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.
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.
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.
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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
Charging Type Insight and Forecast 2014-2024
Electric Vehicle Type Insight and Forecast 2014-2024
Vehicle Type Insight and Forecast 2014-2024
Electric Vehicle Communication Controller Market by Region
Rest of the World (RoW)