Global Battery Sensor Market Size By Voltage Type (12V, 24V), By Communication (LIN, CAN), By Vehicle Type (Passenger cars, Light Commercial Vehicles), By Hybrid Type (HEV and PHEV), By Geographic Scope And Forecast

Battery Sensor Market Size And Forecast

Battery Sensor Market size was valued at USD 3.51 Billion in 2022 and is projected to reach USD 7.93 Billion by 2030, growing at a CAGR of 10.71% from 2024 to 2030.

The Global Battery Sensor Market has witnessed strong growth owing to the increasing demand for battery sensors across increasing demand for electric vehicles, growing adoption of renewable energy storage systems, emphasis on battery safety and efficiency, and advancement in battery technology are the major drivers for the Global Battery Sensor Market. The adoption of connected/autonomous vehicles is projected to drive the growth of the Global VCSEL Market. The Battery Sensor Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Battery Sensor Market Definition

Battery sensors are essential for maximizing battery use, increasing battery life, and improving battery performance. They offer helpful information that battery management systems (BMS) can use to make wise choices about charging, discharging, and maintenance procedures. Electric vehicles (EVs), renewable energy storage systems, consumer electronics, industrial automation, medical devices, and many other applications use battery sensors. Battery sensors often use various methods, including resistive, capacitive, or optical sensing, to detect these parameters precisely. They convey the measured data to the control systems or user interfaces for analysis, diagnosis, and decision-making and are integrated into the battery pack or BMS.

Electric car battery performance, safety, and longevity are closely monitored and managed via battery sensors. They give real-time data on battery characteristics like voltage, current, temperature, and state of charge (SoC) to facilitate effective battery management and maximize driving range. Battery sensors are used when battery-powered wireless devices and sensors are used in industrial automation applications. To guarantee the continuous operation of wireless devices, they monitor the capacity, voltage levels, and condition of the batteries. They also supply real-time data for proactive maintenance. Industrial automation systems benefit from the effectiveness and dependability of battery sensors.

Global Battery Sensor Market Overview

The global trend toward electric transportation is significantly stimulating the market for battery sensors. Battery sensors are in high demand due to the rising popularity of electric vehicles in both the passenger and commercial sectors. Battery sensors are essential for maintaining optimal battery performance, security, and endurance by monitoring the temperature, SoC, and battery health. The Global Battery Sensor Market is being driven by ongoing developments in sensor technology, including advances in accuracy, miniaturization, efficiency, and cost-effectiveness. The creation of exact and dependable battery sensors is made possible by advancing sensor technologies, which supports their excellent application across industries.

For sophisticated features and cutting-edge sensor technology, battery sensors can be expensive. The high price of battery sensors can make their general use easier, especially in applications and sectors where cost is essential. Making battery sensors more accessible and affordable will require cost-cutting measures and economies of scale. Battery sensors have a finite lifespan, much like any other electrical component. The sensors’ longevity may be impacted by their ongoing exposure to battery operating conditions, including temperature extremes and voltage swings. The sensors may need to be replaced when they end their useful lives, adding to the cost and maintenance requirements.

Opportunities exist for battery sensors in medical equipment and healthcare applications in the healthcare sector. Battery sensors are essential for maintaining and monitoring the operation of batteries in portable medical equipment, implanted technology, and diagnostic tools. Industrial automation uses battery-powered sensors and equipment, so battery performance must be precisely monitored and managed. Industrial automation systems can function more reliably and efficiently if battery sensors that enable predictive maintenance and offer real-time data on battery conditions are used.

Global Battery Sensor Market Segmentation Analysis

The Global Battery Sensor Market is segmented on the basis of Voltage Type, Communication, Vehicle Type, Hybrid Type, and Geography.

Battery Sensor Market, By Voltage Type

• 12V
• 24V
• 48V

Based on Voltage Type, the market is bifurcated into 12V, 24V, and 48V. The 12V segment is holding the largest share of the market in 2023.  12V Battery sensors created for 12-volt electrical systems are discussed in this section. Common uses for 12V battery sensors include the automotive, marine, and small-scale power systems industries. To ensure the best performance and avoid problems like overcharging or undercharging, these sensors monitor the voltage, current, and other factors of 12V batteries. 24V Battery sensors created for 24-volt electrical systems are included in this area. Larger cars, heavy machinery, and industrial settings frequently use 24V battery sensors. They monitor the 24V batteries’ health and performance, providing vital data for battery management and assuring dependable operation.

Battery Sensor Market, By Communication

• LIN
• CAN

Based on Communication, the market is bifurcated into LIN and CAN. The CAN segment is holding the largest share of the market in 2022. The Controller Area Network (CAN) communication protocol is well-known and widely utilized in the automotive sector. CAN is a durable and dependable communication standard widely used in vehicles for various systems, including battery management. Local Interconnect Network (LIN) is another automotive communication protocol, but it is often used for lower bandwidth and less critical applications than CAN. LIN is frequently used in vehicles for easy and cost-effective Communication between electrical components, including some battery sensor applications.

Battery Sensor Market, By Vehicle Type

• Passenger car
• Light Commercial Vehicle
• Heavy Commercial Vehicle

Based on Vehicle Type, the market is bifurcated into Passenger cars, Light Commercial Vehicles, and Heavy Commercial vehicles. The Passenger car segment held the largest market share in 2022—battery sensors for passenger cars, which are frequently created for private transportation. Battery sensors in passenger cars keep an eye on the battery’s performance, health, and charging status to ensure it is operating at its best and to give the electrical system of the car vital information.

Battery sensors for light commercial vehicles, including vans, pickup trucks, and small delivery vehicles, are commonly utilized. The health and performance of the battery system are closely monitored and managed by battery sensors in light commercial vehicles, supporting dependable operation and extending battery life. Battery sensors for heavy commercial vehicles, such as trucks, buses, and heavy-duty vehicles utilized for logistics or transportation, are employed in these vehicles.

Battery Sensor Market, By Hybrid Type

• HEV
• PHEV

Based on Hybrid Type, the market is segmented into HEV and PHEV. The HEV segment is holding the largest share of the market in 2022. Sensors made specifically for HEV batteries are used in hybrid electric vehicles. HEVs combine a battery pack, an electric motor, and an internal combustion engine (ICE). HEV battery sensors keep track of the battery pack’s temperature, charge level, and other characteristics.

They are essential in controlling the energy flow from the battery to the electric motor and maximizing fuel economy. Electric vehicles with plug-in hybrid propulsion employ PHEV battery sensors. A larger battery pack that can be recharged by plugging into an external power source is present in PHEVs, which also have an internal combustion engine and an electric motor. PHEV battery packs are managed and monitored by battery sensors, which also offer data for charging and discharging.

Battery Sensor Market, By Geography

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

On the basis of Geography, The Global Battery Sensor Market is bifurcated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa based on regional analysis. Due to the presence of established businesses and the adoption of cutting-edge technology, North America is an important market for battery sensors.

The expanding adoption of electric vehicles, renewable energy storage systems, and Internet of Things (IoT) applications are driving growth in demand for battery sensors in the region. The United States and Canada primarily drive North America’s Global Battery Sensor Market. Another significant market for battery sensors is Europe, influenced by the region’s emphasis on sustainability, renewable energy, and electric transportation.

Key Players

The “Global Battery Sensor Market” study report will provide valuable insights with an emphasis on the global market scenario. The major companies operating in the market are Continental AG, Bosch GmbH, Texas Instruments Incorporated, Denso Corporation, TE Connectivity Ltd., NXP Semiconductors N.V., Infineon Technologies AG, STMicroelectronics N.V., AMS AG, AVL List GmbH. This section provides a company overview, ranking analysis, company regional and industry footprint, and ACE Matrix.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.

Key Developments

• In May 2022, Continental Introduced New Sensors to Protect Electrified Vehicle Batteries. The high-voltage Current Sensor Module (CSM) delivers current and temperature data to maintain the battery safe and long-lasting.

Report Scope

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.
• Provision of market value (USD Billion) data for each segment and sub-segment.Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market.
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region.
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled.
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• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions.
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis.
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