The Global Battery Sensor Market is Expected to Grow at a CAGR of 11% by 2025

According to a new market report by Lucintel, the future of the global battery sensor market looks promising with opportunities in the automotive industry. The global battery sensor market is expected to decline in 2020 due to the global economic recession led by the COVID-19 pandemic. However, the market will witness recovery in the year 2021, and it is expected to grow with a CAGR of 11% from 2020 to 2025. The major growth drivers for this market are the growing demand for fuel-efficient vehicles due to stringent government regulations and increasing overall vehicle demand.

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In this market 12V, 24V, and 48V are the major voltage types used in battery sensors. Lucintel forecasts that 12V is expected to witness the highest growth over the forecast period due to its low cost benefits.

Within this market, passenger cars will remain the largest vehicle type segment over the forecast period because passenger car production has increased across the globe.

Asia Pacific will remain the largest region over the forecast period due to increasing vehicle production and rising demand for fuel-efficient vehicles in Japan, South Korea, India, and China.

HELLA, Furukawa Electric, Continental, Bosch, NXP, Vishay, and Texas Instruments are among the major manufacturers of the global battery sensor market.     

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global battery sensor market by voltage type, communication technology, vehicle type, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Battery Sensor Market 2020-2025: Market Size, Trends and Growth Analysis”.  This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global battery sensor market by voltage type, communication technology, vehicle type, and region as follows:

By Voltage Type [$M shipment analysis for 2014–2025]:

12V

24V

48V

 

By Communication Technology [$M shipment analysis for 2014–2025]:

 

LIN

CAN

 

By Vehicle Type [$M shipment analysis for 2014–2025]:

Passenger Cars

LCV

HCV

 

By Region [$M shipment analysis for 2014–2025]:

North America

United States

Canada

Mexico

 

Europe

Germany

UK

Italy

 

Asia Pacific

China

Japan

India

South Korea

 

Rest of the World

This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.

 

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. For further information, visit www.lucintel.com.