rim, which houses the brakes, motor,
inverter, and power electronics fitted inside the
rim. Schaeffler (Germany) is the key player
operating in the e-wheel drive segment and has
tested its e-wheel drive on Ford Fiesta models.
The major benefit of e-wheel drive is the
increase in space availability in the vehicle as
many components are moved to wheel. It increases
the space up to 50, which gives the design
flexibility. Since e-wheel drive is installed in
the wheel, it delivers direct transmission to the
road, which makes driving speedy and safe. Thus,
owing to these benefits of the e-wheel drive, its
market is expected to have exponential growth in
the near future. Request for Customization
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The study segments the smart electric drive
market, by component into battery, E-brake
booster, motor, inverter, and power electronics.
The battery segment is estimated to be the
largest and fastest growing market during the
forecast period. In the present scenario, the
cost of the battery is very high, which accounts
for almost one-third of the total vehicle price.
However, due to rapid improvement in battery
technology, the price of the battery is
decreasing drastically. The smart electric drive
market is also segmented by applications (e-axle
and e-wheel drive). With the rising demand for an
increase in vehicle space and design flexibility,
the wheel drive market is projected to grow at
the highest rate during the forecast period. The
market for e-axle is estimated to have the
largest market share due to vehicle
electrification, increase in fuel economy, and
overall vehicle efficiency. Request Sample _at_
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Presence of large number of EV manufacturers and
strict emission regulations would drive the
European smart electric drive market The
European region is estimated to be the fastest
growing smart electric drive market during the
forecast period. The market growth in the region
can be attributed to the presence of many
established manufacturers such as GKN (UK), ZF
Friedrichshafen (Germany), Robert Bosch
(Germany), MAHLE (Germany), Continental
(Germany), and Siemens (Germany). Also, the
strict emission regulations, rapid improvement in
battery technology, and increasing demand for
electric, hybrid and plug-in hybrid electric
vehicles will boost the market for smart electric
drive in the region. The key companies profiled
in the study are Siemens (Germany), Hitachi
(Japan), Robert Bosch (Germany), Continental
(Germany), ZF Friedrichshafen (Germany), HYUNDAI
MOBIS (South Korea), AISIN SEIKI (Japan), Magna
(Canada), Schaeffler (Germany), MAHLE (Germany),
GKN (UK), BorgWarner (US), Infineon (Germany),
Dana (US), Linamar (Canada), American Axle (US),
AVL (Michigan), PUNCH POWERTRAIN (Belgium),
WRIGHTSPEED (US), TM4 (Canada) , UQM TECHNOLOGIES
(US), Efficient Drivetrains (US), Shanghai Edrive
(China), SINOEV (US), and Magnetic Systems
(UK). Speak to analyst _at_ https//www.marketsandmar
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Market Ecosystem The ecosystem of the smart
electric drive market for automotive consists of
manufacturers and Tier 1 suppliers such as
Siemens (Germany), Hitachi (Japan), Robert Bosch
(Germany), Continental (Germany), ZF
Friedrichshafen (Germany), HYUNDAI MOBIS (South
Korea), AISIN SEIKI (Japan), Magna (Canada),
Schaeffler (Germany), MAHLE (Germany), GKN (UK),
BorgWarner (US), Infineon (Germany), Dana (US),
Linamar (Canada), American Axle (US), AVL (US),
PUNCH POWERTRAIN (Belgium), WRIGHTSPEED (US), TM4
(Canada), UQM TECHNOLOGIES (US), Efficient
Drivetrains (US), Shanghai Edrive (China), SINOEV
(US), and Magnetic Systems (UK). Buy Now
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Browse gtgt 113 market data
tables 59 figures
169 pages and in-depth TOC "Smart
Electric Drive Market by Vehicle Type (BEV, HEV,
PHEV, Electric Bus, Truck), Component (Power
Electronics, E-Brake Booster, Inverter, Motor,
Battery), Application (E-Axle, Wheel Drive),
Drive (FWD, RWD, AWD), and Region - Global
Forecast to 2022 Early buyers will receive 10
customization on this report. This study
answers several questions for the stakeholders,
primarily which market segments to focus on in
the next two to five years to prioritize efforts
and investments.
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