Home > Automotive > Automotive Parts > Interior Parts > Automotive Battery Management System Market

Automotive Battery Management System Market Size

Report ID: GMI12607
Published Date: Dec 2024
Report Format: PDF

Download Free Sample

Automotive Battery Management System Market Size

The global automotive battery management system market size was valued at USD 4.1 billion in 2024 and is projected to grow at a CAGR of 17.4% between 2025 and 2034. The rising demand for electric vehicles is a key factor accelerating the development of battery management systems. Additionally, stricter environmental regulations, government incentives, and technological advancements in battery chemistry and energy efficiency are driving growth. The increasing focus on sustainable transportation solutions, alongside innovations in AI, IoT, and predictive analytics, further supports the expanding adoption of advanced BMS technology.

To get key market trends

Download Free Sample

For instance, in November 2024, MathWorks and NXP unveiled a new Model-Based Design Toolbox (MDBT) designed to streamline the development of Battery Management Systems (BMS). This toolbox enables the simulation of algorithms across different hardware platforms, improving the design and testing processes for BMS applications.

Automotive Battery Management System Market Report Attributes
Report Attribute	Details
Base Year:	2024
Automotive Battery Management System Market Size in 2024:	USD 4.1 Billion
Forecast Period:	2025 – 2034
Forecast Period 2025 – 2034 CAGR:	17.4%
2025 – 2034 Value Projection:	USD 20.1 Billion
Historical Data for:	2021 – 2024
No. of Pages:	180
Tables, Charts & Figures:	200
Segments covered:	Component, Battery, Topology, Vehicle
Growth Drivers:	Increasing electric vehicle (EV) adoption driving demand Rising focus on energy efficiency and sustainability Government regulations promoting clean energy technologies Advancements in battery technologies and energy storage
Pitfalls & Challenges:	High development costs for advanced BMS technologies Complex integration with existing vehicle architectures

Learn more about the key segments shaping this market

Download Free Sample

The growing emphasis on battery safety and performance is driving the demand for advanced battery monitoring protection ICs in Battery Management Systems. These integrated circuits ensure accurate monitoring of battery health, temperature, and charge levels, preventing issues like overcharging and overheating. As electric vehicles and energy storage systems become more prevalent, the need for reliable, high-performance protection solutions continues to increase.

For instance, in November 2024, ABLIC introduced the S-19193 Series of automotive battery monitoring protection ICs, aimed at improving the safety and efficiency of Battery Management Systems (BMS) in vehicles. This new series is focused on key functions essential for maintaining the health of lithium-ion batteries, particularly in electric and hybrid vehicles.

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The market size of automotive battery management system reached USD 4.1 billion in 2024 and is set to grow at a 17.4% CAGR from 2025 to 2034, driven by the rising demand for electric vehicles.

The hardware segment accounted for 78% of the market share in 2024 and is expected to exceed USD 15 billion by 2034, led by advancements in microcontrollers, power management ICs, and sensors.

The North America market accounted for 37% of the revenue share in 2024 and is expected to exceed USD 7 billion by 2034, propelled by stricter environmental regulations and government incentives.

The key players in the industry include Analog Devices, Bosch, Continental, Infineon, Johnson Matthey, LG Chem, Midtronics, NXP, Renesas Electronics, and Toshiba.