Automotive Battery Management System Market Size Worth US$ 18 Billion, Globally, by 2030 at 15% CAGR: RationalStat Market Report

The global automotive battery management system market is projected to reach US$ 18.0 billion by 2030, at a CAGR of 15%, according to a published market report by RationalStat.

| Source: Rationalstat LLC Rationalstat LLC

Wilmington, Delaware, Oct. 20, 2023 (GLOBE NEWSWIRE) -- Global Automotive Battery Management System Market size is valued at US$ 6.8 billion in 2023 and is predicted to rise at a substantial CAGR of 15% during the forecast period of 2023 and 2030 according to RationalStat analysis.


Market Definition, Market Scope, and Report Overview

The rising demand for hybrid electric and battery electric vehicles is expected to propel the global market for automotive battery management systems to considerable growth over the upcoming years. The introduction of strict government rules regarding environmental degradation and government incentives in the form of subsidies, grants, and tax rebates to promote the use of eco-friendly forms of transportation have led to an increase in demand for these cars. Consequently, such growth determinants give the market a positive outlook over the forecasted timeline.

  • According to a deep-dive market assessment by RationalStat, the automotive battery management system market has been analyzed on the basis of market segments, including battery type, battery capacity, component, connection topology, propulsion type, vehicle type, end use, and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
  • Market intelligence for the automotive battery management system market covers market sizes based on market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
  • In addition, the long-term sector and products/services 10-year outlook and its implications on the automotive battery management system market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.

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Global Automotive Battery Management System Market: Segmental and Market Share Analysis

  • On the basis of the battery type, Lithium-Ion batteries are anticipated to capture the major market share due to their wide availability and sustainable features.
  • Based on the vehicle type, passenger cars are anticipated to cover a significant market share owing to the rising disposable income of the population, and awareness about electric vehicles is anticipated to drive the demand.

Report Synopsis

Report Metrics Details
Base Year 2023
Forecast Period 2023-2030
Base Year Market Size US$ 6.8 billion
Market Size Forecast US$ 18.0 billion
Growth Rate 15%
Dominant Segment OEMs
Leading Region North America
Key Market Drivers
  • Surging Technological Advancements
  • Increasing Trend of Electric Vehicles
  • Growing Disposable Income
Companies Profiled
  • Robert Bosch GmbH
  • Continental AG
  • Toshiba Corporation
  • Intel Corporation
  • Texas Instruments Incorporated
  • NXP Semiconductors
  • Analog Devices, Inc.
  • Denso Corporation
  • Johnson Matthey
  • LG Chem
  • Medtronics, Inc.
  • Sensata Technologies, Inc.
  • Microchip Technology Inc.
  • Nuvation

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Competition Analysis and Market Structure

Some of the prominent players adopt various strategies to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, and partnerships and collaborations are some of the strategies followed by industry players, some of the key developments in the automotive battery management system market include,

  • In June 2021, STMicroelectronics announced its collaboration with Arrival to provide semiconductor technologies and products for Arrival’s vehicles, including automotive microcontrollers and power and battery-management devices.
  • In March 2021, LION E Mobility AG and Sogefi announced an agreement to combine LION’s technology in battery management systems and module design with Sogefi’s industrial capability in engineering and manufacturing.

Some of the prominent players and suppliers operating and contributing significantly to the automotive battery management system market growth include Robert Bosch GmbH, Continental AG, Toshiba Corporation, Intel Corporation, Texas Instruments Incorporated, NXP Semiconductors, Analog Devices, Inc., Denso Corporation, Johnson Matthey, LG Chem, Medtronics, Inc., Sensata Technologies, Inc., Microchip Technology Inc., and Nuvation, among others.

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RationalStat has segmented the automotive battery management system market based on battery type, battery capacity, component, connection topology, propulsion type, vehicle type, end use, and region

  • Global Automotive Battery Management System Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Battery Type
    • Lithium-Ion Based
    • Advanced Lead-Acid
    • Nickel-Based
    • Flow Batteries
  • Global Automotive Battery Management System Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Battery Capacity
    • <100 kWh
    • 100-200 kWh
    • 200-500 kWh
    • >500 kWh
  • Global Automotive Battery Management System Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Component
    • Battery IC
    • Battery Sensor
  • Global Automotive Battery Management System Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Connection Topology
    • Centralized
    • Distributed
    • Modular
  • Global Automotive Battery Management System Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Propulsion Type
    • BEV
    • PHEV
    • HEV
  • Global Automotive Battery Management System Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Vehicle Type
    • Passenger Cars
    • Commercial Vehicles
    • Golf Cart
    • E-Bikes
  • Global Automotive Battery Management System Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by End Use
    • OEMs
    • Aftermarket
  • Global Automotive Battery Management System Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
    • North America Automotive Battery Management System Market
      • US
      • Canada
    • Latin America Automotive Battery Management System Market
      • Brazil
      • Mexico
      • Rest of Latin America
    • Western Europe Automotive Battery Management System Market
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Benelux
      • Nordic
      • Rest of Western Europe
    • Eastern Europe Automotive Battery Management System Market
      • Russia
      • Poland
      • Hungary
      • Other CIS Countries
      • Rest of Eastern Europe
    • Asia Pacific Automotive Battery Management System Market
      • China
      • Japan
      • India
      • South Korea
      • Australia
      • ASEAN
        • Indonesia
        • Thailand
        • Philippines
        • Vietnam
        • Malaysia
        • Rest of ASEAN
      • Rest of Asia Pacific
    • Middle East & Africa Automotive Battery Management System Market
      • GCC
        • Saudi Arabia (KSA)
        • United Arab Emirates (UAE)
        • Rest of the GCC
      • South Africa
      • Nigeria
      • Turkey
      • Rest of the Middle East & Africa

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Key Questions Answered in the Automotive Battery Management System Report:

  • What will be the market value of the automotive battery management system market by 2030?
  • What is the market size of the automotive battery management system market?
  • What are the market drivers of the automotive battery management system market?
  • What are the key trends in the automotive battery management system market?
  • Which is the leading region in the automotive battery management system market?
  • What are the major companies operating in the automotive battery management system market?
  • What are the market shares by key segments in the automotive battery management system market?  

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Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoints to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:

  • Defining the problem by understanding the type of market and data required by the client.
  • Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
  • Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
  • Evaluating and analyzing the data by referring to data sources utilized and leveraged.
  • Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.

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