Pune, 7, April 2023: The report expects the Automotive Battery Management System Market to grow from USD 8.9 Bn in 2021 to USD 37.26 Bn by 2029 at a CAGR of 19.6 percent over the forecast period. The report is a mixture of primary and secondary data and the domain expert has analyzed the Automotive Battery Management System Market from a local, global and regional point of view.
Automotive Battery Management System Market Report Scope and Research Methodology
The report includes the current trends and market highlights in the Automotive Battery Management System market. It provides the major drivers, challenges, and restraints of the market. The report covers the estimation of the Automotive Battery Management System market size and growth rate of the market investors and stakeholders perceive the investment decisions with the demand and pricing analysis of the market. Segment-wise analysis of the market is divided into Battery, Topology and Application.
Regional analysis of the market is conducted at a global, regional and country level and it helps the regional insights such as market share dominance, market penetration and upcoming market growth opportunities. The bottom-up approach was used for the Automotive Battery Management System market size estimation. Primary and secondary data collection techniques with qualitative and quantitative analysis are used for the collection of data for the market. SWOT analysis was conducted to provide the strengths and weaknesses of the Automotive Battery Management System industry while PESTLE was employed to understand the growth targets and risks of the market.
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Automotive Battery Management System Market Dynamics
The increasing awareness regarding the harmful effects of petrol as well as diesel-fueled vehicles favorable government policies and subsidies for purchasing battery and hybrid electric vehicles are resulting in to increase in the demand for electric and hybrid vehicles. The market is driven by technological advancements, the enhancement in the longevity of the battery and increasing partnerships and collaboration for the development of the Automotive Battery Management System are also the factors that contribute to the growth of the market.
The market growth is expected to be restrained by the high price and hurting sales of the advanced vehicle battery monitoring system.
Automotive Battery Management System Market Regional Insights
In 2021, North America dominated the Automotive Battery Management System Market with a 29.90 percent market share. The regional market is driven by the increasing demand for electric commercial and passenger vehicles, a rising focus on the development and commercialization of electric autonomous vehicles and the presence of major competitors.
The growing adoption of rechargeable batteries in various verticals, implementation of stringent policies and regulations for greenhouse gas emissions such as the Kyoto Protocol and increasing demand for telecommunication backup systems are also influencing factors for the regional growth of the Automotive Battery Management System Market.
Automotive Battery Management System Market Segmentation
By Battery
- Lithium-ion
- Lead-acid
- Nickel
- Flow Battery
By Topology
- Centralized
- Distributed
- Modular
By Application
- Electric Vehicle
- Military
- Telecommunication
- Renewable Energy System
- Other
Automotive Battery Management System Market Key Players include:
- Denso Corporation (Japan)
- Panasonic Corporation (Japan)
- Toshiba Corporation (Japan)
- Calsonic Kansei Corporation (Japan)
- NXP Semiconductors NV (Netherlands)
- AVL LIST GmbH (Austria)
- Texas Instruments Inc.(US)
- Intel Corporation(US)
- Analog Devices Inc. (US)
- Continental AG (Germany)
- Robert Bosch GmbH (Germany)
- HORIBA MIRA Ltd.(UK)
- Johnson Matthey PLC(UK)
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Table of Content for Global Automotive Battery Management System Market:
- Global Automotive Battery Management System Market: Research Methodology
- Global Automotive Battery Management System Market: Executive Summary
- Market Overview and Definitions
- Introduction to the Global Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Automotive Battery Management System Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by Region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Global Automotive Battery Management System Market Segmentation
- Global Market, by Battery (2021-2029)
- Global Market, by Topology (2021-2029)
- Global Market, by Application (2021-2029)
- Regional Global Automotive Battery Management System Market(2021-2029)
- Regional Market, by Battery (2021-2029)
- Regional Market, by Topology (2021-2029)
- Regional Market, by Application (2021-2029)
- Regional Market, by Country (2021-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
Key questions answered in the Automotive Battery Management System Market are:
- What is Automotive Battery Management System?
- What was the Automotive Battery Management System market size in 2021?
- What is the expected Automotive Battery Management System market size by 2029?
- What are the different segments of the Automotive Battery Management System Market?
- What are the factors restraining the growth of the Automotive Battery Management System Market?
- What growth strategies are the players considering to increase their presence in Automotive Battery Management Systems?
- What is the scope of the Automotive Battery Management System Market?
- What is the growth rate of the Automotive Battery Management System Market?
- Which are the factors expected to drive the Automotive Battery Management System market growth?
- What segments are covered in the Automotive Battery Management System Market?
- What are the key players in the Automotive Battery Management System Market?
- What are the opportunities for the Automotive Battery Management System Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis of the Battery, Topology, Application and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
Maximize Market Research Automotive and Transportation research firm, has also published the following reports:
Electric Vehicle Thermal Management System Market: The market size is expected to reach USD 9.62 Bn by 2029 at a CAGR of 18.5 percent during the forecast period. The market is driven by increasing demand for energy-efficient battery-powered devices, growth in the automotive industry and technological advancements.
Electric Two-Wheeler Lithium-Ion Battery Management System Market: The market size is expected to reach USD 4.42 Bn by 2029 at a CAGR of 20.1 percent during the forecast period. The market is driven by the increase in the adoption of electric and hybrid electric vehicles (HEVs) and a rise in preference for use of lithium-ion batteries by the industry.
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