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OverviewAPI
The global automotive battery management system (BMS) market is projected to grow from USD 4.7 billion in 2023 to USD 11.7 billion in 2028, with a CAGR of 19.8%. The increasing adoption of electric vehicles, driven by environmental awareness and government incentives, is fueling this growth. The distributed BMS topology is expected to gain market share, particularly in high-power applications like electric vehicles. The commercial vehicles segment, including electric buses and trucks, is forecasted to grow significantly, aligning with global net zero emissions goals. Europe is highlighted as a key region for the automotive BMS market, with major players like Eberspächer, Sensata Technologies, and LG Energy Solution.

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