Automotive Intelligent Battery Sensor Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)

Automotive Intelligent Battery Sensor Market Size

Automotive Intelligent Battery Sensor Market Trends & Drivers

Improvements in EV Technology Are Major Trends

• Due to the improvements in technology, semiconductor companies are now able to make sensors that are more compact and smaller. These sensors can be installed more easily and take less space, which helps reduce space requirement and installing complexity.
• Many modern intelligent battery sensors include wireless communication capability, which allows them to link to the internal computer systems of the car without electrical wiring. This facilitates better interaction with other car systems and increases installation flexibility. This helps reduce time and effort during installation.
• As the demand for electric vehicles increases, the demand for these solutions is also increasing. Intelligent battery sensors because they offer safety features, such as overvoltage and overcurrent protection, temperature monitoring, and short circuit detection. This helps prevent battery-related accidents or damage to the electrical vehicle.

Increasing Awareness of Health and Wellness Is Key Driver

• Consumers’ increasing awareness of their wellbeing and health has an impact on their decision-making in various areas of life, including automotive technology.
• As consumers become more aware of harmful effects that standard automobile components have on the environment and human health, their demand for EVs is increasing rapidly.
• An increasing number of people purchasing EVs are looking for intelligent battery sensors because they help increase the energy efficiency of vehicles and make transportation eco-friendlier.
• As the focus of people on this technology is increasing, companies are spending more money on research and development to improve the product efficiency, life, and sustainability.

High Cost of Intelligent Battery Sensors Hampers Market Growth

• Due to the addition of advanced technologies, such as sensors, processors, and connection capabilities, the production costs of automotive intelligent battery sensors are much higher than of traditional sensors. Due to this, the cost of the batteries that have these sensors is high, which ultimately makes the EV expensive. Because of this, consumers who are worried about the cost might not buy that automobile.
• Automotive intelligent battery sensor manufacturing involves difficult procedures and requires special equipment, including advanced testing facilities and precision machines. These specifications raise the operational and administrative expenses of producing sensors, which drives up their purchase cost.
• The requirement for highly qualified workforce and strict quality assurance raises manufacturing costs even further, making it challenging for producers to provide competitive pricing against traditional sensor technologies.

Automotive Intelligent Battery Sensor Industry Outlook

Technology Analysis

• The local interconnect network category held the larger market share, of 45%, in 2024. This is because it is a cost-effective serial communication technique for the connected devices in vehicles. This makes it an attractive option for automotive manufacturers who want to minimize the production costs.
• LIN is a good fit for applications where relatively low data transmission rates and simple communication protocols are required, such as automobile intelligent battery sensors.
• Controller area network is the fastest growing category, with a CAGR of 12.6% during 2024–2030. This is because it provides a high data speed, strength, and reliability, due to which it is highly suitable for rapid communication between the various components of vehicles' electrical systems.

Below are the technologies that were studied in this report

• Local Interconnect Network (LIN) (Largest Category)
• Controller Area Network (CAN) (Fastest-Growing Category)
• Microcontroller Unit (MCU)

Voltage Insights

• The 12 Volts category held the largest market share, of 55%, in 2024. This is due to ease of recycling 12-Volt batteries and their ability to store more energy per unit of volume.
• The 12 Volts is also expected to be the fastest-growing, with a CAGR of 12.7%, during 2024–2030. This is due to their low cost and increasing demand for EVs.
• This category is growing rapidly due to the growing demand for advanced automotive electronics and the wide usage of these batteries in start/stop systems and other components.
• These batteries are safer for DC circuits.

Below are the battery voltages that were studied in this report

• 12 Volts (Largest and Fastest-Growing Category)
• 14 Volts
• 24 Volts
• More than 48 Volts

Vehicle Type Analysis

• Passenger vehicles held the larger market share, of 70%, in 2024. This is due to the growing purchasing power worldwide and the increasing demand for personal transportation.
• Passenger vehicles are expected to be the faster-growing category too, with a CAGR of 12.4%, during 2024–2030. This is due to the increasing consumer demand for advanced safety features in passenger vehicles.

Below are the types of vehicles that were studied in this report

• Passenger Vehicle (Largest and Fastest-Growing Category)
• Commercial Vehicle

Propulsion Insights

• The battery electric vehicle category held the largest market share, of 45%, in 2024. This is due to the falling battery price and government support to reduce the emission of harmful gases.
• BEVs require a battery management system to monitor the performance, efficiency, and safety of the batteries. Intelligent battery sensors play an important role in the monitoring of the batteries for health, charging, and discharging.
• Plug-in hybrid electric vehicles are expected to be the fastest-growing category, with a CAGR of 12.8%, during 2024–2030. This is because PHEVs offer a middle ground between traditional vehicles and fully electric vehicles.
• They provide the facility to use either electric or gasoline/diesel propulsion, thereby offering the benefits of both and significantly increasing the driving range. 

Below are the propulsions that were studied in this report

• Battery Electric Vehicle (Largest Category)
• Hybrid Electric Vehicle
• Plug-In Hybrid Electric Vehicle (Fastest-Growing Category)

Product Insights

• The passive category held the larger market share, of 75%, in 2024. This is due to the less complexity in measuring battery voltage and current with passive systems. Additionally, it does not require any external power source to provide output.
• Active is the faster-growing category, with a CAGR of 12.5%, during 2024–2030. This is because the active sensor is able to measure parameters at any time as it does not depend on the season or time of the day.
• Active sensors have high resolution and accuracy. 

Below are the products that were studied in this report

• Passive (Larger Category)
• Active (Faster-Growing Category)

Regional Overview

• Geographically, APAC held the largest share in the automotive intelligent battery sensor market in 2024. This is due to the growing environmental concerns and government support for EVs.
• China, Japan, South Korea, and India are global manufacturing hubs for the automotive industry.
• In APAC, China held the largest market share, of 50%, in 2024. This is due to the high consumer demand for electric vehicles and its position as a key EV battery manufacturer.
• North America is the fastest-growing market, with a CAGR of 12.9% during 2024–2030. This is because it is an established market with constant development and a significant presence of major companies in the sector.

The regions and countries analyzed in this report include:

• North America (Fastest-Growing Regional Market)
  • U.S. (Larger and Faster-Growing Country Market)
  • Canada
• Europe
  • Germany (Fastest-Growing Country Market)
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific (APAC) (Largest Regional Market)
  • China (Largest Country Market)
  • Japan
  • India (Fastest-Growing Country Market)
  • South Korea
  • Australia
  • Rest of APAC
• Latin America (LATAM)
  • Brazil (Largest and Fastest-Growing Country Market)
  • Mexico
  • Rest of LATAM
• Middle East and Africa (MEA)
  • Saudi Arabia
  • South Africa (Fastest-Growing Country Market)
  • U.A.E. (Largest Country Market)
  • Rest of MEA

Automotive Intelligent Battery Sensor Market Share

Companies such as Texas Instruments Incorporated and HELLA GmbH & Co. KGaA dominate the automotive intelligent battery sensor market by providing a range of solutions. These companies continuously work and invest in research and development to provide better sensors for EV batteries.

Intelligence Battery Sensor Market News

• In September 2023, Honeywell increased the safety measures for lithium-ion batteries and EV workers by introducing Honeywell’s battery safety sensors. This detects overheating risks, warns passengers, and helps EV makers meet global safety rules.
• In August 2021, Faurecia completed the acquisition of Hella GmbH & Co. KGaA. The main purpose of this acquisition was to expand the former’s offerings of automotive battery sensors and other automotive components.