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The Automotive Intelligence Battery Sensor Market Is Witnessing Several Emerging Trends That Are Shaping Its Future Growth || Robert Bosch GmbH, NXP Semiconductors, Continental AG, Furukawa Electric Company Limited, Vishay Intertechnology Inc
Automotive Intelligence Battery Sensor Market
The Business Research Company's Automotive Intelligence Battery Sensor Global Market Report 2023 identifies the increase in the automotive industry as the major driver for the automotive intelligence battery sensor market's growth in the forecast period. Economies worldwide have been steadily increasing, which has increased the standard of living and further increased the purchasing power. The advent of the COVID-19 pandemic also resulted in individuals preferring a safer mode of transportation that promoted social distancing and thus boosted the growth of automobiles. With the increase in gas prices, there has also been widespread adoption of EV vehicles that aim to reduce costs and increase efficiency. These factors increased the demand for automobile intelligence battery sensors, offering vehicle energy management by continuously analyzing the status of critical parameters related to battery health.
The global automotive intelligence battery sensor market size is expected to grow from $5.47 billion in 2022 to $6.15 billion in 2023 at a compound annual growth rate (CAGR) of 12.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive intelligence battery sensor market size is expected to grow to $9.49 billion in 2027 at a CAGR of 11.4%.
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Major competitors in the automotive intelligence battery sensor market are Robert Bosch GmbH, NXP Semiconductors, Continental AG, Furukawa Electric Company Limited, Vishay Intertechnology Inc., Texas Instruments Incorporated, Inomatic GmbH, MTA SPA, Denso Corporation, Abertax Technologies Limited, Autotec Components, and Bamomas.
A key trend in the automotive intelligence battery sensor market includes technological advancements. Major automotive intelligence battery sensor companies are focused on delivering advanced battery solutions to strengthen their market position. For instance, in May 2022, Continental AG, a Germany-based automotive parts manufacturing company, launched new sensors to protect electrified vehicle batteries. These high-voltage Current Sensor Modules (CSM) and Battery Impact Detection (BID) provide current and temperature data to keep the battery safe and long-lasting, save up to 50% of its weight, and also provide underfloor protection.
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The Automotive Intelligence Battery Sensor Market is segmented -
• By Technology: MCU, CAN, LIN
• By Voltages: 12, 14, 24, 48
• By Application: LDWS (Lane Departure Warning System), BSD (Blind Spot Detection System), FCW (Forward Collision Warning System), Pedestrian Protection, Night Vision, Head-up Displays, Other Applications
• By Vehicle Type: Passenger Cars, Commercial Vehicles
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the automotive intelligence battery sensor market
The Business Research Company's "Global Automotive Intelligence Battery Sensor Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Automotive Intelligence Battery Sensor Market Include:
1. Executive Summary
2. Automotive Intelligence Battery Sensor Market Characteristics
3. Automotive Intelligence Battery Sensor Market Trends And Strategies
4. Automotive Intelligence Battery Sensor Market - Macro Economic Scenario
5. Automotive Intelligence Battery Sensor Market Size And Growth
……………
27. Automotive Intelligence Battery Sensor Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Intelligence Battery Sensor Market
29. Automotive Intelligence Battery Sensor Market Future Outlook And Potential Analysis
30. Appendix
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