Press release
Automotive Intelligence Battery Sensor Global Market Insights: Growth Drivers, Size & Forecasts to 2029
Automotive Intelligence Battery Sensor
What Is the Forecasted Market Growth Rate of the Automotive Intelligence Battery Sensor Industry?
There has been a swift increase in the size of the automotive intelligence battery sensor market in the past few years. The market, which was valued at $6.74 billion in 2024, is anticipated to reach $7.43 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 10.2%. The notable growth during the historic period can be ascribed to factors such as heightened vehicle electrification, increased sophistication in automotive electronics, strict emission norms, automotive safety regulations, and a high demand for fuel efficiency.
How Will the Automotive Intelligence Battery Sensor Market Size Evolve From 2025 to 2029?
The size of the automotive intelligence battery sensor market is anticipated to significantly expand in the coming years. The market is predicted to reach $11.4 billion by 2029, growing at a compound annual growth rate (CAGR) of 11.3%. This expected growth during the projected period can be linked to advancements in diagnostic capabilities, the creation of energy-efficient batteries, endeavours towards sustainability, emphasis on vehicle safety and dependability, and growing knowledge of battery health. Key trends expected during this period include escalated adoption of advanced driver assistance systems (ADAS), progression in sensor technologies, growth in connectivity and the integration of IoT, the creation of smart charging systems, collaborations and partnerships as well as an increase in the complexity of electrical architectures.
Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/automotive-intelligence-battery-sensor-global-market-report
What Are the Main Growth Drivers in the Automotive Intelligence Battery Sensor Market Today?
The anticipated expansion of the automotive sector is set to drive the automotive intelligence battery sensor. Around the globe, economies have been progressively growing, leading to an elevation in living standards and subsequently, a rise in purchasing power. The onset of the COVID-19 pandemic caused people to opt for safer modes of transport that encourage social distancing, thus propelling the automotive industry's growth. The hike in petrol prices has also led to the broader acceptance of EV vehicles aimed at cutting expenses and boosting performance. These elements led to a surge in demand for automotive intelligence battery sensors, which offer vehicular energy management by persistently tracking vital parameters associated with battery health. For instance, in January 2024, the Society of Indian Automobile Manufacturers (SIAM), a leading India-based representative body for major vehicle and vehicular engine manufacturers, reported that India's passenger vehicle market reached a significant milestone in 2023. Its worth is estimated at Rs 4.5 trillion (about $54 billion) and for the first time, the annual volumes exceeded four million units. The sales of approximately 4.1 million cars, sedans, and utility vehicles indicated an 8.2% growth when compared to the 3.79 million units sold in 2022. This sales increase underscores the market's robust momentum, surpassing volume expansion. Consequently, this surge in the automotive industry's demand propels the growth of the automotive intelligence battery sensor market.
Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8107&type=smp
Which Automotive Intelligence Battery Sensor Market Segment Is Expected to Lead Through 2029?
The automotive intelligence battery sensor market covered in this report is segmented -
1) By Technology: MCU, CAN, LIN
2) By Voltages: 12, 14, 24, 48
3) By Application: LDWS (Lane Departure Warning System), BSD (Blind Spot Detection System), FCW (Forward Collision Warning System), Pedestrian Protection, Night Vision, Head-up Displays, Other Applications
4) By Vehicle Type: Passenger Car, Commercial Vehicles
Subsegments:
1) By MCU (Microcontroller Unit): Integrated Battery Management Systems, Standalone Battery Sensors
2) By CAN (Controller Area Network): High-Speed CAN Sensors, Low-Speed CAN Sensors
3) By LIN (Local Interconnect Network): LIN Bus Battery Sensors, Multi-Channel LIN Sensors
Which Market Trends Are Expected to Dominate Automotive Intelligence Battery Sensor Industry Growth?
Advancements in technology are becoming a prominent trend in the automotive intelligence battery sensor industry. Leading manufacturers in this sector are devoting their efforts to provide superior battery solutions to consolidate their standing in the market. Case in point, Continental AG, which is a Germany-based automotive parts producer, rolled out new sensors engineered specifically to shield electrified vehicle batteries in May 2022. Their premium high-voltage Current Sensor Modules (CSM) and Battery Impact Detection (BID) offer vital current and temperature details to maintain the battery's safety and longevity, can reduce its weight by up to 50%, and additionally offer underfloor safety.
Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=8107&type=smp
Which Companies Hold the Largest Market Share in the Automotive Intelligence Battery Sensor Sector?
Major companies operating in the automotive intelligence battery sensor market are Robert Bosch GmbH, NXP Semiconductors N.V., Continental AG, Furukawa Electric Company Limited, Vishay Intertechnology Inc., Texas Instruments Incorporated, Inomatic GmbH, MTA Automotive Solutions Pvt. Ltd., Denso Corporation, Abertax Technologies Limited, Autotech Components Pvt. Ltd., Bamomas, Analog Devices Inc., Infineon Technologies AG, Sensata Technologies Inc., STMicroelectronics N.V., TE Connectivity Ltd., Hella GmbH & Co. KGaA, Hitachi Automotive Systems Ltd., Renesas Electronics Corporation, Mitsubishi Electric Corporation, Panasonic Corporation, LG Chem Ltd., BYD Company Ltd., Contemporary Amper*ex Technology Co. Limited, ams-OSRAM AG, Anfield Sensors Inc., First Sensor AG
Where Is the Automotive Intelligence Battery Sensor Market Experiencing the Highest Growth?
Asia-Pacific was the largest region in the automotive intelligence battery sensor market in 2024. The regions covered in the automotive intelligence battery sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Intelligence Battery Sensor Global Market Insights: Growth Drivers, Size & Forecasts to 2029 here
News-ID: 4172878 • Views: …
More Releases from The Business Research Company
Top Players and Competitive Dynamics in the Kitchen Faucets Market
The kitchen faucets market is positioned for significant expansion over the coming years, driven by evolving consumer preferences and advances in technology. As smart home adoption rises and manufacturers increase their investments, this sector is set for notable growth and innovation. Let's explore the market size projections, key players, emerging trends, and segmentation details shaping the future of kitchen faucets.
Projected Expansion in the Kitchen Faucets Market Size by 2029 …
Automatic Labeling Machine Market Overview, Key Trends, and Major Player Analysi …
The automatic labeling machine market is set to experience consistent growth over the upcoming years, driven by evolving manufacturing needs and consumer trends. As industries increasingly adopt automation and smart technologies, this market is positioned for significant expansion. Let's explore the market size projections, major players, emerging trends, and key segments that define this sector.
Steady Expansion Expected in the Automatic Labeling Machine Market by 2029
The global automatic labeling…
Future Perspectives: Key Trends Shaping the Farm Machinery and Equipment Market …
The farm machinery and equipment sector is set for remarkable expansion in the coming years, driven by technological advances and evolving agricultural practices. As farming becomes more precise and sustainable, this market is positioned to grow significantly, influenced by innovative tools and smarter machinery. Let's explore the current market size, key players, influential trends, and segmentation details shaping this vital industry.
Expectations for the Farm Machinery and Equipment Market Size by…
Emerging Sub-Segments Transforming the Combine Harvester Market Landscape
The combine harvester market is positioned for consistent growth in the coming years, driven by various factors tied to modern agriculture and food production. This overview explores the market's expansion prospects, leading companies, technological innovations, and the key segments shaping its future.
Projected Growth and Market Size of the Combine Harvester Market
The combine harvester market is forecasted to grow steadily, reaching a valuation of $70.68 billion by 2029. This…
More Releases for Sensor
Ultrasonic Oxygen Sensor Market, Ultrasonic Oxygen Sensor Market Size, Ultrasoni …
Fairfield Market Research offers a complete understanding of the Global Ultrasonic Oxygen Sensor Market in its latest research report. The report includes an unbiased analysis of the market dynamics. The report covers growth prospects, market development potential, product profitability, supply and demand curves and predictions, and government policies. The report has been put together using reliable tools to assess the primary and secondary data. The data is represented in the…
Wheel Speed Sensor Market Growing Up By Sensor Type: Passive Sensor, Active Sens …
Acumen Research and Consulting has announced the addition of the "Wheel Speed Sensor Market” report to their offering.
The Wheel Speed Sensor Market Report 2018 is an in depth study analyzing the current state of the Wheel Speed Sensor Market. It provides brief overview of the market focusing on definitions, market segmentation, end-use applications and industry chain analysis. The study on Wheel Speed Sensor Market provides analysis of China market covering…
Smart Sensor Market - Transportation System Infrastructure & Aerospace Industrie …
Smart sensor market is expected to reach $15,840 million in 2023 from $4,805 million in 2016, growing at a CAGR of 18.4% from 2017 to 2023. Smart sensor have become an integral part of the aerospace and transportation industry. The robust growth in automobile sector, inclination of society towards IoT, development of smart cities, and surge in security threats are some of the major factors that drive the demand for…
Global Body Sensor Market - By Type (EEG Sensor, Visual Sensor, Respiration Sens …
Market Research Reports Search Engine (MRRSE) has recently updated its massive report catalog by adding a fresh study titled “Global Body Sensor Market - Assessment Covering Growth Factors and Upcoming Trends by 2022 End”. This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2022. The report also targets important facets such as market drivers, challenges, latest trends,…
Biochemical Sensor Market Report 2018: Segmentation by Product (Electrochemical …
Global Biochemical Sensor market research report provides company profile for GE Healthcare (U.S.), Thermo Fisher Scientific. (U.S.), Honeywell International Inc. (U.S.), Bio-Rad Laboratories Inc. (U.S.), Polestar Technologies Inc. (U.S.), Microchip Technology Inc. (U.S.) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and…
Smart Wearable Fitness Devices Sensors Market to 2025 Temperature Sensor, Pressu …
The report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Smart Wearable Fitness Devices Sensors by product, region and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
This research report is equipped with the information categorizing Smart Wearable Fitness Devices…
