Lithium-ion (Li-ion) polymer battery is a rechargeable battery that increasingly finding their way into portable and mobile devices. These highly efficient battery technologies pack more energy into a smaller size than almost any other battery type. Li-ion Battery Protection ICs are preventive devices designed to provide an accurate monitor and trigger threshold for overcurrent protection during high discharge/charge current operation or battery overcharge conditions. These batteries are integrated with power MOSFET for preventing large external short circuit current and the protection circuits against the excess discharge-current. Lithium polymer battery is expected to see adoption at a large scale in the hand-held electronic devices such as laptops, mobiles, and cameras among others. Any electronic devices that requires frequent burst of power for a long period of time can be powered with a lithium polymer battery. Furthermore, to avoid further short circuits is a primary concern for every consumer and manufacturer. High demand of lithium-ion battery in consumer electronics devices, and rising demand for High Accuracy over current detection in these electronic devices is expected to boost the demand of Li-ion Battery Protection ICs Market. However, less durability and reliability is some factors which hindering the growth of the market. Efforts are being taken by many companies to upgrade their research and development activities to introduce innovations in this field. Furthermore, rising adoption of IIoT (Industrial Internet of Things) is key market trend which creates ample opportunities for manufacturers to sustain in this market.
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The global Li-ion Battery Protection ICs market is segmented on the basis of cell type, application, end-use, and region. By cell type, the market has been segmented into single cell and multi-cell. On the basis of application, the market is segmented into monitor, protection, and others. Battery Protection against the excess discharge-current and excess charge current is the primary application of the Li-ion Battery Protection ICs and that acquired the largest market share. Furthermore, Battery monitoring across the external power FETs for protection due to high charge or discharge currents was also major function under this segment. On the basis of end-use, the market is segmented into automotive, consumer electronics, healthcare, military and defense, Industrial and others. The consumer electronics segment witnesses a rising need for Li-ion Battery Protection ICs, which has created a demand for Li-ion Battery Protection ICs. Products such as laptop, smart phone, smart wearable is expected to hold a major share of the global Li-ion Battery Protection ICs market.
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In the region wise study, the global Li-ion Battery Protection ICs market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Europe which comprises Germany, France, the Netherland, Italy and United Kingdom captured significant market share followed by North America and Asia Pacific in 2016. Asia Pacific showed the fastest growth rate during the forecast period due to the emerging economies. China represents huge potential for the Li-ion Battery Protection ICs with the low cost of raw materials and huge production in the country. The U.S. and Germany are expected to be the second largest market after China.