Global Automotive Battery Sensor Market Will Accelerate Rapidly with estimated value $4.83 billion in the forecast period of 2019-2026
Data Bridge Market Research has recently added a concise research on Global Automotive Battery Sensor Market to depict valuable insights related to significant market trends driving the industry. The report features analysis based on key opportunities and challenges confronted by market leaders while highlighting their competitive setting and corporate strategies for the estimated timeline. Some are the key & emerging players that are part of coverage and have being profiled are Autotech Industries (India) Pvt. Ltd., Delphi Technologies, AVL, Samsung SDI Co. Ltd., Renesas Electronics Corporation, Automotive Energy Supply Corporation, Panasonic Corporation, and Abertax Technologies Ltd
Definition:
The rising demand of Carbon Dioxide emissions and the increasing concerns put forward by various governments has led to the introduction of IBS. It increases the regulation over the carbon dioxide emissions of a vehicle, optimizing the fuel efficiency and also controls the electronic power system and enhances the life of a battery. An IBS unit gives precise statistics, of the battery and measures the demand current, voltage and temperature.
Analysis of Global Automotive Battery Sensor Market report:
The Global Automotive Battery Sensor Market is expected to grow to an estimated USD 4.83 billion by the year 2025, from its initial estimated value of USD 2.1 billion in the year 2017, registering a CAGR of 11% in the forecast period of 2018-2025. This rise in the value of the market can be the increase in the demand for vehicles and more importantly, fuel-efficient vehicles. Also, the rising concern for the emission of vehicles is another reason for it.
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Market Drivers:
- Increased production of passenger vehicles is directly affecting the market growth of Global Automotive Battery Sensor Market and is driving it forward
- The improvement in battery life due to the IBS is also a market driver and with the increase in demand for fuel-efficient vehicles, and less carbon dioxide emissions; the market growth of this sector is very high
Market Restraints:
- Manufacturing of Electric Vehicles, require strict government regulations; therefore causing the demand for the Global Automotive Battery Sensor Market to be restrained
- The high cost and system malfunctions of the Automotive Battery Sensor Market is also one of the reasons for the restriction of market growth
Top Manufacturers Profiles Operating in the Global Automotive Battery Sensor Market:
HELLA GmbH & Co. KGaA, Continental AG, Robert Bosch GmbH, Furukawa Electric Co. Ltd., NXP Semiconductors, Texas Instruments Incorporated, Denso Corporation, ams AG, Inomatic (S) Pte Ltd., TE Connectivity, MTA S.p.A., Silicon Laboratories, Microchip Technology Inc., Mouser Electronics Inc., Insplorion AB, Infineon Technologies AG, CSM GmbH Computer-Systeme-Messtechnik, Autotech Industries (India) Pvt. Ltd. are few of the major market players in the Global Automotive Battery Sensor Market.
Global Automotive Battery Sensor Market Segmentation:
By Voltage Type
- 12V
- 24V
- 48V
By Vehicle Type
- Passenger Car
- Light Commercial Vehicle
- Heavy Commercial Vehicle
By Hybrid Vehicle Type
- Hybrid Electric Vehicle
- Plug-in Hybrid Electric Vehicle
By Communication Technology
- Local Interconnect Network
- Controller Area Network
By Geography
- North America
- South America
- Europe
- Asia Pacific
- Middle-east and africa
Competitive Analysis:
The Global Automotive Battery Sensor Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Automotive Battery Sensor market for, Europe, North America, Asia-Oceania, and Rest of the World.
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