DUBLIN, Feb. 8, 2024 (GLOBE NEWSWIRE) — “Automotive Battery Management Systems Market” by Battery Type (Lithium-Ion, Lead-Acid, Nickel-Based, Solid-State), Topology (Modular, Centralized, Distributed) Application (Passenger Cars, Commercial Vehicles) and Region – Global Forecast to 2028'' report has been added. ResearchAndMarkets.com Recruitment.
The global automotive battery management system (BMS) market size is expected to grow from $4.7 billion in 2023 to $11.7 billion in 2028, growing at a CAGR of 19.8% from 2023 to 2028. A battery management system is essential for multiple battery-related monitoring. Measures for voltage, current, charging, power, health, safety, etc. Within the automotive industry, battery-powered vehicles are divided into three categories: passenger cars, commercial vehicles, and other vehicles, and cover a wide range of applications such as cars, buses, trucks, electric bicycles, two-wheelers, and three-wheelers. owner of the wheel. Several factors are driving the popularity of EVs, including environmental concerns, advances in battery technology, and expanding charging infrastructure. Therefore, the demand for automotive BMS is expected to increase during the forecast period as the adoption of electric vehicles increases globally.
The automotive BMS market is segmented by component, system type, battery type, topology, application, and region. By component, the market is segmented into hardware and software. Based on system type, the market is segmented into standalone BMS and integrated BMS. The battery type segment market is divided into lithium-ion batteries, lead-acid batteries, etc. The market is segmented into modular, centralized, and distributed topology segments. Additionally, application segments include passenger cars, commercial vehicles, and other vehicles. The study also forecasts the market size for four major regions: North America, Europe, Asia Pacific, and RoW.
The major companies are Eberspacher (Germany), Sensata Technologies, Inc. (USA), AVL (Austria), LG Energy Solution (South Korea), Ficosa Internacional SA (Spain), Leclanche SA (Switzerland), Nuvation Energy (USA), Futavis GmbH (Germany), and AMP (USA).
Modular topology segment is projected to grow at the highest CAGR during the forecast period
Modular configurations are also known as distributed, star, or master-slave topologies. Each cell board handles a certain number of cells in a modular structure. Communication interfaces are used to connect master control boards and slave boards that help control system operations. The automotive BMS modular architecture consists of two topologies: master/slave and peer-to-peer. Modular BMS architectures offer a trade-off between the advantages and disadvantages of centralized and distributed topologies. Most manufacturers prefer modular topologies, which offer greater computational power and are safer because they do not require extensive wiring harnesses.
The North American market is expected to grow at a significant CAGR during the forecast period
The North American automotive BMS market is further segmented into the United States, Canada, and Mexico. The implementation of many clean energy initiatives, such as net-zero emissions, is driving demand for electric, plug-in hybrid, and hybrid vehicles across the region. The governments of major countries in the region are taking initiatives such as providing incentives and subsidies to encourage the introduction of EVs in their countries. Battery-powered vehicles such as electric cars, e-bikes, and automated guided vehicles are currently in high demand in the United States.
key attributes
| report attributes | detail |
| number of pages | 211 |
| Forecast period | 2023-2028 |
| Estimated market value in 2023 (USD) | $4.7 billion |
| Projected market value to 2028 (USD) | $11.7 billion |
| compound annual growth rate | 19.8% |
| Target area | global |
Market trend
- driver
- Significant growth in the electric vehicle industry
- Focus on electrification of public transport
- Government-led efforts to promote the spread of EVs
- restraints
- Development of a universal battery management system standard for various applications
- opportunity
- Emergence of new battery technology
- Advantages of wireless battery management systems compared to traditional systems
- Development of cell management system (CMS) technology
- assignment
- Impact of external factors on battery management system performance
- The complexity of modern battery technology hinders the development of reliable battery management systems
technical analysis
- AB battery system
- sodium ion battery
- all solid state battery
case study analysis
- Case Study 1: Abu Dhabi's Masdar City deploys an autonomous PRT system using lithium-ion batteries
- Case Study 2: Sensata Technologies collaborates with Chinese OEM to power S-BMS for fast-charging EV buses
- Case Study 3: Integration of Sensata's S-BMS and QEV Arcfox GT ensures unparalleled safety standards and performance
Companies mentioned
- Amplifier
- Analog Devices, Inc.
- AVL
- BMS Power Safe
- dukosi limited
- Everspatcher
- Elysion Co., Ltd.
- Ewert Energy Systems, Inc.
- Ficosa Internacional SA
- Futavis Co., Ltd.
- Infineon Technologies AG
- Le Clanch SA
- LG Energy Solutions
- Nuvation Energy
- NXP Semiconductors
- Panasonic Holdings Co., Ltd.
- powertech systems
- Renesas Electronics Corporation
- robotech
- Sensata Technologies Co., Ltd.
- STMicroelectronics
- Texas Instruments Company
- thin mobility
For more information on this report, please visit https://www.researchandmarkets.com/r/u8qa4.
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Global automotive battery management system market
