Global smart e-drive market is expected to grow at a steady rate during the forecast period. The global smart e-drive market is driven by the increasing air pollution and climate change. This has led to the need for reducing the greenhouse gases emissions. This in turn is expected to positively impact the market growth through 2026. Additionally, stringent government policies and mandates for fleet level emissions are further expected to propel the market over the next few years. Furthermore, benefits such as reliability, weight & space reductions, compact size, lesser emissions have drastically increased the demand for hybrid and electric vehicles. However, high cost of the technology can hamper the market growth through 2026. Besides, lack of infrastructure and long-term ROI can further restrict the market growth over the next few years. 

The global smart e-drive market is segmented based on vehicle type, component, drive type, application, battery type, demand category, company, and region. Based on vehicle type, the market can be categorized into HEV, PHEV and BEV. The PHEV segment is expected to dominate the market owing to their better fuel efficiencies, cost-effectiveness, and lower vehicular emissions. While the HEV segment is expected to register significant growth on account of the increased acceptance from the customers. Based on drive type, the market can be fragmented into FWD, RWD and AWD. The FWD segment is expected to dominate the market on account of its low cost and fuel efficiency. On the contrary, AWD is expected to witness the highest growth attributable to the benefits such as better acceleration, traction and towing capabilities offered by AWD. 

Regionally, the smart e-drive market has been segmented into various regions including Asia-Pacific, North America, South America, Europe, and Middle East & Africa. North America is expected to dominate the overall smart e-drive market owing to the growing demand for green vehicles. Additionally, the growing need for reducing the overall weight of the vehicle is further expected to create lucrative opportunities for the market growth in the region. 

The major players operating in the smart e-drive market are Magna International Inc, Robert Bosch GmbH, GKN plc, Hitachi Ltd., Hyundai Mobis Co. Ltd., Continental AG, Siemens AG, Schaeffler AG, ZF Friedrichshafen AG, BorgWarner Inc., and others. Major companies are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.

Years considered for this report:

Historical Years: 2016-2019

Base Year: 2020

Estimated Year: 2021

Forecast Period: 2022–2026

Objective of the Study:

  • To analyze and estimate the market size of global smart e-drive market from 2016 to 2019.
  • To estimate and forecast the market size of global smart e-drive market from 2020 to 2026 and growth rate until 2026.
  • To classify and forecast global smart e-drive market based on vehicle type, component, drive type, application, battery type, demand category, company and regional distribution.
  • To identify dominant region or segment in the global smart e-drive market.
  • To identify drivers and challenges for global smart e-drive market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global smart e-drive market.
  • To identify and analyze the profile of leading players operating in global smart e-drive market.
  • To identify key sustainable strategies adopted by market players in global smart e-drive market.


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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.

TechSci Research calculated the market size of global smart e-drive market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Smart e-drive manufacturers/ suppliers/ distributors
  • Market research and consulting firms
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to smart e-drive

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global smart e-drive market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Global Smart e-drive Market, By Vehicle Type:
    • HEV
    • PHEV
    • BEV
  • Global Smart e-drive Market, By Component:
    • Power Electronics
    • E-Brake Booster
    • Inverter
    • Motor
    • Battery
    • Others
  • Global Smart e-drive Market, By Drive Type:
    • FWD
    • RWD
    • AWD
  • Global Smart e-drive Market, By Application:
    • E-Axle
    • Wheel Drive
  • Global Smart e-drive Market, By Battery Type:
    • Lithium-ion
    • Nickel-based
    • Solid state battery
    • Others
  • Global Smart e-drive Market, By Demand Category:
    • OEM
    • Aftermarket
  • Global Smart e-drive Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
    • Asia-Pacific
      • China
      • Japan
      • India
      • South Korea
      • Australia
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Kuwait
    • South America
      • Brazil
      • Argentina
      • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global smart e-drive market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
Global smart e-drive market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at sales@techsciresearch.com  

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Global Smart e-Drive Market

4.    Executive Summary

5.    Voice of Customer

6.    Global Smart e-Drive Market Outlook

6.1.  Market Drive Type & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Vehicle Type (HEV, PHEV, BEV)

6.2.2.     By Component (Power Electronics, E-Brake Booster, Inverter, Motor, Battery, Others)

6.2.3.     By Drive Type (FWD, RWD, AWD)

6.2.4.     By Application (E-Axle, Wheel Drive)

6.2.5.     By Battery Type (Lithium-ion, Nickel-based, Solid state battery, Others)

6.2.6.     By Demand Category (OEM v/s Aftermarket)

6.2.7.     By Company (2020)

6.2.8.     By Region

6.3.  Market Attractiveness Index

7.    Asia-Pacific Smart e-Drive Market Outlook

7.1.  Market Drive Type & Forecast 

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Vehicle Type

7.2.2.     By Component

7.2.3.     By Drive Type

7.2.4.     By Application

7.2.5.     By Battery Type

7.2.6.     By Demand Category

7.2.7.     By Country

7.3.  Asia-Pacific: Country Analysis

7.3.1.     China Smart e-Drive Market Outlook

7.3.1.1.         Market Drive Type & Forecast

7.3.1.1.1.             By Value & Volume

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Vehicle Type

7.3.1.2.2.             By Component

7.3.1.2.3.             By Drive Type

7.3.1.2.4.             By Application

7.3.1.2.5.             By Battery Type

7.3.1.2.6.             By Demand Category

7.3.2.     India Smart e-Drive Market Outlook

7.3.2.1.         Market Drive Type & Forecast

7.3.2.1.1.             By Value & Volume

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Vehicle Type

7.3.2.2.2.             By Component

7.3.2.2.3.             By Drive Type

7.3.2.2.4.             By Application

7.3.2.2.5.             By Battery Type

7.3.2.2.6.             By Demand Category

7.3.3.     Australia Smart e-Drive Market Outlook

7.3.3.1.         Market Drive Type & Forecast

7.3.3.1.1.             By Value & Volume

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Vehicle Type

7.3.3.2.2.             By Component

7.3.3.2.3.             By Drive Type

7.3.3.2.4.             By Application

7.3.3.2.5.             By Battery Type

7.3.3.2.6.             By Demand Category

7.3.4.     Japan Smart e-Drive Market Outlook

7.3.4.1.         Market Drive Type & Forecast

7.3.4.1.1.             By Value & Volume

7.3.4.2.         Market Share & Forecast

7.3.4.2.1.             By Vehicle Type

7.3.4.2.2.             By Component

7.3.4.2.3.             By Drive Type

7.3.4.2.4.             By Application

7.3.4.2.5.             By Battery Type

7.3.4.2.6.             By Demand Category

7.3.5.     South Korea Smart e-Drive Market Outlook

7.3.5.1.         Market Drive Type & Forecast

7.3.5.1.1.             By Value & Volume

7.3.5.2.         Market Share & Forecast

7.3.5.2.1.             By Vehicle Type

7.3.5.2.2.             By Component

7.3.5.2.3.             By Drive Type

7.3.5.2.4.             By Application

7.3.5.2.5.             By Battery Type

7.3.5.2.6.             By Demand Category

8.    Europe Smart e-Drive Market Outlook

8.1.  Market Drive Type & Forecast 

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Vehicle Type

8.2.2.     By Component

8.2.3.     By Drive Type

8.2.4.     By Application

8.2.5.     By Battery Type

8.2.6.     By Demand Category

8.2.7.     By Country

8.3.  Europe: Country Analysis

8.3.1.     France Smart e-Drive Market Outlook

8.3.1.1.         Market Drive Type & Forecast

8.3.1.1.1.             By Value & Volume

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Vehicle Type

8.3.1.2.2.             By Component

8.3.1.2.3.             By Drive Type

8.3.1.2.4.             By Application

8.3.1.2.5.             By Battery Type

8.3.1.2.6.             By Demand Category

8.3.2.     Germany Smart e-Drive Market Outlook

8.3.2.1.         Market Drive Type & Forecast

8.3.2.1.1.             By Value & Volume

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Vehicle Type

8.3.2.2.2.             By Component

8.3.2.2.3.             By Drive Type

8.3.2.2.4.             By Application

8.3.2.2.5.             By Battery Type

8.3.2.2.6.             By Demand Category

8.3.3.     United Kingdom Smart e-Drive Market Outlook

8.3.3.1.         Market Drive Type & Forecast

8.3.3.1.1.             By Value & Volume

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Vehicle Type

8.3.3.2.2.             By Component

8.3.3.2.3.             By Drive Type

8.3.3.2.4.             By Application

8.3.3.2.5.             By Battery Type

8.3.3.2.6.             By Demand Category

8.3.4.     Italy Smart e-Drive Market Outlook

8.3.4.1.         Market Drive Type & Forecast

8.3.4.1.1.             By Value & Volume

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Vehicle Type

8.3.4.2.2.             By Component

8.3.4.2.3.             By Drive Type

8.3.4.2.4.             By Application

8.3.4.2.5.             By Battery Type

8.3.4.2.6.             By Demand Category

8.3.5.     Spain Smart e-Drive Market Outlook

8.3.5.1.         Market Drive Type & Forecast

8.3.5.1.1.             By Value & Volume

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Vehicle Type

8.3.5.2.2.             By Component

8.3.5.2.3.             By Drive Type

8.3.5.2.4.             By Application

8.3.5.2.5.             By Battery Type

8.3.5.2.6.             By Demand Category

9.    North America Smart e-Drive Market Outlook

9.1.  Market Drive Type & Forecast 

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Vehicle Type

9.2.2.     By Component

9.2.3.     By Drive Type

9.2.4.     By Application

9.2.5.     By Battery Type

9.2.6.     By Demand Category

9.2.7.     By Country

9.3.  North America: Country Analysis

9.3.1.     United States Smart e-Drive Market Outlook

9.3.1.1.         Market Drive Type & Forecast

9.3.1.1.1.             By Value & Volume

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Vehicle Type

9.3.1.2.2.             By Component

9.3.1.2.3.             By Drive Type

9.3.1.2.4.             By Application

9.3.1.2.5.             By Battery Type

9.3.1.2.6.             By Demand Category

9.3.2.     Mexico Smart e-Drive Market Outlook

9.3.2.1.         Market Drive Type & Forecast

9.3.2.1.1.             By Value & Volume

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Vehicle Type

9.3.2.2.2.             By Component

9.3.2.2.3.             By Drive Type

9.3.2.2.4.             By Application

9.3.2.2.5.             By Battery Type

9.3.2.2.6.             By Demand Category

9.3.3.     Canada Smart e-Drive Market Outlook

9.3.3.1.         Market Drive Type & Forecast

9.3.3.1.1.             By Value & Volume

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Vehicle Type

9.3.3.2.2.             By Component

9.3.3.2.3.             By Drive Type

9.3.3.2.4.             By Application

9.3.3.2.5.             By Battery Type

9.3.3.2.6.             By Demand Category

10.  South America Smart e-Drive Market Outlook

10.1.              Market Drive Type & Forecast  

10.1.1.  By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Vehicle Type

10.2.2.  By Component

10.2.3.  By Drive Type

10.2.4.  By Application

10.2.5.  By Battery Type

10.2.6.  By Demand Category

10.2.7.  By Country

10.3.              South America: Country Analysis

10.3.1.  Brazil Smart e-Drive Market Outlook

10.3.1.1.      Market Drive Type & Forecast

10.3.1.1.1.           By Value & Volume

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Vehicle Type

10.3.1.2.2.           By Component

10.3.1.2.3.           By Drive Type

10.3.1.2.4.           By Application

10.3.1.2.5.           By Battery Type

10.3.1.2.6.           By Demand Category

10.3.2.  Argentina Smart e-Drive Market Outlook

10.3.2.1.      Market Drive Type & Forecast

10.3.2.1.1.           By Value & Volume

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Vehicle Type

10.3.2.2.2.           By Component

10.3.2.2.3.           By Drive Type

10.3.2.2.4.           By Application

10.3.2.2.5.           By Battery Type

10.3.2.2.6.           By Demand Category

10.3.3.  Colombia Smart e-Drive Market Outlook

10.3.3.1.      Market Drive Type & Forecast

10.3.3.1.1.           By Value & Volume

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Vehicle Type

10.3.3.2.2.           By Component

10.3.3.2.3.           By Drive Type

10.3.3.2.4.           By Application

10.3.3.2.5.           By Battery Type

10.3.3.2.6.           By Demand Category

11.  Middle East and Africa Smart e-Drive Market Outlook

11.1.              Market Drive Type & Forecast  

11.1.1.  By Value & Volume

11.2.              Market Share & Forecast

11.2.1.  By Vehicle Type

11.2.2.  By Component

11.2.3.  By Drive Type

11.2.4.  By Application

11.2.5.  By Battery Type

11.2.6.  By Demand Category

11.2.7.  By Country

11.3.              MEA: Country Analysis

11.3.1.  South Africa Smart e-Drive Market Outlook

11.3.1.1.      Market Drive Type & Forecast

11.3.1.1.1.           By Value & Volume

11.3.1.2.      Market Share & Forecast

11.3.1.2.1.           By Vehicle Type

11.3.1.2.2.           By Component

11.3.1.2.3.           By Drive Type

11.3.1.2.4.           By Application

11.3.1.2.5.           By Battery Type

11.3.1.2.6.           By Demand Category

11.3.2.  Saudi Arabia Smart e-Drive Market Outlook

11.3.2.1.      Market Drive Type & Forecast

11.3.2.1.1.           By Value & Volume

11.3.2.2.      Market Share & Forecast

11.3.2.2.1.           By Vehicle Type

11.3.2.2.2.           By Component

11.3.2.2.3.           By Drive Type

11.3.2.2.4.           By Application

11.3.2.2.5.           By Battery Type

11.3.2.2.6.           By Demand Category

11.3.3.  UAE Smart e-Drive Market Outlook

11.3.3.1.      Market Drive Type & Forecast

11.3.3.1.1.           By Value & Volume

11.3.3.2.      Market Share & Forecast

11.3.3.2.1.           By Vehicle Type

11.3.3.2.2.           By Component

11.3.3.2.3.           By Drive Type

11.3.3.2.4.           By Application

11.3.3.2.5.           By Battery Type

11.3.3.2.6.           By Demand Category

11.3.4.  Kuwait Smart e-Drive Market Outlook

11.3.4.1.      Market Drive Type & Forecast

11.3.4.1.1.           By Value & Volume

11.3.4.2.      Market Share & Forecast

11.3.4.2.1.           By Vehicle Type

11.3.4.2.2.           By Component

11.3.4.2.3.           By Drive Type

11.3.4.2.4.           By Application

11.3.4.2.5.           By Battery Type

11.3.4.2.6.           By Demand Category

12.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Market Trends & Developments

14.  Competitive Landscape

14.1.              Magna International Inc.

14.2.              Robert Bosch GmbH

14.3.              GKN plc

14.4.              Hitachi Ltd.

14.5.              Hyundai Mobis Co. Ltd.

14.6.              Continental AG

14.7.              Siemens AG

14.8.              Schaeffler AG

14.9.              ZF Friedrichshafen AG

14.10.            BorgWarner Inc.

15.  Strategic Recommendations

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