Scope of the Study
Automotive Intelligence Battery sensor is the battery with the sensor, nowadays battery is a major power source in electric vehicle and rising use of sensors and cameras for increasing the comfort of the user have been adding more value to the battery. An automotive intelligence battery sensors are used for battery management, power management, increasing battery safety, finding faults in the battery and others. The emergence of an electric vehicle is the key driver for the market as the electric vehicle runs using an electric motor powered by the battery. Also, increasing demand for fast charging and trend for connected vehicles have been supplementing overall growth of the market as the intelligence sensors enable fast charging. Additionally, high adoption of ADAS across globe and government regulations for increasing road safety have been growing the market.
The market study is being classified by Type (LIN, CAN and MCU), by Application (Passenger Vehicle and Commercial Vehicle) and major geographies with country level break-up. According to AMA, the Global Automotive Intelligence Battery Sensor market is expected to see growth rate of 11.6% and may see market size of USD5.3 Billion by 2024.
HELLA (Germany), Continental (Germany), Bosch (Germany), Furukawa Electric (Japan), NXP (Netherlands), Vishay (United States), Texas Instrument (United States), Denso (Japan), ams AG (Austria) and Inomatic (Germany) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are TE Connectivity (Switzerland), MTA (Italy), Abertax Technologies Ltd (Malta), Autotec Components (United Kingdom) and LEM (Switzerland).
Global automotive intelligence battery sensor market possesses intense competitive rivalry. In addition to this, the switching and installation cost is maximum. The establishing key players have been investing more in research and development for innovation to create a new application for the market.The Players having a strong hold in the market are HELLA (Germany) Continental (Germany) Bosch (Germany) Furukawa Electric (Japan) NXP (Netherlands). Research Analyst at AMA predicts that Global Players will contribute to the maximum growth of Global Automotive Intelligence Battery Sensor market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Automotive Intelligence Battery Sensor market by Type, Application and Region. On the basis of Type, CAN are dominating the market and held 46.02% of market share in the year 2018 where as MCU stood as second largest market share and accounted for 30.19%.
On the basis of application, Passenger Vehicle segment is dominating the market and held 79.42% of market share in the year 2018 where as Commercial Vehicle segment stood as second largest market.
On the basis of geography, the market of Automotive Intelligence Battery Sensor has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia-Pacific region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Voltage Type, the sub-segment i.e. 12 Volt will boost the Automotive Intelligence Battery Sensor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Hybrid Vehicle Type, the sub-segment i.e. HEV will boost the Automotive Intelligence Battery Sensor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Electric Vehicle, the sub-segment i.e. Battery Vehicle will boost the Automotive Intelligence Battery Sensor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Demand for Hybrid Vehicle and Electric Vehicle across the Globe
- The Emergence of an Electric Vehicle
- Increasing Demand for Fast Charging and Trend for Connected Vehicles
- High Adoption of ADAS across Globe
- The Emergence of Autonomous and Connected Vehicles
- The High Cost of the Electric Vehicle
- Concern Related To the Malfunctioning Of the System
- High Cost of Battery Sensors
- High Involvement in the R&D of Battery Sensors in both Developed and Developing Countries
- Growing Government Regulations for Increasing Road Safety
- The Emergence of Self-Driving Vehicles across Globe
- Issue Related to Increasing Errors Due To Wrong Reading of Sensors as they are Improper Mounted
- Increases Damage Risk for Most of the Electric Component Integrated With the Vehicle
In April 2019, ZF Friedrichshafen (German auto parts supplier) has announced the new launch of an advanced driver assistance system named as a coPILOT system. and In September 2018, Nitin Gadkari (Minister of Road Transport and Highways of India) has stated, the Indian government is planning to make an advanced driver assistance system (ADAS) mandatory feature for upcoming vehicles.
Directive 2006/66/EC of the European Parliament and of the Council prohibits the placing on the market of portable batteries and accumulators, including those incorporated into appliances that contain more than 0,002 % of cadmium by weight. However, portable batteries and accumulators intended for use in cordless power tools are exempted from that ban.
Key Target Audience
Automotive OEMs, Companies operating in the automotive battery sensor ecosystem, Country-level governments and other policymakers, Country-level industry associations and experts, Distributors and suppliers of automotive battery sensor components, Hybrid vehicle manufacturers, Manufacturers of automotive battery sensor components, Manufacturers of automotive battery sensor, Raw material manufacturers and Raw material suppliers
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