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Next-Gen Battery Management Systems in the Global Battery Electric Vehicles Industry, Forecast to 2030

Publisher Frost & Sullivan
Published Aug 09, 2024
SKU # MC19075525

Description

Next-Gen Battery Management Systems in the Global Battery Electric Vehicles Industry, Forecast to 2030


IoT-based BMS Driving Transformational Growth by Enabling Real-time Data Transfer and Remote Monitoring of Battery Packs

Demand for advanced battery management systems (BMS) is increasing in line with the growth of electric vehicles (EVs). This is primarily driven by the rapid adoption of Zero Emission Vehicles (ZEV) to achieve their net zero emission targets. As of 2023, BMS makes up 8% to 9% of the total EV price, which is expected to increase significantly over the forecast period. Many OEMs invest heavily in developing advanced BMS by adopting cutting-edge technologies that efficiently work on new battery chemistries. The analysis covers advanced BMS architectures, current and future trends, advanced BMS functionalities, advanced technologies such as wireless sensor networks, cloud computing, IoT, AI, and machine learning, and the development of advanced diagnostics. It also forecasts the total addressable BMS market across the Asia-Pacific, Europe, and the Americas. OEMs heavily focus on advancing BMS to align with the needs of new battery technologies and alternative battery chemistries beyond lithium-ion. Semiconductor technologies will be widely adopted in developing advanced BMS due to their cell measuring accuracy of the cells, which could be compatible with alternative battery chemistries. A traditional BMS focuses on monitoring networks, voltage, current, and temperature of the overall battery pack and individual cells. Advanced BMS broadens the horizon of voltage precision by incorporating innovative chip control abilities to unlock the true potential of EV manufacturers.

Table of Contents

Strategic Imperatives
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Battery Management System (BMS) Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Growth Opportunity Analysis
Scope of Analysis
Growth Metrics
Advanced BMS Market Overview
Segmentation: Types of BMS Architectures
Growth Drivers
Growth Driver Analysis
Growth Restraints
Growth Restraint Analysis
Understanding the Role and Architecture of Advanced BMS
Centralized Architecture
Distributed Architecture
Modular Architecture
Cloud-based Architecture
Key Trends in Advanced BMS
Next-gen BMS: Current and Future Trends
SoC and Estimation Errors Advancements
Cost Analysis of an Advanced BMS
Traditional BMS vs Advanced BMS
Balancing Approaches in BMS: Active vs Passive and Future
Next-gen BMS: Functions
Technology Advancements: BMS
Advanced Battery Diagnostics
Advanced Battery Diagnostics
Developments in Advanced Battery Diagnostics
Functions and Technology Advancements in BMS
Battery Monitoring and Safety in BMS
Thermal Management in BMS
Battery Balancing in BMS
Communication in BMS
Energy Recovery in BMS
BMS Supply Chain for Key OEMs
Next-gen BMS: Supplier Relationships
Total Addressable Market, 2023–2030
Total Addressable BMS Market in the Americas
Total Addressable BMS Market in Europe
Total Addressable BMS Market in Asia-Pacific
Growth Opportunity Universe
Growth Opportunity 1: Software—Embedded and Application
Growth Opportunity 2: Wireless Battery Management System (WBMS)
Growth Opportunity 3: IoT, Cloud, and Data Analytics
Growth Opportunity 4: Market Opportunities for BMS Suppliers
List of Exhibits
Legal Disclaimer
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