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AIBS is one of the most promising segments in the entire automotive industry that has revolutionized vehicle performance, and safety. The dynamics that push the AIBS sector are complicated and span over technology breakthroughs, regulations, consumer tastes, and affiliation between industries. Advanced driver-assistance systems (ADAS) integration, as well as electric vehicles’ involvement, are among the major factors boosting market growth. With increasing levels of autonomy and electrification in cars, there has been a boom in demand for battery management systems like AIBS which enables real-time monitoring of battery health and performance.
In addition to this stringent government mandates on global vehicle safety standards and emissions serve as a push factor for more widespread use of AIBS. The need for intelligent battery sensors by car manufacturers to meet these requirements ensures optimal performance besides environmental adherence. These regulations periodically affect AIBS market making firms innovate to develop sensors that will be useful at various times whilst meeting regulatory sentiments.
Consumer preferences also significantly impact the market dynamics of AIBS. Customers are increasingly conscious about green vehicles due to increased awareness about sustainability issues. Furthermore, this shift towards EVs necessitates complex battery management systems hence creating a huge market for AIBS in return. This further results into increase in demand for reliable efficient battery sensors that can support these advanced features such as connected or autonomous vehicles which stimulate further development of the markets.
However, there are still some obstacles facing dynamics of markets today too. One major barrier is cost associated with introducing ABS into automobiles because companies cannot afford their pricing yet they need them so much currently production slowdown remains an issue here while prices continue to rise leaving few options other than benefiting from economies-of-scale at least momentarily before exploring cutting edge cost-effective solutions.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Growth Rate | Â Â 9.1% (2023-2032) |
Automotive Intelligence Battery Sensor Market Highlights:
Automotive Intelligence Battery Sensor Market Synopsis
The Automotive Intelligence Battery Sensor market is projected to grow from USD 4044.1 million in 2021 to USD 9840.64 million by 2032, exhibiting a compound annual growth rate (CAGR) of 9.1% during the forecast period (2023–2032).
An automotive intelligence battery sensor (IBS) is reliably and accurately measures the voltage, current and temperature of the battery. IBS checks the current energy status and determines the state of the charge, state of the health and state of the function of the battery. According to the German Automobile Association 50% of the vehicle breakdown cases are due to weak battery. The IBS can warn possible breakdowns that may not be caused by the battery. Thus IBS is the main element of vehicle energy management. The IBS can be directly integrated into the vehicle's electrical system with the standardized Local Interconnect Network (LIN) protocol.
Automotive intelligence battery sensor (IBS) market has seen a remarkable growth in the global market and it has been observed that it is expected to expand with the CAGR of ~11%. Growing automotive industry is the major driving factor of the global automotive intelligence battery sensor market. The escalating fuel consumption and increasing CO2 emission has led to the concern among people across the world. Growing awareness with concern about environment and increasing implementation of stringent government policies regarding road safety will further drive the automotive intelligence battery sensor market. In addition, increasing technological innovations in electric components and increase in demand for autonomous vehicles are expected to boost the market. Increase in demand for fuel efficiency standards and rapid increase in the passenger car sales worldwide is expected to create opportunities for the manufacturers to use these sensors in their vehicles. Government regulations towards safety and emissions mandate the automakers to install IBS in their vehicles, which further increases the growth of the market. However, high price of the automotive intelligence battery sensor will hinder the growth of the global automotive intelligence battery sensor market. 
The global automotive intelligence battery sensor market is segmented by technology (motor controller unit (MCU), controller area network (CAN) and local interconnect network (LIN)), voltage (12 volt, 14 volt, 24 volt, and 48 volt), vehicle type (passenger car and commercial vehicles) and electric vehicle (battery electric vehicles, hybrid electric vehicles, and plug-in hybrid electric vehicles).
The prominent players in the automotive intelligence battery sensor market include
- Continental AG (Germany),
- Robert Bosch GmbH (Germany),
- HELLA GmbH and Co. KGaA (Germany),
- Inomatic GmbH (Germany)
- NXP Semiconductors (Netherlands),
- ams AG (Austria),
- Furukawa electric co., ltd. (Japan),
- Vishay Intertechnology Inc. (U.S.),
- DENSO CORPORATION (Japan),
- MTA S.p.A. (Italy)
Industry Developments
January 2024: United Safety & Survivability Corporation, a global leader in advanced safety solutions, is proud to announce the launch of its latest innovation, a Lithium-Ion Battery Failure Detection Sensor. This groundbreaking product sets a new standard in safety for electric vehicles across industries.
Lithium-ion batteries have become an integral part of our daily lives – from school transportation to public transit to first responder vehicles to construction equipment – electric vehicles are on the rise globally. However, with the increasing prevalence of lithium-ion batteries, safety concerns have risen. Once a lithium-ion battery goes into thermal runaway, there is no stopping it, making the need for enhanced monitoring and early detection paramount.
United Safety & Survivability Corporation's Lithium-Ion Battery Failure Detection Sensor is designed to address these concerns. In the early stages of failure, the battery cell begins to generate a variety of gases that build up and increase the pressure inside the cell until the pressure relief activates venting.
The sensor detects the gases being released, detecting potential failures long before they become critical. While the device can be installed on its own, it can also be combined with a fire suppression system, such as the Fogmaker Fire Suppression System, to provide a comprehensive detection and suppression system.
The Lithium-Ion Battery Sensor is a game-changer in the field of electric vehicle safety. With the rise of electric vehicles in all sectors, the risks of fire are greatly different than what many are used to. When a fire starts within an electric vehicle, all we can hope for is to give occupants the greatest window of time to evacuate. It is truly unique to be able to offer a product that stops a fire – let alone a thermal runaway event before it even happens.
Regional Analysis:
Geographically, the global automotive intelligence battery sensor market has been divided into four major regions such as North America, Europe, Asia-Pacific and Rest of the World. Amongst all regions, Asia-Pacific is expected to dominate the growth of the market during the forecast period followed by the Europe. Exponential growth of the automotive sector in India, China, and Japan are projected to influence the growth of the automotive intelligent battery sensor market during the forecast period. Increase demand for passenger and commercial vehicles in China and India with fuel efficient system will drive the growth of the market.
The report for Global Automotive Intelligence Battery Sensor Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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