The battery management integrated circuits (ics) market has seen considerable growth due to a variety of factors.
• The battery management integrated circuits (ICs) market has seen strong growth in recent years. It will increase from $5.2 billion in 2024 to $5.58 billion in 2025, at a CAGR of 7.3%.
This growth is fueled by rising demand for portable electronics, the growth of the electric vehicle industry, the need for efficient battery use, the trend toward miniaturization of devices, and the increase in energy efficiency regulations.
The battery management integrated circuits (ics) market is expected to maintain its strong growth trajectory in upcoming years.
• The battery management integrated circuits (ICs) market is expected to grow to $7.3 billion by 2029 at a CAGR of 6.9%.
Growth is driven by the adoption of electric vehicles, portable consumer electronics demand, renewable energy storage needs, expanding IoT applications, and stringent safety regulations. Trends include AI integration, more efficient and compact ICs, ultra-fast charging advancements, thermal management techniques, and wireless battery management solutions.
The demand for electric vehicles is anticipated to boost the growth of the battery management integrated circuit (IC) market. Electric vehicles (EVs) are cars powered by electric motors using stored energy from batteries or other energy sources. The increasing demand for EVs is driven by technological innovations, environmental concerns, financial incentives, safety advancements, and infrastructure improvements. Battery management ICs play a critical role in enhancing EV battery performance, ensuring safe charging, balancing cell levels, and monitoring battery health. For example, in April 2024, the International Energy Agency reported that EV sales surged by 3.5 million in 2023, a 35% rise from the previous year. This growth in EV adoption is therefore contributing to the expansion of the battery management IC market.
The battery management integrated circuits (ICs) market covered in this report is segmented –
1) By Integrated Circuit (IC) Type: Battery Integrated Circuits (ICs), Battery Authentication Integrated Circuits (ICs), Battery Fuel Gauge Integrated Circuits (ICs), Battery Protector Integrated Circuits (ICs)
2) By Battery Type: Lithium-ion-based, Lead-acid-based, Nickel-based, Flow Batteries, Other Batteries
3) By Application: Automotive, Industrial Equipment, Medical Devices, Consumer Electronics, Other Applications
Subsegments:
1) By Battery Integrated Circuits (ICs): Single-Cell Battery ICs, Multi-Cell Battery ICs, Li-ion/Li-polymer Battery ICs, Battery Management System ICs
2) By Battery Authentication Integrated Circuits (ICs): Authentication ICs For Rechargeable Batteries, Secure Battery Authentication ICs For Smart Devices, Battery Authentication ICs For Electric Vehicles
3) By Battery Fuel Gauge Integrated Circuits (ICs): Single-Cell Fuel Gauge ICs, Multi-Cell Fuel Gauge ICs, High-Precision Fuel Gauge ICs For Automotive Applications, Digital Fuel Gauge ICs For Consumer Electronics
4) By Battery Protector Integrated Circuits (ICs): Overcurrent Protection ICs, Overvoltage/Undervoltage Protection ICs, Thermal Protection ICs, Short-Circuit Protection ICs
Companies in the Battery Management Integrated Circuits market are innovating with next-generation battery cell controller ICs to improve energy efficiency and extend battery life. For example, in November 2023, NXP Semiconductors launched the MC33774 battery cell controller IC. This advanced system provides precise monitoring for lithium-ion cells, supports safety-critical applications, and enables passive cell balancing, ultimately enhancing the performance and safety of EVs and energy storage systems.
Major companies operating in the battery management integrated circuits (ICs) market are:
• Samsung Electronics Co. Ltd.
• Panasonic Holdings Corporation
• Qualcomm Incorporated
• Toshiba Corporation
• Texas Instruments Incorporated
• STMicroelectronics N.V.
• Infineon Technologies AG
• NXP Semiconductors NV
• Analog Devices Inc.
• Renesas Electronics Corporation
• ON Semiconductor Corporation
• Microchip Technology Incorporated
• Skyworks Solutions Inc.
• Qorvo Inc.
• ROHM Co. Ltd.
• ams OSRAM AG
• Nisshinbo Micro Devices Inc.
• Diodes Incorporated
• Monolithic Power Systems Inc.
• Semtech Corporation
• Torex Semiconductor Ltd.
• Ablic Inc.
• Dialog Semiconductor Plc
• Eutech Microelectronics Inc.
• Richtek Technology Corporation
Asia-Pacific was the largest region in the battery management integrated circuits (ICs) market in 2024. The regions covered in the battery management integrated circuits (ICs) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.