Global Battery Management IC Market 2017-2021

The below infographic includes key findings from our analysis of the battery management integrated circuit (IC) market

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Overview of the global battery management integrated circuit (IC) market

Technavio’s market research analysts have predicted that the global battery integrated circuit (IC) market will grow at a CAGR of more than 5% during the forecast period. The increasing popularity of electric vehicles is one of the primary drivers for market growth. Improvements in battery technologies have led to recent modernizations in the automotive industry and the development of new-age electric and hybrid electric vehicles. The significant growth in demand for electric vehicles has prompted many automobile manufacturers to invest heavily in the market, in turn, fueling the demand for electric vehicle batteries. This increasing demand will drive battery management IC designers to improve the cost, performance, and safety measures, consequently augmenting market growth in the coming years.

One of the latest trends that will gain traction in the global battery management IC market is the emergence of new trends in battery pack IC integration. Currently, the chip manufacturers utilize efficient designs for the basic elements of the battery management system. The available battery packs in the market consist of gas-gauging ICs that can check the amount of capacity left in the battery pack, battery charging systems, and protection chips.  Furthermore, fuel gauge ICs can be featured in a Li-ion battery pack or close to a processor that monitors the battery and reports information to the system management bus (SMBus).

Competitive analysis and key vendors

The global battery management IC market is highly competitive and characterized by the presence of established international, regional, and local vendors. The market will witness intense competition with a rise in product/service extensions, new technologies, and M&A activities. Moreover, the regional vendors will find it hard to compete with the international players based on various parameters such as quality, technology, price, and established presence.

Key vendors in the market are:

• Analog Devices
• Fairchild Semiconductor
• Maxim Integrated
• Microchip Technology
• NXP Semiconductors
• Renesas Electronics
• Richtek Technology
• ROHM Semiconductor
• Semtech
• Skyworks Solutions
• STMicroelectronics
• Texas Instruments

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Segmentation by product and analysis of the battery management IC market

• Fuel Gauge IC
• Battery Charger IC
• Authentication IC

During 2016, the fuel gauge IC segment dominated the battery management IC market and is expected to continue the domination during the forecast period. The rising demand for highly accurate and dependable fuel gauges in smartphones, e-scooters, laptops, and night vision devices will boost the growth of this market segment.

Geographical segmentation and analysis of the battery management IC market

• Americas
• APAC
• EMEA

This market research analysis estimates that in terms of geography, APAC led the global battery management IC market during 2016 and is foreseen to continue the lead over the next four years as well. This mainly attributed to a rise in applications using battery management ICs mainly in the wearable electronics and automotive sectors.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global battery management IC market?
• What are the key market trends impacting the global battery management IC market?
• What are the challenges to market growth?
• Who are the key vendors in the global battery management IC market?
• What are the market opportunities and threats faced by the vendors in the global battery management IC market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global battery management IC market?

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