The Global Electric Vehicle Communication Controller Market is Estimated to Grow from USD 55 Million in 2019 to USD 563 Million by 2027, at a CAGR of 33.8%.
This market study covers the electric vehicle communication controller market across segments.
It aims to estimate the market size and future growth potential of this market across different segments such as vehicle type, system type, electric vehicle type, charging type, and region.
The study also includes an in-depth competitive analysis of the key players in the market along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
The electric vehicle communication controller market comprises major manufacturers such as LG Innotek (South Korea), Tesla (US), BYD Auto (China), Schnider Electric (France), and ABB (Switzerland).
Increasing demand for electric vehicles and advancements in charging solutions are driving the growth of the electric vehicle communication controller market globally
Increased emphasis on reduction in carbon emission is expected to boost the usage of electric vehicles. The increasing demand for electric vehicles will, in turn, fuel the growth of components such as electric vehicle communication controller (EVCC) that helps to normalize the current flowing from the charger to electric vehicle. EVCC communicates with the supply equipment communication controller (SECC) on the charger.
Growth of e-commerce, logistics, and electrification of public transport is likely to propel the growth of the commercial vehicle segment during the forecast period
The commercial vehicle is the fastest-growing segment of the EVCC market. The market for EVCC is expected to grow significantly in the commercial vehicle segment as these vehicles are used for transporting and delivering heavy loads over long distance and require high range and reliability. EVCC will play a crucial role in these vehicles as it will help in fast charging of the vehicle. Increasing sales of electric buses, particularly in China, has contributed to the growth of the electric bus segment. In the near future, several countries are expected to replace their existing fuel-based bus fleet with electric buses. The increasing trend of replacement of fossil fuel-based public transport fleet with electric buses will drive the growth of electric commercial vehicles during the forecast period.
Asia-Pacific market is expected to register the highest growth during the forecast period
The Asia-Pacific market is expected to witness the highest growth, followed by North America and Europe. It is also estimated to be the largest market during the forecast period. Market experts predict EVs would account for the largest market share in China by 2025, which would drive the growth of the Asia-Pacific market. China is estimated to be the largest market in the region. The increasing popularity of compact EVs will propel the market for EVCC in the future.
North America is expected to be the second-largest market during the forecast period
North America is expected to be the second-largest market, followed by Europe. It comprises developed countries such as the US and Canada. North America is a regional hub for many renowned OEMs known for delivering quality and high-performance vehicles. OEMs in North America such as Tesla and GM focus on the development of faster, cleaner, and high-performance electric vehicles. The US holds the largest market share in the North American electric vehicle sales.
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities in the EV Communication Controller Market 4.2 EV Communication Controller Market, By Region 4.3 EV Communication Controller Market, By Vehicle Type 4.4 EV Communication Controller Market, By System 4.5 EV Communication Controller Market, By EV Type
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Government Incentives and Support Toward Electric Vehicles 5.2.1.2 Heavy Investments By Automakers in Evs 5.2.2 Restraints 5.2.2.1 Lack of Standardization in Charging Infrastructure 5.2.3 Opportunities 5.2.3.1 Increasing Demand for Wireless Charging Safety and Convenience 5.2.3.2 Use of Vehicle-To-Grid (V2g) EV Charging Stations for Electric Vehicles 5.2.4 Challenges 5.2.4.1 Developing Fail-Safe Electric Vehicle Components 5.2.4.2 Stringent Rules for Installation of Charging Stations
6 EV Communication Controller Market, By System 6.1 Introduction 6.2 Research Methodology 6.3 EV Communication Controller (EVCC) 6.3.1 Demand for Higher Range in Electric Vehicle has Boosted the Demand for EV Communication Controller 6.4 Supply Equipment Communication Controller (SECC) 6.4.1 Increasing Demand for Safety While Fast Charging is Estimated to Increase the Demand for SECC 6.5 Key Primary Insights
7 Electric Vehicle Communication Control Market, By Charging Type 7.1 Introduction 7.2 Research Methodology 7.3 Wired Charging (Plug-In) 7.3.1 Multiple Type of Charging Standards Across the Globe has Impacted the Demand for EVCC in Positive Way 7.4 Wireless Charging (Inductive Charging) 7.4.1 Factors Such as Convenience While Charging Will Boost the Market for Wireless Charging and Subsequently for the Communication Controller Market 7.5 Key Primary Insights
8 Electric Vehicle Communication Control Market, By Electric Vehicle Type 8.1 Introduction 8.2 Research Methodology 8.3 Battery Electric Vehicle (BEV) 8.3.1 Increasing Range Per Charge and Battery Capacity in the BEV Will Drive the Market for EVCC 8.4 Plug-In Hybrid Electric Vehicle (PHEV) 8.4.1 Longer Range Provide By PHEV Will Drive the Market for EVCC for PHEVs in Coming Future 8.5 Key Primary Insights
9 EV Communication Controller Market, By Vehicle Type 9.1 Introduction 9.2 Research Methodology 9.3 Passenger Car (PC) 9.3.1 PC is Estimated Account for the Highest Market Share of EVCC Market By Vehicle Type 9.4 Commercial Vehicles (CV) 9.4.1 Increasing Usage of Electric Buses Across the Globe Will Drive the Market for EVCC in Commercial Vehicle 9.5 Key Primary Insights
10 EV Communication Controller Market, By Region 10.1 Introduction 10.2 Asia Pacific 10.2.1 China 10.2.1.1 China to Hold the Largest Market Size in Globally for EVCC Market 10.2.2 India 10.2.2.1 Government Initiative to Adopt the Electric Vehicle Will Boost the Market for EVCC in India 10.2.3 Japan 10.2.3.1 Innovative Electric Vehicle From Companies Such as Honda, Nissan and Mitsubishi Will Drive the Market for EVCC in Japan 10.2.4 South Korea 10.2.4.1 Growing Electric Vehicle Charging Infrastructure Will Drive the Demand for EV Communication Controller Market 10.3 Europe 10.3.1 France 10.3.1.1 Strong Focus on Emission Reduction in the Country Will Drive the Market for Electric Vehicle and Subsequently for the EVCC 10.3.2 Germany 10.3.2.1 Germany to Lead the European Electric Vehicle Communication Market 10.3.3 Netherlands 10.3.3.1 Plan to Phase Out All Ice Vehicle By 2035 is Driving the Demand for EV Communication Controller Market in Netherland 10.3.4 Norway 10.3.4.1 Highest Pev Percentage Sales in the World Will Boost the Market for EVCC in Norway 10.3.5 Sweden 10.3.5.1 Strong EV Infrastructure Will Boost the Demand 10.3.6 UK 10.3.6.1 Second Largest Car Manufacturer in Europe is Estimated to Have Significant Market Share in European EVCC Market 10.3.7 Denmark 10.3.7.1 Multiple Subsidies to Electric Vehicle Owner Will Impact the EVCC Market Significantly in Denmark 10.3.8 Austria 10.3.8.1 Government Initiative for Electric Vehicle Sales Will Boost the Market for EVCC in Austria 10.3.9 Spain 10.3.9.1 EVCC Market is Estimated to Grow at the Highest CAGR for Europe Region, During the Forecast Period 10.3.10 Switzerland 10.3.10.1 Switzerland to Grow at the Significant CAGR for EVCC Market, During the Forecast Period 10.4 North America 10.4.1 Canada 10.4.1.1 Subsidies and Tax Exemptions on Electric Vehicle Will Play A Major Role in the Growth for EV Communication Controller Market in Canada 10.4.2 US 10.4.2.1 US to Hold the Largest Market Size in North American Market
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