| Status : Published | Published On : Apr, 2024 | Report Code : VRAT4064 | Industry : Automotive & Transportation | Available Format :
|
Page : 185 |
Global Electric Vehicle Communication Controller Market – Analysis and Forecast (2025-2030)
Industry Insights by System (Electric Vehicle Communication Controller [EVCC] and Supply Equipment Communication Controller [SECC]), Charging Type (Plug-In and Inductive), Electric Vehicle Type (Battery Electric Vehicle [BEV] and Plug-In Hybrid Electric Vehicle [PHEV]), Vehicle Type (Passenger Car and Commercial Vehicle) and By Geography (North America, Europe, Asia-Pacific (APAC), Rest of the World (RoW))
Industry Overview
The Global Electric Vehicle Communication Controller Market is expected to reach USD 0.64 billion by 2030, growing at a CAGR of 34.6% during the forecast period. The global electric vehicle communication controller market is growing at a noteworthy pace, due to the increasing adoption of electric vehicles and several government initiatives across the globe. Among the vehicle type segment, passenger cars contribute a major share of the market. With the occurrence of high-power batteries in the automotive industry, the demand for fast charging has accelerated rapidly. As a result, this will boost the demand for fast-charging types in the passenger vehicle sector.
The Electric Vehicle Communication Controller acts as a key component supporting communication between electric vehicles and chargers for fast and reliable charging. EVCC is a gateway between an external charger and vehicle ECU (Engine Control Unit) assisting in exchanging the information mutually through communication.
Electric Vehicle Communication Controller Market Segmentation
Insight by System
Based on the system, the market is bifurcated into electric vehicle communication controller (EVCC) and supply equipment communication controller (SECC). Among both the system types, the EVCC segment is expected to grow at the fastest rate in the market. In addition, the SECC is the control unit that runs the communication protocol, and the segment is expected to grow in a sector where vehicle safety is one of the prime disquiets. However, the EVCC sector captured a major market share in 2018 and is expected to grow rapidly, owing to concerns about the more user-friendly and secure mode of charging EVs.
Insight by Charging Type
On the basis of charging type, the market is subdivided into plug-in and inductive. Among both these charging types, plug-in also known as wired charging mode accounted foremost share in the EVCC market, being one of the most adopted charging methods. However, inductive or wireless charging is one of the most innovative technologies that is aggressively advancing and is expected to be a game changer for the EV market.
Insight by Vehicle Type
Based on vehicle type, the market is bifurcated into passenger cars and commercial vehicles. Passenger car is expected to account for the highest market share in the current year. Furthermore, commercial vehicles include all types of CVs such as LCV (light commercial vehicle), MCV (medium commercial vehicle), and HCV (heavy commercial vehicle) however; the electric vehicle adoption in this sector is less as compared to the passenger cars.
Global Electric Vehicle Communication Controller Market Report Coverage
|
Report Metric |
Details |
|
Historical Period |
2018 - 2023 |
|
Base Year Considered |
2024 |
|
Forecast Period |
2025 - 2030 |
|
Market Size in 2024 |
U.S.D. XX Billion |
|
Revenue Forecast in 2030 |
U.S.D. 0.64 Billion |
|
Growth Rate |
34.6% |
|
Segments Covered in the Report |
By System, By Charging Type, By Vehicle Type |
|
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
|
Regions Covered in the Report |
North America, Europe, Asia-Pacific (APAC), Rest of the World (RoW) |
Industry Dynamics
Electric Vehicle Communication Controller Industry Trends
The introduction of Vehicle-To-Grid (V2G) technology in electric vehicle charging stations is the major trend in the electric vehicle communication controller market. The V2G technology will enable electric energy to be pushed back to the grid from the battery of an electric vehicle and will as a result help in energy saving.
Electric Vehicle Communication Controller Market Growth Drivers
Electric vehicle adoption has grown rapidly across the globe over the past decade. Europe, China, and the US are major contributors to the market, with China accounting for approximately 45% of the electric vehicle count. Followed by Europe and US, accounting for close to 24% and 22% respectively. Further, this has boosted the EV charging station growth as well.
Electric Vehicle Communication Controller Market Challenges
The absence of standardization in charging infrastructure and diverse government policies and market framework towards carbon emission and fuel consumption may obstructs the growth of the electric vehicle communication controller market.
Electric Vehicle Communication Controller Market Geographic Overview
Geographically, APAC, mainly China is the largest electric vehicle communication controller market in the region, owing to the largest (around 2.3 million) electric vehicle running on the road. In addition, the region also accounts for noteworthy investment in battery manufacturing, this will further surge the growth of the China electric vehicle communication controller market in years to come.
Further, the US and Europe hold the second and third largest electric vehicle communication controller market share respectively, due to the growing electric vehicle adoption, and the increasing deployment of charging stations. In addition, some of the other developing nations in APAC and Europe are also rapidly deploying electric vehicles, this as a result is also creating a positive impact on the electric vehicle communication controller market growth in the region.
Electric Vehicle Communication Controller Market Competitive Insight
Key players in the electric vehicle communication controller market include automotive OEMs who are making huge investments in the development of new charging technologies and penetration in developing nations. Further, merger & acquisition, collaboration, and new product developments are other key strategies adopted by the vehicle OEMs.
Some of the key players operating in the electric vehicle communication controller market are Tesla, Inc., LG Innotek, BYD Auto, Schneider Electric, ABB Ltd., Robert Bosch GmbH, Ficosa International S.A., Mitsubishi Electric, Siemens AG, and Vector.
Tesla, Inc. is an American multinational automotive and clean energy company. It designs, manufactures and sells battery electric vehicles, stationary battery energy storage devices from home to grid-scale, solar panels and solar shingles, and related products and services.
LG Innotek Co., Ltd., an affiliate of LG Group, is an electronic component manufacturer headquartered in Seoul, South Korea. LG Innotek produces core components of mobile devices, semiconductors, automotive displays and smart products.
Recent Developments by Key Players
The state governments of Maharashtra and Gujarat have extended lucrative land offers to Tesla Inc. for the establishment of an electric vehicle (EV) manufacturing plant, signalling a major stride in India's electric mobility landscape.
LG Innotek (South Korean Electronics manufacturer) collaborated with Ansys to enhance its production processes by implementing digital twin technology. This partnership focus to enhance the efficiency of manufacturing electric components and is expected to have a significant impact on various product lines.
Primary Research
VynZ Research conducts extensive primary research to understand the market dynamics, validate market data and have key opinions from the industry experts. The key profiles approached within the industry include, CEO, CFO, CTO, President, Vice President, Product Managers, Regional Heads, and Others. Also, end user surveys comprising of consumers are also conducted to understand consumer behavior.
The Electric Vehicle Communication Controller Market report offers a comprehensive market segmentation analysis and estimates for the forecast period 2025–2030.
Segments Covered in the Report
- System
- Electric Vehicle Communication Controller (EVCC)
- Supply Equipment Communication Controller (SECC)
- Charging Type
- Plug-In
- Inductive
- Electric Vehicle Type
- Battery Electric Vehicle (BEV)
- Plug-In Hybrid Electric Vehicle (PHEV)
- Vehicle Type
- Passenger Car
- Commercial Vehicle
Geographical Segmentation
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific (APAC)
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- Rest of the World (RoW)
- Brazil
- Saudi Arabia
- South Africa
- U.A.E.
- Other Countries
.png "Electric Vehicle Communication Controller Market")
Source: VynZ Research
Source: VynZ Research
Frequently Asked Questions
Purchase Options
Latest Report
Research Methodology
- Desk Research / Pilot Interviews
- Build Market Size Model
- Research and Analysis
- Final Deliverabvle
Connect With Our Sales Team
- Toll-Free: 1 888 253 3960
- Phone: +91 9960 288 381
- Email: enquiry@vynzresearch.com
Electric Vehicle Communication Controller Market