Global Battery Sensor Market By Communication Infrastructure (12V, 24V, 48V), By Voltage type (Local Interconnect Networks, Controller Area Networks, Motor Controller Units), By Technology (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Electric Vehicles), By Vehicle Type (Military, Homeland Security), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021–2031

A battery sensor is used to measure current, voltage, and temperature along with other relevant information of electronic components in a vehicle. This sensor is used primarily to monitor 3 parameters known as the state-of-charge, state-of-function (power ability), and the state-of-health (aging) of a battery.

Moreover, it is also used to monitor the condition of electronic components, and detect defects that do not involve battery faults. The automotive battery sensor aids in improving a battery’s life by 10 to 20%, by utilizing an improved charging strategy. This sensor aids in improving the overall performance of electric vehicles as well as improves battery life.

A surge in the use of these sensors can be attributed to various respective initiatives of both developed and developing nation governments to promote electric and hybrid vehicles. A major challenge for industry players is to reduce the high costs of these sensors as this increases the overall cost of an already expensive electric car.

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Detailed Segmentation:

The global battery sensor market is segmented on the basis of range, battery type, end-use, and region. The detailed segmental description is listed below:

Based on Voltage type

• 12V
• 24V
• 48V

Based on Technology

• Local Interconnect Networks
• Controller Area Networks
• Motor Controller Units

Based on Vehicle Type

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Electric Vehicles

Based on Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East and Africa

Market Dynamics

Improved battery performance and efficiency, coupled with the increasing demand of batteries primarily due to a surge in the sale of electric vehicles are some major factors fueling the financial trajectory of this target market.

The increasing adoption of hybrid vehicles along with the advent of 48V battery systems, as well as the rapid adoption of new technologies, are also other factors that will continue to create lucrative revenue growth opportunities for the battery sensor market.

High costs associated with automotive intelligent battery sensors and the intricacies involved with various system malfunctions in electric vehicles are major factors that could potentially hamper the anticipated profit margins of this global market in the foreseeable future.

Competitive Landscape:

A few notable key players in this global market are -

• Continental AG
• Robert Bosch GmbH
• Furukawa Electric Co. Ltd.
• NXP Semiconductors N.V.
• Texas Instruments Incorporated
• Denso Corporation
• ams AG
• TE Connectivity
• HELLA GmbH & Co. KGaA
• Vishay Intertechnology
• inomatic GmbH
• Renesas Electronics Corporation

For the Battery Sensor Market research study, the following years have been considered to estimate the market size: