Global Automotive Battery Sensor Market, By Voltage (12V, 24V, 48V), Communication Technology (Local Interconnect Network, Controller Area Network), Vehicle Type (Heavy Commercial Vehicle, Light Commercial Vehicle, Passenger Car), Hybrid Vehicle Type (Hybrid Electric Vehicle, Plug-In Hybrid Electric Vehicle), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The automotive battery sensor market is expected to witness lucrative growth within the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to reach at an estimated value of 6.69 million by 2028 and grow at a CAGR of 11.17% in the above-mentioned forecast period.
The automotive battery sensor are the sensors which measure the temperature, voltage, and current of the automotive battery and also helps detect the problem of electronic components in the car by monitoring the battery. The sensors also warn of potential breakdowns that aren't always caused by the battery.
The factors such as growing demand for batteries and increasing vehicle electrification has resulted in growth in the market value. The rising demand for fuel-efficient luxury automobiles, rising environmental concerns and increased vehicle production will also foster the market growth. Moreover, improvement in the battery efficiency and performance and growing adoption of hybrid vehicles, will further carve the way for the growth of market. However, the high cost of the automotive battery sensor will hamper the market growth rate.
Also, rising adoption of new technologies and availability of 48V battery system generate new opportunities for the market. The complexity associated with the system malfunction will further restrict the scope of growth for the market.
This automotive battery sensor market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automotive battery sensor market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automotive Battery Sensor Market Scope and Market Size
The automotive battery sensor market is segmented on the basis of voltage, communication technology, vehicle type and hybrid vehicle type. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of voltage, the automotive battery sensor market has been segmented into 12V, 24V and 48V.
- On the basis of communication technology, the automotive battery sensor market is segmented into local interconnect network and controller area network.
- On the basis of vehicle type, the automotive battery sensor market is segmented into heavy commercial vehicle, light commercial vehicle and passenger car.
- On the basis of hybrid vehicle type, the automotive battery sensor market is segmented into hybrid electric vehicle and plug-in hybrid electric vehicle.
Automotive Battery Sensor Market Country Level Analysis
The global automotive battery sensor market is analyzed and market size insights and trends are provided by voltage, communication technology, vehicle type and hybrid vehicle type as referenced above.
The countries covered in the automotive battery sensor market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the automotive battery sensor market and will continue to flourish its trend of dominance during the forecast period owing to the growing demand for fuel efficient vehicles and increasing vehicle production is expected to enhance the market growth in the region. North America region is set to witness unprecedented growth during the forecast period and will project the highest compound annual growth (CAGR) rate. This is because of the rising demand for fuel-efficient luxury automobiles in this region.
The country section of the automotive battery sensor market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Battery Sensor Market Share Analysis
The automotive battery sensor market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive battery sensor market.
The major players covered in the automotive battery sensor market report are Bosch Limited., Continental AG, HELLA GmbH & Co. KGaA, Vishay Intertechnology, Inc., NXP Semiconductors., FURUKAWA ELECTRIC CO., LTD., DENSO CORPORATION, Texas Instruments Incorporated, TE Connectivity., ams AG, inomatic GmbH, Insplorion AB, Autotec Components, Renesas Electronics Corporation among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.