Automotive Battery Management System Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos
The "brain" of an electric vehicle's battery pack is the
automotive battery management system, and its performance has a significant
impact on the vehicle's driving range and battery life. It aids in the
monitoring of battery utilization and ensuring that a battery performs at its best.
By managing the battery's operational area, balancing it, and safeguarding it,
this system regulates the battery's recharging. It is an important component of
the electric vehicle (EV) powertrain since it aids in current regulation, cell
balance, and battery thermal protection. Furthermore, it is critical to
identify which control functions should be allocated to a battery management
system in order to avoid circumstances where the vehicle's mobility or movement
is inhibited. As a result of the rising popularity of electric vehicles, the
market is likely to see the development of improved automotive battery
management systems throughout the forecast period.
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Many functional blocks make up a battery management
system, including cell voltage balancing, real-time clock, state machine,
temperature monitor, cutoff FET, fuel gauge monitor, and so on. The FET driver
is in charge of connecting and isolating the battery pack from the load and
charger. The fuel gauge is used to monitor the amount of charge that enters and
exits the battery pack. The cell voltage of each cell should be checked using a
cell voltage monitor to evaluate the overall health of the battery pack. If the
cell pack delivers a larger current while maintaining a consistent voltage, the
cell pack may catch fire. As a result, a temperature monitor is utilized to
keep track of the temperature and avert dangerous situations. In this approach,
Battery Management Systems fulfil their primary duty of battery
pack protection.
According to UnivDatos Market Insights (UMI)’ research
report “Automotive Battery Management System Market”, the market
is expected to witness a CAGR growth of around 17% during the forecast period
2021-2027F. Global Automotive Battery Management System Market is experiencing
significant growth due to the rising adoption of electric and hybrid
electric vehicles along with advancements in technologies and features
introduced.
Based on battery type, the market is segmented into Lithium Ion, Advanced Lead-acid and Others.
The Lithium Ion segment is expected to grow at a higher CAGR during the
forecasted period. Lithium-ion batteries are becoming more popular as a result
of its advantages such as increased power density and cheaper cost. Previously,
lead-acid batteries were often utilized, but they lacked sufficient storage
capacity per unit of mass. Lithium-based batteries, on the other hand, are
difficult to manage because of their non-linear charge or discharge curve. If
these batteries are overcharged or undercharged, they can be damaged. As a
result, the automobile battery management system aids in the notification of
battery shut down or the implementation of safety measures.
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Based on topology, the market is
segmented into Centralized, Modular and Distributed. The Modular segment is
expected to grow at a higher CAGR during the forecasted period. Modular BMSs
are gaining popularity since they provide more computational power and are
safer owing to less wiring. Modular topology may be used in a variety of
applications, including energy storage systems, industrial UPS, medical
mobility vehicles, electric car parts, and drones.
Based on vehicle, the market is
segmented into Passenger Car and Light Commercial Vehicle. The Passenger Car
segment is expected to grow at a higher CAGR during the forecasted period. The
passenger car segment dominates the worldwide automotive BMS market, and this
trend is expected to continue. The advantage can be linked to several
variables, including the growing urban population and its commuting
requirements. End-users choose EVs because of the growing worry about rising
environmental pollution and their cheap running costs.
Asia Pacific to Grab Lion’s Share
Based on the estimation, during the
projection period of 2021-2027, Asia Pacific market is predicted to be the
fastest-growing region in the coming years. During the projection period, it is
predicted to dominate with the greatest CAGR. The high population density of
nations like China and India, which account for more than 38% of the world population,
is a major driver of this region's growth. Furthermore, several beneficial
government measures conducted in these regions to revitalize the car sector,
which was hit by COVID-19, are expected to fuel market expansion. Furthermore,
increased urbanization and smart cities are predicted to fuel EV expansion,
accelerating the market for electric vehicle onboard chargers.
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According to UnivDatos Market Insights
(UMI)’, the key players with a considerable market share in the Global Automotive
Battery Management System Market are including LG Chem, Ltd., Robert Bosch GmbH, Continental AG,
Analog Devices, Inc., Intel Corporation, NXP Semiconductors NV, Renesas
Electronics Corporation, Johnson Matthey, Inc., Toshiba Corporation,
Midtronics, Inc. etc.
·
In Sep. 2020, Analog Devices, Inc.
announced the industry’s first wireless battery management system (wBMS), which
enables automotive manufacturers increased flexibility to scale their electric
vehicle fleets into volume production across a wide range of vehicle classes.
This is the first wireless battery management system available for production
electric vehicles, and it will debut on General Motors’ production vehicles
powered by Ultium batteries
“Global Automotive
Battery Management System Market” provides comprehensive qualitative and
quantitative insights on the industry potential, key factors impacting sales
and purchase decisions, hotspots, and opportunities available for the market
players. Moreover, the report also encompasses the key strategic imperatives
for success for competitors along with strategic factorial indexing measuring
competitor's capabilities on different parameters. This will help companies in
the formulation of go to market strategies and identifying the blue ocean for
its offerings.
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Market Segmentation:
1. By Battery
type Lithium Ion, Advanced Lead-acid and Others)
2. By Topology (Centralized,
Modular and Distributed)
3. By Vehicle (Passenger
Car and Commercial Vehicles)
4. By Region (North
America (United States, Canada, Rest of North America), Europe (Germany, France,
UK, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest
of APAC), and Rest of World)
5. By Company (LG Chem, Ltd.,
Robert Bosch GmbH, Continental AG, Analog Devices, Inc., Intel Corporation, NXP
Semiconductors NV, Renesas Electronics Corporation, Johnson Matthey, Inc.,
Toshiba Corporation, Midtronics, Inc.)
Key questions answered in the study:
1.
What are the current and future trends
of the Global Automotive Battery Management System industry?
2.
How the industry has been evolving in
terms of end-user demand and product category?
3.
How the competition has been shaping
across the countries followed by their comparative factorial indexing?
4.
What are the key growth drivers and
challenges for the Global Automotive Battery Management System industry?
What is
the customer orientation, purchase behavior, and expectations from the Global Automotive
Battery Management System suppliers across various countries?
Table of Content –
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 AUTOMOTIVE BATTERY MANAGEMENT SYSTEM MARKET COVID-19 IMPACT
6 AUTOMOTIVE BATTERY MANAGEMENT SYSTEM MARKET REVENUE,
2019-2027F
7 MARKET INSIGHTS BY BATTERY TYPE
8 MARKET INSIGHTS BY TOPOLOGY
9 MARKET INSIGHTS BY VEHICLE
10 MARKET INSIGHTS BY REGION
11 AUTOMOTIVE BATTERY MANAGEMENT SYSTEM MARKET DYNAMICS
12 AUTOMOTIVE BATTERY MANAGEMENT SYSTEM MARKET
OPPORTUNITIES
13 AUTOMOTIVE BATTERY MANAGEMENT SYSTEM MARKET TRENDS
14 EMISSION AND FUEL ECONOMY REGULATIONS
15 DEMAND AND SUPPLY SIDE ANALYSIS
16 VALUE CHAIN ANALYSIS
17 COMPETITIVE SCENARIO
18 COMPANY PROFILED
19 DISCLAIMER
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