- Report
- August 2023
- 146 Pages
Global
From €3229EUR$3,528USD£2,744GBP
€3799EUR$4,150USD£3,229GBP
The Vehicle Lithium Ion Battery Management System (BMS) market comprises a range of technological solutions designed to ensure the safe and efficient operation of lithium-ion batteries in automotive applications. As a critical component in electric and hybrid vehicles, the BMS monitors and regulates the battery's state of charge (SOC) and state of health (SOH), balancing the charge across cells, providing diagnostic information and protecting the battery from damage due to overcharging, thermal events, and other hazards. These systems are integral to maximizing the lifespan, performance, and safety of lithium-ion batteries, which are favored for their high energy density and lightweight properties relative to other battery technologies. With the automotive industry's shift towards electrification, the importance of advanced BMS is becoming increasingly foregrounded to meet the demands of next-generation electric vehicles.
Several companies are prominent in the Vehicle Lithium Ion Battery Management Systems market. Key players include Texas Instruments, which is known for providing a range of integrated circuits for BMS applications, and Robert Bosch GmbH, a leader in automotive components that offers sophisticated BMS solutions. LG Chem, a major player in lithium-ion batteries, also provides BMS for various automotive applications. Other notable companies in the market include Panasonic Corporation, known for its expertise in electronics and battery technologies, and Continental AG, which supplies BMS alongside its broad portfolio of automotive parts and systems. Show Less Read more