Automotive Battery Management System Market

2019 Analysis and Review of Automotive Battery Management System Market by Connection Topology - Centralized, Distributed, and Modular for 2019 - 2029

  • 2020-02-07
  • REP-GB-1694
  • 41 Tables
  • 153 Figures
  • 292 pages
  • PDF PPT EXCEL
Automotive Battery Management System Market
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Automotive Battery Management System Market to Exhibit CAGR of Over 25% during 2019-2029

The automotive battery management system market is growing in line with the rising prominence of clean energy vehicles in the global space. Although the concept of green automobiles is well-established in developed countries, it is yet to make headway in developing countries. With enhanced information flow and globalization, customers are becoming more familiarized about various tech advances in automobile equipment. Representing nearly 10X revenue expansion during 2019-2029, the global automotive battery management system market will reach US$ 15.3 Bn by the end of 2029.  

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Frequently Asked Questions about Automotive Battery Management System Market

How do automotive battery management systems benefit users?

Different features of battery management systems, such as overcharging and over-discharging protection, short circuit protection, temperature control, cell balancing, state of charge and discharge, etc., increase the efficiency of the vehicle as well as the battery.

How will the growth outlook be for the automotive battery management system market?

The growth of the global automotive battery management system market is expected to remain in parallel with the production of electric vehicles. Advancements in technologies and features will increase the demand for battery management from electric vehicle OEMs, and are estimated to drive the growth of automotive battery management system market during the forecast period.

Which vehicle type holds potential growth opportunities for market players?

Hybrid electric vehicles offer economic and environmental advantages over conventional cars. According to estimates, there are more than 2.8 Mn electric vehicles on road, of which, approx. 70% are hybrid electric vehicles. Thus, increasing sales of hybrid electric vehicles are expected to gain the attention of automakers, and subsequently result in higher demand for automotive battery management systems.

What is the degree of competition in the automotive battery management system market?

The automotive battery management system market is moderately consolidated, with the presence of global giants as well as regional players. In the current scenario, industry leaders such as Johnson Matthey Plc, Analog Devices, Inc. Continental AG, NXP Semiconductors NV, and Robert Bosch, among others, hold a prominent share of the global market.

Which region will lead the global sales of automotive battery management systems?

With China holding the top rank in the fleet of electric vehicles across the globe, APEJ is anticipated to remain a prominent region throughout the forecast years. Along with APEJ, Japan also positions high in the ranking of on-road EVs, owing to the presence of many big electric vehicle manufacturers in Japan such as Nissan Motor Corporation Ltd., Honda Motor Co., Ltd., Mitsubishi Motors Corporation, and Toyota Motor Corporation.

Market Players to Leverage Centralized Connection Topology in Automotive BMSs

While considering economic efficiency, centralized connection topology continue to shape automotive battery management system market growth. By 2019 end, centralized battery management systems (BMSs) are estimated to grab over 95% of the global market in terms of value. However, modular BMSs are garnering momentum as they deliver higher computational power and are relatively safer due to minimal wiring. As such, they are anticipated to showcase higher growth among other connection topologies throughout the period of analysis.

Soaring EVs in APAC Attracts Stakeholders’ Attention

The automotive battery management systems market in Asia Pacific (APAC) would maintain its lead with over 60% revenue share. China and Japan are representing the most lucrative prospects in the regional market. Being among the members of the Electric Vehicles Initiative (EVI), a multi-government policy, China and Japan are ramping up their production of electric vehicles (EVs) in order to achieve sustainability. Moreover, the governments in these countries are offering tax incentives and subsidiaries to customers purchasing EVs in an effort to boost their adoption.

* This data is only a representation. Actual data may vary and will be available in report.

Soaring EVs in APAC Attracts Stakeholders’ Attention
Soaring EVs in APAC Attracts Stakeholders’ Attention
Soaring EVs in APAC Attracts Stakeholders’ Attention
Soaring EVs in APAC Attracts Stakeholders’ Attention
  • 2014
  • 2018
  • 2022
  • 2029
  • Arrow

Electric Vehicle OEMs to Play Pivotal Role in Market Growth

In view of customer demand for possible improvements in the existing fleet of electric vehicles, including hybrid electric vehicles (HEVs) and battery electric vehicles (BEVs), manufacturers are highly focused on equipping battery management systems with an extensive feature set. Further, production upswing of EVs is translating into mounting demand for automotive BMSs, which will encourage manufacturers to distribute their offerings at competitive prices. This trend is likely to fuel the demand for automotive battery management systems from electric vehicle OEMs.

Electric vehicles hold primacy

Reduced pressure zones segment likely to grow at a high rate

Centralized connection topology holds leading market share

Modular connection topology to show significant growth rate

OEMs account for over 95% share

Steady sales through aftermarket on gradual rise

How Growth will Unfold

For manufacturers in the automotive battery management system market, electric vehicles will continue to be the primary vehicle category over the coming timeframe. Adoption in EVs such as HEVs and plug-in hybrid electric vehicles (PHEVs), in particular, would be maximum, and is expected to register a value of over US$ 10 Bn towards the end of the projection period. Furthermore, revenue upsurge would also be observed from e-bikes, especially in developed regions, despite exhibiting a relatively lower adoption rate.

Automotive Battery Management System Market by Vehicle Type

* This data is only a representation. Actual data may vary and will be available in report.

Click Here To Know How The Growth Will Unfold

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Overview

Automotive Battery Management System Market Analysis 2019 - 2029

A recent market study published by FMI on the automotive battery management system market includes global industry analysis of 2014-2018 and opportunity assessment for 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical as well as current growth parameters of the automotive battery management system market, the growth prospects of the market are obtained with maximum precision.

Automotive Battery Management System Market Taxonomy

The global automotive battery management system market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

Vehicle Type

  • Electric Vehicles
    • Passenger Cars
      • HEVs
      • PHEVs
      • BEVs
    • Commercial Vehicles
      • HEVs
      • PHEVs
      • BEVs
  • Golf Carts
  • E-Bikes

Connection Topology

  • Centralized
  • Distributed
  • Modular

Sales Channel

  • OEMs
  • Aftermarket

Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Middle East & Africa
  • Japan

What's Included

The report begins with the executive summary of the automotive battery management system market, which includes a summary of the key findings and statistics.

Readers can find the definitions and detailed taxonomy of the automotive battery management system market in this chapter, which will help them understand the basic information about the automotive battery management system market. This section also highlights inclusions and exclusions, which will help readers understand the scope of the automotive battery management system market report.

This chapter explains the key macroeconomic factors that are expected to influence the growth of the automotive battery management system market over the forecast period. Along with the macroeconomic factors, this section also highlights the supply chain, forecast factors, and value chain analysis for the automotive battery management system market.

This section explains the global market value analysis and forecast for the automotive battery management system market for the forecast period of 2019-2029. This chapter includes a detailed analysis of the historical automotive battery management system market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019–2029). The chapter also includes a pessimistic & optimistic outlook for automotive battery management system market. Along with this, an overview of the key insights is also provided by market participants.

Based on vehicle type, the automotive battery management system market is segmented into electric vehicles, golf carts, and e-bikes. Electric vehicles segment is further divided into passenger and commercial vehicles, which are of three types- HEVs, PHEVs, and BEVs. In this chapter, readers can find information about the key trends and developments in the automotive battery management system market and market attractiveness analysis based on vehicle type.

This chapter provides details about the automotive battery management system market based on the connection topology, and has been classified into centralized, distributed, and modular. In this chapter, readers can understand the market attractiveness analysis based on connection topology.

This chapter provides details about the automotive battery management system market based on sales channel, and has been classified into OEMs and aftermarket. In this chapter, readers can understand the market attractiveness analysis based on sales channel.

This chapter explains how the automotive battery management system market will grow across several geographic regions such as North America, Latin America, Western Europe, Eastern Europe, APEJ (Asia Pacific Excluding Japan), MEA (Middle East & Africa), and Japan.

This chapter includes a detailed analysis of the growth of the automotive battery management system market in North America, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the pricing analysis, regional trends, and market growth based on application and countries in North America.

This chapter provides the growth scenario of the automotive battery management system market in Latin American countries such as Brazil, Mexico, and the Rest of Latin America. Along with this, an assessment of the market across target segments has been provided.

Important growth prospects of the automotive battery management system market in several countries such as Germany, Italy, France, the U.K., Spain, BENELUX and the Rest of Western Europe are included in this chapter.

Important growth prospects of the automotive battery management system market in several countries such as Russia, Poland, and the Rest of Eastern Europe are included in this chapter.

In this chapter, important growth prospects of the automotive battery management system market based on its end users in several countries such as China, India, ASEAN, ANZ, and Rest of APEJ are included.

This chapter highlights the growth of the automotive battery management system market in MEA by focusing on GCC, South Africa, and Rest of MEA. This section also helps readers understand the key factors that are responsible for the growth of the automotive battery management system market in MEA.

Important growth prospects of the automotive battery management system market in Japan is included in this chapter.

In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the automotive battery management system market, along with their market presence analysis by region and product portfolio.

In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the automotive battery management system market, along with the detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Analog Devices, Inc., Johnson Matthey Plc. Robert Bosch Gmbh, NXP Semiconductors, and Continental AG, among others.

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the automotive battery management system market report.

This chapter helps readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the automotive battery management system market.

How the research was conducted?

Primary Research

  • C - Level Executives
  • Marketing Directors
  • Product Managers 
  • Business Development Officers 
  • Production Managers
  • Procurement Heads
  • Sales Executives
  • Distributors
  • Traders 
  • Raw Material Suppliers
  • Industry Experts
  • End Users?
  • Current market dynamics and challenges
  • Yesteryear trends 
  • Market characteristics
  • Market performance and growth quadrants
  • Competition structure and market structure
  • Strategic growth initiatives
  • Near-term and long-term market growth prospects
  • Market segment splits and authenticity
  • Opinions on market projections and validity of assumptions

Secondary Research

  • Industry Publications
    • Automotive World
    • UKi Media & Events
    • AM-online
  • Industry Associations
    • OICA
    • AIA Canada
    • VDA
  • Factiva
  • Company Press Releases
  • Annual Reports and Investor Presentations
  • Research Papers
  • Government Websites and Publications
  • Trade Websites

Primary Interview Splits

Primary Interview Splits automotive battery management system market by designations

Primary Interview Splits automotive battery management system market by stakeholders

To Learn More About our Comprehensive Perspective on Automotive Battery Management System Market,

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Harish Tiwari

Harish Tiwari

Global Head - Business Development

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