Automotive Intelligence Battery Sensor Market Size was valued at USD 4.85 billion in 2023 and is expected to reach USD 10.03 billion by 2031 and grow at a CAGR of 9.5 % over the forecast period 2024-2031.
An automobile intelligence battery sensor, also known as an IBS, is able to measure the temperature, voltage, and current of the battery in a dependable and accurate manner. An intelligent battery sensor (IBS) is a shunt-type sensor that analyses the battery pack and delivers voltage, current, and temperature information. It is directly connected to the negative terminal of a vehicle's battery. IBS examines the current state of the battery's charge, as well as its health and ability to perform its functions, and reports its findings to the user. The IBS is able to provide a warning in the event of a potential breakdown that is not caused by the battery.
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IBS regularly analyses the battery and reports on three key factors. These three parameters are the battery's state of charge, state of function (power capabilities), and state of health (age). The monitoring of the battery aids in the detection of faults and relays this information to the driver. This IBS is the primary component of the energy management system for the vehicle. Using the established Local Interconnect Network (LIN) protocol, the IBS can be directly linked to the electrical system of the car.
KEY DRIVERS:
People all throughout the world are worried about rising fuel usage and CO2 emissions.
The global automotive intelligence battery sensor market is being fueled by a booming automotive sector.
Advancements in the field of electric components.
The market for self-driving cars is predicted to grow due to an increase in consumer demand.
RESTRAINTS:
The high cost of the automotive intelligence battery sensor will limit the expansion of the market.
Concern for the environment is on the rise.
OPPORTUNITIES:
The market will continue to grow as more government rules surrounding road safety are implemented.
Fuel economy regulations are becoming increasingly popular, which is leading to a rise in their use.
The government mandates that automakers put IBS in their vehicles.
These sensors are projected to be used more frequently due to an increase in sales of passenger vehicles.
CHALLENGES:
Malfunctioning of the system could pose a threat to the market.
The expensive automotive intelligence battery sensor will challenge industry growth.
COVID-19 harmed the car sector by 2020 because to travel bans and lockdown-related restrictions. The pandemic affects all automotive and transportation industries, including Automotive Intelligent Battery Sensor makers. Due to travel limitations, the pandemic's economic slowdown, and a drop in demand, automakers have slashed production investment to reduce costs and expenses. Due to protracted supply chain halts in major vehicle production, Automotive Intelligent Battery Sensor vendors have seen demand drop. As lockdown measures are relaxed, demand for safer passenger cars should surge. Since Automotive Intelligent Battery Sensor is an essential part of cars, the industry is likely to recover. Despite the epidemic, demand for electric vehicles is fueling the expansion of Automotive Intelligent Battery Sensor.
The global market has been divided into 12 Volt, 14 Volt, 24 Volt, and 48 Volt based on the voltage segment. In terms of revenue, the 14 Volt segment was the most important part of the global automotive intelligence battery sensor market.
Market, By Technology:
The global market has been divided into LIN, CAN, and MCU Based on the technology segment. Most CAN applications use Lin. It gives LIN master nodes and slave devices a standard interface. CAN specify how electronic controllers in automobiles interact across an automotive bus. Embedded controllers with built-in intelligence on the chip are also known as microcontrollers (MCUs).
Market, By Vehicle Type:
The global market has been divided into passenger cars and commercial vehicles based on the vehicle type segment. The demand for these sensors is significantly higher in passenger vehicles compared to other vehicle types. Commercial vehicles increase the electric car range by providing information about remaining energy, which is helpful for charging or identifying nearby charging stations.
By Voltage:
12 Volt
14 Volt
24 Volt
48 Volt
By Technology:
LIN
CAN
MCU
By Vehicle Type:
Passenger cars
Commercial vehicles
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North America, Europe, Asia-Pacific, and the Rest of the World are the four primary regions that make up the worldwide automotive intelligence battery sensor market. Within each of these regions, there are submarkets that cater to specific needs. During the period covered by the forecast, it is anticipated that the Asia-Pacific region will have the most impact on the overall growth of the market, followed by Europe. During the period covered by this estimate, the growth of the automotive intelligent battery sensor market is anticipated to be influenced by the exponential expansion of the automotive sector in the countries of India, China, and Japan. The expansion of the market will be driven by an increase in the demand for fuel-efficient systems in China and India's passenger and commercial vehicle markets.
REGIONAL COVERAGE:
North America
The USA
Canada
Mexico
Europe
Germany
The UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
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.), and MTA S.p.A. (Italy) are some of the affluent competitors with significant market share in the Automotive Intelligence Battery Sensor Market.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 4.85 Billion |
| Market Size by 2031 | US$ 10.03 Billion |
| CAGR | CAGR of 9.5% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Voltage (12 Volt, 14 Volt, 24 Volt, 48 Volt) • by Technology (LIN, CAN, MCU) • by Vehicle Type (Passenger cars, Commercial vehicles) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | 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.), and MTA S.p.A. (Italy) |
| Key Drivers | •People all throughout the world are worried about rising fuel usage and CO2 emissions. •The global automotive intelligence battery sensor market is being fueled by a booming automotive sector. |
| RESTRAINTS | •The high cost of the automotive intelligence battery sensor will limit the expansion of the market. •Concern for the environment is on the rise. |
Ans:- The market forecast period is 2024-2031 according to the study report.
Ans;- 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), and MTA S.p.A. (Italy) are the most prominent players in the market.
Ans:- The high cost of the automotive intelligence battery sensor and increasing concern for the environment are the primary market restraints for Automotive Intelligence Battery Sensor Market.
Ans;- Yes.
Ans:- The study includes a comprehensive analysis of market trends, as well as present and future market forecasts. DROC analysis, as well as impact analysis for the projected period. Porter’s five forces analysis aids in the study of buyer and supplier potential as well as the competitive landscape etc.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Automotive Intelligence Battery Sensor Market Segmentation, By Voltage
8.1 12 Volt
8.2 14 Volt
8.3 24 Volt
8.4 48 Volt
9. Global Automotive Intelligence Battery Sensor Market Segmentation, By Technology
9.1 LIN
9.2 CAN
9.3 MCU
10. Global Automotive Intelligence Battery Sensor Market Segmentation, By Vehicle Type
10.1 Passenger cars
10.2 Commercial vehicles
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 the USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 the UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Robert Bosch GmbH (Germany),
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Continental AG (Germany)
12.3 NXP Semiconductors (Netherlands)
12.4 HELLA GmbH and Co. KGaA (Germany)
12.5 DENSO CORPORATION (Japan)
12.6 Inomatic GmbH (Germany)
12.7 AMS AG (Austria)
12.8 Furukawa electric co., ltd. (Japan)
12.9 Vishay Intertechnology Inc. (U.S.)
12.10 MTA S.p.A. (Italy)
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
14. Conclusion
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