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Smart Electric Drive Industry Growth: Forecast to Exceed USD 18.5 Billion by 2031 | # Market Size # Share Insights # Forecasts

Smart Electric Drive Industry Growth: Forecast to Exceed USD 18.5 Billion by 2031

Smart Electric Drive Industry Growth: Forecast to Exceed USD 18.5 Billion by 2031

The Smart Electric Drive Market size was valued at USD 1,720.0 million in 2023 and is projected to grow from USD 2,257.8 million in 2024 to USD 18,506.9 million by 2031, exhibiting a CAGR of 35.06% during the forecast period. A notable shift toward autonomous vehicles and growing adoption