Automotive Intelligence Battery Sensor Market Projected to Reach US$ 9.90 BN by 2031, Driven by Vehicle Electrification
Automotive Intelligence Battery Sensor Market Size, Share, Industry Analysis and Forecast 2024-2031.
The Automotive Intelligence Battery Sensor market is primed for substantial expansion, fueled by the increasing demand for electric vehicles and progressions in vehicle electrification”
AUSTIN, TEXAS, UNITED STATES, April 16, 2024 /EINPresswire.com/ -- The Automotive Intelligence Battery Sensor Market, according to the SNS Insider report, reached a value of USD 4.14 Billion in 2023. Looking ahead, the market is projected to reach a staggering USD 9.90 Billion by 2031, reflecting a robust compound annual growth rate (CAGR) of 11.5% during the forecast period from 2024 to 2031.— SNS Insider
An automobile intelligence battery sensor (IBS) plays a critical role in monitoring a vehicle's battery health and performance. This sensor accurately measures key parameters like temperature, voltage, and current. By analyzing this data, the IBS provides valuable insights into the battery's state of charge, state of function (power capabilities), and state of health (age). This real-time information allows the vehicle's energy management system to optimize battery performance and extend its lifespan. IBS also plays a crucial role in early detection of potential battery issues, preventing unexpected breakdowns and enhancing overall vehicle safety. The IBS typically connects directly to the vehicle's electrical system using the established Local Interconnect Network (LIN) protocol.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐จ๐ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐ง๐ฌ๐จ๐ซ ๐๐๐ซ๐ค๐๐ญ @ https://www.snsinsider.com/sample-request/2160
๐๐๐๐๐ข๐ง๐ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐จ๐ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐ง๐ฌ๐จ๐ซ ๐๐๐ซ๐ค๐๐ญ
Continental AG (Germany)
NXP Semiconductors (Netherlands)
Robert Bosch GmbH (Germany)
HELLA GmbH and Co. KGaA (Germany)
DENSO CORPORATION (Japan)
Inomatic GmbH (Germany)
AMS AG (Austria)
Furukawa electric co. ltd. (Japan)
Vishay Intertechnology Inc. (U.S.)
MTA S.p.A. (Italy)
๐๐๐ ๐ฆ๐๐ง๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
The automotive intelligence battery sensor market splits into segments based on voltage, technology, and vehicle type. Currently, 12-volt sensors reign supreme in traditional gasoline vehicles. However, 14-volt options are poised for growth due to start-stop technology. The commercial vehicle market utilizes 24-volt sensors, while 48-volt options are gaining traction in mild hybrids for better fuel efficiency. Technology-wise, cost-effective LIN sensors dominate, but CAN is expected to rise for complex battery systems. The Motor Control Unit (MCU) segment is also growing as advanced battery management integrates within the MCU itself. Finally, passenger cars lead the market due to production volume, while commercial vehicles are catching up for improved efficiency and regulation compliance.
๐๐ฆ๐ฉ๐๐๐ญ ๐จ๐ ๐๐ฎ๐ฌ๐ฌ๐ข๐-๐๐ค๐ซ๐๐ข๐ง๐ ๐๐๐ซ
The ongoing conflict between Russia and Ukraine is expected to have a moderate impact on the automotive intelligence battery sensor market. Disruptions in the supply chain for key raw materials and components used in IBS production, coupled with rising energy costs, could lead to temporary price fluctuations and production delays. However, the long-term growth prospects of the market remain positive, driven by the aforementioned factors. Automakers may look for alternative suppliers to mitigate the impact of the war on their production schedules.
๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐จ๐ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐ง๐ฌ๐จ๐ซ
๐๐ฒ ๐๐จ๐ฅ๐ญ๐๐ ๐:
12 Volt
14 Volt
24 Volt
48 Volt
๐๐ฒ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ:
LIN
CAN
MCU
๐๐ฒ ๐๐๐ก๐ข๐๐ฅ๐ ๐๐ฒ๐ฉ๐:
Passenger cars
Commercial vehicles
๐๐ฒ ๐๐๐ ๐ข๐จ๐ง
North America
Europe
Asia-Pacific
The Middle East & Africa
Latin America
๐ ๐จ๐ซ ๐๐จ๐ซ๐ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐๐๐ญ๐, ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง @ https://www.snsinsider.com/enquiry/2160
๐๐ฆ๐ฉ๐๐๐ญ ๐จ๐ ๐๐๐จ๐ง๐จ๐ฆ๐ข๐ ๐๐ฅ๐จ๐ฐ๐๐จ๐ฐ๐ง
An economic slowdown can potentially dampen the growth of the automotive intelligence battery sensor market. Consumers may delay discretionary purchases like new vehicles, leading to a decline in overall vehicle production. This, in turn, could impact the demand for IBS. However, the long-term outlook remains optimistic. Stringent emission regulations and the growing popularity of EVs and HEVs are expected to continue driving the market forward, even in an economic downturn. Furthermore, cost reductions and technological advancements in IBS are expected to make these sensors more affordable, potentially mitigating the impact of an economic slowdown on market growth.
๐๐๐ฒ ๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
The global automotive intelligence battery sensor market can be broadly categorized into four key regions: North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region is anticipated to witness the most significant growth during the forecast period. This is primarily due to the exponential expansion of the automotive sector in countries like India, China, and Japan. The growing demand for fuel-efficient vehicles in these countries, particularly in the passenger car and commercial vehicle segments, will fuel the demand for IBS. Additionally, government initiatives promoting electric vehicle adoption and stricter emission regulations in these regions will further propel the market forward.
๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ก๐ข๐ฌ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ @ https://www.snsinsider.com/checkout/2160
๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ ๐๐จ๐ซ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐ง๐ฌ๐จ๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ญ๐ฎ๐๐ฒ
The rising adoption of electric and hybrid vehicles, coupled with stringent emission regulations, is driving significant growth in the automotive intelligence battery sensor market.
Growing consumer demand for improved vehicle safety and performance is another key driver.
Technological advancements and cost reductions in IBS are expected to further accelerate market expansion.
The Asia-Pacific region is anticipated to be the fastest-growing market due to the booming automotive sector and government initiatives promoting electric vehicles.
๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
Bosch, a leading industry player, has unveiled its latest advancements in battery sensor technology. These advancements promise enhanced accuracy and real-time monitoring capabilities, enabling more efficient battery management.
Continental AG has introduced innovative solutions focused on optimizing energy management within electric vehicles. These solutions aim to improve overall battery efficiency and extend battery life, further highlighting the importance of intelligent battery sensors in the EV market.
๐๐๐๐ฅ๐ ๐จ๐ ๐๐จ๐ง๐ญ๐๐ง๐ญ- ๐๐๐ฃ๐จ๐ซ ๐๐จ๐ข๐ง๐ญ๐ฌ
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
5. Value Chain Analysis
6. Porterโs 5 forces model
7. PEST Analysis
8. Automotive Intelligence Battery Sensor Market Segmentation, By Voltage
9. Automotive Intelligence Battery Sensor Market Segmentation, By Technology
10. Automotive Intelligence Battery Sensor Market Segmentation, By Vehicle Type
11. Regional Analysis
12. Company Profiles
13. Competitive Landscape
14. Conclusion
Continueโฆ.
๐๐๐๐๐ฌ๐ฌ ๐๐ก๐ข๐ฌ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐ก๐๐ซ๐ญ๐ฌ ๐๐ง๐ ๐๐ซ๐๐ฉ๐ก๐ฌ @ https://www.snsinsider.com/reports/automotive-intelligence-battery-sensor-market-2160
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
Akash Anand โ Head of Business Development Strategy
Email: info@snsinsider.com
Phone: +1โ415โ230โ0044 (US) | +91โ7798602273 (IND)
Akash Anand
SNS Insider Pvt. Ltd
+1 415-230-0044
info@snsinsider.com
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