Sector Innovation Report: xEV Systems Q2 2024

Sector Innovation Report: xEV Systems Q2 2024

Summary

​The global market for battery management systems is estimated at 32.6 million units in 2024, growing at a CAGR of 38.8% during 2019-24. Between 2024 and 2029, the sector is projected to grow at a CAGR of 11.8%. Government incentives, subsidies, and tax breaks for both manufacturers and consumers of xEVs encourage adoption, boosting the demand for traction batteries, which in turn will boost the demand for battery management systems.

Scope

This report synthesizes data from multiple sources to offer a comprehensive overview of the global xEV Systems sector. It encompasses an analysis of the following -

• Latest Developments: This section provides information on recent deals and news relevant to the sector, gathered from a wide range of unstructured data sources, which is then analyzed and standardized to provide consumable information.​
• Tech Foresight & Patent Analysis: This section offers an overview of patent filings within the sector, categorizing them by region, country, and leading applicants.
• Sector Forecast: This section delivers an in-depth analysis of the global market, including actual volumes from 2019 to 2029 and volume growth projections from 2024 to 2029. Additionally, it presents a regional overview across five regions-Asia-Pacific, Europe, the Middle East and Africa (MEA), North America, and South America-emphasizing sector size and identifying regional growth drivers.​
• Key Companies: Provides an overview of leading component suppliers at a global and regional level, besides analyzing the recent patents of the suppliers. It also provides an overview of patent trends, top patent geographies, total number of patents filed with degree of impact and SWOT Analysis.
• Job Analytics: This section presents a comprehensive overview of job listings from prominent firms within the industry. It categorizes these opportunities by country, required experience, occupational trends, and levels of seniority.​
• Global Advertising Analytics: This section delivers an insightful overview of sector-related advertisements, organizing them by media type and geographic location.

• Auto OEMs and component suppliers seek the latest information on how the market is evolving to formulate their sales and marketing strategies. There is also a demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the sector in the region. The report provides a detailed analysis of the regions and competitive landscape that can help companies gain insight into the region-specific nuances. To gain competitive intelligence about leading component suppliers in the sector in the region with information about their market share and growth rates.