The global battery sensor market size was estimated at USD 3.46 billion in 2023 and is expected to grow at a CAGR of 11.0% from 2024 to 2030. The market consists of battery sensors that are used for monitoring the electric vehicle battery in the automotive industry. These sensors monitor and measure battery performance in order to help protect the vehicle and its components. Focus on battery safety and efficiency, evolving battery technology, and increasing adoption of electric vehicles are some of the key factors driving the battery sensor market’s growth.

Battery sensors enhance safety and efficiency by precisely measuring current, voltage, temperature, and calculate the battery's state of charge and function. They prevent issues like deep discharge, support CO2-saving technologies, and ensure a reliable power supply to critical vehicle systems. By maximizing battery life and supporting advanced vehicle features like predictive diagnostics, these sensors are crucial for vehicle electrification and automation. This functionality drives the growing adoption of battery sensors, contributing significantly to the market's growth.

In November 2023, United Safety Survivability Corporation, an advanced safety solution provider, announced the launch of its latest innovation, a Lithium-Ion Battery Failure Detection System. This solution has the capability to detect battery failure at an early stage, which significantly increases battery safety. Such innovations are crucial for the growing adoption of electric vehicles, which rely on precise monitoring for optimal performance. With these technological advances, the demand for advanced battery sensors is rising, thus fueling the battery sensor market's growth.

Battery Sensor Market Segmentation Highlights

• Based on voltage, the 12V segment led the market and accounted for 45.6% of the global revenue in 2023 and is expected to retain its dominance over the forecast period.
• The Controller Area Network (CAN) segment accounted for the largest market revenue share in 2023. The segment’s growth is driven by its ability to support high-speed communication and robust data transmission capabilities. 
• The passenger car segment accounted for the largest market revenue share in 2023. The growing consumer preference for hybrid and electric passenger carsis driving the demand for battery sensors within this segment.
• The BEV segment accounted for a significant market revenue share in 2023. The segment is experiencing rapid growth within the battery sensor market, driven by increasing global adoption of fully electric vehicles. 

Segments Covered in the Report

The report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global battery sensor market report based on voltage, communication, vehicle category, vehicle type, and region.

• Voltage Outlook (Revenue, USD Million, 2018 - 2030)
  • 12V
  • 24V
  • 48V
• Communication Outlook (Revenue, USD Million, 2018 - 2030)
  • Local Interconnect Network (LIN)
  • Controller Area Network (CAN)
    
    
• Vehicle Category Outlook (Revenue, USD Million, 2018 - 2030)
  • Passenger Car
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle
    
    
• Vehicle Type Outlook (Revenue, USD Million, 2018 - 2030)
  • BEV
  • HEV
  • PHEV
    
    
• Regional Outlook (Revenue, USD Million, 2018 - 2030)
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
  • Latin America
    • Brazil
  • Middle East Africa (MEA)
    • UAE
    • Kingdom of Saudi Arabia (KSA)
    • South Africa

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