Global and United States Smart Electric Drive Market Report & Forecast 2022-2028

A Smart Electric 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 efficient driving by saving energy.
Market Analysis and Insights: Global and United States Smart Electric Drive Market
This report focuses on global and United States Smart Electric Drive market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global Smart Electric Drive market size is estimated to be worth US$ 487.7 million in 2022 and is forecast to a readjusted size of US$ 2711.5 million by 2028 with a CAGR of 33.1% during the review period. Fully considering the economic change by this health crisis, by Type, Front Wheel Smart Electric Drive accounting for % of the Smart Electric Drive global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Application, Passenger Vehicles was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.
Europe is estimated to be the fastest growing market during the forecast period. In Europe, the growth of the smart electric drive market has been observed owing to strict government norms on emissions, a large base of tier-1 and OEMs, and rapid development of charging infrastructure. North America is estimated to be the largest market during the period of study. The market growth in North America can be attributed to state-of-the-art technology, vehicle weight reduction, and increasing demand for green vehicles, which ultimately increases the application of smart electric drive.
Global Smart Electric Drive Scope and Market Size
Smart Electric Drive market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Smart Electric Drive market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
For United States market, this report focuses on the Smart Electric Drive market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.

Segment by Type
Front Wheel Smart Electric Drive
Rear Wheel Smart Electric Drive
All Wheel Smart Electric Drive

Segment by Application
Passenger Vehicles
Commercial Vehicles

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E

By Company
GKN
Magna
Continental
Siemens
Schaeffler
ZF
Mahle
Robert Bosch
Borgwarner
Hitachi
Hyundai Mobis
Aisin Seiki
Infineon