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Global Automotive Battery Management System Market Share: By Battery Type: Lithium-Ion Based, Lead-Acid Based, Nickel-Based, Others; By Vehicle Type: Passenger Vehicle, Commercial Vehicle; By Component: Battery IC, Battery Sensor, Others; By Propulsion Type; By End-Use; Regional Analysis; Competitive Landscape; 2024-2032
Global Automotive Battery Management System Market Outlook
The global automotive battery management system market size reached a value of approximately USD 6.94 billion in 2023. The market is further expected to grow at a CAGR of 13.60% between 2024 and 2032, reaching a value of USD 21.97 billion by 2032.
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Key Trends in the Market
An automotive battery management system accurately optimises, monitors, and protects the performance of the batteries of an automotive. It manages the electronics of battery packs and cells, thus ensuring the vehicle safety. It also ensures that the cell operates within the safe operating parameters, therefore safeguarding both the battery and the user.
- The key automotive battery management system market trends include rising adoption of electric vehicles due to growing environment consciousness. Electric vehicles are known to generate fewer greenhouse gasses and air pollutants as compared to vehicles operating upon diesel and petrol, additionally they are more efficient than vehicles running on fossil fuels.
- Another factor positively influencing the automotive battery management system market growth is technological advancements in automotive battery management systems. Increasing measures are being taken by key market players for developing automotive battery management systems with higher energy density, longer life cycle, greater efficiency, and better performance at high temperatures.
- The rising demand for intelligent automotive battery management systems is projected to fuel the growth of the market over the forecast period. Advanced intelligent technologies include digital-twin battery pack, self-reconfigurable batteries, and battery swapping technology, among others.
Global Automotive Battery Management System Market Analysis
On the basis of battery type, the market is divided into lithium-ion based, lead-acid based, and nickel-based, among others. Based on vehicle type, the market is bifurcated into passenger vehicle and commercial vehicle. On the basis of component, the market is segregated into battery IC and battery sensor, among others. Based on propulsion type, the market is classified into IC engine vehicle and electric vehicle. On the basis of end-use, the market is bifurcated into OEM and aftermarket. Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global automotive battery management system market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Robert Bosch GmbH
- Continental AG
- Hitachi Ltd (Hitachi High-Tech Corporation)
- Marelli Holdings Co., Ltd.
- NXP Semiconductors N.V.
- Denso Corporation
- Panasonic Holdings Corporation
- Johnson Matthey
- Analog Devices, Inc.
- LG Chem Ltd (LG Energy Solution Ltd)
- Others
Global Automotive Battery Management System Market Share by Propulsion Type
Electric vehicles are expected to account for a sizable share of the market based on propulsion type due to the rising requirement of personal vehicles for increasing commutes. Adoption of electric vehicles is boosting due to rising fuel prices and increasing knowledge about the harmful effects on the environment of vehicles operating on fossil fuels. Furthermore, the running and maintenance costs of electric vehicles are significantly lower than their fossil fuel requiring counterparts.
Global Automotive Battery Management System Market Share by Region
The Asia Pacific region is anticipated to account for a significant share of the market for automotive battery management systems, supported by the growing demand for electric vehicles in the region due. Various initiatives are being taken by governments of countries in the Asia Pacific region to reduce the emission of air pollutants and greenhouse gasses, which are further bolstering the adoption of electric vehicles for public transportation. Additionally, the expansion of the automotive sector in countries such as India and China are also boosting the requirement for automotive battery management systems.
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Competitive Landscape
Robert Bosch GmbH, established in 1886 and headquartered in Gerlingen, Germany, is one of the leading suppliers of technology and services. Their specialities include industrial technology, artificial intelligence, energy and building technology, consumer goods, sustainable technologies, and mobility solutions, among others.
Continental AG is a motor vehicle manufacturing company that was founded in 1871 and is based in Hanover, Germany. They develop pioneering technologies and services offering intelligent, safe, affordable, and efficient solutions for machines, vehicles, transportation, and traffic.
Hitachi Ltd (Hitachi High-Tech Corporation) is an appliances, electricals and electronics manufacturing company that was established in 1947 and is headquartered in Tokyo, Japan. They develop and market innovative products and services across industries including electron microscopes and medical systems, industrial and IT systems, life sciences, analytical systems, and semiconductor manufacturing equipment, among others.
Other market players include Marelli Holdings Co., Ltd., NXP Semiconductors N.V., Denso Corporation, Panasonic Holdings Corporation, Johnson Matthey, Analog Devices, Inc., and LG Chem Ltd (LG Energy Solution Ltd), among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Battery Type |
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| Breakup by Vehicle Type |
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| Breakup by Component |
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| Breakup by Propulsion Type |
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| Breakup by End-Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Automotive Battery Management System Market Analysis
8.1 Key Industry Highlights
8.2 Global Automotive Battery Management System Historical Market (2018-2023)
8.3 Global Automotive Battery Management System Market Forecast (2024-2032)
8.4 Global Automotive Battery Management System Market by Battery Type
8.4.1 Lithium-Ion Based
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Lead-Acid Based
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Nickel-Based
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Automotive Battery Management System Market by Vehicle Type
8.5.1 Passenger Vehicle
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Commercial Vehicle
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Automotive Battery Management System Market by Component
8.6.1 Battery IC
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Battery Sensor
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Others
8.7 Global Automotive Battery Management System Market by Propulsion Type
8.7.1 IC Engine Vehicle
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Electric Vehicle
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.8 Global Automotive Battery Management System Market by End-Use
8.8.1 OEM
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Aftermarket
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.9 Global Automotive Battery Management System Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2023)
8.9.3.2 Forecast Trend (2024-2032)
8.9.4 Latin America
8.9.4.1 Historical Trend (2018-2023)
8.9.4.2 Forecast Trend (2024-2032)
8.9.5 Middle East and Africa
8.9.5.1 Historical Trend (2018-2023)
8.9.5.2 Forecast Trend (2024-2032)
9 North America Automotive Battery Management System Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Automotive Battery Management System Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Automotive Battery Management System Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Automotive Battery Management System Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Automotive Battery Management System Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
14.5 Automotive Production by Country/Region
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Robert Bosch GmbH
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Continental AG
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Hitachi Ltd (Hitachi High-Tech Corporation)
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Marelli Holdings Co., Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 NXP Semiconductors N.V.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Denso Corporation
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Panasonic Holdings Corporation
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Johnson Matthey
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Analog Devices, Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 LG Chem Ltd (LG Energy Solution Ltd)
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Automotive Battery Management System Market: Key Industry Highlights, 2018 and 2032
2. Global Automotive Battery Management System Historical Market: Breakup by Battery Type (USD Million), 2018-2023
3. Global Automotive Battery Management System Market Forecast: Breakup by Battery Type (USD Million), 2024-2032
4. Global Automotive Battery Management System Historical Market: Breakup by Vehicle Type (USD Million), 2018-2023
5. Global Automotive Battery Management System Market Forecast: Breakup by Vehicle Type (USD Million), 2024-2032
6. Global Automotive Battery Management System Historical Market: Breakup by Component (USD Million), 2018-2023
7. Global Automotive Battery Management System Market Forecast: Breakup by Component (USD Million), 2024-2032
8. Global Automotive Battery Management System Historical Market: Breakup by Propulsion Type (USD Million), 2018-2023
9. Global Automotive Battery Management System Market Forecast: Breakup by Propulsion Type (USD Million), 2024-2032
10. Global Automotive Battery Management System Historical Market: Breakup by End-Use (USD Million), 2018-2023
11. Global Automotive Battery Management System Market Forecast: Breakup by End-Use (USD Million), 2024-2032
12. Global Automotive Battery Management System Historical Market: Breakup by Region (USD Million), 2018-2023
13. Global Automotive Battery Management System Market Forecast: Breakup by Region (USD Million), 2024-2032
14. North America Automotive Battery Management System Historical Market: Breakup by Country (USD Million), 2018-2023
15. North America Automotive Battery Management System Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Europe Automotive Battery Management System Historical Market: Breakup by Country (USD Million), 2018-2023
17. Europe Automotive Battery Management System Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Asia Pacific Automotive Battery Management System Historical Market: Breakup by Country (USD Million), 2018-2023
19. Asia Pacific Automotive Battery Management System Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Latin America Automotive Battery Management System Historical Market: Breakup by Country (USD Million), 2018-2023
21. Latin America Automotive Battery Management System Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Middle East and Africa Automotive Battery Management System Historical Market: Breakup by Country (USD Million), 2018-2023
23. Middle East and Africa Automotive Battery Management System Market Forecast: Breakup by Country (USD Million), 2024-2032
24. Global Automotive Battery Management System Market Structure
Key Questions Answered in the Report
The market size reached a value of approximately USD 6.94 billion in 2023.
The market is expected to grow at a CAGR of 13.60% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 21.97 billion by 2032.
The major market drivers include the growing automotive sector, increased importance of battery management in vehicles, and efforts of various governments for strengthening electric vehicle infrastructure.
The key trends fuelling the growth of the market include increasing adoption of electric vehicles, technological advancements in the automotive battery management systems, and rising demand for smart technologies.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various battery types in the market include lithium-ion based, lead-acid based, and nickel-based, among others.
The significant vehicles in the market include passenger vehicle and commercial vehicle.
The key players in the global automotive battery management system market are Robert Bosch GmbH, Continental AG, Hitachi Ltd (Hitachi High-Tech Corporation), Marelli Holdings Co., Ltd., NXP Semiconductors N.V., Denso Corporation, Panasonic Holdings Corporation, Johnson Matthey, Analog Devices, Inc., and LG Chem Ltd (LG Energy Solution Ltd), among others.
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