Automotive Battery Management System Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Automotive Battery Management System Market has been segmented by Components (Battery IC, Battery Sensor, and Other Components (Electronics and Materials Used in BMS)), Propulsion Type (IC Engine Vehicle and Electric Vehicle (HEV, PHEV, and BEV)), Vehicle Type (Passenger Cars and Commercial Vehicles), and Geography.

Market Snapshot

snapshot
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >5.5 %

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Market Overview

The global automotive battery management system market is expected to register a CAGR of over 5.5% during the forecast period, 2020-2025.

  • With growing electrification in vehicles, the need for safe and optimum use of the energy stored in a vehicle battery pack has increased significantly among the automakers. Thus, the automotive industry's battery management system has been growing significantly and is expected to continue to grow during the forecast report.
  • The European electric vehicle battery management system market is estimated to grow significantly over the forecast period. Apart from passenger cars, commercial vehicles are likely to drive more demand for battery management systems due to the increasing adoption of electric buses. European countries, like Belgium, the United Kingdom, Germany, Austria, and the Netherlands, have been majorly adopting electric buses in their areas in recent years. For instance, the London government announced that from 2018, no new diesel buses would be acquired. By 2020, almost all double-decker buses operating in central London will be Euro VI hybrids, while all single deckers will be zero-emission.
  • Companies have been primarily focused on entering international deals and are heavily investing in R&D projects. For instance, in 2019, Panasonic Corporation has developed new battery management technology that offers lithium-ion battery modules with many battery cells stacked in series to reuse as well as help in the recycling of lithium-ion batteries.
  • Additionally, in 2018, Ficosa, a Spain-based company, closed five necessary contracts for a battery management system for the Chinese market. Orders placed by tier II companies are valued at USD 233.35 million and are expected to be deployed in electric and plug-in hybrid vehicles.

 

Scope of the Report

Battery management system or battery control unit has become one of the essential power electronic modules of the automobiles that monitors and controls the charging and discharging processes of the battery pack, thereby, enhancing the battery lifespan, by avoiding any damage risk due to overcharging and over-discharging situations.

The automotive battery management system market has been segmented by components, propulsion type, vehicle type, and geography.

Components
Battery IC
Battery Sensors
Other Components (Electronics and Materials Used in IBMS)
Propulsion Type
IC Engine Vehicle
Electric Vehicle (HEV, PHEV, and BEV)
Vehicle Type
Passenger Cars
Commercial Vehicles
Geography
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Norway
The Netherlands
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Brazil
South Africa
Other Countries

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Key Market Trends

Increasing Demand for Intelligent Battery Management System

Features like start/stop, electric power steering, and electronic braking systems have increased the battery's power load. Therefore, prioritizing all these electrical loads on a scale from comfort to safety level has been a significant issue in a vehicle's electrical system. The need for an intelligent battery management system (IBMS) has been gaining attention among automakers and is being widely adopted across all the regions. IBMS consists of advanced electronics, such as battery sensors, that measure the state of charge (SOC), state of health (SOH), and temperature across a cell, connected in series and parallel array in a vehicle battery pack.
All three measurements by IBMS have been taken simultaneously to ensure accurate measurements, even during rapidly changing conditions of the vehicle. The usage of IBMS aids in shutting down these electric vehicle systems in a logical order and warning the drivers about the impending battery problem to ultimately keep them safe from battery explosions. The prominent suppliers of intelligent battery sensors include Continental AG, Hella, and Bosch, among others.

Automotive Battery Management System Market_Components

Growing Demand for Electric Vehicles

Apart from conventional IC engine vehicles, the demand for the battery management system and electric vehicles is anticipated further to boost the growth of the battery management system market. With the employment of stringent emission regulations across every region, the electrical vehicle demand is likely to increase during the forecast period. The global electric vehicle sales have increased dramatically to more than 55% during 2018-2019. The battery is the primary source of power for electric vehicles is likely to drive the demand for an efficient and advanced battery management system.
The Asia-Pacific region had covered a significant share of the battery management system market in 2019. While, Europe has registered a faster growth rate (due to its rapid increase of electric vehicle sales during 2018-2019) and anticipates to continue to grow during the forecast period with the EU government strictly monitoring the emission standards and planning to impose a ban on manufacturing IC engine vehicles by 2025 in few European countries, like Norway, the Netherlands, etc.

Automotive Battery Management System Market_Geography

Competitive Landscape

The market is highly consolidated by major players, like DENSO Corporation, Robert Bosch GmbH, Hitachi Ltd, and Panasonic Corporation, and Calsonic Kansei Corporation. Among them, DENSO Corporation had dominated the market studied capturing a share of nearly more than 20% in the global market in 2019.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Components

      1. 5.1.1 Battery IC

      2. 5.1.2 Battery Sensors

      3. 5.1.3 Other Components (Electronics and Materials Used in IBMS)

    2. 5.2 Propulsion Type

      1. 5.2.1 IC Engine Vehicle

      2. 5.2.2 Electric Vehicle (HEV, PHEV, and BEV)

    3. 5.3 Vehicle Type

      1. 5.3.1 Passenger Cars

      2. 5.3.2 Commercial Vehicles

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Rest of North America

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Norway

        5. 5.4.2.5 The Netherlands

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Rest of Asia-Pacific

      4. 5.4.4 Rest of the World

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Other Countries

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 DENSO Corporation

      2. 6.2.2 Robert Bosch GmbH

      3. 6.2.3 Panasonic Corporation (Ficosa)

      4. 6.2.4 LG Chem

      5. 6.2.5 Calsonic Kansei Corporation

      6. 6.2.6 Hitachi Ltd

      7. 6.2.7 Mitsubishi Electric Corporation

      8. 6.2.8 Continental AG

      9. 6.2.9 LiTHIUM BALANCE

      10. 6.2.10 Preh GmbH

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Automotive Battery Management Systems Market market is studied from 2018 - 2026.

The Automotive Battery Management Systems Market is growing at a CAGR of >5.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

DENSO Corporation, Panasonic Corporation (Ficosa), Calsonic Kansei Corporation, Robert Bosch GmbH, Hitachi Ltd are the major companies operating in Automotive Battery Management Systems Market.

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