The latest market report published by Constancy Researchers “Global Automotive Battery Management Systems Market: Growth, Future Prospects, COVID-19 Impact Analysis, Drivers, Restraints, Trends, Opportunities, Investment Landscape, and Competitive Analysis, 2017 – 2028”
Global Automotive Battery Management Systems Market: Overview
The global automotive battery management systems market was valued at US$ 3.9 Billion in 2020 and is estimated to grow at a CAGR of 13.2% during the forecast period. The global automotive battery management systems market is anticipated to witness substantial growth in the years to come due to the growing demand for hybrid vehicles along with the increased awareness for electric vehicles. The increased commercial and passenger vehicles production coupled with the increased emission regulations across the globe are some other key factors for the growth of the global automotive battery management systems market during the forecast period. Moreover, the emergence of new technologies coupled with growing adoption of advanced technologies are some of the key opportunities for the global automotive battery management systems market over the upcoming years. Besides, the lack of standardized regulations is one of key factors estimated to hamper the global automotive battery management systems market growth in the years to come.
Global Automotive Battery Management Systems Market: COVID-19 Impact
The impact of COVID-19 has been considered in the global automotive battery management systems market report published by Constancy Researchers Private Limited. According to Constancy Researchers Private Limited COVID-19 analysis on the global automotive battery management systems market, the demand for automotive battery management systems has decreased due to haltin the manufacturing industry worldwide along with the decreased sales of automotive vehicles during the COVID-19 period.
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Global Automotive Battery Management Systems Market: Report Highlights
- Based on the battery type, the lithium-ion based category had a major share in the global automotive battery management systems market and estimated to continue its dominance over the forecast period.
- On the basis of connection topology, in the automotive battery management systems market, the modular topology category is estimated to witness highest growth over the upcoming years due to the increased preference for modular topology among automotive vehicles manufacturers.
- Based on the regional analysis, Europe dominated the market in 2020 and is projected to grow at the substantial rate during the forecast period. This is majorly due to the presence of key market players in the region along with the growing emission regulations in the region.
- Mergers & acquisitions, new product launches, strategic partnerships, and collaborations among key players are estimated to be the key strategies in the global automotive battery management systems market.
- As per the research by Constancy Researchers Private Limited, the global automotive battery management systems market is highly fragmented in nature owing to the presence of a large number of players at the global, regional, and country-level.
List of Key Players of Global Automotive Battery Management Systems Market
- Robert Bosch GmbH
- Continental AG
- Toshiba Electronics Devices and Storage Corporation
- Intel Corporation
- NXP Semiconductors
- Analog Devices Inc.
- Renesas Electrocnics Corporation
- Johnson Matthey Battery Systems
- LG Chem
- Midtronics Inc.
- Denso Corporation
- Panasonic Corporation
- Marelli Holdings Co. Ltd.
- Hitachi Automotive Systems Americas Inc.
- Preh GmbH
- Others
Global Automotive Battery Management Systems Market: Segmentation
Constancy Researchers Private Limited has segmented the global automotive battery management systems market on the basis of battery type, connection topology, component, propulsion type, battery capacity, technology, sales channel, vehicle type, and regional analysis-
Global Automotive Battery Management Systems Market: By Battery Type
- Lithium-ion Based
- Advanced Lead-Acid Based
- Nickel Based
- Flow Batteries
Global Automotive Battery Management Systems Market: By Connection Topology
- Centralized
- Distributed
- Modular
Global Automotive Battery Management Systems Market: By Component
- Battery IC
- Battery Sensor
- Others
Global Automotive Battery Management Systems Market: By Propulsion Type
- IC Engine Vehicle
- Electric Vehicle
Global Automotive Battery Management Systems Market: By Battery Capacity
- <100 kWh
- 100-200 kWh
- 200-500 kWh
- >500 kWh
Global Automotive Battery Management Systems Market: By Technology
- Active
- Passive
Global Automotive Battery Management Systems Market: By Sales Channel
- Original Equipment Manufacturer (OEMs)
- Aftermarket
Global Automotive Battery Management Systems Market: By Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
- Golf Cart
- E-bikes
Global Automotive Battery Management Systems Market: By Regional Analysis
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Latin America (LATAM)
- Brazil
- Mexico
- Rest of Latin America (LATAM)
- Middle East & Africa (MEA)
- United Arab Emirates (UAE)
- Saudi Arabia
- Rest of Middle East & Africa (MEA)
