Battery Sensor Market
Battery Sensor Market Forecasts to 2030 - Global Analysis by Sensor Type (Current Sensors, Voltage Sensors and Temperature Sensors), Voltage Type (12V, 24V and 48V), Vehicle Type, Technology, Application, Distribution Channel and By Geography
According to Stratistics MRC, the Global Battery Sensor Market is accounted for $5.00 billion in 2024 and is expected to reach $10.19 billion by 2030 growing at a CAGR of 12.6% during the forecast period. A battery sensor is a device that monitors and measures critical parameters of a battery, such as voltage, current, and temperature. These sensors provide real-time data to optimize battery performance, enhance safety, and extend lifespan. Commonly used in automotive, industrial, and consumer electronics applications, battery sensors enable efficient battery management by detecting anomalies, preventing overcharging or overheating, and ensuring optimal charging and discharging cycles. They are essential for modern battery-powered systems and energy storage solutions.
According to the International Energy Agency (IEA), the global electric vehicle (EV) stock surpassed 10 million in 2020, a 43% increase over 2019, indicating a growing demand for battery management systems.
Market Dynamics:
Driver:
Rising demand for electric vehicles
The increasing demand for electric vehicles is a significant driver for the battery sensor market. As governments worldwide implement stricter emissions regulations and consumers become more environmentally conscious, the adoption of EVs is accelerating. Battery sensors play a crucial role in EV battery management systems, monitoring voltage, current, temperature, and state of charge. These sensors ensure optimal battery performance, longevity, and safety, which are essential for EV operation. The growing EV market directly contributes to the expansion of the battery sensor market, driving innovation and increased production of advanced sensor technologies.
Restraint:
High cost of battery sensors
Advanced battery sensors, particularly those used in electric vehicles and high-performance applications, require sophisticated technology and precision manufacturing. This results in higher production costs, which are often passed on to consumers. The increased expense can limit the adoption of battery sensors in price-sensitive markets or applications where cost reduction is a priority. Additionally, the need for specialized materials and components in sensor production contributes to the overall cost.
Opportunity:
Integration with IoT
IoT connectivity enables real-time monitoring, data collection and analysis of battery performance across various applications. This integration allows for predictive maintenance, remote diagnostics, and optimized battery management in industries such as automotive, renewable energy, and consumer electronics. IoT-enabled battery sensors can provide valuable insights for improving battery efficiency, extending lifespan, and enhancing overall system performance. As IoT technology continues to evolve and expand, the demand for smart, connected battery sensors is expected to increase, opening new avenues for market growth.
Threat:
Technical complexities
As battery technologies advance and become more sophisticated, the requirements for sensors become increasingly complex. Developing sensors that can accurately measure and monitor various parameters across different battery chemistries and configurations presents significant challenges. Issues such as electromagnetic interference, thermal management, and integration with existing systems can complicate sensor design and implementation. These technical hurdles may lead to delays in product development, increased costs, and potential reliability issues.
Covid-19 Impact:
The COVID-19 pandemic initially disrupted the Battery Sensor Market due to supply chain interruptions and manufacturing slowdowns. However, the increased focus on electric vehicles and renewable energy solutions during the recovery phase has accelerated the demand for battery sensors. The pandemic highlighted the importance of efficient energy management and remote monitoring capabilities, potentially boosting the adoption of advanced battery sensor technologies in various applications.
The passenger vehicles segment is expected to be the largest during the forecast period
The passenger vehicles segment is anticipated to dominate the battery sensor market during the forecast period. The increasing adoption of electric and hybrid vehicles in the passenger car segment is driving the demand for advanced battery management systems, which rely heavily on battery sensors. These sensors play a crucial role in monitoring battery health, optimizing performance, and ensuring safety in passenger vehicles. Additionally, the growing integration of advanced driver assistance systems (ADAS) and infotainment features in modern cars requires more sophisticated battery management, further boosting the demand for battery sensors in this segment.
The voltage sensors segment is expected to have the highest CAGR during the forecast period
The voltage sensors segment is projected to experience the highest CAGR in the battery sensor market during the forecast period. Voltage sensors are essential components in battery management systems, providing critical information about battery state of charge, health, and overall performance. The increasing complexity of battery systems in electric vehicles, renewable energy storage, and portable electronics drives the demand for more accurate and reliable voltage sensing technologies. As battery technologies evolve and energy density improves, the need for precise voltage monitoring becomes even more crucial. This trend, coupled with advancements in sensor technology and the growing emphasis on battery safety and efficiency, contributes to the rapid growth of the voltage sensors segment.
Region with largest share:
The Asia Pacific region is poised to dominate the battery sensor market due to its strong presence in the automotive and electronics industries. Countries like China, Japan, and South Korea are leading manufacturers of electric vehicles and consumer electronics, driving significant demand for battery sensors. The region's robust ecosystem of battery manufacturers, coupled with government initiatives promoting electric mobility and renewable energy, contributes to its market leadership. Additionally, the high adoption rate of new technologies and the presence of major sensor manufacturers in the region further solidify Asia Pacific's position as the largest market for battery sensors.
Region with highest CAGR:
The Asia Pacific region is anticipated to experience the highest CAGR in the battery sensor market due to several factors. The rapid expansion of the electric vehicle market in countries like China and India, coupled with increasing investments in renewable energy storage solutions, drives the demand for advanced battery sensors. Government policies supporting clean energy and sustainable transportation further accelerate market growth. The region's strong manufacturing capabilities and continuous technological advancements in the electronics industry contribute to the rapid adoption of innovative battery sensor technologies. As Asia Pacific continues to lead in EV production and battery technology development, its market for battery sensors is expected to grow at an unprecedented rate.
Key players in the market
Some of the key players in Battery Sensor market include Robert Bosch GmbH, Continental AG, HELLA GmbH & Co. KGaA, Vishay Intertechnology, Inc., NXP Semiconductors, DENSO CORPORATION, Texas Instruments Incorporated, TE Connectivity, ams AG, Inomatic GmbH, Qinuo Electronics Co. Ltd, Furukawa Electric Co., Ltd., Renesas Electronics Corporation, Autotec Components, Insplorion AB, AMS AG, EDN Network, and Sensata Technologies, Inc.
Key Developments:
In January 2024, The Optoelectronics group of Vishay Intertechnology, Inc.introduced a new fully integrated proximity sensor designed to increase efficiency and performance in consumer applications. Featuring a vertical-cavity surface-emitting laser (VCSEL), the Vishay Semiconductors VCNL36828P combines a photodiode, application-specific integrated circuit (ASIC), 16-bit ADC, and smart dual I2C slave address in a compact 2.0 mm by 1.0 mm by 0.5 mm surface-mount package.
In November 2023, NXP introduced a next-generation battery cell controller IC designed for lifetime performance and battery pack safety in EVs and energy storage systems. It offers down to 0.8 mV cell measurement accuracy.
In March 2023, Continental AG introduced a new high-speed inductive e-motor Rotor Position Sensor (eRPS) for electric vehicles. While not directly a battery sensor, it's related to EV technology and efficiency.
Sensor Types Covered:
• Current Sensors
• Voltage Sensors
• Temperature Sensors
Voltage Types Covered:
• 12V
• 24V
• 48V
Vehicle Types Covered:
• Passenger Vehicles
• Commercial Vehicles
Technologies Covered:
• Controller Area Network (CAN)
• Local Interconnect Network (LIN)
Applications Covered:
• Automotive
• Energy Storage Systems
• Consumer Electronics
• Industrial
• Aerospace & Defense
• Renewable Energy
• Other Applications
Distribution Channels Covered:
• OEMs
• Aftermarket
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Battery Sensor Market, By Sensor Type
5.1 Introduction
5.2 Current Sensors
5.3 Voltage Sensors
5.4 Temperature Sensors
6 Global Battery Sensor Market, By Voltage Type
6.1 Introduction
6.2 12V
6.3 24V
6.4 48V
7 Global Battery Sensor Market, By Vehicle Type
7.1 Introduction
7.2 Passenger Vehicles
7.2.1 Electric Vehicles
7.2.2 Hybrid Vehicles
7.2.3 Conventional Vehicles
7.3 Commercial Vehicles
7.3.1 Light Commercial Vehicles (LCVs)
7.3.2 Heavy Commercial Vehicles (HCVs)
8 Global Battery Sensor Market, By Technology
8.1 Introduction
8.2 Controller Area Network (CAN)
8.3 Local Interconnect Network (LIN)
9 Global Battery Sensor Market, By Application
9.1 Introduction
9.2 Automotive
9.2.1 Battery Management Systems
9.2.2 Start-Stop Systems
9.3 Energy Storage Systems
9.4 Consumer Electronics
9.5 Industrial
9.6 Aerospace & Defense
9.7 Renewable Energy
9.8 Other Applications
10 Global Battery Sensor Market, By Distribution Channel
10.1 Introduction
10.2 OEMs
10.3 Aftermarket
11 Global Battery Sensor Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Robert Bosch GmbH
13.2 Continental AG
13.3 HELLA GmbH & Co. KGaA
13.4 Vishay Intertechnology, Inc.
13.5 NXP Semiconductors
13.6 DENSO CORPORATION
13.7 Texas Instruments Incorporated
13.8 TE Connectivity
13.9 ams AG
13.10 Inomatic GmbH
13.11 Qinuo Electronics Co. Ltd
13.12 Furukawa Electric Co., Ltd.
13.13 Renesas Electronics Corporation
13.14 Autotec Components
13.15 Insplorion AB
13.16 AMS AG
13.17 EDN Network
13.18 Sensata Technologies, Inc.
List of Tables
1 Global Battery Sensor Market Outlook, By Region (2022-2030) ($MN)
2 Global Battery Sensor Market Outlook, By Sensor Type (2022-2030) ($MN)
3 Global Battery Sensor Market Outlook, By Current Sensors (2022-2030) ($MN)
4 Global Battery Sensor Market Outlook, By Voltage Sensors (2022-2030) ($MN)
5 Global Battery Sensor Market Outlook, By Temperature Sensors (2022-2030) ($MN)
6 Global Battery Sensor Market Outlook, By Voltage Type (2022-2030) ($MN)
7 Global Battery Sensor Market Outlook, By 12V (2022-2030) ($MN)
8 Global Battery Sensor Market Outlook, By 24V (2022-2030) ($MN)
9 Global Battery Sensor Market Outlook, By 48V (2022-2030) ($MN)
10 Global Battery Sensor Market Outlook, By Vehicle Type (2022-2030) ($MN)
11 Global Battery Sensor Market Outlook, By Passenger Vehicles (2022-2030) ($MN)
12 Global Battery Sensor Market Outlook, By Electric Vehicles (2022-2030) ($MN)
13 Global Battery Sensor Market Outlook, By Hybrid Vehicles (2022-2030) ($MN)
14 Global Battery Sensor Market Outlook, By Conventional Vehicles (2022-2030) ($MN)
15 Global Battery Sensor Market Outlook, By Commercial Vehicles (2022-2030) ($MN)
16 Global Battery Sensor Market Outlook, By Light Commercial Vehicles (LCVs) (2022-2030) ($MN)
17 Global Battery Sensor Market Outlook, By Heavy Commercial Vehicles (HCVs) (2022-2030) ($MN)
18 Global Battery Sensor Market Outlook, By Technology (2022-2030) ($MN)
19 Global Battery Sensor Market Outlook, By Controller Area Network (CAN) (2022-2030) ($MN)
20 Global Battery Sensor Market Outlook, By Local Interconnect Network (LIN) (2022-2030) ($MN)
21 Global Battery Sensor Market Outlook, By Application (2022-2030) ($MN)
22 Global Battery Sensor Market Outlook, By Automotive (2022-2030) ($MN)
23 Global Battery Sensor Market Outlook, By Battery Management Systems (2022-2030) ($MN)
24 Global Battery Sensor Market Outlook, By Start-Stop Systems (2022-2030) ($MN)
25 Global Battery Sensor Market Outlook, By Energy Storage Systems (2022-2030) ($MN)
26 Global Battery Sensor Market Outlook, By Consumer Electronics (2022-2030) ($MN)
27 Global Battery Sensor Market Outlook, By Industrial (2022-2030) ($MN)
28 Global Battery Sensor Market Outlook, By Aerospace & Defense (2022-2030) ($MN)
29 Global Battery Sensor Market Outlook, By Renewable Energy (2022-2030) ($MN)
30 Global Battery Sensor Market Outlook, By Other Applications (2022-2030) ($MN)
31 Global Battery Sensor Market Outlook, By Distribution Channel (2022-2030) ($MN)
32 Global Battery Sensor Market Outlook, By OEMs (2022-2030) ($MN)
33 Global Battery Sensor Market Outlook, By Aftermarket (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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