PUBLISHER: Lucintel | PRODUCT CODE: 1417895
PUBLISHER: Lucintel | PRODUCT CODE: 1417895
Automotive Battery Management System Trends and Forecast
The future of the global automotive battery management system market looks promising with opportunities in the passenger vehicle and commercial vehicle markets. The global automotive battery management system market is expected to reach an estimated $14.85 billion by 2030 with a CAGR of 18.6% from 2024 to 2030. The major drivers for this market are increasing penetration of electric vehicles, rising electrification of public transportation, and government-sponsored programs to increase the use of EVs.
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Automotive Battery Management System by Segment
The study includes a forecast for the global automotive battery management system by battery type, component, topology, application, and region.
List of Automotive Battery Management System Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive battery management system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive battery management system companies profiled in this report include-
Automotive Battery Management System Market Insights
Lucintel forecasts that lithium-ion battery is expected to witness the higher growth over the forecast period due to its superior energy density, low self-discharge, and power-to-weight ratio.
Within this market, passenger vehicle will remain the larger segment due to rising popularity of electric vehicles (EVs) in the passenger vehicle segment.
APAC is expected to witness highest growth over the forecast period due to raw materials' ready availability and increasing adoption of electric vehicles in the region.
Features of the Global Automotive Battery Management System Market
Market Size Estimates: Automotive battery management system market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Automotive battery management system market size by various segments, such as by battery type, component, topology, application, and region in terms of value ($B).
Regional Analysis: Automotive battery management system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different battery types, components, topology, applications, and regions for the automotive battery management system market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive battery management system market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the automotive battery management system market size?
Answer: The global automotive battery management system market is expected to reach an estimated $14.85 billion by 2030.
Q2. What is the growth forecast for automotive battery management system market?
Answer: The global automotive battery management system market is expected to grow with a CAGR of 18.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the automotive battery management system market?
Answer: The major drivers for this market are increasing penetration of electric vehicles, rising electrification of public transportation and government-sponsored programs to increase the use of EVs.
Q4. What are the major segments for automotive battery management system market?
Answer: The future of the automotive battery management system market looks promising with opportunities in the passenger vehicle and commercial vehicle markets.
Q5. Who are the key automotive battery management system market companies?
Answer: Some of the key automotive battery management system companies are as follows.
Q6. Which automotive battery management system market segment will be the largest in future?
Answer: Lucintel forecasts that lithium-ion battery is expected to witness the higher growth over the forecast period due to its superior energy density, low self-discharge, and power-to-weight ratio.
Q7. In automotive battery management system market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to raw materials' ready availability and increasing adoption of electric vehicles in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.