The global battery management IC market is projected to reach $10.2 billion by 2028, at a CAGR of 9.1% during 2023-2028. The growth of battery management IC market is driven by increasing demand of electric vehicles, growing need for energy-efficient systems, and rising concern towards safety and security issues related to battery across the globe.
Some of the key questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the battery management IC market
by product type (battery charger IC, fuel gauge IC, and authentication IC),
application (building control, consumer electronics, healthcare, industrial and
retail, automotive, and wearable devices), and region (North America, Europe,
Asia Pacific, and the Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the battery management IC market?
Q.4 What are some
changing demands of customers in the battery management IC market?
Q.5 What are the new
developments in the battery management IC market? Which companies are leading
these developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this battery management IC area and how
big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this battery management IC market?
Market Segmentation:
Based on product type,
the battery management IC market is segmented into battery charger IC, fuel
gauge IC, and authentication IC. The battery charger IC segment accounted for
the largest share of the market in 2023 and is expected to register the highest
CAGR during the forecast period, due to the increasing use of these ICs to
provide proper charge voltage and current for a specific battery cell in
various appliances.
Asia Pacific is expected
to witness highest growth over the forecast period due to the existence of
massive automotive marketplace in the region and presence of advanced
technology for supporting the manufacturing of numerous electrical and
automotive components in Japan.
Key Players in the
battery management IC market are Analog Devices, Semiconductor Components
Industries (SCI), Semtech, Microchip Technology, and NXP Semiconductors.
The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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