Battery Management System Market | 2021 Global Industry Growth, Trends, Share and Forecast 2027 | Intel Corporation, NXP Semiconductors NV, Analog Devices, Inc., Renesas Electronics Corporation, John Matthey, Inc., LG Chem, Ltd

Battery Management System Market Outlook – 2027

The automotive battery management system helps monitor battery usage and optimum performance of a battery. This system further manages rechargeable battery by controlling its operating area, balancing it, and protecting the battery. It also controls recharging of battery in an electric vehicle. Therefore, rise in adoption of electric and hybrid electric vehicles is expected to boost the demand for automotive battery management system. The factors such as enhancing the longevity of battery, temperature management, and data recording drive the growth of the automotive battery management system market.

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Lithium-ion batteries are gaining traction due to its features such as higher power density and lower cost. Earlier lead-acid batteries were majorly used, which did not have enough storage capacity per unit of mass. However, Lithium-based batteries are difficult to manage due to its non-linear charge or discharge curve. These batteries are damage prone if over or undercharged. The automotive battery management system thus helps with notification of battery shut down or safety measures action.

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The automotive battery management system communicates with other powertrain components to record charge level. It is one of the critical parts of electric vehicle powertrain and helps in cell balancing, thermal protection of batteries, and current control while charging. It also aims to safeguard the battery as well as running of the vehicle. Furthermore, it is important to decide what control functions should be assigned to a battery management system to avoid situation where it may hamper the motion or movement of the vehicles. Therefore, with increase in adoption of electric vehicles the industry is expected witness development of advanced automotive battery management system over the next few years.
Global automotive battery management system market is segmented based on battery type, vehicle type, connectivity topology, and region. Based on battery type, the market is classified into lithium-ion based, advanced lead-acid based, nickel-based, and flow batteries. Vehicle type is categorized into electric vehicle, golf cart, and E-bikes. On the basis of connectivity topology, the market is segmented into centralized, distributed, and modular. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Key players of the automotive battery management system market are Robert Bosch GmbH, Continental AG, Toshiba Corporation, Intel Corporation, NXP Semiconductors NV, Analog Devices, Inc., Renesas Electronics Corporation, John Matthey, Inc., LG Chem, Ltd, and Midtronics, Inc.

Key benefits of the report:

• This study includes the analytical depiction of the global automotive battery management system market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information regarding the key drivers, restraints, and opportunities.
• The current market is quantitatively analyzed from 2017 to 2025 to highlight the financial competency of the industry.
• Porters five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Battery Management System Segmentation:

By Battery Type
• Lithium-Ion Based
• Advanced Lead-Acid Based
• Nickel-Based
• Flow Batteries

By Vehicle Type
• Electric Vehicle
• Golf Cart
• E-bikes

By Connection Topology
• Centralized
• Distributed
• Modular

By Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Rest of Europe
• Asia-Pacific
o China
o Japan
o India
o South Korea
o Rest of Asia-Pacific
• LAMEA
o Latin America
o Middle East
o Africa

Key Players
• Robert Bosch GmbH
• Continental AG
• Toshiba Corporation
• Intel Corporation
• NXP Semiconductors NV
• Analog Devices, Inc.
• Renesas Electronics Corporation
• Johnson Matthey, Inc.
• LG Chem, Ltd.
• Midtronics, Inc.

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