Market Overview

Lithium-Ion Battery Management Systems for Vehicles Market | Emergence of Cloud-Based BMS to Be a Key Trend | Technavio

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Technavio has been monitoring the lithium-ion battery management systems for vehicles market and it is poised to grow by USD 2.51 billion during 2020-2024, progressing at a CAGR of almost 22% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Download a Free Sample Report on COVID-19

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Technavio has announced its latest market research report titled Global Lithium-Ion Battery Management Systems for Vehicles Market 2020-2024 (Graphic: Business Wire)

Technavio has announced its latest market research report titled Global Lithium-Ion Battery Management Systems for Vehicles Market 2020-2024 (Graphic: Business Wire)

Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the lithium-ion battery management systems for vehicles market. The market growth in 2020 is likely to Decrease compared to the market growth in 2019.

Frequently Asked Questions:

  • Based on segmentation by Application, which is the leading segment in the market?

    Automobile.

  • What are the major trends in the market?

    Emergence of cloud-based BMS service.

  • At what rate is the market projected to grow?

    The market is projected to grow at a CAGR of almost 22% during 2020-2024.

  • Who are the top players in the market?

    Continental AG, DENSO Corp., Infineon Technologies AG, LG Chem Ltd., Lithium Balance AS, Mitsubishi Electric Corp., Panasonic Corp., Renesas Electronics Corp., Samsung SDI Co. Ltd., and Tesla Inc. are the top players in the market.

  • What are the key market drivers and challenges?

    The market is driven by the rising need for environment-friendly batteries. However, the lack of supporting electric vehicle charging infrastructure will challenge market growth.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Continental AG, DENSO Corp., Infineon Technologies AG, LG Chem Ltd., Lithium Balance AS, Mitsubishi Electric Corp., Panasonic Corp., Renesas Electronics Corp., Samsung SDI Co. Ltd., and Tesla Inc. are some of the major market participants. Although the rising need for environment-friendly batteries will offer immense growth opportunities, the lack of supporting electric vehicle charging infrastructure is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this lithium-ion battery management systems for vehicles market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Lithium-Ion Battery Management Systems for Vehicles Market 2020-2024: Segmentation

Lithium-Ion Battery Management Systems for Vehicles Market is segmented as below:

  • Application
    • Automobile
    • Industrial
    • Locomotive
  • Geography
    • APAC
    • North America
    • Europe
    • South America
    • MEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43862

Lithium-Ion Battery Management Systems for Vehicles Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The lithium-ion battery management systems for vehicles market report covers the following areas:

  • Lithium-Ion Battery Management Systems for Vehicles Market Size
  • Lithium-Ion Battery Management Systems for Vehicles Market Trends
  • Lithium-Ion Battery Management Systems for Vehicles Market Industry Analysis

This study identifies the emergence of cloud-based BMS service as one of the prime reasons driving the Lithium-Ion Battery Management Systems for Vehicles Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.

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Lithium-Ion Battery Management Systems for Vehicles Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist lithium-ion battery management systems for vehicles market growth during the next five years
  • Estimation of the lithium-ion battery management systems for vehicles market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the lithium-ion battery management systems for vehicles market
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of lithium-ion battery management systems for vehicles market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019-2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Automobile - Market size and forecast 2019-2024
  • Industrial - Market size and forecast 2019-2024
  • Locomotive - Market size and forecast 2019-2024
  • Market opportunity by Application

Customer Landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Volume drivers – Demand led growth
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Continental AG
  • DENSO Corp.
  • Infineon Technologies AG
  • LG Chem Ltd.
  • Lithium Balance AS
  • Mitsubishi Electric Corp.
  • Panasonic Corp.
  • Renesas Electronics Corp.
  • Samsung SDI Co. Ltd.
  • Tesla Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

     

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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