The "brain" of an electric vehicle's battery pack is the automotive battery management system, and its performance has a significant impact on the vehicle's driving range and battery life. It aids in the monitoring of battery utilization and ensuring that a battery performs at its best. By managing the battery's operational area, balancing it, and safeguarding it, this system regulates the battery's recharging. It is an important component of the electric vehicle (EV) powertrain since it aids in current regulation, cell balance, and battery thermal protection. Furthermore, it is critical to identify which control functions should be allocated to a battery management system in order to avoid circumstances where the vehicle's mobility or movement is inhibited. As a result of the rising popularity of electric vehicles, the market is likely to see the development of improved automotive battery management systems throughout the forecast period.
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Many functional blocks make up a battery management system, including cell voltage balancing, real-time clock, state machine, temperature monitor, cutoff FET, fuel gauge monitor, and so on. The FET driver is in charge of connecting and isolating the battery pack from the load and charger. The fuel gauge is used to monitor the amount of charge that enters and exits the battery pack. The cell voltage of each cell should be checked using a cell voltage monitor to evaluate the overall health of the battery pack. If the cell pack delivers a larger current while maintaining a consistent voltage, the cell pack may catch fire. As a result, a temperature monitor is utilized to keep track of the temperature and avert dangerous situations. In this approach, Battery Management Systems fulfil their primary duty of battery pack protection.
According to UnivDatos Market Insights (UMI)’ research report “Automotive Battery Management System Market”, the market is expected to witness a CAGR growth of around 17% during the forecast period 2021-2027F. Global Automotive Battery Management System Market is experiencing significant growth due to the rising adoption of electric and hybrid electric vehicles along with advancements in technologies and features introduced.
Based on battery type, the market is segmented into Lithium Ion, Advanced Lead-acid and Others. The Lithium Ion segment is expected to grow at a higher CAGR during the forecasted period. Lithium-ion batteries are becoming more popular as a result of its advantages such as increased power density and cheaper cost. Previously, lead-acid batteries were often utilized, but they lacked sufficient storage capacity per unit of mass. Lithium-based batteries, on the other hand, are difficult to manage because of their non-linear charge or discharge curve. If these batteries are overcharged or undercharged, they can be damaged. As a result, the automobile battery management system aids in the notification of battery shut down or the implementation of safety measures.
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Based on topology, the market is segmented into Centralized, Modular and Distributed. The Modular segment is expected to grow at a higher CAGR during the forecasted period. Modular BMSs are gaining popularity since they provide more computational power and are safer owing to less wiring. Modular topology may be used in a variety of applications, including energy storage systems, industrial UPS, medical mobility vehicles, electric car parts, and drones.
Based on vehicle, the market is segmented into Passenger Car and Light Commercial Vehicle. The Passenger Car segment is expected to grow at a higher CAGR during the forecasted period. The passenger car segment dominates the worldwide automotive BMS market, and this trend is expected to continue. The advantage can be linked to several variables, including the growing urban population and its commuting requirements. End-users choose EVs because of the growing worry about rising environmental pollution and their cheap running costs.
Asia Pacific to Grab Lion’s Share
Based on the estimation, during the projection period of 2021-2027, Asia Pacific market is predicted to be the fastest-growing region in the coming years. During the projection period, it is predicted to dominate with the greatest CAGR. The high population density of nations like China and India, which account for more than 38% of the world population, is a major driver of this region's growth. Furthermore, several beneficial government measures conducted in these regions to revitalize the car sector, which was hit by COVID-19, are expected to fuel market expansion. Furthermore, increased urbanization and smart cities are predicted to fuel EV expansion, accelerating the market for electric vehicle onboard chargers.
According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Global Automotive Battery Management System Market are includes LG Chem, Ltd., Robert Bosch GmbH, Continental AG, Analog Devices, Inc., Intel Corporation, NXP Semiconductors NV, Renesas Electronics Corporation, Johnson Matthey, Inc., Toshiba Corporation, Midtronics, Inc. etc.
· In Sep. 2020, Analog Devices, Inc. announced the industry’s first wireless battery management system (wBMS), which enables automotive manufacturers increased flexibility to scale their electric vehicle fleets into volume production across a wide range of vehicle classes. This is the first wireless battery management system available for production electric vehicles, and it will debut on General Motors’ production vehicles powered by Ultium batteries
“Global Automotive Battery Management System Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters. This will help companies in the formulation of go to market strategies and identifying the blue ocean for its offerings.
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1. By Battery type Lithium Ion, Advanced Lead-acid and Others)
2. By Topology (Centralized, Modular and Distributed)
3. By Vehicle (Passenger Car and Commercial Vehicles)
4. By Region (North America (United States, Canada, Rest of North America), Europe (Germany, France, UK, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of APAC), and Rest of World)
5. By Company (LG Chem, Ltd., Robert Bosch GmbH, Continental AG, Analog Devices, Inc., Intel Corporation, NXP Semiconductors NV, Renesas Electronics Corporation, Johnson Matthey, Inc., Toshiba Corporation, Midtronics, Inc.)
Key questions answered in the study:
1. What are the current and future trends of the Global Automotive Battery Management System industry?
2. How the industry has been evolving in terms of end-user demand and product category?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Global Automotive Battery Management System industry?
5. What is the customer orientation, purchase behavior, and expectations from the Global Automotive Battery Management System suppliers across various countries?