Automotive Battery Management System Market Analysis

Global Automotive Battery Management System Market Overview

Automotive Battery Management System Market Size was valued at USD 4,303.64 Million in 2022. The Automotive Battery Management System market industry is projected to grow from USD 5,098.64 Million in 2023 to USD 24,648.4 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 19.1% during the forecast period (2023 - 2032). Automotive Battery Management System, increasing application of battery management systems in electric vehicles (evs) and emphasis on battery safety and performance are the key market drivers boosting the growth of the Automotive Battery Management System market. 

Figure 1: Automotive Battery Management System Market Size 2019-2032 (Usd Million)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Automotive Battery Management System Market Drivers

• The increasing emphasis on battery safety and performance.

The automotive battery management system (BMS) market is driven by the importance of battery safety and performance. There is a great deal of importance placed on battery safety in many industries, including automotive. EV lithium-ion batteries can ignite or burn when they experience thermal runaway, which can cause a fire or explosion. The safe operation of EV batteries is crucial for user safety and public confidence. Battery management systems (BMS) prevent safety incidents and mitigate risks by monitoring and controlling battery parameters.

In order to ensure the safety and performance of electric vehicle batteries, governments and regulatory bodies have established stringent standards and regulations. Compliance with these standards is mandatory for automotive manufacturers. Through BMS technology, automakers can monitor, protect, and detect faults in accordance with these requirements. In addition to monitoring and managing important parameters such as state of charge (SoC), state of health (SoH), temperature, and voltage, BMS can help optimize battery performance. Battery safety is ensured by keeping it within safe operating limits, preventing overcharging, over-discharging, and operating outside recommended temperatures. By maintaining optimal battery conditions, BMS improves overall performance, efficiency, and longevity.

Effective battery management through BMS can extend the lifespan of automotive batteries. By monitoring individual cell voltages, balancing cell charging, and implementing temperature control measures, BMS prevents cell degradation and ensures even utilization of battery capacity. Prolonging battery life reduces replacement costs and improves the overall economics of EV ownership. Due to these factors, the demand for automotive battery management systems is on the rise. For EV batteries to be safe, perform well, and last long, BMS solutions are essential, as they meet regulatory requirements and build customer trust. In the next few years, the market for electric vehicles is expected to grow as battery technology advances and electric vehicle adoption increases.

Automotive Battery Management System Market Platform Segment Insights:

Automotive Battery Management System Battery Type Insights

Based on Battery Type, the Automotive Battery Management System Market segmentation includes lithium-ion based, advance lead-acid, nickel-based, and flow batteries. The lithium-ion based held the majority share in 2022, contributing around ~72.5% to the market revenue. Lithium-ion (Li-ion) batteries are commonly used in automotive battery management systems (BMS) due to their superior energy density, power output, and cycle life. BMS plays a critical role in monitoring, controlling, and optimizing the performance of the lithium-ion batteries used in electric vehicles (EVs) and hybrid electric vehicles (HEVs). In an automotive BMS, the lithium-ion battery pack is the primary energy storage system that powers the vehicle's electric drive motor. The BMS ensures the safe and efficient operation of the battery pack by continuously monitoring its parameters such as state of charge (SOC), state of health (SOH), voltage, temperature, and current.

The use of lithium-ion batteries in automotive BMS offers several advantages. These batteries have high energy density, allowing for increased energy storage in a relatively compact and lightweight package. This is crucial for electric vehicles, as it helps maximize the driving range while minimizing weight and space requirements. Furthermore, lithium-ion batteries exhibit excellent power output, enabling high-performance acceleration and regenerative braking capabilities in EVs. They also have a long cycle life, allowing for extended use before significant capacity degradation occurs, reducing the need for frequent battery replacements.

Automotive Battery Management System Topology Insights

Based on the Topology, the Automotive Battery Management System Market segmentation is Centralized, Modular, and Distributed. Centralized dominated the market in 2022. Centralized BMS is one central pack controller that monitors, balances, and controls all the cells. The entire unit is housed in a single assembly, from which, the wire harness (N + 1 wires for N cells in series and temperature sense wires) goes to the cells of the battery. These wires are used for cell voltage, temperature measurements, and balancing.

The board is commonly powered from the battery output and does not require an external power supply. It consists of multiple Analog to Digital Converters (ADC) channels as part of the cell monitoring circuitry. The voltage on each cell is referenced to the BMS ground and this voltage grows with the number of cells and provides high voltage at the ADC channels that are measuring the topmost cells in the stack.

Figure 2: Automotive Battery Management System Market, By Topology, 2024 Vs 2032 (Usd Million)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Automotive Battery Management System Propulsion Insights

Based on Propulsion, the Automotive Battery Management System Market segmentation includes battery electric vehicles, hybrid electric vehicles, plug-in hybrid vehicles. The battery electric vehicles owners held the majority share in 2022. A Battery Electric Vehicle (BEV), pure electric vehicle, is a type of Electric Vehicles (EV) that exclusively uses chemical energy stored in rechargeable battery packs, with no secondary source of propulsion. Battery electric vehicles thus have no internal combustion engine, fuel cell, or fuel tank. Some of the broad categories of vehicles that come under this category are trucks, cars, buses, motorcycles, bicycles, and forklifts. 

Different types of batteries are used to power electric vehicles, and deciding which battery is best depends on its energy storage efficiency, production costs, constructive characteristics, safety, and lifespan. Lithium-ion batteries are the most utilized technology in electric cars. EVs run on high voltage lithium-Ion battery packs. Lithium-ion batteries have higher energy density (100-265wh/kg) compared to other battery chemistries. They pose a risk of fire under unusual circumstances.

Automotive Battery Management System Vehicle Type Insights

Based on Vehicle Type, the Automotive Battery Management System Market segmentation includes passenger cars, commercial vehicles {light & medium trucks, heavy trucks, buses, agriculture vehicles}, e-motorcycles, three wheelers, and others. The passenger cars held the majority share in 2022, contributing around ~84.7% to the market revenue. Automotive BMS technology is widely implemented in passenger cars to monitor, control, and optimize the performance of the vehicle's battery pack. As passenger cars are a significant segment of the automotive industry, the integration of BMS in these vehicles helps ensure efficient battery operation, prolong battery lifespan, enhance safety, and optimize overall vehicle performance. BMS solutions cater specifically to the unique requirements and characteristics of passenger cars, making them an essential component in managing and maintaining the battery systems of these vehicles

Automotive Battery Management System Category Insights

Based on Category, the Automotive Battery Management System Market segmentation includes high voltage {class 2 (≤600 VAC and ≤900), class 3 (≤1000 VAC and ≤1500 VDC) }, low voltage class 1 (≤30 VAC and ≤60 VDC). The high voltage held the majority share in 2022. High voltage batteries are batteries with many sets of parallel cells in series stacked to produce a battery pack with voltages reaching up to 1000V. The most typical applications where high-voltage batteries are used are Battery electric vehicles (BEVs), Plug-in hybrid electric vehicles (PHEVs), Full hybrid electric vehicles (FHEVs), Commercial electric vehicles (CAVs), and Energy Storage Systems.

HV battery packs are typically used in traction applications for electric automotive and stationary Energy Storage Systems (ESS) applications. HV battery packs have a large number of lithium-ion cells connected in series and parallel to build up the total voltage and capacity of the pack. For example, an HV battery pack of a hybrid bus rated for 600V, 100kWh built of 18650 NMC cells will have about 160 cells in series and 55 cells in parallel, taking the total cell count to 8800. Irrespective of the voltage, all lithium-ion battery packs require a BMS.

Automotive Battery Management System Regional Insights

By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia Pacific Automotive Battery Management System market accounted for ~53.7% in 2022. The Asia-Pacific region presents a robust outlook for the Automotive Battery Management System (BMS) market. With a growing focus on electric mobility, supportive government policies, technological advancements, and a strong presence of automotive manufacturers, the region offers significant opportunities for BMS growth. 

The Asia-Pacific region is witnessing a rapid expansion of the electric vehicle market. Countries like China, Japan, and South Korea are leading in EV adoption, driven by government initiatives, subsidies, and increasing consumer interest. This surge in electric vehicle sales is directly proportional to the rising demand for BMS systems. In 2021, China emerged as the global leader in electric car sales, surpassing the entire world's electric car sales in 2020. China sold approximately 3.3 million electric cars, while the global sales in 2020 stood at 3.0 million. China's electric car fleet also remained the largest in the world, reaching 7.8 million in 2021, more than double the stock in 2019 before the Covid-19 pandemic.

Figure 3: Automotive Battery Management System Market Size By Region 2024 Vs 2032

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Further, the major countries studied in the market report are the U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Europe market accounts for the second-largest market share. The European region presents promising growth for the Automotive Battery Management System (BMS) market. The growing focus on clean and sustainable transportation, stringent emission regulations, and the increasing adoption of electric vehicles (EVs) are driving the demand for BMS in Europe.

In the EU-27, there was a notable surge in the adoption of electric cars and vans in 2021. The registrations of electric cars reached approximately 1,729,000, a significant increase from 1,061,000 in 2020. This indicates a rise in the market share of total new car registrations from 10.7% to 17.8% within just one year. Electric vans also experienced an uptake, with their share of total new registrations increasing from 2.1% in 2020 to 3.1% in 2021. Notably, in 2021, the number of battery electric and plug-in hybrid cars was comparable, whereas battery electric vehicles constituted the majority of electric van registrations.

The North America Automotive Battery Management System Market is expected to grow at the fastest CAGR between 2022 and 2032. The North America region has been witnessing significant growth in the automotive battery management system market. Several factors contribute to this growth, including the increasing adoption of electric vehicles (EVs) and hybrid electric vehicles (HEVs), government initiatives promoting clean energy transportation, and the presence of major automotive manufacturers and technology companies in the region.

As sales of electric cars increased by more than double in 2021, the United States returned to the market with an impressive performance. As for the overall US car market, electric cars grew by twice as much, taking 4.5% of the market. The US electric car market is still dominated largely by Tesla, which sells more than half of all-electric vehicles. As other automakers offered electric models, Tesla's market share fell from 65% in 2020. Federal incentives programmes were not renewed, but consumers can still benefit from generous tax credits (except for Tesla and GM vehicles).

Automotive Battery Management System Key Market Players& Competitive Insights

With a strong presence across different verticals and geographies, the Automotive Battery Management System market is highly competitive and dominated by established, pure-play vendors. Over 30 vendors cater to this market, and they continually innovate their solutions to meet the evolving needs of businesses by adopting new technologies. These vendors have a robust geographic footprint and partner ecosystem to cater to diverse customer segments. The Automotive Battery Management System market is highly competitive, with many vendors offering similar products and services.

The major players in the market include NXP Semiconductors, Texas Instrument, Infineon Technologies AG, Renesas Electronics Corporation, STMicroelectronics, Sensata Technologies and others. NXP Semiconductors is committed to keeping its customers ahead of the competition and helping them to prepare for change. NXP's technological innovations are helping to better experiences across a broad spectrum of applications such as enabling technologies, sustainable product solutions, and total quality.

The Automotive Battery Management System Market is consolidated, increasing competition, acquisitions, mergers, and other strategic market developments and decisions to improve operational effectiveness.

Key Companies in the Automotive Battery Management System market include

• Infineon Technologies AG


• Texas Instrument Incorporated


• Sensata Technologies


• STMicroelectronics


• NXP Semiconductors


• Analog Devices Inc.


• Renesas Electronics Corp.


• Panasonic Industry Co., Ltd.


• Continental AG


• TDK Corporation


• Marelli Holdings Co.


• Johnson Matthey


• Vishay Intertechnology Inc.


• LEM International SA


• TitanAES


• Huber Automotive AG


• Visteon Corporation


• Mitsubishi Electric Corporation


• Robert Bosch GmbH


• LG Energy Solution

Automotive Battery Management System Industry Developments

• In January 2022, Texas Instruments launched new automotive battery cell and pack monitors with the accurate measuring capability, maximizing electric vehicle (EV) drive time and enabling safer operation. In addition, the company supplies comprehensive array of BMS devices, enabling manufacturers to create a safer, reliable driving experience and accelerate EV adoption by focusing on complex system design challenges.


• In May 2023 Sensata Technologies launched a new Compact Battery Management System including Advanced Software Functions for Industrial Applications and Low Voltage Electric Vehicles. The new c-BMS24X from Sensata Technologies' Lithium Balance battery management brand improves vehicle range, uptime, and battery health and performance for applications requiring up to 24 cells in series and 2000+A constant current.

Automotive Battery Management System Market Segmentation

Automotive Battery Management System Battery Type Outlook

• Lithium-ion Based


• Advance Lead-Acid


• Nickel-Based


• Flow Batteries

Automotive Battery Management System Topology Outlook

• Centralized


• Modular


• Distributed

Automotive Battery Management System Propulsion Outlook

• Battery Electric Vehicles


• Hybrid Electric Vehicles


• Plug-in Hybrid Vehicles

Automotive Battery Management System Vehicle Type Outlook

• Passenger Cars


• Commercial Vehicles


• Light & Medium Trucks


• Heavy Trucks


• Buses


• Agriculture Vehicles


• E-Motorcycles


• Three Wheelers


• Others

Automotive Battery Management System Propulsion Outlook

• High Voltage


• Class 2 (≤600 VAC and ≤900)


• Class 3 (≤1000 VAC and ≤1500 VDC)


• Low Voltage Class 1 (≤30 VAC and ≤60 VDC)

Automotive Battery Management System Regional Outlook

North America

• US


• Canada

Europe

• 
  
  Middle East
  
  


• 
  
  Africa
  
  


• 
  
  Latin America