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.

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.

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.