Press release
Automotive Intelligence Battery Sensor Market Research Analysis 2024-2033 | Growth, Size, Demand, Analysis, Insights
Automotive Intelligence Battery Sensor Market
The automotive intelligence battery sensor market size is expected to see rapid growth in the next few years. It will grow to $10.66 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to enhanced diagnostic capabilities, development of energy-dense batteries, sustainability initiatives, focus on vehicle safety and reliability, growing awareness of battery health. Major trends in the forecast period include increased adoption of advanced driver assistance systems (adas), advancements in sensor technologies, rise in connectivity and iot integration, development of smart charging systems, collaborations and partnerships, increasing complexity of electrical architectures.
Market Overview -
The automotive intelligence battery sensor refers to a device that provides information about the current energy status, health, and function of the battery. An automotive intelligence battery sensor measures the battery's voltage, current, and temperature reliably and accurately. It is the main element of vehicle energy management, which integrates these systems into the vehicle's electrical system to keep the engine running and avoid vehicle failure. Additionally, the sensor supports intelligent alternator control.
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Growing Automotive Industry Drives Demand For Automotive Intelligence Battery Sensors
An increase in the automotive industry is expected to propel the automotive intelligence battery sensor. Economies worldwide have been steadily increasing, which has increased the standard of living and further increased the purchasing power. The advent of the COVID-19 pandemic also resulted in individuals preferring a safer mode of transportation that promoted social distancing and thus boosted the growth of automobiles. With the increase in gas prices, there has also been widespread adoption of EV vehicles that aim to reduce costs and increase efficiency. These factors increased the demand for automobile intelligence battery sensors, offering vehicle energy management by continuously analyzing the status of critical parameters related to battery health. For instance, in June 2021, according to a report from the OICA (International Organization of Motor Vehicle Manufacturers), global passenger car sales increased from 53 million in 2020 to 56 million. Similarly, commercial vehicle sales increased from 24 million in 2020 to 26 million in 2021. Therefore, the increased demand in the automotive industry drives the growth of the automotive intelligence battery sensor market.
Competitive Landscape -
Major companies operating in the automotive intelligence battery sensor market report are Robert Bosch GmbH, NXP Semiconductors N.V., Continental AG, Furukawa Electric Company Limited, Vishay Intertechnology Inc., Texas Instruments Incorporated, Inomatic GmbH, MTA Automotive Solutions Pvt. Ltd., Denso Corporation, Abertax Technologies Limited, Autotech Components Pvt. Ltd., Bamomas, Analog Devices Inc., Infineon Technologies AG, Sensata Technologies Inc., STMicroelectronics N.V., TE Connectivity Ltd., Hella GmbH & Co. KGaA, Hitachi Automotive Systems Ltd., Renesas Electronics Corporation, Mitsubishi Electric Corporation, Panasonic Corporation, LG Chem Ltd., BYD Company Ltd., Contemporary Ampere*x Technology Co. Limited, ams-OSRAM AG, Electronic Design News, Akebono Brake Industry Co. Ltd., Alibaba Group Holding Limited, Anfield Sensors Inc., First Sensor AG
Technological Advancements Driving Automotive Intelligence Battery Sensor Market
Technological advancements have emerged as a key trend gaining popularity in the automotive intelligence battery sensor market. Major automotive intelligence battery sensor companies are focused on delivering advanced battery solutions to strengthen their market position. For instance, in May 2022, Continental AG, a Germany-based automotive parts manufacturing company, launched new sensors to protect electrified vehicle batteries. These high-voltage Current Sensor Modules (CSM) and Battery Impact Detection (BID) provide current and temperature data to keep the battery safe and long-lasting, save up to 50% of its weight, and also provide underfloor protection.
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Key Segments -
The automotive intelligence battery sensor market covered in this report is segmented -
1) By Technology: MCU, CAN, LIN
2) By Voltages: 12, 14, 24, 48
3) By Application: LDWS (Lane Departure Warning System), BSD (Blind Spot Detection System), FCW (Forward Collision Warning System), Pedestrian Protection, Night Vision, Head-up Displays, Other Applications
4) By Vehicle Type: Passenger Car, Commercial Vehicles
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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