Battery Management Integrated Circuits (ICs) Market Report 2025

This Battery Management Integrated Circuits (ICs) market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.

The battery management integrated circuits (ICs) market size has grown strongly in recent years. It will grow from $5.2 billion in 2024 to $5.58 billion in 2025 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to rise in demand for portable electronics, growth of the electric vehicle industry, rise in the need for efficient battery utilization, surge in the miniaturization of electronic devices, and increase in regulatory mandates for energy efficiency.

The battery management integrated circuits (ICs) market size is expected to see strong growth in the next few years. It will grow to $7.3 billion in 2029 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to rising adoption of electric vehicles, growing demand for portable consumer electronics, increasing emphasis on renewable energy storage, expanding IoT applications, increasing stringent safety regulations, and increasing need for efficient power management solutions. Major trends in the forecast period include integration of AI and machine learning, development of more efficient and compact ICs, advancements in ultra-fast charging capabilities, adoption of advanced thermal management techniques, and advancements in wireless battery management solutions.

The growing demand for electric vehicles (EVs) is expected to drive the expansion of the battery management integrated circuit (IC) market. Electric vehicles are powered either fully or primarily by electric motors, utilizing electrical energy stored in batteries or other energy storage devices. This increasing demand for EVs is due to factors such as technological advancements, environmental concerns, economic benefits, government incentives, safety improvements, consumer preferences, and infrastructure development. Battery management ICs play a crucial role in electric vehicles by optimizing battery performance, ensuring safe charging and discharging, balancing cell charge levels, and providing essential data on battery health and state of charge. For example, in April 2024, the International Energy Agency, a France-based intergovernmental organization, reported that electric vehicle sales surged by 3.5 million in 2023 compared to 2022, marking a 35% annual increase. This rise in electric vehicle sales drives the growth of the battery management IC market.

Leading companies in the Battery Management Integrated Circuits market are focusing on developing advanced solutions such as next-generation battery cell controller ICs to improve energy efficiency, extend battery life, and boost overall system reliability. These next-generation ICs are designed to optimize charging and discharging cycles, enhance thermal management, and enable real-time monitoring, ultimately improving the performance and lifespan of advanced battery systems. For example, in November 2023, NXP Semiconductors N.V., a Netherlands-based semiconductor manufacturer, launched the MC33774 to enhance battery pack safety and lifetime performance in electric vehicles (EVs) and energy storage systems. This system provides outstanding cell measurement accuracy of ±0.8 mV, enabling precise monitoring of up to 18 lithium-ion cells at once, which is essential for optimizing battery performance in EVs and energy storage applications. Built for safety-critical uses, it meets ASIL D functional safety standards and operates reliably in temperatures ranging from -40°C to +125°C, ensuring dependable performance in diverse environmental conditions. Additionally, the MC33774 supports passive cell balancing, improving the usable capacity of battery packs by addressing charge level discrepancies among individual cells.

In May 2023, Winnebago Industries, a US-based motorhome manufacturer, acquired Lithionics Battery for an undisclosed amount. This acquisition strengthens Winnebago's capabilities in battery management and overall electrical solutions for its recreational vehicles (RVs) and marine products. Lithionics Battery is a US-based producer of battery management systems and integrated circuit products.

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. The countries covered in the battery management integrated circuits (ICs) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A battery management integrated circuit (IC) is a specialized electronic circuit designed to monitor and control the charging and discharging of batteries, ensuring their safe and efficient operation. It encompasses battery protection, state of charge (SoC) estimation, cell balancing, and temperature monitoring. These integrated circuits enhance the performance, longevity, and safety of batteries.

In the battery management IC market, the main types of integrated circuits are battery integrated circuits, battery authentication integrated circuits, battery fuel gauge integrated circuits, and battery protector integrated circuits. Battery integrated circuits are semiconductor devices that manage and control various functions within a battery system, such as charging, discharging, and monitoring. The different types of batteries include lithium-ion, lead-acid, nickel-based, flow batteries, and others, with applications spanning automotive, industrial equipment, medical devices, consumer electronics, and more.

The battery management integrated circuit (IC) market research report is one of a series of new reports that provides battery management integrated circuit (IC) market statistics, including the battery management integrated circuit (IC) industry global market size, regional shares, competitors with battery management integrated circuit (IC) market share, detailed battery management integrated circuit (IC) market segments, market trends, and opportunities, and any further data you may need to thrive in the battery management integrated circuit (IC) industry. These battery management integrated circuit (IC) market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The battery management integrated circuit (IC) market consists of sales of battery charger ICs, battery monitoring ICs, battery balancing ICs, and power management ICs. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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