The global battery sensor market size was estimated at USD 3.46 billion in 2023 and is projected to reach USD 7.15 billion by 2030, growing at a CAGR of 11.0% from 2024 to 2030. This notable growth reflects the rapid transformation of the automotive industry toward electrification and smart vehicle systems. Battery sensors play a critical role in monitoring electric vehicle (EV) batteries by continuously tracking key parameters that influence performance, safety, and longevity. As vehicles become increasingly electrified and technologically advanced, the demand for reliable and accurate battery monitoring solutions continues to rise.

The market consists of battery sensors used primarily for monitoring electric vehicle batteries within the automotive sector. These sensors are designed to measure and analyze battery performance parameters in real time, helping protect both the vehicle and its electrical components from potential failures. Key growth drivers for the battery sensor market include the increasing focus on battery safety and efficiency, ongoing advancements in battery technologies, and the accelerating adoption of electric vehicles across global markets.

Battery sensors significantly enhance vehicle safety and operational efficiency by accurately measuring current, voltage, and temperature, while also calculating the battery’s state of charge and overall functional status. By preventing issues such as deep discharge and thermal runaway, these sensors help maintain battery integrity and operational reliability. Additionally, battery sensors support CO₂-saving technologies by enabling efficient energy management and ensuring a stable power supply to critical vehicle systems. Their ability to maximize battery lifespan and support advanced features such as predictive diagnostics and real-time monitoring makes them essential components in modern vehicle electrification and automation, further driving market growth.

The surging demand for electric vehicles is a major factor fueling the need for advanced battery sensors, as these components are essential for ensuring optimal battery performance and long-term reliability. Battery sensors provide real-time insights into critical battery metrics, allowing efficient battery management and early detection of potential issues before they escalate into system failures. As EV adoption continues to accelerate due to environmental regulations, fuel cost savings, and government incentives, the requirement for robust and reliable battery management systems grows accordingly. This increasing emphasis on safe, efficient, and high-performance battery operations is contributing significantly to the expansion of the battery sensor market.

Key Market Trends & Insights:

• The battery sensor market in Asia Pacific (APAC) dominated the global market and accounted for a 45.4% share in 2023. The region is witnessing rapid market expansion due to its strong position in electric vehicle manufacturing, the presence of major automotive and battery producers, and increasing investments in sustainable mobility and clean energy initiatives across countries such as China, Japan, and South Korea.
• Based on voltage, the 12V segment led the market and accounted for 45.6% of global revenue in 2023. This dominance is attributed to the widespread use of 12V systems across conventional, hybrid, and electric vehicles. The 24V segment is expected to register significant growth from 2024 to 2030, driven by its increasing adoption in commercial vehicles and advanced electrical architectures requiring higher power capacity.
• Based on communication, the controller area network (CAN) segment accounted for the largest market revenue share in 2023, owing to its reliability, robustness, and ability to handle complex communication requirements within vehicle networks. The Local Interconnect Network (LIN) segment is expected to grow significantly from 2024 to 2030. The growth of the LIN segment is primarily driven by its cost-effectiveness and suitability for simpler, less demanding communication tasks within automotive systems.
• Based on vehicle category, the passenger car segment accounted for the largest market revenue share in 2023, supported by the high production volume of passenger vehicles and the rapid adoption of electric and hybrid models. The light commercial vehicle segment is expected to register the highest CAGR from 2024 to 2030, driven by the electrification of delivery fleets, logistics vehicles, and last-mile transportation solutions.
• Based on vehicle type, the battery electric vehicle (BEV) segment accounted for a significant market revenue share in 2023, reflecting the growing penetration of fully electric vehicles worldwide. The hybrid electric vehicle (HEV) segment is expected to register significant growth from 2024 to 2030, driven by the increasing popularity of vehicles that combine internal combustion engines with electric propulsion. This trend is boosting demand for battery sensors capable of managing complex hybrid powertrain systems.

Order a free sample PDF of the Battery Sensor Market Intelligence Study, published by Grand View Research.

Market Size & Forecast:

• 2023 Market Size: USD 3.46 Billion
• 2030 Projected Market USD 7.15 Billion
• CAGR (2024-2030): 11.0%
• Asia Pacific: Largest market in 2023

Key Players

• Continental AG
• Robert Bosch GmbH
• Furukawa Electric Co., Ltd.
• NXP Semiconductors
• Vishay Intertechnology, Inc.
• Inomatic GmbH
• Texas Instruments Incorporated
• HELLA
• TE Connectivity
• Battery Watering Technologies.

Explore Horizon Databook – The world's most expansive market intelligence platform developed by Grand View Research.

Conclusion:

In conclusion, the battery sensor market is expanding steadily, supported by the rapid growth of electric and hybrid vehicles and increasing emphasis on battery safety and efficiency. Battery sensors play a critical role in ensuring reliable battery performance by enabling accurate monitoring, predictive diagnostics, and effective energy management. Advancements in battery technology and vehicle electrification are further strengthening the demand for sophisticated sensing solutions. Asia Pacific remains the leading regional market, while emerging segments such as 24V systems, LIN communication, and light commercial vehicles are expected to drive future growth. Overall, battery sensors are becoming indispensable components in the evolution of modern, electrified, and intelligent vehicles.