Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Automotive Battery Management System Market Share
The electric vehicle segment is contributing to market’s growth, driven by the increasing adoption of electric vehicles in all regions
Based on propulsion type, electric vehicles are expected to account for a sizable share of the market due to the rising requirement of cost-efficient vehicles for daily commutes. Adoption of electric vehicles is also rising due to the increasing fuel prices and knowledge about the harmful effects on the environment of vehicles operating on fossil fuels. Furthermore, the running and maintenance costs of EVs are significantly lower than their fossil fuel requiring counterparts.
The IC engine vehicle segment also play a significant role in the automotive battery management system market due to the ongoing demand for traditional vehicles and the need for efficient battery management systems in these vehicles. Robert Bosch GmbH has developed advanced BMS solutions for IC engine vehicles, focusing on optimising performance, reducing emissions, and improving overall vehicle efficiency.
Lithium-ion batteries dominate the market due to their widespread adoption in electric vehicles and hybrid electric vehicles
Based on battery type, the dominant segment is lithium-ion based batteries, driven by their widespread adoption in electric vehicles (EVs) and hybrid electric vehicles (HEVs). Lithium-ion batteries offer high energy density, long lifespan, and efficient charging capabilities, making them the preferred choice for electric vehicles.
Lead-acid based batteries, on the other hand, are primarily used in conventional internal combustion engine vehicles. As per automotive battery management system market analysis, they offer lower cost and simpler technology compared to lithium-ion batteries but have lower energy density and shorter lifespan. Nickel-based batteries are a smaller segment in the market, used primarily in hybrid electric vehicles (HEVs) and plug-in hybrid electric vehicles (PHEVs). They offer improved energy density and lifespan compared to lead-acid batteries but are more expensive than lithium-ion batteries.
Automotive Battery Management System Market Report Snapshots
Automotive Battery Management System Market Size
Automotive Battery Management System Market Growth
Automotive Battery Management System Market Trends
Automotive Battery Management System Market Share
Automotive Battery Management System Companies
Automotive Battery Management System Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Looking for specific insights?
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
Key Questions Answered in the Report
In 2023, the automotive battery management system market reached an approximate value of USD 6.94 billion.
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 USD 21.97 billion by 2032.
The major drivers of the market include the growing automotive sector, increased importance of battery management in vehicles, and efforts of various governments for strengthening electric vehicle infrastructure.
Key trends aiding market expansion include the increasing adoption of electric vehicles, technological advancements in the automotive battery management systems, and rising demand for smart technologies.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various types of batteries available in the market include lithium-ion based, lead-acid based, and nickel-based, among others.
The significant vehicles in the market include passenger vehicles and commercial vehicles.
Key players in the 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.
Purchase Full Report
Datasheet
- Selected Sections, One User
- Printing Not Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Single User License
One User
- All Sections, One User
- One Print Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Five User License
Five Users
- All Sections, Five Users
- Five Prints Allowed
- Email Delivery in PDF
- Free Limited Customisation
- Post Sales Analyst Support
50% Discount on Next Update
Corporate License
Unlimited Users
- All Sections, Unlimited Users
- Unlimited Prints Allowed
- Email Delivery in PDF + Excel
- Free Limited Customisation
- Post Sales Analyst Support
- 50% Discount on Next Update
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Strategic Solutions for Informed Decision-Making
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
- Our Insights Store:
-
Industry Statistics
-
Procurement Insights
-
Consumer Insights
Our Offices
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124