Battery Management IC Market: Information by Type (Battery Charger IC, Fuel Gauge IC, and Authentication IC), Application (Healthcare and Automotive), and Region — Forecast till 2029

Battery management ICs are integrated circuits, used in an electronic system to manage rechargeable batteries. These are small electronic components that include transistors, diode, among others, on a semiconductor crystal or chip. Battery management IC protects the battery from operating outside from its SOA (Safe Operating Area) and monitors the state of the battery, authenticates the battery, calculate and report data, among others. This battery management ICs are of different types depending on their functionality and specifications. In this report, we have considered only three types of battery management ICs, i.e., battery charger IC, fuel gauge IC, and authentication IC. Fuel gauge IC, sometimes also referred to as gas gauge IC determines the battery health and state of charge (SOC).

Market Dynamics

Technological Advancements

The rapid technological advancements, rising urbanization, improving consumer spending coupled with rising living standards have led to the rise in the demand for consumer electronics devices; which is further enduring demand for batteries, cell, and packaging solutions. Additionally, the increasing adoption of electric vehicles to control the ever-increasing carbon footprint has boosted the demand for lithium-ion batteries.

In light of the Go Green trend in the market, individuals are looking for a more sustainable source to meet their energy demand. This trend, in turn, has led to a rise in the demand for batteries across various sustainable energy sectors for energy storage. Also, the increasing awareness of users towards zero-emission vehicles has further boosted the demand for batteries across the automotive industry.

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Widening Application Areas for Battery Management

The constant transformation of battery technology has compelled many manufacturers to learn about designing battery management systems. Today's electronic devices have higher mobility and are greener than ever before. Battery advancements are stoking this progression in a large array of products right from portable power tools to plug-in hybrid electric vehicles and wireless speakers.

In the past few years, the efficiency of a battery in terms of how much power it can output with respect to size and weight has enhanced drastically. For instance, although the primary purpose of a car battery is to start the car, it is cumbersome and bulky. With recent developments and advancements, a lithium-ion battery can be used to jump-start the car, and it only weighs a couple of pounds. The application of power management has increased, positively affecting the demand for battery management integrated circuits.

The rising global temperatures have nudged governments and private organizations to take active steps to mitigate the adverse effects of global warming. The Paris agreement that was signed in 2015 stipulates that countries must reduce the global carbon footprint. Governments are providing tax rebates and subsidies to companies that are willing to switch towards green technologies. This is nudging the companies to invest in more energy-efficient devices, and power batteries can back that up. Furthermore, increasing penetration of the internet and social media has made the average consumer more environmentally conscious and nudges them to opt for less carbon-emitting technologies. This has led companies to invest more in green technologies and capitalize on the market, thereby bolstering the market for battery management integrated circuits.

Segmental Overview

Battery Charger IC

The battery charger ICs accounted for the highest share, with USD 4,238.7 million in terms of value, and is expected to reach USD 6,200.4 million by 2029. Battery Charger ICs can offer the correct charge current and voltage for a particular battery cell in different appliances.

Most of these battery chargers are designed and developed for Li-Ion batteries, as it is the most popular in handheld equipment. These ICs work with system microprocessors or microcontrollers in cell phones, PDAs, and other handheld devices to provide a complete battery charger.

Analog Devices offer an impressive portfolio of high-performance battery charger IC devices for any rechargeable battery chemistry that includes Li-Ion, lead-acid, and nickel-based for wired and wireless applications. It is used in electric vehicles extensively. Another importantly known battery monitoring ICs include a device that is designed and developed at the NXP semiconductors company. The MC33771 is a Li-Ion battery cell controller IC. Although it is made for automotive applications like EVs and HEVs, the MC33771 is also made to support high voltage industrial applications when an uninterrupted power supply is required.

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Battery Management IC Market: Key Players

Analog Devices, Inc.
Semiconductor Components Industries, LLC
Maxim Integrated
Microchip Technology Inc
NXP Semiconductors
Semtech Corporation
ROHM Co., Ltd.
Richtek Technology Corporation
Renesas Electronics Corporation
Texas Instruments Incorporated
Skyworks Solutions, Inc.
STMicroelectronics
Diodes Incorporated
Others
Battery Management IC Market: Segmentation

By Type

Battery Charger IC
Fuel Gauge IC
Authentication IC
By Application

Building Control
Consumer Electronics
Healthcare
Industrial and Retail
Automotive
Wearable Devices
By Region

North America

The U.S.
Canada
Mexico
Europe

Germany
France
Spain
Italy
Russia
Poland
The U.K.
Rest of Europe
The Asia Pacific

Japan
China
India
South Korea
Indonesia
Australia
Vietnam
Rest of Asia Pacific
Central and South America and the Caribbean

Argentina
Brazil
Rest of Central and South America and the Caribbean
Middle East

Saudi Arabia
The U.A.E.
Rest of Middle East
Africa

Nigeria
South Africa
Rest of Africa

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This release was published on openPR.