Overview and Scope
An electric vehicle communication controller is a device that manages the communication between an electric vehicle and its associated charging infrastructure. It uses various communication protocols to coordinate the charging process, ensuring optimal performance and efficiency. EVCCs ensure seamless integration and interoperability within electric vehicle charging networks.
Sizing and Forecast
The electric vehicle communication controller market size has grown exponentially in recent years. It will grow from $0.13 billion in 2023 to $0.17 billion in 2024 at a compound annual growth rate (CAGR) of 35.9%. The growth in the historic period can be attributed to rising adoption of electric vehicles, government regulations, and incentives, and increasing demand for connected and autonomous vehicles.
The electric vehicle communication controller market size is expected to see exponential growth in the next few years. It will grow to $0.53 billion in 2028 at a compound annual growth rate (CAGR) of 32.4%. The growth in the forecast period can be attributed to resilience to oil price volatility, a shift in automotive industry dynamics, consumer preference for connectivity, and a focus on smart cities. Major trends in the forecast period include increased connectivity, 5G integration, AI and machine learning integration, modular and scalable designs, edge computing.
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Segmentation & Regional Insights
The electric vehicle communication controller market covered in this report is segmented –
1) By System: Vehicle-based Communication Controller, Supply Equipment Communication Controlled
2) By Charging Type: Wired Charging, Wireless Charging
3) By Electric Vehicle Type: Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV)
4) By Application: Passenger Vehicle, Commercial Vehicle
North America was the largest region in the electric vehicle communication controller market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electric vehicle communication controller market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing demand for electric vehicles is expected to propel the growth of the electric vehicle communication controller market going forward. Electric vehicles (EVs) are automobiles that are propelled by one or more electric motors, using electrical energy stored in rechargeable batteries. With increasing awareness among consumers about the benefits of electric vehicles, both in terms of environmental impact and long-term cost savings, in turns to boost the demand of EV. Electric vehicle communication controller (EVCC) serves as the central communication hub in electric vehicles, facilitating data exchange between various vehicle components, charging infrastructure, and external systems, ensuring efficient and safe operation of the vehicle's electric propulsion system. For instance, in June 2023, according to reports published by a Europe-based autonomous intergovernmental organization, the share of electric cars in total sales had more than tripled in three years, from around 4% in 2020 to 14% in 2022. Therefore, the growing demand for electric vehicles is expected to propel the growth of the electric vehicle communication controller market going forward.
Key Industry Players
Major companies operating in the electric vehicle communication controller market are Tesla Inc., Siemens AG, BYD Company Limited, Schneider Electric SE, Bosch GmbH, ABB Ltd., Eaton Corporation, Delta Electronics Inc., Webasto Charging Systems Inc., Phoenix Contact GmbH & Co. KG, Wallbox Chargers SL, Enel X, EVBox Group, Pod Point Ltd., ChargePoint Inc., Blink Charging Co., EVgo Services LLC, Efacec Power Solutions, Noodoe Corporation, WiTricity Corporation, EV Connect Inc., Ubitricity GmbH, Tritium Pty Ltd., Chakratec Ltd., JuiceBar EV Charging, DBT-CEV, ClipperCreek Inc
The electric vehicle communication controller market report table of contents includes:
1. Executive Summary
2. Electric Vehicle Communication Controller Market Characteristics
3. Electric Vehicle Communication Controller Market Trends And Strategies
4. Electric Vehicle Communication Controller Market - Macro Economic Scenario
5. Global Electric Vehicle Communication Controller Market Size and Growth
.....
32. Global Electric Vehicle Communication Controller Market Competitive Benchmarking
33. Global Electric Vehicle Communication Controller Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Electric Vehicle Communication Controller Market
35. Electric Vehicle Communication Controller Market Future Outlook and Potential Analysis
36. Appendix
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The global electric vehicle communication controller (EVCC) market size is expected to reach USD 436.5 million by 2026, registering a CAGR of 32.5% from 2020 to 2026, according to a new report by Radiant Insights, Inc.
Download Free Sample Report @ https://www.radiantinsights.com/research/electric-vehicle-communication-controller-market/request-sample On-going developments in wireless charging technology for EVs and associated safety concerns are significantly contributing to the growing demand for EVCC.
Various Original Equipment Manufacturers (OEMs) and automotive manufacturers have established partnerships for the development of EVCC and incorporating EVCC in wireless charging technology.
For instance, Enide, AB Volvo, Continental AG, and HELLA GmbH & Co. KGaA have collaborated on the UNPLUGGED project aimed at development of wireless charging technology.
Rise in the number of EVs is fueling the demand for Vehicle-to-Grid (V2G) technology, through which the automobiles can recharge their battery and simultaneously send back electric energy into the grid, when there is a surge in demand.
Governments in countries such as U.S., China, and Germany are collaborating with various academic institutions such as Sandia National Laboratories and the University of Delaware for the development of V2G technology.
