Automotive Battery Management System Market By Battery Type (Lithium-Ion Battery, Lead Acid Battery, Ni-MH Battery), By Vehicle Type Segment (Battery Electric Vehicle, Plug-In Hybrid Vehicle, Full Hybrid Vehicle, Others), By End-Use (Original Equipment Manufacturer, Aftermarket) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027
Rising adoption of electric and hybrid vehicles coupled with growing demand for passenger cars, across the globe to drive the automotive battery management system market
The global automotive battery management system market is poised to reach US$ 10.46 Bn by 2027, expanding at a CAGR of 14.2% during the forecast period from 2019 to 2027. An increasing number of electric mobility, technological advancement with substantial cost cut, government policy supports and awareness towards environmental concerns is expected to drive the market for the global automotive battery management system market. High capital and maintenance costs, high cost of batteries and lack of EV charging stations are few factors that may hinder the market growth of the automotive battery management system.
Increasing demand from the battery electric and plug-in electric vehicle segment to drive growth prospects
Growing digitalization and technology such as a cloud-based monitoring system have enabled the user to analyze and monitor battery data like the state of charge (SOC) and state of health (SOH). In addition, a cloud-based battery monitoring system allows online identification of battery failures at different stages of operation, thereby increasing battery efficiency. The growing popularity of high-end features with incurring a transformational change is expected to increase the demand for the battery management landscape. For instance, Bosch is connecting batteries through a cloud-based swarm intelligence system to monitor battery charging in electric vehicles (EV), thereby minimizing battery wear with longer battery life.
The involvement of major automakers such as General Motors, Toyota, Hyundai, Honda, Porsche, and JLR are more focused on the manufacturing of electric vehicles (EV), thereby expected to drive the market growth. For instance, according to McKinsey & Company survey in 2017, the electric vehicle sales hold a market share of around 1.3% and battery electric reached sales of around 66,000 units & plug-in hybrid vehicles have reached a sales of around 34,000 units worldwide.
Furthermore, the government policy measure to provide economic incentives owing to bridge the cost gap in between EVs and internal combustion engines (ICEs) and early deployment of charging infrastructures is projected to fuel the demand for the automotive battery management system globally.
North America to Dominate, Europe to Witness Strong Growth
In North America, the automobile industry is majorly driven by economic contribution, innovation and technology to develop measurable solutions that prompt energy efficiency, environmental protection, and mobility. An increasing number of light trucks and car sales in the U.S. are projected to drive the automotive battery management system market. For instance, according to the Wards Intelligence survey in Q3 2019, the automobile industry has registered a sale of around 14,038,731 units of light trucks and cars in North America.
Europe is expected to have a sufficient manufacturing capacity to meet the growing domestic demand for EV, PEV and HEV. For instance, as per the International Energy Agency (IEA) in 2018, Norway holds the electric cars market share of around 46% globally. Gradually increasing momentum for electric vehicles (EV) adoption from both the customer and automotive industry, that leads the powertrain expected to play an important in the Europe mobility market. The aforementioned factor is expected to drive the demand for batteries, further leading towards the growth of the automotive battery management system market.
Key Players & Competitive Landscape:
Some of the leading vendors profiled in the study includes Continental AG, Robert Bosch GmbH, Intel Corporation, Midtronics, Inc., NXP Semiconductors NV, Toshiba Corporation, Johnson Matthey PLC, Analog Devices, Inc., Renesas Electronics Corporation and LG Chem Ltd among others.
Historical & Forecast Period
This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2017 to 2027, considering 2018 as the base year for the research. CAGR (Compounded Annual Growth Rate) for each segment and sub-segment is calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The research study on automotive battery management system market offers market size and forecasts based on market dynamics and predominant trends shaping the industry. The report provides all round view of the global automotive battery management system market based on its battery type, vehicle type, end-use and geography. Key segments covered in the report are as follows:
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2017-2027 |
| Base Year | 2018 |
| Forecast Period | 2019-2027 |
| Historical Year | 2017 |
| Unit | USD Billion |
| Segmentation |
Battery Type Segment (2017–2027; US$ Bn) |
|
Vehicle Type Segment (2017–2027; US$ Bn) |
|
|
End-use Segment (2017-2027: US$ Bn) |
|
|
Geography Segment (2017–2027; US$ Bn) |
Key questions answered in this report
- What was the global automotive battery management system market size in 2017 & 2018?
- What is estimated forecast and market projections up to 2027?
- Which is the largest regional automotive battery management system market?
- Which end-use vertical has the largest penetration of automotive battery management system and related facilities?
- Which are the predominant trends shaping the global automotive battery management system market?
- Which is the most promising, attractive, and less-explored vehicle type segment in the global automotive battery management system market?
- Who are the leading vendors in the global automotive battery management system market?
- What are the premiere strategies adopted by the leading players in the global automotive battery management system market?
1. Preface
1.1. Report Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase III-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted
2. Executive Summary
2.1. Global ABMS Market Snapshot
2.1.1. Global ABMS Market by Battery Type, 2018 (US$ Bn)
2.1.2. Global ABMS Market by Vehicle Type, 2018 (US$ Bn)
2.1.3. Global ABMS Market by End-use, 2018 (US$ Bn)
2.1.4. Global ABMS Market by Geography, 2018(US$ Bn)
3. Global Automotive Battery Management System (ABMS) Market Dynamics
3.1. Market Overview
3.2. Drivers
3.3. Challenges
3.4. Impact Analysis of Drivers and Challenges
3.5. Competitive Landscape
3.5.1. Market Positioning of Leading ABMS Vendors, 2018
3.5.2. Strategies Adopted by Leading ABMS Vendors
4. Global Automotive Battery Management System (ABMS) Market Size (US$ Bn), By Battery Type, 2017 – 2027
4.1. Overview
4.1.1. ABMS Market Analysis by Battery Type, 2018 & 2027
4.1.1.1. Lithium-Ion Battery
4.1.1.2. Lead Acid Battery
4.1.1.3. Ni-MH Battery
5. Global Automotive Battery Management System (ABMS) Market Size (US$ Bn), By Vehicle Type, 2017 – 2027
5.1. Overview
5.1.1. ABMS Market Analysis by Vehicle Type, 2018 & 2027
5.1.1.1. Battery Electric Vehicle
5.1.1.2. Plug-in Hybrid Vehicle
5.1.1.3. Full Hybrid Vehicle
5.1.1.4. Others (Diesel, Gasoline, CNG) Vehicle
6. Global Automotive Battery Management System (ABMS) Market Size (US$ Bn), By End-use, 2017 – 2027
6.1. Overview
6.1.1. ABMS Market Analysis by End-use, 2018 & 2027
6.1.1.1. Original Equipment Manufacturer (OEM)
6.1.1.2. Aftermarket
7. Global Automotive Battery Management System (ABMS) Market Size (US$ Bn), By Geography, 2017 – 2027
7.1. North America
7.2. Europe
7.3. Asia Pacific
7.4. Rest of World
8. North America Automotive Battery Management System (ABMS) Market Analysis, 2017 – 2027
8.1. Overview
8.2. North America ABMS Market Analysis by Battery Type, 2018 & 2027
8.2.1. Lithium-Ion Battery
8.2.2. Lead Acid Battery
8.2.3. Ni-MH Battery
8.3. North America ABMS Market Size (US$ Bn), By Vehicle Type, 2017 – 2027
8.3.1. Battery Electric Vehicle
8.3.2. Plug-in Hybrid Vehicle
8.3.3. Full Hybrid Vehicle
8.3.4. Others (Diesel, Gasoline, CNG) Vehicle
8.4. North America ABMS Market Size (US$ Bn), By End-use, 2017 – 2027
8.4.1. Original Equipment Manufacturer (OEM)
8.4.2. Aftermarket
8.5. North America ABMS Market Size (US$ Bn), By Country, 2017 – 2027
8.5.1. U.S.
8.5.2. Rest of North America
9. Europe Automotive Battery Management System (ABMS) Market Analysis, 2017 – 2027
9.1. Overview
9.2. Europe ABMS Market Analysis by Battery Type, 2018 & 2027
9.2.1. Lithium-Ion Battery
9.2.2. Lead Acid Battery
9.2.3. Ni-MH Battery
9.3. Europe ABMS Market Size (US$ Bn), By Vehicle Type, 2017 – 2027
9.3.1. Battery Electric Vehicle
9.3.2. Plug-in Hybrid Vehicle
9.3.3. Full Hybrid Vehicle
9.3.4. Others (Diesel, Gasoline, CNG) Vehicle
9.4. Europe ABMS Market Size (US$ Bn), By End-use, 2017 – 2027
9.4.1. Original Equipment Manufacturer (OEM)
9.4.2. Aftermarket
9.5. Europe ABMS Market Size (US$ Bn), By Country, 2017 – 2027
9.5.1. U.K.
9.5.2. Germany
9.5.3. France
9.5.4. Rest of Europe
10. Asia Pacific Automotive Battery Management System (ABMS) Market Analysis , 2017 – 2027
10.1. Overview
10.2. Asia Pacific ABMS Market Analysis by Battery Type, 2018 & 2027
10.2.1. Lithium-Ion Battery
10.2.2. Lead Acid Battery
10.2.3. Ni-MH Battery
10.3. Asia Pacific ABMS Market Size (US$ Bn), By Vehicle Type, 2017 – 2027
10.3.1. Battery Electric Vehicle
10.3.2. Plug-in Hybrid Vehicle
10.3.3. Full Hybrid Vehicle
10.3.4. Others (Diesel, Gasoline, CNG) Vehicle
10.4. Asia Pacific ABMS Market Size (US$ Bn), By End-use, 2017 – 2027
10.4.1. Original Equipment Manufacturer (OEM)
10.4.2. Aftermarket
10.5. Asia Pacific ABMS Market Size (US$ Bn), By Country, 2017 – 2027
10.5.1. China
10.5.2. India
10.5.3. Japan
10.5.4. Rest of Asia Pacific
11. Rest of the World Automotive Battery Management System (ABMS) Market Analysis , 2017 – 2027
11.1. Overview
11.2. Rest of the World ABMS Market Analysis by Battery Type, 2018 & 2027
11.2.1. Lithium-Ion Battery
11.2.2. Lead Acid Battery
11.2.3. Ni-MH Battery
11.3. Rest of the World ABMS Market Size (US$ Bn), By Vehicle Type, 2017 – 2027
11.3.1. Battery Electric Vehicle
11.3.2. Plug-in Hybrid Vehicle
11.3.3. Full Hybrid Vehicle
11.3.4. Others (Diesel, Gasoline, CNG) Vehicle
11.4. Rest of the World ABMS Market Size (US$ Bn), By End-use, 2017 – 2027
11.4.1. Original Equipment Manufacturer (OEM)
11.4.2. Aftermarket
11.5. Rest of the World ABMS Market Size (US$ Bn), By Country, 2017 – 2027
11.5.1. Latin America
11.5.2. Middle East & Africa
12. Company Profiles
12.1. Competitive Dashboard
12.1.1. Continental AG
12.1.2. Robert Bosch GmbH
12.1.3. Intel Corporation
12.1.4. Midtronics, Inc.
12.1.5. NXP Semiconductors NV
12.1.6. Toshiba Corp
12.1.7. Johnson Matthey PLC
12.1.8. Analog Devices, Inc.
12.1.9. Renesas Electronics Corporation
12.1.10. LG Chem Ltd
* Here we are using ABMS as a short form of Automotive Battery Management System
TABLE 1 Market Snapshot: Global Automotive Battery Management System (ABMS) Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global ABMS Market, by Battery Type, 2017–2027 (US$ Bn)
TABLE 5 Global ABMS Market, by Vehicle Type, 2017–2027 (US$ Bn)
TABLE 6 Global ABMS Market, by End-use, 2017–2027 (US$ Bn)
TABLE 7 Global ABMS Market, by Geography, 2017–2027 (US$ Bn)
TABLE 8 North America ABMS Market, by Battery Type, 2017–2027 (US$ Bn)
TABLE 9 North America ABMS Market, by Vehicle Type, 2017–2027 (US$ Bn)
TABLE 10 North America ABMS Market, by End-use, 2017–2027 (US$ Bn)
TABLE 11 North America ABMS Market, by Geography, 2017–2027 (US$ Bn)
TABLE 12 Europe ABMS Market, by Battery Type, 2017–2027 (US$ Bn)
TABLE 13 Europe ABMS Market, by Vehicle Type, 2017–2027 (US$ Bn)
TABLE 14 Europe ABMS Market, by End-use, 2017–2027 (US$ Bn)
TABLE 15 Europe ABMS Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 16 Asia Pacific ABMS Market, by Battery Type, 2017–2027 (US$ Bn)
TABLE 17 Asia Pacific ABMS Market, by Vehicle Type, 2017–2027 (US$ Bn)
TABLE 18 Asia Pacific ABMS Market, by End-use, 2017–2027 (US$ Bn)
TABLE 19 Asia Pacific ABMS Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 20 Rest of the World ABMS Market, by Battery Type, 2017–2027 (US$ Bn
TABLE 21 Rest of the World ABMS Market, by Vehicle Type, 2017–2027 (US$ Bn)
TABLE 22 Rest of the World ABMS Market, by End-use, 2017–2027 (US$ Bn)
TABLE 23 Rest of the World ABMS Market, by Region, 2017–2027 (US$ Bn)
TABLE 24 Continental AG : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 25 Robert Bosch GmbH : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 26 Intel Corporation : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 27 Midtronics, Inc. : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 28 NXP Semiconductors NV : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 29 Toshiba Corp : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 30 Johnson Matthey PLC : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 31 Analog Devices, Inc. : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 32 Renesas Electronics Corporation : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 33 LG Chem Ltd : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
FIG. 1 Global Automotive Battery Management System (ABMS): Market Segmentation
FIG. 2 Global ABMS Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global ABMS Market, By Battery Type, 2018 (US$ Bn)
FIG. 5 Global ABMS Market, By Vehicle Type, 2018 (US$ Bn)
FIG. 6 Global ABMS Market, By End-use, 2018 (US$ Bn)
FIG. 7 Global ABMS Market, By Geography, 2018 (US$ Bn)
FIG. 8 Global ABMS Market Value and Growth, 2017 - 2027, (US$ Bn and % Y-o-Y)
FIG. 9 See-Saw Analysis : Global ABMS Market
FIG. 10 Market Positioning of Leading ABMS Vendors, 2018
FIG. 11 Global ABMS Market Value Contribution, By Battery Type, 2018 & 2027 (Value %)
FIG. 12 Global Lithium-Ion ABMS Market Value and Growth, 2017 - 2027, (US$ Bn)
FIG. 13 Global Lead Acid ABMS Market Value and Growth, 2017 - 2027, (US$ Bn)
FIG. 14 Global Ni-MH ABMS Market Value and Growth, 2017 - 2027, (US$ Bn)
FIG. 15 Global ABMS Market Value Contribution, By Vehicle Type, 2018 & 2027 (Value %)
FIG. 16 Global Battery Electric based ABMS Market Value and Growth, 2017 - 2027, (US$ Bn)
FIG. 17 Global Plug-in Hybrid based ABMS Market Value and Growth, 2017 - 2027, (US$ Bn)
FIG. 18 Global Full Hybrid based ABMS Market Value and Growth, 2017 - 2027, (US$ Bn)
FIG. 19 Global Others (Diesel, Gasoline, CNG) based ABMS Market Value and Growth, 2017 - 2027, (US$ Bn)
FIG. 20 Global ABMS Market Value Contribution, By End-use, 2018 & 2027 (Value %)
FIG. 21 Global Original Equipment Manufacturer (OEM) based ABMS Market Value and Growth, 2017 – 2027, (US$ Bn)
FIG. 22 Global Aftermarket based ABMS Market Value and Growth, 2017 – 2027, (US$ Bn)
FIG. 23 North America ABMS Market Value and Growth, 2017 - 2027, (US$ Bn) (Y-o-Y %)
FIG. 24 Europe ABMS Market Value and Growth, 2017 - 2027, (US$ Bn) (Y-o-Y %)
FIG. 25 Asia Pacific ABMS Market Value and Growth, 2017 - 2027, (US$ Bn) (Y-o-Y %)
FIG. 26 RoW ABMS Market Value and Growth, 2019 – 2027, (US$ Bn) (Y-o-Y %)
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