Automotive Battery Sensors A Steady Market Climber
By Mat Dirjish
Research firm Visiongain sees the global market for automotive battery sensor growing from $2.4 billion to $6.6 billion at a CAGR of 9.5% from 2020 to 2030. The researchers attribute this growth pattern to the rising demand for fuel-efficient vehicles and technological advancements. Battery sensors provide information on the status of batteries while taking battery aging effects into account. This allows for the implementation of an optimal electrical-power management (EEM) system in the vehicle that supports fuel- and CO2-saving technologies such as start/stop, coasting, or recuperation
Visiongain’s report, “Automotive Battery Sensor Market Report 2020-2030”, finds:
- Growing stringency of global emission standards, increasing adoption of electronic parts, expanding car manufacturing, and increased demand for luxury cars are factors driving the market.
- Asia Pacific is set to be the fastest growing market.
- Major players in the battery sensor include AMS AG, Continental AG, FURUKAWA ELECTRIC, Hella, Denso Corporation, INOMATIC, NXP, TE Connectivity, Robert Bosch GmbH, and Texas Instruments.
Need to charge your batteries with more data and details? Then check out the “Automotive Battery Sensor” report.
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