Product Code: GVR-4-68040-353-5
Battery Sensor Market Size & Trends
The global battery sensor market size was estimated at USD 3.46 billion in 2023 and is expected to grow at a CAGR of 11.0% from 2024 to 2030. The market consists of battery sensors that are used for monitoring the electric vehicle battery in the automotive industry. These sensors monitor and measure battery performance in order to help protect the vehicle and its components. Focus on battery safety and efficiency, evolving battery technology, and increasing adoption of electric vehicles are some of the key factors driving the battery sensor market's growth.
Battery sensors enhance safety and efficiency by precisely measuring current, voltage, temperature, and calculate the battery's state of charge and function. They prevent issues like deep discharge, support CO2-saving technologies, and ensure a reliable power supply to critical vehicle systems. By maximizing battery life and supporting advanced vehicle features like predictive diagnostics, these sensors are crucial for vehicle electrification and automation. This functionality drives the growing adoption of battery sensors, contributing significantly to the market's growth.
In November 2023, United Safety & Survivability Corporation, an advanced safety solution provider, announced the launch of its latest innovation, a Lithium-Ion Battery Failure Detection System. This solution has the capability to detect battery failure at an early stage, which significantly increases battery safety. Such innovations are crucial for the growing adoption of electric vehicles, which rely on precise monitoring for optimal performance. With these technological advances, the demand for advanced battery sensors is rising, thus fueling the battery sensor market's growth.
The surging demand for electric vehicles (EVs) is fueling the need for advanced battery sensors, which are vital for ensuring optimal performance and longevity. These sensors offer real-time insights into vital metrics, ensuring efficient battery management and early detection of potential issues. The necessity for reliable battery management systems grows as EV adoption accelerates due to environmental and economic benefits. This heightened demand for efficient and safe battery operations is driving significant growth in the battery sensor market.
Despite the market's promising growth, one factor restraining the battery sensor market's growth is the high cost of advanced battery sensors, which can deter widespread adoption, especially in cost-sensitive markets. However, to overcome this challenge, industry players are investing in research and development to innovate and reduce production costs. Moreover, companies are also forming strategic partnerships to leverage shared resources and expertise, aiming to make advanced battery sensors more affordable. These efforts are expected to enhance market accessibility and support the continued growth of the battery sensor market.
Global Battery Sensor Market Report Segmentation
The report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global battery sensor market report based on voltage, communication, vehicle category, vehicle type, and region.
- Voltage Outlook (Revenue, USD Million, 2018 - 2030)
- 12V
- 24V
- 48V
- Communication Outlook (Revenue, USD Million, 2018 - 2030)
- Local Interconnect Network (LIN)
- Controller Area Network (CAN)
- Vehicle Category Outlook (Revenue, USD Million, 2018 - 2030)
- Passenger Car
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Vehicle Type Outlook (Revenue, USD Million, 2018 - 2030)
- BEV
- HEV
- PHEV
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
U.S.
Canada
Mexico
Germany
UK
France
China
India
Japan
South Korea
Australia
Brazil
- Middle East & Africa (MEA)
UAE
Kingdom of Saudi Arabia (KSA)
South Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Impact Analysis
- 3.3.2. Market Challenge Impact Analysis
- 3.3.3. Market Opportunity Impact Analysis
- 3.4. Battery Sensor Market Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
Chapter 4. Battery Sensor Market: Voltage Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Battery Sensor Market: Voltage Movement Analysis, 2023 & 2030 (USD Million)
- 4.3. 12V
- 4.3.1. 12V Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. 24V
- 4.4.1. 24V Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5. 48V
- 4.5.1. 48V Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Battery Sensor Market: Communication Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Battery Sensor Market: Communication Movement Analysis, 2023 & 2030 (USD Million)
- 5.3. Local Interconnect Network (LIN)
- 5.3.1. Local Interconnect Network (LIN) Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Controller Area Network (CAN)
- 5.4.1. Controller Area Network (CAN) Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Battery Sensor Market: Vehicle Category Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Battery Sensor Market: Vehicle Category Movement Analysis, 2023 & 2030 (USD Million)
- 6.3. Passenger Car
- 6.3.1. Passenger Car Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Light Commercial Vehicle
- 6.4.1. Light Commercial Vehicle Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Heavy Commercial Vehicle
- 6.5.1. Heavy Commercial Vehicle Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Battery Sensor Market: Vehicle Type Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Battery Sensor Market: Vehicle Type Movement Analysis, 2023 & 2030 (USD Million)
- 7.3. BEV
- 7.3.1. BEV Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4. HEV
- 7.4.1. HEV Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5. PEHV
- 7.5.1. PEHV Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Battery Sensor Market: Regional Estimates & Trend Analysis
- 8.1. Battery Sensor Market Share, By Region, 2023 & 2030 (USD Million)
- 8.2. North America
- 8.2.1. North America battery sensor market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.2.2. U.S.
- 8.2.2.1. U.S. battery sensor market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.2.3. Canada
- 8.2.3.1. Canada battery sensor market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.2.4. Mexico
- 8.2.4.1. Mexico battery sensor market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.3. Europe
- 8.3.1. Europe battery sensor market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.3.2. U.K.
- 8.3.2.1. U.K. battery sensor market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.3.3. Germany
- 8.3.3.1. Germany battery sensor market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.3.4. France
- 8.3.4.1. France battery sensor market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific battery sensor market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.4.2. China
- 8.4.2.1. China battery sensor market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.4.3. India
- 8.4.3.1. India battery sensor market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.4.4. Japan
- 8.4.4.1. Japan battery sensor market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.4.5. South Korea
- 8.4.5.1. South Korea battery sensor market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.4.6. Australia
- 8.4.6.1. Australia battery sensor market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.5. Latin America
- 8.5.1. Latin America battery sensor market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.5.2. Brazil
- 8.5.2.1. Brazil battery sensor market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.6. Middle East & Africa
- 8.6.1. Middle East & Africa battery sensor market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.6.2. The Kingdom of Saudi Arabia (KSA)
- 8.6.2.1. The Kingdom of Saudi Arabia (KSA) battery sensor market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.6.3. UAE
- 8.6.3.1. UAE battery sensor market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.6.4. South Arica
- 8.6.4.1. South Africa battery sensor market estimates & forecasts, 2018 - 2030 (USD Million)
Chapter 9. Competitive Landscape
- 9.1. Recent Developments & Impact Analysis by Key Market Participants
- 9.2. Company Categorization
- 9.3. Company Market Positioning
- 9.4. Company Market Share Analysis
- 9.5. Company Heat Map Analysis
- 9.6. Strategy Mapping
- 9.6.1. Expansion
- 9.6.2. Mergers & Acquisition
- 9.6.3. Partnerships & Collaborations
- 9.6.4. New Product Launches
- 9.6.5. Research And Development
- 9.7. Company Profiles
- 9.7.1. Continental AG
- 9.7.1.1. Participant's Overview
- 9.7.1.2. Financial Performance
- 9.7.1.3. Product Benchmarking
- 9.7.1.4. Recent Developments
- 9.7.2. Robert Bosch GmbH
- 9.7.2.1. Participant's Overview
- 9.7.2.2. Financial Performance
- 9.7.2.3. Product Benchmarking
- 9.7.2.4. Recent Developments
- 9.7.3. FURUKAWA ELECTRIC CO., LTD.
- 9.7.3.1. Participant's Overview
- 9.7.3.2. Financial Performance
- 9.7.3.3. Product Benchmarking
- 9.7.3.4. Recent Developments
- 9.7.4. NXP Semiconductors
- 9.7.4.1. Participant's Overview
- 9.7.4.2. Financial Performance
- 9.7.4.3. Product Benchmarking
- 9.7.4.4. Recent Developments
- 9.7.5. Vishay Intertechnology, Inc.
- 9.7.5.1. Participant's Overview
- 9.7.5.2. Financial Performance
- 9.7.5.3. Product Benchmarking
- 9.7.5.4. Recent Developments
- 9.7.6. inomatic GmbH
- 9.7.6.1. Participant's Overview
- 9.7.6.2. Financial Performance
- 9.7.6.3. Product Benchmarking
- 9.7.6.4. Recent Developments
- 9.7.7. Texas Instruments Incorporated
- 9.7.7.1. Participant's Overview
- 9.7.7.2. Financial Performance
- 9.7.7.3. Product Benchmarking
- 9.7.7.4. Recent Developments
- 9.7.8. HELLA
- 9.7.8.1. Participant's Overview
- 9.7.8.2. Financial Performance
- 9.7.8.3. Product Benchmarking
- 9.7.8.4. Recent Developments
- 9.7.9. TE Connectivity
- 9.7.9.1. Participant's Overview
- 9.7.9.2. Financial Performance
- 9.7.9.3. Product Benchmarking
- 9.7.9.4. Recent Developments
- 9.7.10. Battery Watering Technologies
- 9.7.10.1. Participant's Overview
- 9.7.10.2. Financial Performance
- 9.7.10.3. Product Benchmarking
- 9.7.10.4. Recent Developments