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Automotive Intelligence Battery Sensor Market Research Report, by Technology (MCU, CAN, LIN), Voltages (12 Volt, 14, 24, and 48), Vehicle Type (Passenger Car and Commercial Vehicles) and Electric Vehicles (BEV, HEV, and PHEV) - Forecast Till 2032


ID: MRFR/AM/5440-HCR | 100 Pages | Author: Swapnil Palwe| April 2024

 Automotive Intelligence Battery Sensor Market Synopsis


The Automotive Intelligence Battery Sensor market is projected to grow from USD 4044.1 million in 2021 to USD 9840.64 million by 2032, exhibiting a compound annual growth rate (CAGR) of 9.1% during the forecast period (2023‚Äď2032).


An automotive intelligence battery sensor (IBS) is reliably and accurately measures the voltage, current and temperature of the battery. IBS checks the current energy status and determines the state of the charge, state of the health and state of the function of the battery. According to the German Automobile Association 50% of the vehicle breakdown cases are due to weak battery. The IBS can warn possible breakdowns that may not be caused by the battery. Thus IBS is the main element of vehicle energy management.  The IBS can be directly integrated into the vehicle's electrical system with the standardized Local Interconnect Network (LIN) protocol.


Automotive intelligence battery sensor (IBS) market has seen a remarkable growth in the global market and it has been observed that it is expected to expand with the CAGR of ~11%. Growing automotive industry is the major driving factor of the global automotive intelligence battery sensor market. The escalating fuel consumption and increasing CO2 emission has led to the concern among people across the world. Growing awareness with concern about environment and increasing implementation of stringent government policies regarding road safety will further drive the automotive intelligence battery sensor market. In addition, increasing technological innovations in electric components and increase in demand for autonomous vehicles are expected to boost the market. Increase in demand for fuel efficiency standards and rapid increase in the passenger car sales worldwide is expected to create opportunities for the manufacturers to use these sensors in their vehicles. Government regulations towards safety and emissions mandate the automakers to install IBS in their vehicles, which further increases the growth of the market. However, high price of the automotive intelligence battery sensor will hinder the growth of the global automotive intelligence battery sensor market.    Automotive Intelligence Battery Sensor Market


The global automotive intelligence battery sensor market is segmented by technology (motor controller unit (MCU), controller area network (CAN) and local interconnect network (LIN)), voltage (12 volt, 14 volt, 24 volt, and 48 volt), vehicle type (passenger car and commercial vehicles) and electric vehicle (battery electric vehicles, hybrid electric vehicles, and plug-in hybrid electric vehicles).


The prominent players in the automotive intelligence battery sensor market include



  • Continental AG (Germany),

  • Robert Bosch GmbH (Germany),

  • HELLA GmbH and Co. KGaA (Germany),

  • Inomatic GmbH (Germany)

  • NXP Semiconductors (Netherlands),

  • ams AG (Austria),

  • Furukawa electric co., ltd. (Japan),

  • Vishay Intertechnology Inc. (U.S.),

  • DENSO CORPORATION (Japan),

  • MTA S.p.A. (Italy)


Regional Analysis:


Geographically, the global automotive intelligence battery sensor market has been divided into four major regions such as North America, Europe, Asia-Pacific and Rest of the World. Amongst all regions, Asia-Pacific is expected to dominate the growth of the market during the forecast period followed by the Europe. Exponential growth of the automotive sector in India, China, and Japan are projected to influence the growth of the automotive intelligent battery sensor market during the forecast period. Increase demand for passenger and commercial vehicles in China and India with fuel efficient system will drive the growth of the market.


The report for Global Automotive Intelligence Battery Sensor Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Report Attribute/Metric Details
Market Size 2021:   USD 4044.1 Million
Market Size 2032:   USD 9840.64 Million
  CAGR   9.1% (2023-2032)
  Base Year   2021
  Forecast Period   2023-2032
  Historical Data   2018- 2022
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Technology, By Application, By Vehicle type, By Voltages ,
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Continental AG (Germany), Robert Bosch GmbH (Germany), HELLA GmbH and Co. KGaA (Germany), Inomatic GmbH (Germany) and NXP Semiconductors (Netherlands), ams AG (Austria), Furukawa electric co., ltd. (Japan), Vishay Intertechnology Inc. (U.S.), DENSO CORPORATION (Japan), MTA S.p.A. (Italy)
  Key Market Opportunities Growing awareness with concern about environment Increasing implementation of stringent government policies
  Key Market Drivers   Growing automotive industry


Frequently Asked Questions (FAQ) :

The automotive intelligence battery sensor market can thrive at 9.1% CAGR by 2032.

Furukawa electric co., ltd. (Japan), DENSO CORPORATION (Japan), Vishay Intertechnology Inc. (U.S.), and MTA S.p.A. (Italy) are some key players of the automotive intelligence battery sensor market.

The automotive intelligence battery sensor market can achieve a lucrative valuation by 2032.

Controller area network (CAN), motor controller unit (MCU), and local interconnect network (LIN) technology segments of the automotive intelligence battery sensor market.

Automotive intelligence battery sensors are used by hybrid electric vehicles, battery electric vehicles, and plug-in hybrid electric vehicles.

Automotive Intelligence Battery Sensor Market

The Global Automotive Intelligence Battery Sensor Market Size is expected to cross USD 9840.64 Million by 2032 at a CAGR of 9.1% during the forecast period ending in 2032

Segmentation
By Technology MCU CAN LIN
By Voltages 12 Volt 14 24 48
By Vehicle Type Passenger Car Commercial Vehicles
By Electric Vehicles BEV HEV PHEV
Key Players
Companies Profiled   Continental AG (Germany)    Robert Bosch GmbH (Germany)    HELLA GmbH Co. KGaA (Germany)    Inomatic GmbH (Germany)    NXP Semiconductors (Netherlands)    ams AG (Austria)    Furukawa electric co. ltd. (Japan)    Vishay Intertechnology Inc. (U.S.)    DENSO CORPORATION (Japan)    MTA S.p.A. (Italy)
Drivers
Market Driving Forces   Growing automotive industry    Growing awareness with concern about environment    Increasing implementation of stringent government policies
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