The Business Research Company’s report on the Automotive Battery Management System Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the automotive battery management system industry?
Increased adoption of electric vehicles globally is expected to propel the growth of the automotive battery management system market during the forecast period. An electronic vehicle refers to a vehicle that uses an electronic motor instead of an internal combustion engine. An automotive battery management system helps electronic vehicles by ensuring that the battery is protected and any operation out of its safety limit is prevented, and by monitoring the battery pack’s state of charge (SOC) along with the state of health (SOH). For instance, in June 2024, according to the International Council on Clean Transportation, a US-based non-profit public policy think tank, in 2023, sales of new electric light-duty vehicles in the U.S. increased to approximately 1.4 million, up from nearly 1 million in 2022. Therefore, the increased adoption of electric vehicles globally is predicted to boost demand for automotive battery management systems during the forecast period.
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What is the estimated market size of the automotive battery management system sector by 2029, based on current forecasts?
The automotive battery management system market size has grown rapidly in recent years. It will grow from $5.74 billion in 2024 to $6.73 billion in 2025 at a compound annual growth rate (CAGR) of 17.3%. The growth in the historic period can be attributed to increasing demand for electric vehicles, stringent emission regulations, advancements in battery technology, increasing adoption of renewable energy sources, growing demand for fuel-efficient vehicles.
The automotive battery management system market size is expected to see rapid growth in the next few years. It will grow to $12.33 billion in 2029 at a compound annual growth rate (CAGR) of 16.3%. The growth in the forecast period can be attributed to growing demand for electric vehicles, increasing adoption of autonomous and connected vehicles, rising demand for lightweight materials in vehicle manufacturing, growing focus on reducing carbon footprint in transportation, increasing government support for electric vehicles. Major trends in the forecast period include development of intelligent battery monitoring systems, integration of machine learning for predictive analytics, focus on thermal management in battery systems, standardization of battery interfaces and protocols, growth in energy storage applications beyond vehicles.
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Who are the top players in the automotive battery management system market?
Major companies operating in the automotive battery management system market include Robert Bosch GmbH, Continental AG, Toshiba Corporation, Intel Corporation, NXP Semiconductors NV, LG Chem Ltd., Panasonic Corporation, Samsung SDI Co. Ltd., A123 Systems LLC, Denso Corporation, Build Your Dream Company Limited, Johnson Controls International plc, Eberspächer, Calsonic Kansei Corporation, Delphi Technologies, Lear Corporation, Hitachi Automotive Systems, NEC Energy Solutions, AVL List GmbH, Texas Instruments Incorporated, Infineon Technologies AG, ON Semiconductor Corporation, Analog Devices Inc., STMicroelectronics NV, Elithion Inc., Preh GmbH, Nuvation Energy, Tianneng Power International Ltd., Battery management system PowerSafe
What are the major trends in the automotive battery management system market?
Many companies operating in the automotive battery management system market are focusing on developing innovative solutions, such as compact battery management systems (BMS), to improve energy efficiency, reduce space consumption, and enhance vehicle performance. A compact battery management system (BMS) refers to a streamlined and smaller version of the traditional BMS, designed to optimize space and weight, particularly in electric vehicles (EVs) and hybrid systems. For instance, in October 2022, Sensata Technologies Holding CO U.S. B.V., a US-based company that manufactures and sells sensors and sensor-rich solutions, launched the c-BMS24X, a compact battery management system (BMS) designed for industrial applications, low-voltage electric vehicles (EVs), and energy storage systems. This innovative system supports parallel pack configurations of up to 10 battery packs, facilitating battery swapping to minimize downtime. It features advanced software algorithms for precise monitoring of battery states, including state of charge (SOC) and state of health (SOH), and is capable of handling up to 24 cells in series with continuous currents exceeding 2000 amps.
Which geography holds the highest automotive battery management system market share?
Asia-Pacific was the largest region in the automotive battery management system market in 2024, it is also expected to be the fastest-growing region in the automotive battery management system market during the forecast period. The regions covered in the automotive battery management system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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How do different segments contribute to the overall expansion of the automotive battery management system market?
The automotive battery management system market covered in this report is segmented –
1) By Connection Topology: Centralized Automotive Battery Management Systems, Distributed Automotive Battery Management Systems, Modular Automotive Battery Management Systems
2) By Propulsion Type: IC Engine Vehicle, Electric Vehicle (HEV, PHEV, and BEV)
3) By Vehicle Type: Passenger Cars, Commercial Vehicles
Subsegments:
1) By Centralized Automotive Battery Management Systems: Single Point Control Architecture, Integrated Battery Management Units
2) By Distributed Automotive Battery Management Systems: Multiple Battery Management Units, Decentralized Communication Protocols
3) By Modular Automotive Battery Management Systems: Configurable Modules, Scalable System Design
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How is the automotive battery management system market defined, and what are its core characteristics?
An automotive battery management system refers to an electronic system that manages a rechargeable battery to ensure it operates safely and efficiently. The automotive battery management system is used to monitor the temperature across the pack, and open and closes various valves to maintain the temperature of the overall battery within a narrow temperature range to ensure optimal battery performance.
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