The global automotive battery management system (BMS) market size is expected to grow from USD 4.7 billion in 2023 to USD 11.7 billion in 2028, at a CAGR of 19.8% from 2023 to 2028. In recent years, there has been an increasing demand for electric vehicles in various countries. Furthermore, economies are also electrifying their public transportation to achieve net zero emissions. Hence, as the adoption of electric vehicles increases, the automotive BMS market will also increase.
As of 2022, Eberspächer (Germany), Sensata Technologies, Inc. (US), AVL (Austria), LG Energy Solution (South Korea), and Ficosa Internacional SA (Spain) are some of the notable players in this market.
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Eberspächer is among the largest battery management system developers and suppliers in the automotive industry. It operates through three business segments, namely Purem by Eberspächer, Climate Control Systems, and Automotive Controls. Battery management systems offered by the company come under the Automotive Controls segment. The company has a presence in Europe and North America. Eberspaecher Vecture Inc., a subsidiary of Eberspächer, which primarily offers battery management systems for portable power applications. Eberspaecher Vecture Inc.’s portfolio comprises battery management systems from 1S to 16S and large-format battery systems. The products offered by the company operate for monitoring, control, and safety of rechargeable batteries. Large-format battery products have applications in medical carts, lift trucks, e-bikes, e-buses, and industrial backup and motive power.
Sensata Technologies, Inc.
Sensata Technologies, Inc. is a global industrial technology company. The company offers customized, sensor-rich solutions that help increase complex engineering and operating performance requirements. It operates through two segments, namely Performance Sensing and Sensing Solutions. The company offers automotive battery management systems through the Performance Sensing segment. Battery management systems offered by the company are designed to provide long-term solutions with the highest level of safety. In addition, advanced algorithms and electronics ensure high-precision measurements. It has a wide product portfolio of battery management systems used in automotive, industrial, marine, and energy applications. The company has a global presence in North America, South America, Europe, Asia Pacific, and rest of the world.
AVL is among the leading European players in the battery management system market. The company extensively develops screening powertrain systems for automotive applications, such as commercial vehicles, passenger cars, vehicle engines, and construction equipment. Battery management systems delivered by the company are used in automotive applications such as modular battery control systems in commercial and passenger vehicles. These systems are custom-made and cost-effective. They are modular and flexible and offer maximum efficiency in various designs and integrations. In addition, the company uses a unique approach: a daisy-chain communication system. This helps to transfer the data between the module control unit (MCU), which measures cell voltage and temperature, to the battery control unit (BCU), which provides the monitoring and control of battery operations and handles the battery system voltage measurement.
LG Energy Solution
LG Energy Solution manufactures and supplies a wide range of batteries for IT devices, mobile phones, laptops, and batteries for electric and hybrid vehicles and energy storage systems (ESS). LG Energy Solution has three battery divisions: Advanced Automotive, Mobility & IT, and ESS. They have established a global network with manufacturing facilities in North America, Europe, Asia, and Australia. Under the advanced automotive batteries business portfolio, the company offers cells, modules, packs, and battery management systems for EVs, HEVs, and PHEVs. Solutions that provide optimal battery management systems and technical support for cells, packs, and modules are based on state-of-the-art technology.
Ficosa Internacional SA
Ficosa Internacional SA is a global provider of advanced technology specializing in development, manufacturing, and marketing. The company caters its products to motor and mobility sectors. The company offers battery management systems, including battery management control (BMC), cell management control (CMC), and current sensor monitoring (CSM) for e-mobility batteries. The company is focused on strengthening its research and development practices and expanding its global presence. The company aims to strengthen its presence in alignment with the strategy of being situated as closely as possible to the decision-making and production centers of vehicle manufacturers, with the goal of providing them with a more competitive and efficient service. Currently the company has production facilities, engineering hubs, and sales offices across 16 countries including US, Germany, China, Japan, India, Mexico, and others
Automotive Battery Management System Market by Battery Type (Lithium-ion, Lead-acid, Nickel-based, Solid-state), Topology (Modular, Centralized, Distributed), Application (Passenger Vehicles, Commercial Vehicles) and Region- Global Forecast to 2028
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