Automotive Intelligence Battery Sensor Market Trends [2030]

Report Description

The global automotive intelligence battery sensor market size was valued at around USD 5 billion in 2021 and is expected to reach USD 9.55 billion by 2030, expanding at a CAGR of around 11% during the forecast period, 2022 to 2030. The growth of the market is attributed to the growing concerns regarding carbon emissions and the rising demand for fuel-efficient vehicles.

The demand for automobiles with technologically advanced features has increased in recent years. A growing number of consumers prefer to adopt innovative and advanced technologies in their vehicles to make driving and maintaining vehicles easy. In heavy and light commercial vehicles, especially used in long hauls, innovative features such as automotive intelligence battery sensors are necessary to ensure driver safety.

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An electronic battery sensor is a vital part of automobile energy management. These sensors are used to gather information and notify drivers regarding the exact status of an automobile battery and when to charge it. These sensors measure the battery temperature and control charging current and voltage accordingly.

The measured values of current, voltage, and temperature are used to calculate the age of the battery, the state of its functions, the state of charge, and its overall condition. The collected data and the measured values are sent to automobile computers to aid drivers to take necessary steps in maintaining overall vehicle condition.

Automotive intelligence battery sensors are mounted directly onto any standard batteries and fit into the niche around the negative terminal. These intelligence sensors aid in improving the diagnostic abilities of batteries. Automotive intelligence battery sensors facilitate the formulation of charging strategies that aid in extending battery life by around 10 to 20 percent.

The COVID-19 pandemic situation affected the global automotive intelligence battery sensor market negatively. The lockdown, social distancing policies, travel restrictions, and other pandemic-related regulations decreased the demand for passenger and commercial automobiles. Several automobile manufacturers focused on cutting down manufacturing expenses by reducing or halting automobile production.

The reduction in automobile production disrupted the supply chain worldwide. This resulted in a decrease in demand for automotive intelligence battery sensors across the globe. In recent times, there is slack in pandemic-related restrictions and regulations, which boosts the demand for automobiles with innovative safety features.

There is a rise in demand for electric vehicles across the globe post the pandemic situation. These factors are expected to drive the global automotive intelligence battery sensor market in the coming years.

Automotive Intelligence Battery Sensor Market Dynamics

The research report presents a complete overview by providing detailed information about the current market trends, existing drivers, growth opportunities and potentials, and emerging challenges. The global automotive intelligence battery sensor market report has up-to-date insights about market dynamics and market scenarios that can shape the overall market performance and output during the forecast period, 2022 to 2030.

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Major Trends

Growing awareness regarding carbon emissions and their negative effects on the environment are the two major factors propelling the shift in consumer inclination toward electric vehicles than the traditional ones with fuel. An increasing number of consumers are buying environmentally friendly electric vehicles, which is one of the key market trends driving the global automotive intelligence battery sensor market.

Key Drivers

Growing population, rising disposable income, and continuously changing lifestyles have increased the demand for various types of automobiles such as luxury cars and other passenger vehicles. Increasing automobile manufacturing activities increases the demand for automotive intelligence battery sensors boosting the global market.

Governments across the globe are encouraging the adoption of several technologically advanced public safety solutions across several industries including the automotive industry. Growing government support in adopting electrical and electronic components such as electrical vehicles and intelligence battery sensors in automobiles propel the global automotive intelligence battery sensor market growth. 

Existing Challenges

The heavy costs associated with adopting and maintaining intelligence battery sensors in automobiles are expected to restrain the global automotive intelligence battery sensor market growth. Malfunctioning and repairing the sensors is expensive, which hampers the market growth as well.

Emerging Opportunities

The continuous technological advancements in the automotive industry aid various automobile manufacturers to adopt various innovative technologies and devices in vehicle manufacturing. These innovative technologies facilitate manufacturers to enhance automobile performance, passenger safety, and others. The wide adoption of advanced technologies in the automotive industry is estimated to offer growth opportunities to market players.

Scope of Automotive Intelligence Battery Sensor Market Report

The report on the global automotive intelligence battery sensor market includes an assessment of the market trends, market segments, market share analysis, market trend and forecast analysis, and regional markets. Market overview and dynamics have also been included in the report.

Automotive Intelligence Battery Sensor Market Segment Insights

On the basis of technology, the global automotive intelligence battery sensor market is divided into local interconnect network, controller area network, and motor controller units. The local interconnect network segment is expected to drive the global automotive intelligence battery sensor market during the forecast period, as it is less expensive than the rest of the technologies.

Automotive battery fitted with the local interconnect network system offers several benefits to consumers such as rapid data transmitting, error detection, flexibility in configuration, data checksum, temperature control, self-synchronization, and others. These benefits fuel the local interconnect network segment growth.

The controller area network segment is anticipated to register major growth in the coming years, as it is a standard specification that defines the communication protocol adopted in low-speed vehicle network applications. This system specifies the method of communication between electronic controllers in vehicles and their shared environments with the controller area networking technology. 

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In terms of voltage, the global automotive intelligence battery sensor market is segmented into 12 volt, 14 volt, 24 volt, and 48 volt. The 12 volt segment is estimated to hold a key market share during the forecast period, owing to its low-cost benefits. The 12 volt batteries are used in start/stop systems, regenerative brake technology, and others systems as well.

Rising concern regarding carbon emissions, stringent government policies for curbing the risk of emissions, and ease in recycling of 12 volt batteries are two major reasons impacting the global automotive intelligence battery sensor market positively.

Based on vehicle types, the global automotive intelligence battery sensor market is segregated into passenger vehicle, commercial vehicle, hybrid electric vehicle, plug-in hybrid electric vehicle, and others. The passenger vehicle segment is projected to expand during the forecast period, owing to increasing demand and production of passenger vehicles across the globe.

Automotive intelligence battery sensors are used in passenger vehicles to monitor battery usage, track temperatures, track current & voltage in batteries, and notice vehicle and battery performances. These sensors provide drivers with real-time and accurate diagnostic reports regarding vehicle maintenance requirements. These are the major factors driving the passenger vehicle segment growth.

The commercial vehicle segment is anticipated to expand in the coming years, due to the increasing adoption of automotive intelligence battery sensors in heavy and light commercial vehicles to monitor battery life. These sensors aid heavy and light commercial vehicles, especially electric commercial vehicles in gathering real-time information regarding energy levels, which facilitates drivers search for charging stations in time.

In terms of regions, the global automotive intelligence battery sensor market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The Asia Pacific market is expected to register a high CAGR during the forecast period, due to the rapid growth of the automotive industry in countries such as India, China, and Japan in the region.

Increasing demand for fuel-efficient passenger and commercial vehicles across these countries boosts the demand for intelligence battery sensors in various vehicles across the region. The supportive government initiatives and policies in countries such as South Korea, Japan, India, and China spur fuel-efficient and cost-efficient vehicle production, which has a positive effect on the demand for battery sensors with advanced technology. Growing passenger car manufacturing in China and India is estimated to fuel the Asia Pacific market growth.

The automotive intelligence battery sensor market in Europe is anticipated to expand at a rapid pace during the forecast period, owing to the growing demand for hybrid commercial vehicles as well as hybrid passenger vehicles in the region. A growing number of government incentives and increasing investments by original equipment manufacturers (OEMs) drive the automotive industry, which in turn, boosts the demand for automotive intelligence battery sensors in Europe.

The market in North America is projected to register significant growth in the coming years, due to the growing demand for luxury vehicles in the region. The increasing disposable income, continuously changing lifestyles, and growing demand for trendy and luxury vehicles spur the demand for automotive intelligence battery sensors in the region.

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