Automotive Battery Sensors Market is estimated to be US$ 19.0 billion by 2032; Increasing Demand for Fuel-Efficient Vehicles to Propel Market Growth

Published Date: May 2023

Automotive battery sensors are electronic devices that are designed to measure the parameters of a vehicle's battery and its electrical system. These sensors play a crucial role in the functioning of a vehicle's electrical system by monitoring the battery's voltage, current, temperature, and other important metrics. One of the key functions of automotive battery sensors is to measure the state of charge (SoC) of the battery.

Wide applications of Automotive Battery Sensors in start stop systems, battery management systems, electric and hybrid vehicles, diagnostic systems and safety systems has become a key factor in target market growth. The growth of electric and hybrid vehicles has also contributed to the increased demand for automotive battery sensors. Rapid growth of Automotive Battery Sensors has been driven by increasing demand for fuel-efficient vehicles that has further facilitated the demand for Automotive Battery Sensors Market growth within forecast period.

The report “Automotive Battery Sensors Market, By Type (12V, 24V, and 48V), By Application (Passenger Car, LCV, and HCV), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

 Key Highlights:

  • In May 2022, Continental launched two sensors to protect EV batteries i.e. “Current Sensor Module (CSM) and Battery Impact Detection (BID)” system. The protection of the battery and maintaining battery parameters are the two main goals of the new methods. Both of these values are quite important as battery management input. This little modular sensor design measures current and senses temperature at the same time.

Analyst View:

The growing awareness of vehicle safety is expected to increase the demand for safety features that rely on automotive battery sensors, such as airbags. Future growth of Automotive Battery Sensors Market is expected to be driven by increasing demand for electric and hybrid vehicles with the push for more eco-friendly transportation options. Government regulations aimed at reducing emissions and improving fuel efficiency are expected to continue to drive the adoption of start-stop systems, which rely on automotive battery sensors. As a result, the demand for growth of automotive battery sensors that can monitor and regulate the battery's performance is also expected to increase within coming years for Automotive Battery Sensors Market.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on Automotive Battery Sensors Market, By Type (12V, 24V, and 48V), By Application (Passenger Car, LCV, and HCV), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

Key Market Insights from the report:

Automotive Battery Sensors Market accounted for US$ 6.4 billion in 2022 and is estimated to be US$ 19.0 billion by 2032 and is anticipated to register a CAGR of 11.6%. Automotive Battery Sensors Market is segmented based on Type, Application and Region.

  • Based on Type, Automotive Battery Sensors Market is segmented into 12V, 24V, and 48V.
  • Based on Application, Automotive Battery Sensors Market is segmented into Passenger Car, LCV, and HCV.
  • By Region, the Automotive Battery Sensors Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Competitive Landscape & their strategies of Automotive Battery Sensors Market:

The prominent players operating in the Automotive Battery Sensors Market includes, Robert Bosch, Denso, Continental, Hella Ltd., Vishay Electronic GmbH, NXP, Texas Instruments, Furukawa Electric, TE Connectivity, Inomatic and others.

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