Automotive Battery Management System Market Size

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 increasing popularity of electric vehicles will keep changing how companies operate, achieving better BMS. The same goes for electric energy storage systems which recently had a surge in demand which was catalyzed by tough environmental policies, government support and greater battery chemistry efficiency. Further, the combination of advanced AI, IoT and Predictive Analytics increases the demand for complex BMS systems furthering the move towards sustainable transport.

As an example to this trend, in November 2024 MathWorks and NXP announced a BMS development paradigm shift with the introduction of a Model-Based Design Toolbox. The MDBT makes BMS development substantially less complicated by providing engineers with a simulation-based interface supporting a wide range of compatible hardware.

The automotive industry is increasingly focusing on battery charging systems alongside the electric vehicles and energy storage systems. As a result of this focus, there is a need for robust battery monitoring protection ICs in the automotive BMS. The battery monitoring protection ICs monitor parameters such as temperature, battery health and voltage levels. This guards the batteries against high temperatures and the possibility of overcharging.
 

These integrated circuits provide extensive features that include temperature protection as well as extensive charging features. As an example, in November 2024 ABLIC launched the S-19193 Series for voltage system monitoring which is heavily NuWest oriented towards ensuring enhanced safety and efficiency in vehicle BMS. This series specifically focuses on features that are considered critical to Li-ion battery health, lithium batteries used in hybrid and electric vehicles.