Automotive Intelligence Battery Sensor market
The automotive intelligence battery sensor market is expected to witness 11% CAGR during the period, 2017 to 2023. The intelligent battery sensor determines the characteristics of the battery such as charging capacity, health and ageing, to find these characteristics precise measurement of voltage, current and temperature of the battery is needed. Intelligence battery sensor gives a controlled application of the sensor to drive the vehicle start-stop, drive-by-wire system. The massive growing sales of passenger vehicles will boost the demand for intelligence battery sensor system with increased number of application in running the vehicle. Increase in demand for autonomous vehicles and increase in technological innovations in electric components will enhance the growth of the market. Moreover, the growth of the market is challenged by the high price of the electric components.
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The prominent players in the automotive intelligence battery sensor market include Continental AG (Germany), Robert Bosch GmbH (Germany), HELLA GmbH and Co. KGaA (Germany), Inomatic GmbH (Germany) and NXP Semiconductors (Netherlands), ams AG (Austria), Furukawa electric co., ltd. (Japan), Vishay Intertechnology Inc. (U.S.), DENSO CORPORATION (Japan), MTA S.p.A. (Italy) are among others.
Market Research Analysis
In terms of region, the global market for automotive intelligence battery sensor are segmented into North America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific is expected to hold the major market revenue share over the forecast period. Increase in the sales of vehicles in the Asia-Pacific and more awareness towards the environment safety will drive them to hold the highest market share throughout the forecast period. Exponential growth of the automotive sector in India, China, and Japan are projected to influence the growth of the automotive intelligent battery sensor market during the forecast period. Asia-Pacific will hold the highest CAGR during the forecast period due to owing increase in the sales of premium vehicles, rise in GDP and increased purchasing power of users. Japan is currently dominating the automotive intelligence battery sensor market in Asia-Pacific region. The presence of major market players like Furukawa electric co., ltd. and DENSO CORPORATION in this country are driving the automotive intelligence battery sensor market in the Japan. Europe is expected to hold the substantial market share during the forecast period. Rising consumer demand and increasing number of international manufacturers in the region is expected to drive the automotive automotive intelligence battery sensor market in this region. Germany being one of the leading exporter of automotive parts combined with presence of prominant market players like Continental AG, Robert Bosch GMBH, and HELLA GmbH and Co. KGaA is expecetd to lead the automotive intelligence battery sensor growth in Europe region.
Scope of the Report
This study provides an overview of the global automotive intelligence battery sensor market, tracking three market segments across four geographic regions. The report studies key players, providing a six year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive intelligence battery sensor market by technology, voltage, vehicle type, electric vehicle and region.
Regional Analysis:
Geographically, the global automotive intelligence battery sensor market has been divided into four major regions such as North America, Europe, Asia-Pacific and Rest of the World. Amongst all regions, Asia-Pacific is expected to dominate the growth of the market during the forecast period followed by the Europe. Exponential growth of the automotive sector in India, China, and Japan are projected to influence the growth of the automotive intelligent battery sensor market during the forecast period. Increase demand for passenger and commercial vehicles in China and India with fuel efficient system will drive the growth of the market.
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