Electric Vehicles – A Megatrend Driving Growth of Global Automotive Battery Management Systems Market

Automotive Battery Management System Market

With combustion engines bound for a dwindling adoption in the near future, the demand for systems to manage the electricity consumption of vehicles is pegged to gain traction. Electric vehicles are witnessing soaring sales, which has further extended the utility of automotive battery management systems. High-grade Li-ion batteries are being widely used in production of vehicles such as passenger cars and lightweight commercial vehicles. New solutions developed by automotive battery management system manufacturers offered effective ways towards boosting the efficiency of vehicles in electricity consumption. Future Market Insights foresees the global automotive battery management systems market to reach a valuation of US$ 8 billion by the end of 2027, according to its forecast study.

Analysts associated with development of this report have addressed some of the key concerns encompassing the future of global automotive battery management systems market.

What is the current size of the global automotive battery management systems market, according to you?

Our forecast report estimates the global automotive battery management systems market to be worth over US$ 2 billion as of 2017-end.

Have you considered the impact of growing EV sales while forecasting the future of automotive battery management systems?

Yes, we have. Our analysis reveals that soaring sales of electric vehicles will reflect a sharp increase in the adoption of automotive battery management systems. Particularly in the Asia-Pacific (excluding Japan) region. Majority of EVs manufactured in the world will showcase high use of lithium-ion batteries, which will further extend the scope of automotive battery management application.

Do you think OEMs have a better chance of drawing in highest sales of automotive battery management systems?

Absolutely. The aftermarket sales of automotive battery management systems will showcase an impressive growth through 2027. The OEMs, however, will showcase exceptional sales growth, becoming the largest sales channel for automotive battery management systems in the world. Incorporating with developments in automotive battery management systems is more feasible for OEMs. High profit margins associated with OEM-based sales will further boost the inclination of market players. In the coming years, production capacities of several automotive battery management system manufacturers will be extended to meet the demands of OEMs across the globe. By the end of 2027, automotive battery management systems worth over US$ 7.5 billion will be sold through OEMs.

Can you name which region will represent the largest market for automotive battery management systems in the near future?

Undisputedly, the Asia-Pacific excluding Japan (APEJ) region. China, South Korea and India – manufacturing hubs of the global automotive industry – will be observed as key marketplaces for adoption of automotive battery management systems in the coming years. North America and Western Europe will also reflect a significant attractiveness index for automotive battery management systems.

Has your research purview analyzed the automotive battery management systems market on basis of connection topology? Share some insights on this.

Yes, connection topologies namely centralized, modular and distributed have been employed during market analysis. Our estimates reveal modular topology as a leading segment in the global automotive battery management systems market.

Lastly, can you identify the key stakeholders in the global automotive battery management systems market?

Prominent automotive battery management system manufacturers include, Johnson Matthey Plc., Continental AG, Analog Devices, Inc., Robert Bosch GmbH, NXP Semiconductors NV, Toshiba Corporation, Renesas Electronics Corporation, Intel Corporation, Texas Instruments Inc., AVL LIST GmbH, LG Chem, Ltd., MIDTRONICS, Inc., Lithium Balance A/S, HORIBA MIRA Ltd., and Preh GmbH.

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About Nikhil Kaitwade 348 Articles
With over 8 years of experience in market research and consulting industry, Nikhil has worked on more than 250 research assignments pertaining to chemicals, materials and energy sector. He has worked directly with about 35 reputed companies as lead consultant for plant expansion, product positioning, capacity factor analysis, new market/segment exploration, export market opportunity evaluation and sourcing strategies.

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