Global Battery Management IC Market 2024-2028

Global Battery Management IC Market 2024-2028


The battery management IC market is forecasted to grow by USD 2883.38 mn during 2023-2028, accelerating at a CAGR of 10.08% during the forecast period. The report on the battery management IC market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising adoption of EVs and hybrid electric vehicles (HEVS), growing proliferation of portable electronic devices, and advances in battery technology.

Technavio's battery management IC market is segmented as below:

By Product
  • Fuel gauge IC
  • Battery charger IC
  • Authentication IC
By Application
  • Consumer products and communications
  • Automotive
  • Industrial
  • Others
By Geographical Landscape
  • APAC
  • North America
  • Europe
  • South America
  • Middle East and Africa
This study identifies the emergence of artificial intelligence and ML algorithms in battery management as one of the prime reasons driving the battery management IC market growth during the next few years. Also, rising number of new product launches and growing shift toward higher energy density batteries will lead to sizable demand in the market.

The report on the battery management IC market covers the following areas:
  • Battery management IC market sizing
  • Battery management IC market forecast
  • Battery management IC market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading battery management IC market vendors that include AiT Semiconductor Inc., Analog Devices Inc., DENSO Corp., Eberspacher, Infineon Technologies AG, Innoscience, MagnaChip Semiconductor Corp., Microchip Technology Inc., MinebeaMitsumi Inc., Nordic Semiconductor ASA, Nuvoton Technology Corp., NXP Semiconductors NV, Renesas Electronics Corp., ROHM Co. Ltd., Sensata Technologies Inc., STMicroelectronics N.V., Texas Instruments Inc., Top Power ASIC, Wingtech Technology Co. Ltd., and SK Innovation Co. Ltd.. Also, the battery management IC market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary – Chart on Market Overview
      • Table Executive Summary – Data Table on Market Overview
      • Table Executive Summary – Chart on Global Market Characteristics
      • Table Executive Summary – Chart on Market by Geography
      • Table Executive Summary – Chart on Market Segmentation by Product
      • Table Executive Summary – Chart on Market Segmentation by Application
      • Table Executive Summary – Chart on Incremental Growth
      • Table Executive Summary – Data Table on Incremental Growth
      • Table Executive Summary – Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2023
    • Market outlook: Forecast for 2023-2028
      • Table Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Table Data Table on Global Market: Year-over-year growth 2023-2028 (%)
  • Historic Market Size
    • Global battery management IC market 2018 - 2022
      • Table Historic Market Size – Data Table on global battery management IC market 2018 - 2022 ($ million)
    • Product Segment Analysis 2018 - 2022
      • Table Historic Market Size – Product Segment 2018 - 2022 ($ million)
    • Application Segment Analysis 2018 - 2022
      • Table Historic Market Size – Application Segment 2018 - 2022 ($ million)
    • Geography Segment Analysis 2018 - 2022
      • Table Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • Country Segment Analysis 2018 - 2022
      • Table Historic Market Size – Country Segment 2018 - 2022 ($ million)
  • Market Size
    • Global battery management IC market by Application Segment 2023 - 2028
      • Table Market Size (value) - Data Table on Global battery management IC market by Application Segment 2023 - 2028 ($ million)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2023 and 2028
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • Threat of new entrants
      • Table Threat of new entrants – Impact of key factors in 2023 and 2028
    • Threat of substitutes
      • Table Threat of substitutes – Impact of key factors in 2023 and 2028
    • Threat of rivalry
      • Table Threat of rivalry – Impact of key factors in 2023 and 2028
    • Market condition
      • Table Chart on Market condition - Five forces 2023 and 2028
  • Market Segmentation by Product
    • Market segments
      • Table Chart on Product - Market share 2023-2028 (%)
      • Table Data Table on Product - Market share 2023-2028 (%)
    • Comparison by Product
      • Table Chart on Comparison by Product
      • Table Data Table on Comparison by Product
    • Fuel gauge IC - Market size and forecast 2023-2028
      • Table Chart on Fuel gauge IC - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Fuel gauge IC - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Fuel gauge IC - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Fuel gauge IC - Year-over-year growth 2023-2028 (%)
    • Battery charger IC - Market size and forecast 2023-2028
      • Table Chart on Battery charger IC - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Battery charger IC - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Battery charger IC - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Battery charger IC - Year-over-year growth 2023-2028 (%)
    • Authentication IC - Market size and forecast 2023-2028
      • Table Chart on Authentication IC - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Authentication IC - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Authentication IC - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Authentication IC - Year-over-year growth 2023-2028 (%)
    • Market opportunity by Product
      • Table Market opportunity by Product ($ million)
      • Table Data Table on Market opportunity by Product ($ million)
  • Market Segmentation by Application
    • Market segments
      • Table Chart on Application - Market share 2023-2028 (%)
      • Table Data Table on Application - Market share 2023-2028 (%)
    • Comparison by Application
      • Table Chart on Comparison by Application
      • Table Data Table on Comparison by Application
    • Consumer products and communications - Market size and forecast 2023-2028
      • Table Chart on Consumer products and communications - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Consumer products and communications - Market size and forecast 2023- 2028 ($ million)
      • Table Chart on Consumer products and communications - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Consumer products and communications - Year-over-year growth 2023- 2028 (%)
    • Automotive - Market size and forecast 2023-2028
      • Table Chart on Automotive - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Automotive - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Automotive - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Automotive - Year-over-year growth 2023-2028 (%)
    • Industrial - Market size and forecast 2023-2028
      • Table Chart on Industrial - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Industrial - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Industrial - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Industrial - Year-over-year growth 2023-2028 (%)
    • Others - Market size and forecast 2023-2028
      • Table Chart on Others - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Others - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Others - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Others - Year-over-year growth 2023-2028 (%)
    • Market opportunity by Application
      • Table Market opportunity by Application ($ million)
      • Table Data Table on Market opportunity by Application ($ million)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2023-2028 (%)
      • Table Data Table on Market share by geography 2023-2028 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • APAC - Market size and forecast 2023-2028
      • Table Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Table Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Table Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • North America - Market size and forecast 2023-2028
      • Table Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Table Chart on North America - Year-over-year growth 2023-2028 (%)
      • Table Data Table on North America - Year-over-year growth 2023-2028 (%)
    • Europe - Market size and forecast 2023-2028
      • Table Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • South America - Market size and forecast 2023-2028
      • Table Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Table Chart on South America - Year-over-year growth 2023-2028 (%)
      • Table Data Table on South America - Year-over-year growth 2023-2028 (%)
    • Middle East and Africa - Market size and forecast 2023- 2028
      • Table Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • US - Market size and forecast 2023-2028
      • Table Chart on US - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Table Chart on US - Year-over-year growth 2023-2028 (%)
      • Table Data Table on US - Year-over-year growth 2023-2028 (%)
    • China - Market size and forecast 2023-2028
      • Table Chart on China - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Table Chart on China - Year-over-year growth 2023-2028 (%)
      • Table Data Table on China - Year-over-year growth 2023-2028 (%)
    • Japan - Market size and forecast 2023-2028
      • Table Chart on Japan - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Japan - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • Germany - Market size and forecast 2023-2028
      • Table Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • India - Market size and forecast 2023-2028
      • Table Chart on India - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on India - Market size and forecast 2023-2028 ($ million)
      • Table Chart on India - Year-over-year growth 2023-2028 (%)
      • Table Data Table on India - Year-over-year growth 2023-2028 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
      • Table Data Tables on Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Rising adoption of EVs and hybrid electric vehicles (HEVs)
      • Growing proliferation of portable electronic devices
      • Advances in battery technology
    • Market challenges
      • Power efficiency and heat dissipation issues in battery management ICs
      • Supply chain disruptions and component shortages affect battery management IC production
      • Safety and reliability concerns related to battery management ICs
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2023 and 2028
    • Market trends
      • Emergence of artificial intelligence and ML algorithms in battery management
      • Rising number of new product launches
      • Growing shift toward higher energy density batteries
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • AiT Semiconductor Inc.
      • Table AiT Semiconductor Inc. - Overview
      • Table AiT Semiconductor Inc. - Product / Service
      • Table AiT Semiconductor Inc. - Key offerings
    • Analog Devices Inc.
      • Table Analog Devices Inc. - Overview
      • Table Analog Devices Inc. - Business segments
      • Table Analog Devices Inc. - Key news
      • Table Analog Devices Inc. - Key offerings
      • Table Analog Devices Inc. - Segment focus
    • DENSO Corp.
      • Table DENSO Corp. - Overview
      • Table DENSO Corp. - Business segments
      • Table DENSO Corp. - Key news
      • Table DENSO Corp. - Key offerings
      • Table DENSO Corp. - Segment focus
    • Infineon Technologies AG
      • Table Infineon Technologies AG - Overview
      • Table Infineon Technologies AG - Business segments
      • Table Infineon Technologies AG - Key news
      • Table Infineon Technologies AG - Key offerings
      • Table Infineon Technologies AG - Segment focus
    • MagnaChip Semiconductor Corp.
      • Table MagnaChip Semiconductor Corp. - Overview
      • Table MagnaChip Semiconductor Corp. - Product / Service
      • Table MagnaChip Semiconductor Corp. - Key news
      • Table MagnaChip Semiconductor Corp. - Key offerings
    • Microchip Technology Inc.
      • Table Microchip Technology Inc. - Overview
      • Table Microchip Technology Inc. - Business segments
      • Table Microchip Technology Inc. - Key news
      • Table Microchip Technology Inc. - Key offerings
      • Table Microchip Technology Inc. - Segment focus
    • MinebeaMitsumi Inc.
      • Table MinebeaMitsumi Inc. - Overview
      • Table MinebeaMitsumi Inc. - Business segments
      • Table MinebeaMitsumi Inc. - Key offerings
      • Table MinebeaMitsumi Inc. - Segment focus
    • Nordic Semiconductor ASA
      • Table Nordic Semiconductor ASA - Overview
      • Table Nordic Semiconductor ASA - Product / Service
      • Table Nordic Semiconductor ASA - Key offerings
    • NXP Semiconductors NV
      • Table NXP Semiconductors NV - Overview
      • Table NXP Semiconductors NV - Product / Service
      • Table NXP Semiconductors NV - Key news
      • Table NXP Semiconductors NV - Key offerings
    • Renesas Electronics Corp.
      • Table Renesas Electronics Corp. - Overview
      • Table Renesas Electronics Corp. - Business segments
      • Table Renesas Electronics Corp. - Key news
      • Table Renesas Electronics Corp. - Key offerings
      • Table Renesas Electronics Corp. - Segment focus
    • ROHM Co. Ltd.
      • Table ROHM Co. Ltd. - Overview
      • Table ROHM Co. Ltd. - Business segments
      • Table ROHM Co. Ltd. - Key news
      • Table ROHM Co. Ltd. - Key offerings
      • Table ROHM Co. Ltd. - Segment focus
    • Sensata Technologies Inc.
      • Table Sensata Technologies Inc. - Overview
      • Table Sensata Technologies Inc. - Business segments
      • Table Sensata Technologies Inc. - Key news
      • Table Sensata Technologies Inc. - Key offerings
      • Table Sensata Technologies Inc. - Segment focus
    • SK Innovation Co. Ltd.
      • Table SK Innovation Co. Ltd. - Overview
      • Table SK Innovation Co. Ltd. - Business segments
      • Table SK Innovation Co. Ltd. - Key offerings
      • Table SK Innovation Co. Ltd. - Segment focus
    • STMicroelectronics N.V.
      • Table STMicroelectronics N.V. - Overview
      • Table STMicroelectronics N.V. - Business segments
      • Table STMicroelectronics N.V. - Key news
      • Table STMicroelectronics N.V. - Key offerings
      • Table STMicroelectronics N.V. - Segment focus
    • Texas Instruments Inc.
      • Table Texas Instruments Inc. - Overview
      • Table Texas Instruments Inc. - Business segments
      • Table Texas Instruments Inc. - Key news
      • Table Texas Instruments Inc. - Key offerings
      • Table Texas Instruments Inc. - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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