Global Electric Vehicle Communication Controller Market is Set to Reach USD 374.1 million by 2024, Observing a CAGR of 33.6% during 2019–2024

Published Date: Feb, 2020

The global electric vehicle communication controller market is expected to grow at a CAGR of 33.6% during the forecast period with its market size predicted to reach USD 374.1 million by 2024. Increasing penetration of wireless or inductive charging technique will further accelerate the market growth of electric vehicle with a number of benefits will be offered, which including complete autonomy, no need of cables and bulky charging equipment and smaller battery units. This will act as a opportunities for the global electric vehicle communication controller market in near future.  

Plug-In Hybrid Electric Vehicle (PHEV) accounted for a foremost share in the electric vehicle communication controller market in 2018

On the basis of electric vehicle type, the market is subdivided into battery electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV). Of both the EV types, the PHEV accounted for a foremost share in the EVCC market, owing to the hybrid structure which allows user to drive long distance by charging the battery through both regenerative braking and plug-in to an external source of electrical power.

Geography Insight                     

Geographically, APAC, mainly China is the largest electric vehicle communication controller market as 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 up surge the growth of the China electric vehicle communication controller market in years to come.

Competitive Insight

Some of the key players operating in the global 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.

Key Takeaway from the Report:

  • Among all the system, electric vehicle communication controller segment is expected to grow at the fastest rate in the market.
  • Of all the charging type, plug-in charging type accounted for the foremost share in the electric vehicle communication controller market in 2018.
  • Among all the electric vehicle type, the plug-in hybrid electric vehicle accounted for a foremost share in the electric vehicle communication controller market in 2018.
  • Of all vehicle type, passenger car category held the largest share in the electric vehicle communication controller market in 2018.

The Report Offers:

  • Historical market estimate for the years 2014–2018 and forecast for the years 2019–2024
  • Insight on current market trends, market dynamics, key opportunities and major challenges in the industry
  • Market insights by in-depth segmentation with industry dynamics.
  • Competitive analysis and benchmarking of the industry leaders and their product offerings
  • Profiles of leading players and innovators, their financial overview and product portfolio
  • Analysis of key industry trends and recent developments
  • Value chain analysis and distribution channel analysis with opportunity assessment
  • Market share analysis of major players

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The report provides the market value for the base year 2018 and a yearly forecast till 2024 in terms of revenue (USD Million) and volume (Thousand Units). The report segments the global electric vehicle communication controller market on the basis of system, charging type, electric vehicle type, vehicle type and region.

 

Global Electric Vehicle Communication Controller Market Coverage

System Insight and Forecast 2014-2024

  • Electric Vehicle Communication Controller (EVCC)
  • Supply Equipment Communication Controller (SECC)

Charging Type Insight and Forecast 2014-2024

  • Plug-In
  • Inductive

Electric Vehicle Type Insight and Forecast 2014-2024

  • Battery Electric Vehicle (BEV)
  • Plug-In Hybrid Electric Vehicle (PHEV)

Vehicle Type Insight and Forecast 2014-2024

  • Passenger Car
  • Commercial Vehicle

Geographical Segmentation

Electric Vehicle Communication Controller Market by Region

North America

  • By System
  • By Charging Type
  • By Electric Vehicle Type
  • By Vehicle Type
  • By Country – U.S., Canada, and Mexico

Europe

  • By System
  • By Charging Type
  • By Electric Vehicle Type
  • By Vehicle Type
  • By Country – Germany, U.K., France, Spain, Norway, Denmark, Netherlands, Austria, Switzerland, Sweden, and Rest of Europe

Asia-Pacific (APAC)

  • By System
  • By Charging Type
  • By Electric Vehicle Type
  • By Vehicle Type
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By System
  • By Charging Type
  • By Electric Vehicle Type
  • By Vehicle Type
  • By Country – Brazil, South Africa, Saudi Arabia, and Other Countries
Our Industry
Global Electric Vehicle Communication Controller Market is Set to Reach USD 374.1 million by 2024, Observing a CAGR of 33.6% during 2019–2024