Automotive Battery Management System Market

Automotive Battery Management System Market: Adoption in Golf Carts to Skyrocket in the Coming Years: Global Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 - 2027)

  • 2018-03-09
  • REP-GB-1694
  • 304 pages
  • PDF PPT EXCEL
 Automotive Battery Management System Market

An Incisive, In-depth Analysis on the Automotive Battery Management System Market

This study offers a comprehensive, 360 degree analysis on the Automotive Battery Management System market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Automotive Battery Management System market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Hybrid electric vehicles and battery electric vehicles to showcase increased use of automotive battery management systems

Battery management system in automotive is an electronic system that assists in maintaining optimum health of rechargeable batteries in the vehicle. Automotive battery management system manages the vehicle batteries by exercising control on the load environment, monitoring the state of the vehicle battery and consequently balances the charging. There are several advantages of automotive battery management system in automotive. It helps in increasing the life of the battery, prevents damage to the battery owing to voltage fluctuations and overcharging, manages battery state by optimizing battery health and provides real time updates on the battery health. Cell balancing, safety and protection, cell monitoring, temperature control, power saver mode, data recording and monitoring the charging function are few of the features of automotive battery management system.

The research report on global automotive battery management system market talks about various market scenarios and dynamics that have an influence on the growth of the global market. Moreover, according to this research, the global market for automotive battery management systems is expected to touch an estimate of more than US$ 8 Bn by the end of the year of assessment (2027). This growth is largely supported by the increasing demand for E-bikes and electric vehicles.

Electric vehicles to offer high growth opportunities for battery management systems in the near future

Electric vehicles have shown higher adoption of battery management systems. Since 2012, the electric vehicle segment lead the global market with a high market valuation. It is expected to continue with this trend in the coming years and is estimated to reach a high market value by the end of the period of assessment. Electric vehicles has been a lucrative segment and is projected to expand at a high rate throughout the period of forecast.

E-bikes to remain at the vanguard of growth with respect to volume

The use of automotive battery management system in E-bikes has been increasing. This segment is the second largest with respect to value. However, according to research, this it is expected to dominate the global market with a high volume. The E-bikes segment is projected to expand at a volume CAGR of 19.7% during the period of assessment. In 2017, the value generated by E-bikes segment, with respect to adoption of battery management systems, was around US$ 370 Mn and is expected to reflect a more than 6x increase in value by the end of the year of assessment. 

Passenger cars to largely contribute to the growth of the electric vehicles segment

Electric vehicles are further categorised into passenger cars and commercial vehicles. Of these, passenger cars are expected to showcase increased adoption of automotive battery management system. The passenger car sub segment is projected to expand at a higher rate in the coming years and is expected to reflect high market value owing to growing sales of automotive battery management system for passenger cars. Passenger cars are of different types, namely, HEVs (Hybrid Electric Vehicles), PHEVs (Plug-In Hybrid Electric Vehicles) and BEVs (Battery Electric Vehicles). The use of automotive battery management system in hybrid electric vehicles is significant. The HEV sub category is expected to reach an estimate of more than US$ 2.5 Bn by the end of the year of assessment (2027). Also, the battery electric vehicles segment is projected to expand at a high value CAGR throughout the forecast period, thus spearheading the growth of the parent segment. 

The research report on automotive battery management system market reveals every aspect of the global market with the assistance of a robust research platform. The research report unveils several macroeconomics along with SWOT analysis, regulatory aspects and numerous other factors that govern the dynamic forces that influence the growth of the global automotive battery management system market. These market characteristics can assist the reader in devising strategies and make informed decisions simultaneously overcoming the main hurdles in the market and gain competitive advantage over the coming years.

Strong research platform to derive relevant market acumen

Future Market Insights uses a strong research methodology to glean relevant market insights. Secondary research followed by primary research and key opinions from domain experts, market observers and other external sources is carried out. The initial secondary research is initiated which is extensive in nature and covers all the angles of the global automotive battery management system market. An extensive primary research is undertaken simultaneously to dig deep into the market segments by investing on interviews with domain experts, subject matter experts and key market observers. The data collected at every primary interview is checked in the subsequent interviews in order to validate the accuracy of the data point that represents the market statistic of a particular segment in a particular region. As the research process progresses, multiple funnels of validations are carried out to achieve maximum possible accuracy of all data points gleaned so far. The data so gathered is triangulated to achieve appropriate market statistics and is presented in a systematic manner for the reader. The accuracy aspect of data and numbers increases the credibility of the research report, which can be directly used to formulate key strategies with an expansion point of view or even penetration across different regional markets.

Strategic advantage and competitive landscape

The comprehensive research report on global automotive battery management system market includes a separate section covering competitive analysis. Various aspects such as SWOT analysis, key financials, developments and innovations, strategies, mergers and acquisitions, geographical reach, expansion plans, market shares and revenues, key personnel, projects undertaken, product portfolio etc., of key players dealing with the automotive battery management system have been included in this extensive research study. This can give the reader a broad idea of the happening events in the market, initiated by these players which the help of which new plans or tactics can be devised and implemented to achieve strategic advantage in the near future.

Market Segmentation

By Vehicle Type

By Connection Topology

By Sales Channel

By Region

  • Electric Vehicles

    • Passenger Cars

      • HEV

      • PHEV

      • BEV

    • Commercial Vehicles

      • HEV

      • PHEV

      • BEV

  • Gold Carts

  • E-Bikes

  • Centralised

  • Distributed

  • Modular

  • OEM

  • Aftermarket

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • Asia Pacific excluding Japan (APEJ)

  • Japan

  • Middle East and Africa (MEA)


Reasons for investing in this research study

  • The research study gives a holistic 3600 view of the entire market considering all major geographies

  • The study expresses unbiased opinion about the market and this realistic market contour can be used to slate important decisions from a strategic standpoint

  • Actionable intelligence is just a click away

  • Detailed SWOT analysis enhancing the credibility of the research

  • Effective forecasting helps in judging the future market scenario across all segments

  • Major trends and developments along with restraints covered

  • Maximum accuracy is only the tip of the iceberg

Automotive Battery Management System Market Reports - Table of Contents

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Harish Tiwari

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Pranay Mhaisekar

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