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Automotive Intelligence Battery Sensor Global Market Insights: Growth Drivers, Size & Forecasts to 2029
Automotive Intelligence Battery Sensor
What Is the Forecasted Market Growth Rate of the Automotive Intelligence Battery Sensor Industry?
There has been a swift increase in the size of the automotive intelligence battery sensor market in the past few years. The market, which was valued at $6.74 billion in 2024, is anticipated to reach $7.43 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 10.2%. The notable growth during the historic period can be ascribed to factors such as heightened vehicle electrification, increased sophistication in automotive electronics, strict emission norms, automotive safety regulations, and a high demand for fuel efficiency.
How Will the Automotive Intelligence Battery Sensor Market Size Evolve From 2025 to 2029?
The size of the automotive intelligence battery sensor market is anticipated to significantly expand in the coming years. The market is predicted to reach $11.4 billion by 2029, growing at a compound annual growth rate (CAGR) of 11.3%. This expected growth during the projected period can be linked to advancements in diagnostic capabilities, the creation of energy-efficient batteries, endeavours towards sustainability, emphasis on vehicle safety and dependability, and growing knowledge of battery health. Key trends expected during this period include escalated adoption of advanced driver assistance systems (ADAS), progression in sensor technologies, growth in connectivity and the integration of IoT, the creation of smart charging systems, collaborations and partnerships as well as an increase in the complexity of electrical architectures.
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What Are the Main Growth Drivers in the Automotive Intelligence Battery Sensor Market Today?
The anticipated expansion of the automotive sector is set to drive the automotive intelligence battery sensor. Around the globe, economies have been progressively growing, leading to an elevation in living standards and subsequently, a rise in purchasing power. The onset of the COVID-19 pandemic caused people to opt for safer modes of transport that encourage social distancing, thus propelling the automotive industry's growth. The hike in petrol prices has also led to the broader acceptance of EV vehicles aimed at cutting expenses and boosting performance. These elements led to a surge in demand for automotive intelligence battery sensors, which offer vehicular energy management by persistently tracking vital parameters associated with battery health. For instance, in January 2024, the Society of Indian Automobile Manufacturers (SIAM), a leading India-based representative body for major vehicle and vehicular engine manufacturers, reported that India's passenger vehicle market reached a significant milestone in 2023. Its worth is estimated at Rs 4.5 trillion (about $54 billion) and for the first time, the annual volumes exceeded four million units. The sales of approximately 4.1 million cars, sedans, and utility vehicles indicated an 8.2% growth when compared to the 3.79 million units sold in 2022. This sales increase underscores the market's robust momentum, surpassing volume expansion. Consequently, this surge in the automotive industry's demand propels the growth of the automotive intelligence battery sensor market.
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Which Automotive Intelligence Battery Sensor Market Segment Is Expected to Lead Through 2029?
The automotive intelligence battery sensor market covered in this report is segmented -
1) By Technology: MCU, CAN, LIN
2) By Voltages: 12, 14, 24, 48
3) 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
4) By Vehicle Type: Passenger Car, Commercial Vehicles
Subsegments:
1) By MCU (Microcontroller Unit): Integrated Battery Management Systems, Standalone Battery Sensors
2) By CAN (Controller Area Network): High-Speed CAN Sensors, Low-Speed CAN Sensors
3) By LIN (Local Interconnect Network): LIN Bus Battery Sensors, Multi-Channel LIN Sensors
Which Market Trends Are Expected to Dominate Automotive Intelligence Battery Sensor Industry Growth?
Advancements in technology are becoming a prominent trend in the automotive intelligence battery sensor industry. Leading manufacturers in this sector are devoting their efforts to provide superior battery solutions to consolidate their standing in the market. Case in point, Continental AG, which is a Germany-based automotive parts producer, rolled out new sensors engineered specifically to shield electrified vehicle batteries in May 2022. Their premium high-voltage Current Sensor Modules (CSM) and Battery Impact Detection (BID) offer vital current and temperature details to maintain the battery's safety and longevity, can reduce its weight by up to 50%, and additionally offer underfloor safety.
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Which Companies Hold the Largest Market Share in the Automotive Intelligence Battery Sensor Sector?
Major companies operating in the automotive intelligence battery sensor market are Robert Bosch GmbH, NXP Semiconductors N.V., Continental AG, Furukawa Electric Company Limited, Vishay Intertechnology Inc., Texas Instruments Incorporated, Inomatic GmbH, MTA Automotive Solutions Pvt. Ltd., Denso Corporation, Abertax Technologies Limited, Autotech Components Pvt. Ltd., Bamomas, Analog Devices Inc., Infineon Technologies AG, Sensata Technologies Inc., STMicroelectronics N.V., TE Connectivity Ltd., Hella GmbH & Co. KGaA, Hitachi Automotive Systems Ltd., Renesas Electronics Corporation, Mitsubishi Electric Corporation, Panasonic Corporation, LG Chem Ltd., BYD Company Ltd., Contemporary Amper*ex Technology Co. Limited, ams-OSRAM AG, Anfield Sensors Inc., First Sensor AG
Where Is the Automotive Intelligence Battery Sensor Market Experiencing the Highest Growth?
Asia-Pacific was the largest region in the automotive intelligence battery sensor market in 2024. The regions covered in the automotive intelligence battery sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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