배터리 관리 IC 시장 예측(2024-2029년)

The battery management IC market is projected to grow at a CAGR of 4.43% to reach US$3.327 billion in 2029 from US$2.456 billion in 2022.

A battery management IC is an electronic device that manages and monitors the discharge and charging abilities of various batteries. It is commonly used in applications such as electric vehicles, renewable energy storage systems, and portable electronic devices. The primary function of a battery management IC is to ensure the safe and efficient operation of the battery by controlling its charging and discharging processes through the collective use of sensors, microcontrollers, and other electronic components to monitor the battery's voltage, temperature, and current. The ability of battery management ICs to ensure the safe and efficient operation of batteries in a wide range of applications is increasing its demand across various sectors such as consumer electronics, automotive, communication, and industrial areas. Further, the addition of advanced monitoring and protection features to battery management ICs to aid in the optimization of the performance of batteries and extend their lifespan is stimulating the demand for the market by resulting in cost savings and improved customer satisfaction.

Market Drivers

• Increase in the demand for battery storage systems is driving the market expansion

The growing demand for battery storage systems is increasing the consumption of battery management ICs as battery management ICs play an important role in battery storage systems (BSS). Battery management ICs are used in BSS to monitor and control the charging and discharging of batteries safely and efficiently which aids in the extension of the lifespan of batteries by preventing overcharging or over-discharging. In addition, battery management ICs provide real-time data on battery performance, allowing operators to optimize the operation of the BSS and identify potential issues before they become serious problems. The rising demand for BSS driven by the increasing adoption of renewable energy and the need for grid stabilization is promoting the launch of new battery management ICs to cater to the needs of BSS. For instance, Maxim Integrated launched MAX17852, a battery management IC intended to be used in large-scale BSS due to its ability to support up to 14 cells in February 2021.

• Growing electric vehicle demand has propelled the market growth

The increase in consumption of EVs and the production of EVs by major companies such as Tesla is driving the demand for the battery management IC market as battery management ICs are a critical component of the battery management systems (BMS) installed in EVs. The BMS is responsible for monitoring and controlling the health, performance, and safety of EV batteries as EVs rely on large battery packs to power their operations. The International Energy Agency revealed that the sales of battery EVs in the US increased from 104,000 in 2017 to 466,000 in 2021 whereas the European region witnessed an increase in its battery EV sales from 139,000 in 2017 to 1,231,000 in 2021. In addition, leading automotive companies are expanding their EV product offerings which are further anticipated to drive the growth of the battery management IC market over the forecast period. For instance, in March 2023, BMW company declared that it will be introducing six new battery EV models by the end of 2025.

By industry vertical, the communication sector is anticipated to grow prominently over the forecast period.

In the communication industry, battery management ICs are used in various applications such as wearables and wireless communication devices since these devices rely on batteries to power their operations. In addition, efficient battery management is crucial to ensure longer battery life and better device performance of communication devices. The rapid advancements in wireless communication and the increasing adoption of 5G networks are expected to result in the growth of the consumption of battery management ICs by the communication industry.

Asia Pacific region holds a significant portion of the battery management IC market.

The growing production of consumer electronics and the increasing consumption of EVs in major Asian economies such as South Korea, China, and India is expected to drive the battery management IC market in the region. According to the International Energy Agency, China is one of the largest EV-consuming vehicles and in 2022, the share of EV sales in total vehicle sales stood at 29% which represented a 13% increase from 2021. In addition, the expansion of consumer electronics production activities in the region is further stimulating market growth as fuel gauge ICs, battery charger ICs, and authentication ICs are extensively consumed by this sector. A fuel gauge IC is used to measure and report the remaining capacity of a battery whereas a battery charger IC is used to manage the charging of a battery. Further, authentication ICs are employed to verify the authenticity of a battery or other component.

Key Developments

• In May 2023: Lithionics Battery, a company specializing in the manufacture of battery management systems and IC products using its patented NeverDie Technology was acquired by Winnebago Industries.
• In March 2023: Qorvo, a semiconductor company in the US providing solutions to the communication industry introduced two new battery management systems, PAC22140 and PAC25140 that employ single battery management ICs to offer support to up to 20 battery pack cells.

Segmentation:

By Type

• Fuel Gauge IC
• Battery Charger IC
• Authentication IC

By Industry Vertical

• Consumer Electronics
• Automotive
• Communication
• Industrial
• Others

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• Germany
• France
• United Kingdom
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• Israel
• Others
• Asia Pacific
• China
• Japan
• India
• South Korea
• Taiwan
• Others

TABLE OF CONTENTS

1. INTRODUCTION

• 1.1. Market Overview
• 1.2. Market Definition
• 1.3. Scope of the Study
• 1.4. Market Segmentation
• 1.5. Currency
• 1.6. Assumptions
• 1.7. Base, and Forecast Years Timeline
• 1.8. Key Benefits for the stakeholder

2. RESEARCH METHODOLOGY

• 2.1. Research Design
• 2.2. Research Processes

3. EXECUTIVE SUMMARY

• 3.1. Key Findings
• 3.2. Analyst View

4. MARKET DYNAMICS

• 4.1. Market Drivers
• 4.2. Market Restraints
• 4.3. Porter's Five Forces Analysis
  • 4.3.1. Bargaining Power of Suppliers
  • 4.3.2. Bargaining Power of Buyers
  • 4.3.3. Threat of New Entrants
  • 4.3.4. Threat of Substitutes
  • 4.3.5. Competitive Rivalry in the Industry
• 4.4. Industry Value Chain Analysis
• 4.5. Analyst View

5. BATTERY MANAGEMENT IC MARKET BY TYPE

• 5.1. Introduction
• 5.2. Fuel Gauge IC
  • 5.2.1. Market Trends and Opportunities
  • 5.2.2. Growth Prospects
  • 5.2.3. Geographic Lucrativeness Insights
• 5.3. Battery Charger IC
  • 5.3.1. Market Trends and Opportunities
  • 5.3.2. Growth Prospects
  • 5.3.3. Geographic Lucrativeness Insights
• 5.4. Authentication IC
  • 5.4.1. Market Trends and Opportunities
  • 5.4.2. Growth Prospects
  • 5.4.3. Geographic Lucrativeness Insights

6. BATTERY MANAGEMENT IC MARKET BY INDUSTRY VERTICAL

• 6.1. Introduction
• 6.2. Consumer Electronics
  • 6.2.1. Market Trends and Opportunities
  • 6.2.2. Growth Prospects
  • 6.2.3. Geographic Lucrativeness Insights
• 6.3. Automotive
  • 6.3.1. Market Trends and Opportunities
  • 6.3.2. Growth Prospects
  • 6.3.3. Geographic Lucrativeness Insights
• 6.4. Communication
  • 6.4.1. Market Trends and Opportunities
  • 6.4.2. Growth Prospects
  • 6.4.3. Geographic Lucrativeness Insights
• 6.5. Industrial
  • 6.5.1. Market Trends and Opportunities
  • 6.5.2. Growth Prospects
  • 6.5.3. Geographic Lucrativeness Insights
• 6.6. Others
  • 6.6.1. Market Trends and Opportunities
  • 6.6.2. Growth Prospects
  • 6.6.3. Geographic Lucrativeness Insights

7. BATTERY MANAGEMENT IC MARKET BY GEOGRAPHY

• 7.1. Introduction
• 7.2. North America
  • 7.2.1. By Type
  • 7.2.2. By Industry Vertical
  • 7.2.3. By Country
    • 7.2.3.1. USA
      • 7.2.3.1.1. Market Trends and Opportunities
      • 7.2.3.1.2. Growth Prospects
    • 7.2.3.2. Canada
      • 7.2.3.2.1. Market Trends and Opportunities
      • 7.2.3.2.2. Growth Prospects
    • 7.2.3.3. Mexico
      • 7.2.3.3.1. Market Trends and Opportunities
      • 7.2.3.3.2. Growth Prospects
• 7.3. South America
  • 7.3.1. By Type
  • 7.3.2. By Industry Vertical
  • 7.3.3. By Country
    • 7.3.3.1. Brazil
      • 7.3.3.1.1. Market Trends and Opportunities
      • 7.3.3.1.2. Growth Prospects
    • 7.3.3.2. Argentina
      • 7.3.3.2.1. Market Trends and Opportunities
      • 7.3.3.2.2. Growth Prospects
    • 7.3.3.3. Others
      • 7.3.3.3.1. Market Trends and Opportunities
      • 7.3.3.3.2. Growth Prospects
• 7.4. Europe
  • 7.4.1. By Type
  • 7.4.2. By Industry Vertical
  • 7.4.3. By Country
    • 7.4.3.1. Germany
      • 7.4.3.1.1. Market Trends and Opportunities
      • 7.4.3.1.2. Growth Prospects
    • 7.4.3.2. France
      • 7.4.3.2.1. Market Trends and Opportunities
      • 7.4.3.2.2. Growth Prospects
    • 7.4.3.3. United KIngdom
      • 7.4.3.3.1. Market Trends and Opportunities
      • 7.4.3.3.2. Growth Prospects
    • 7.4.3.4. Spain
      • 7.4.3.4.1. Market Trends and Opportunities
      • 7.4.3.4.2. Growth Prospects
    • 7.4.3.5. Others
      • 7.4.3.5.1. Market Trends and Opportunities
      • 7.4.3.5.2. Growth Prospects
• 7.5. Middle East and Africa
  • 7.5.1. By Type
  • 7.5.2. By Industry Vertical
  • 7.5.3. By Country
    • 7.5.3.1. Saudi Arabia
      • 7.5.3.1.1. Market Trends and Opportunities
      • 7.5.3.1.2. Growth Prospects
    • 7.5.3.2. Israel
      • 7.5.3.2.1. Market Trends and Opportunities
      • 7.5.3.2.2. Growth Prospects
    • 7.5.3.3. Others
      • 7.5.3.3.1. Market Trends and Opportunities
      • 7.5.3.3.2. Growth Prospects
• 7.6. Asia Pacific
  • 7.6.1. By Type
  • 7.6.2. By Industry Vertical
  • 7.6.3. By Country
    • 7.6.3.1. China
      • 7.6.3.1.1. Market Trends and Opportunities
      • 7.6.3.1.2. Growth Prospects
    • 7.6.3.2. Japan
      • 7.6.3.2.1. Market Trends and Opportunities
      • 7.6.3.2.2. Growth Prospects
    • 7.6.3.3. India
      • 7.6.3.3.1. Market Trends and Opportunities
      • 7.6.3.3.2. Growth Prospects
    • 7.6.3.4. South Korea
      • 7.6.3.4.1. Market Trends and Opportunities
      • 7.6.3.4.2. Growth Prospects
    • 7.6.3.5. Taiwan
      • 7.6.3.5.1. Market Trends and Opportunities
      • 7.6.3.5.2. Growth Prospects
    • 7.6.3.6. Others
      • 7.6.3.6.1. Market Trends and Opportunities
      • 7.6.3.6.2. Growth Prospects

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

• 8.1. Major Players and Strategy Analysis
• 8.2. Market Share Analysis
• 8.3. Mergers, Acquisitions, Agreements, and Collaborations
• 8.4. Competitive Dashboard

9. COMPANY PROFILES

• 9.1. Analog Devices, Inc.
• 9.2. Renesas Electronics Corporation
• 9.3. Richtek Technology Corporation (Media Tek)
• 9.4. Texas Instruments
• 9.5. STMicroelectronics
• 9.6. Qualcomm Technologies, Inc.
• 9.7. Semtech