The automotive battery management system market is expected to grow from US$ 18.62 Mn in 2018 to US$ 83.66 Mn by the year 2027. This represents a CAGR of 18.3% from the year 2019 to 2027.
Asia Pacific accounted to be the leading region in automotive battery management system market, and is foreseen to continue contributing maximum revenues during the forecast period.
These initiatives include improvements in fuel economy standards for trucks and ‘Clean Vehicles Directive’ that is focused on the procurement of electric buses by government. Another directive called ‘Energy Performance Buildings Directive’ is also formed which sets minimum standards for setting up charging infrastructure in buildings. Japan is another example where fuel economy standards were revised for trucks and through Japan’s automotive strategy, the country is expected to reduce 80% of its automotive greenhouse gas emissions by the year 2050. Such favorable initiatives are anticipated to boost the adoption of heavy duty electric vehicles such as trucks and thus drive the adoption of battery management systems during the forecast period of 2019 to 2027.
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The List of Companies:
- Continental AG
- Dana Limited
- Gentherm Incorporated
- Hanon Systems
- Mahle GmbH
- Magnetti Marelli S.p.A
- NXP Semiconductor N.V.
- Renesas Electronics Corporation
- Robert Bosch GmbH
- Valeo SA
The latest research report on the “Automotive Battery Management System Market – Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027” provides a comprehensive assessment of the Automotive Battery Management System market for the forecast period from 2020 to 2027, including market values for the years 2018 and 2019. The investigative report provides a detailed analysis of the impact of COVID-19 on various segments in the Automotive Battery Management System market based on product type, application, and end-use across numerous countries around the world. Further, the report also provides insights into market developments, trends, supply and demand changes across various regions across the globe. Thereby, the report provides a holistic view on the Automotive Battery Management System Market in order to help decision makers with various strategic insights and future outlook. The Automotive Battery Management System market is expected to witness continued growth during the forecast period from 2020 to 2027.
GLOBAL AUTOMOTIVE BATTERY MANAGEMENT SYSTEMS MARKET – MARKET SEGMENTATION
Global Automotive Battery Management System Market – By Vehicle Type
- School Bus
- Transit Bus
- Coach/Motor Coach
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Off-highway Vehicle
- Dump Trucks
This is a professional and in-depth study on the current state of the Automotive Battery Management System Market with a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Strategic Insights and Development plans are also discussed and manufacturing processes and cost structures analyzed. Automotive Battery Management System Market import/export consumption, supply and demand figures and cost price and production value gross margins are also provided.
The report focuses on global major leading Automotive Battery Management System Market players providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out.
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- Highlights key business priorities to assist companies realign their business strategies.
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- Scrutinizes in-depth market trends as well as key market drivers and restraints.
- Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
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