Automotive Battery Management System Market Report: Trends, Forecast and Competitive Analysis to 2030

Automotive Battery Management System Trends and Forecast

The future of the global automotive battery management system market looks promising with opportunities in the passenger vehicle and commercial vehicle markets. The global automotive battery management system market is expected to reach an estimated $14.85 billion by 2030 with a CAGR of 18.6% from 2024 to 2030. The major drivers for this market are increasing penetration of electric vehicles, rising electrification of public transportation, and government-sponsored programs to increase the use of EVs.

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Automotive Battery Management System by Segment

The study includes a forecast for the global automotive battery management system by battery type, component, topology, application, and region.

Automotive Battery Management System Market by Battery Type [Shipment Analysis by Value from 2018 to 2030]:

• Lithium-Ion
• Lead-Acid
• Other Batteries

Automotive Battery Management System Market by Component [Shipment Analysis by Value from 2018 to 2030]:

• Hardware
• Software

Automotive Battery Management System Market by Topology [Shipment Analysis by Value from 2018 to 2030]:

• Modular
• Centralized
• Distributed

Automotive Battery Management System Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Passenger Vehicles
• Commercial Vehicles
• Other Vehicles

Automotive Battery Management System Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Automotive Battery Management System Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive battery management system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive battery management system companies profiled in this report include-

• Eberspacher
• Sensata Technologies
• AVL
• LG Energy Solution
• Ficosa Internacional

Automotive Battery Management System Market Insights

Lucintel forecasts that lithium-ion battery is expected to witness the higher growth over the forecast period due to its superior energy density, low self-discharge, and power-to-weight ratio.

Within this market, passenger vehicle will remain the larger segment due to rising popularity of electric vehicles (EVs) in the passenger vehicle segment.

APAC is expected to witness highest growth over the forecast period due to raw materials' ready availability and increasing adoption of electric vehicles in the region.

Features of the Global Automotive Battery Management System Market

Market Size Estimates: Automotive battery management system market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Automotive battery management system market size by various segments, such as by battery type, component, topology, application, and region in terms of value ($B).

Regional Analysis: Automotive battery management system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different battery types, components, topology, applications, and regions for the automotive battery management system market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive battery management system market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the automotive battery management system market size?

Answer: The global automotive battery management system market is expected to reach an estimated $14.85 billion by 2030.

Q2. What is the growth forecast for automotive battery management system market?

Answer: The global automotive battery management system market is expected to grow with a CAGR of 18.6% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the automotive battery management system market?

Answer: The major drivers for this market are increasing penetration of electric vehicles, rising electrification of public transportation and government-sponsored programs to increase the use of EVs.

Q4. What are the major segments for automotive battery management system market?

Answer: The future of the automotive battery management system market looks promising with opportunities in the passenger vehicle and commercial vehicle markets.

Q5. Who are the key automotive battery management system market companies?

Answer: Some of the key automotive battery management system companies are as follows.

• Eberspacher
• Sensata Technologies
• AVL
• LG Energy Solution
• Ficosa Internacional

Q6. Which automotive battery management system market segment will be the largest in future?

Answer: Lucintel forecasts that lithium-ion battery is expected to witness the higher growth over the forecast period due to its superior energy density, low self-discharge, and power-to-weight ratio.

Q7. In automotive battery management system market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to raw materials' ready availability and increasing adoption of electric vehicles in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the automotive battery management system market by battery type (lithium-ion, lead-acid, and other batteries), component (hardware and software), topology (modular , centralized, and distributed), application (passenger vehicles, commercial vehicles, and other vehicles), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?