Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Global Smart e-Drive Market Research Report- Forec | Page 2

segmented as e-Axle and wheel drive. Among these, the e-axle segment
is expected to grow with the highest growth rate during the forecast
period. The growth of this segment can be attributed to various factors
such as increasing focus on vehicle electrification, overall vehicle
efficiency in passenger cars and increase in fuel economy. The use of
electric drive axles reduces the interface and bearing, which in turn,
results in better performance, reduced noise and less use of energy.
Smart e-Drive Market Segmentation
Based on battery type, the smart e-drive market has been segmented as
Lithium-ion, nickel-based, lead acid and solid state battery; lead acid
battery expected to grow, significantly. over the forecast period. They
require low maintenance and rechargeable batteries. This battery is the
most widely used battery type, because of its high power density and
ease of use. It comes in all shapes, voltages, amperages and sizes.
Lead acid batteries are widely accepted as they do not allow for the
addition or loss of liquid.
Geographically, the global smart e-drive market has been divided into
four major regions of North America, Europe, Asia Pacific and Rest of
the World. Europe region is expected to dominate the global smart e-
drive market over the forecast period owing to factors such as
introduction of strict emission control regulations by the government in
the region, the rapid advancements in the technology for batteries and
the boom in the demand for electric, plug in hybrid and hybrid vehicles in
the region. Also, the presence of a large number of electric vehicle
manufacturers in the region, is expected to spur the growth of the smart
e-drive market in the Europe region.
Key Players
The prominent players in the global smart e-drive market include
Siemens (Germany), Robert Bosch (Germany), Continental (Germany),
Aisin Seiki (Japan), Schaeffler (Germany), BorgWarner (US), Infineon
(Germany), UQM Technologies (US), Efficient Drivetrains (US),
Shanghai Edrive (China) and SINOEV (US).
The report for global smart e-drive market of Market Research Future
comprises of extensive primary research along with the detailed analysis
of qualitative as well as quantitative aspects by various industry experts,
key opinion leaders to gain the deeper insight of the market and industry
performance. The report gives the clear picture of current market
scenario which includes historical and projected market size in terms of
value and volume, technological advancement, macro economical and