Smart Electric Drive Market is expected to grow at a CAGR of around 35% during the forecast period 2021-2027. The global auto manufacturing industry is undergoing a rapid transition from reliance on internal combustion engines (ICEs) to battery electric vehicles. As per the IEA, China is the largest EV manufacturing country and accounted for nearly half of global EV sales in 2018. The transition to EVs is already underway globally, and policy makers coupled with industry stakeholders are continuously in discussion to introduce strategic infrastructure development plans to support EV adoption, globally. International competitors, including China, Japan, and countries in the European Union, are leading the buildout of EV production for their domestic markets and have signaled their interest in expanding sales worldwide.
𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲
The pandemic caused significant economic and financial disruptions on automotive industry. : The COVID-19 pandemic and various infection control measures have made a great impact on the regular operation of companies in automotive industry across the world. The initial effects of COVID-19 began in first quarter of 2020, when one after another, lockdowns were imposed all around the world to contain the spread of coronavirus. This resulted in complete shutdown of automotive industry as automakers as well as component and raw material suppliers halted their production in major auto markets such as China, India, Germany, France, among others. This scenario have had a negative impact on the smart electric drive market, as the market growth is proportional to vehicle production.
Based on Vehicle Type, the market is segmented into passenger vehicle, commercial vehicle, and two-wheelers. Commercial vehicle category is expected to witness highest CAGR of during the forecast period owing to sustained economic activities, rising spending on the infrastructure sector, increasing e-commerce and mining activities, and lower interest rates on commercial vehicles. Furthermore, market players are investing heavily on the research and launch of advance electric drive for commercial vehicles, which is further expected to drive the market. For instance, in August 2018 , Robert Bosch GmbH launched its new electric vehicle drivetrain for use in electric light commercial vehicles. It consists of multiple components like electric motor, power electronics etc.
Based on drive type, the market is bifurcated into FWD, RWD, and AWD. Among these, AWD category is expected to witness stronger demand during the forecast period. With AWD, electric motors give automobile manufacturers more direct control of power or brake torque at individual wheels, which can be even more effective for snow or ice traction than focusing weight on one end of the car or the other. Many automakers offers various variants of their electric car models such as RWD/FWD or AWD. For instance, Hyundai offers its Ioniq 5 in AWD and RWD variants in the U.S. Similarly, KIA offers its EV6 in AWD and RWD drive types. In standard version, the EV6 is available with two battery sizes – 77.4kWh and 58kWh. The larger battery pack is mated to a 229hp motor in RWD model and a pair of motors, making a combined 325hp, in AWD models. Therefore, with continuous technological innovation coupled with need of enhanced driving dynamics have pushed the (OEMs) to introduce systems which cater to this demand posed in the current environment..
Ask for Customization @ https://univdatos.com/report/smart-electric-drive-market/get-a-free-sample-form.php?product_id=15984
For a better understanding of the market, the report is analyzed based on different regions including North America (US, Canada, Rest of North America); Europe (Germany, UK, France, Italy, Rest of Europe); Asia-Pacific (China, India, Japan, South Korea, Rest of Asia-Pacific); and Rest of World. China was the largest motor vehicle producer in 2020; the country produced more than 25.2 million passenger cars and commercial vehicles in the year. . As per the IEA, China is the largest EV manufacturing country and accounted for nearly half of global EV sales in 2018. The transition to EVs is already underway globally, and policy makers coupled with industry stakeholders are continuously in discussion to determine where and how EVs, batteries, and charging infrastructure are built. International competitors, including China and countries in the European Union, are leading the buildout of EV production for their domestic markets and have signaled their interest in expanding sales worldwide and into the U.S. auto market.
The methodology for analyzing the smart electric drive market typically involves several key steps.
Market Definition and Scope: Clearly define the scope of the smart electric drive market, including the specific products or technologies covered and the geographical regions or industries included in the analysis.
Data Collection: Gather relevant data from various sources, such as industry reports, market research studies, company websites, government publications, and academic research. The data may include historical and current market size, growth rates, trends, competitive landscape, regulatory environment, and other relevant information.
Data Validation and Quality Assurance: Validate the collected data to ensure accuracy and reliability. This may involve cross-checking information from multiple sources, verifying data with industry experts, and conducting quality assurance checks.
Market Segmentation: Divide the market into meaningful segments based on factors such as product type, application, end-user industry, and geography. This segmentation helps in understanding specific market dynamics, target audience, and potential growth opportunities.
Market Analysis and Forecasting: Analyze the collected data to identify market trends, drivers, challenges, and opportunities. Use statistical techniques and market modeling tools to forecast future market growth, including factors such as demand, supply, pricing, and market share.
Click Here To View the Report Description & TOC – https://univdatos.com/report/smart-electric-drive-market/
Table of Content-
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 SMART ELECTRIC DRIVE MARKET COVID-19 IMPACT
6 SMART ELECTRIC DRIVE MARKET REVENUE (USD MN), 2019-2027F
7 MARKET INSIGHTS BY VEHICLE TYPE
8 MARKET INSIGHTS BY APPLICATION
9 MARKET INSIGHTS BY DRIVE TYPE
10 MARKET INSIGHTS BY COMPONENT
11 MARKET INSIGHTS BY REGION
12 Smart Electric Drive MARKET DYNAMICS
13 SMART ELECTRIC DRIVE MARKET OPPORTUNITIES
14 SMART ELECTRIC DRIVE MARKET TRENDS
15 POLICY AND REGULATORY LANDSCAPE
16 DEMAND AND SUPPLY SIDE ANALYSIS
17 COMPETITIVE SCENARIO
18 COMPANY PROFILED
UnivDatos Market Insights: Your Partner in Data-Driven Market Strategies. Unlock growth opportunities and make smart decisions with our expert research and insights.
UnivDatos Market Insights (UMI)
Ph: +91 7838604911