Electric Vehicle Communication Controller Market – Global Industry Analysis and Forecast (2022-2029)

Electric Vehicle Communication Controller Market size was valued at 131.28 Mn. in 2022 and the total revenue is expected to grow at 33.8% through 2023 to 2029 Electric Vehicle Communication Controller Market is reaching nearly 1007.90 Mn. By 2029.
Electric Vehicle Communication Controller Market Overview:
Electric vehicle communication controller is used to communicate between the electric vehicle and the charger, allowing for rapid charging. The electric vehicle communication controller not only accepts power from the electric vehicle supply equipment (EVSE), but it also serves as a conduit for data interchange between the car's electronic control unit and the external charger. Many manufacturers are moving toward self-charging battery technology in hybrid automobiles, which, unlike other plug-in electric vehicles, does not require a power outlet or overnight battery charge. With the continued rise of electric vehicles, charging infrastructure, and battery technology, the electric vehicle communication controller has seen rapid evolution.To know about the Research Methodology:- Request Free Sample Report
Electric Vehicle Communication Controller Market Dynamics:
The market for electric vehicle communication controllers has grown as the number of EVs on the road has grown. Additionally, the market for electric vehicle communication controllers is being driven by government concerns about lowering carbon footprints. Also, the desire for quick charging in EVs would fuel market expansion. Furthermore, automakers' efforts to build electric vehicles and electric vehicle communication controllers will help the industry expand. The lack of EV infrastructure, on the other hand, would hinder market growth. Additionally, countries' investments in the development of public EV charging station infrastructure, as well as government subsidies and tax benefits for EV use, would spur market growth.

Electricity is delivered from one magnetic coil in the charger to a second magnetic coil on the automobile via an air gap in wireless charging. As a result, the Plug less firm has begun offering wireless charging for the Tesla Model S, BMW i3, Nissan Leaf, and Chevrolet Volt 1st generation. BMW is also developing a wireless charging pad for its 530e performance hybrid vehicle. Siemens AG is also collaborating with BMW AG on the development of an electric car communication controller for wireless charging.

Benefits that electric vehicles provide, governments are working on increasing their usage. Various governments are investing in infrastructure development and providing tax and other incentives to car owners. For example, the Indian government has granted a total budgetary assistance of Rs 10,000 crore for India's Faster Adoption and Manufacturing of Electric Vehicles (FAME) programme, which will run for three years beginning April 1, 2022. Moreover, OEM investments are supporting the EVCC industry. For example, Tesla, Inc. has deployed more than 15,000 super chargers at 1,600 charging stations throughout the United States, with EVCC allowing vehicle ECU communication with fast-chargers.

The demand for electric vehicle communication controllers is expected to be driven by the development of high-power batteries and the growth of quick charging methods. The growing need for wireless charging convenience and safety, as well as the utilization of vehicle-to-grid (v2g) EV charging stations for electric vehicles, is predicted to propel the electric vehicle communication controller market forward. Many manufacturers have produced self-charging battery systems that may be used while driving a hybrid vehicle or while stationary. These vital characteristics in the electric vehicle communication controller are likely to increase make a successful.
Electric Vehicle Communication Controller Market Segment Analysis:
The Electric Vehicle Communication Controller Market is segmented into System, charging type, Electric vehicle type and Vehicle type.

Based on System, the market is sub-segmented into EV Communication Controller (EVCC), Supply Equipment Communication Controller (SECC). The focus of many EV manufacturers on the development of a vehicle-based communication controller, the vehicle-based communication controller segment dominated the market in 2022. Volkswagen AG, for example, has formed cooperation with ABB Ltd., under which ABB Ltd. will develop vehicle-based communication in several of Volkswagen AG's models. The industry has also been boosted by rising demand for buses for public transit with vehicle-based controllers. As a result of rising demand for advanced charging stations such as EV charging kiosks, the SECC segment is expected to grow at the fastest rate over the forecast period. The Vehicle Identification Number (VID) and access card details are authenticated using EVCC in a charging station. The lack of additional manpower in industrialized countries like the United States, the United Kingdom, and Germany has made it difficult for EV charging station operators to assign customer support representatives during rush hour. The need for a charging kiosk is expected to increase as a result of this. Also, demand for EVCC is expected to be fueled by smart city efforts.

Based on Charging Type, the market is sub-segmented into wired charging and wireless charging. In 2022, the wired charging segment dominated the global electric vehicle communication controller market, attributed to the increasing need for fast-charging, which necessitates car ECUs communicating with EVSEs via a standard protocol. Fast-charging demand has increased in recent years, which is a major driver driving market expansion. Furthermore, rising EVSE and automotive manufacturer attempts to develop and deploy fast chargers in highway charging stations and other public stations are likely to boost EVCC demand. Tesla, Inc., for example, has placed over 15,000 superchargers at 1,600 charging stations across the country, including hotels, roads, wildlife parks, and other public locations, where EVCC allows vehicle ECU communication with fast-chargers.

Based on Electrical vehicle Type, the market is sub-segmented into Battery electric vehicle and Plug-in hybrid electric vehicle. The increased demand for standardization of communication protocols between PHEV and grids, the PHEV sector dominated the market in 2022. PPPs for the establishment of communication standards for electric grids utilized by PHEVs are also fueling industry expansion. American Electric Power Company, Inc., Ford Motor Company, New York Power Authority, Siemens AG, and Sacramento Municipal Utility District, for example, created the Smart Grid Interoperability Panel (SGIP). The SGIP is working on a standard for facilitating communication between grids and plug-in hybrid electric vehicles.

The BEV segment is expected to have the greatest CAGR of xx% over the forecast period. Because of increased government attempts to promote BEVs and the development of vehicle-based communication controllers, market demand for BEVs is predicted to skyrocket. For example, the Swiss government provided ABB, Ltd. USD 850 million in funding for the development of EVCC for BEVs. In addition, technologies like Radio Frequency Identification (RFID) and Near-Field Communication (NFC) have made interactive, kiosk-based, and self-operated highway charging stations possible. Over the forecast period, this is expected to drive demand for EVCC.
Electric Vehicle Communication Controller Market Regional Analysis:
In 2022, Europe dominated the market due to strong demand for EVCC as a result of growing government initiatives in the region to create electric highways. Norway to Italy Electric Highway, for example, was developed by the governments of Norway, Germany, France, Sweden, the United Kingdom, Denmark, and Italy. It consists of 180 fast-charging stations that require EVCC to establish grid-to-EV connectivity. The increasing focus of European oil firms such as BP Plc and Royal Dutch Shell Plc on placing electric car chargers across their massive gasoline and gas station networks has greatly boosted demand for EVCC. Moreover, demand for EVCC has risen dramatically as a result of the region's concentration on the establishment of zero or low-emission zones, which include charging stations.

Over the forecast period, Asia Pacific is expected to have the highest CAGR. The rising emphasis by various governments on supporting charging infrastructure has encouraged many start-ups as well as major global players to develop innovative charging solutions, which is driving the market. Various governments in the region are putting a strong emphasis on expanding charging infrastructure, which bodes well for the market's growth. For example, in 2017, South Korea announced a USD 180.3 million investment to enhance EV charging infrastructure across the country. Governments in nations like China and South Korea are working on developing national and international regulatory frameworks to support charging infrastructure, which is fueling EVCC market demand.

The objective of the report is to present a comprehensive analysis of the global Electric Vehicle Communication Controller Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps understand the global Electric Vehicle Communication Controller Market dynamics and structure by analyzing the market segments and projects the global Electric Vehicle Communication Controller Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Electric Vehicle Communication Controller Market make the report investor’s guide.
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Global Electric Vehicle Communication Controller Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 131.28 Mn.


Forecast Period 2023 to 2029 CAGR:
33.8%
Market Size in 2029:
US $ 1007.90 Mn.


 Segments Covered:
by System
• EV Communication Controller (EVCC)
• Supply Equipment Communication Controller (SECC)


by Vehicle Type
• Passenger Vehicle
• Commercial Vehicle


by Charging Type
• Wired Charging (Plug-In)
• Wireless Charging (Inductive Charging)


by Electrical Vehicle Type
• Battery Electric Vehicle (BEV)
• Plug-In Hybrid Electric Vehicle



Electric Vehicle Communication Controller Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Electric Vehicle Communication Controller Market Key Players
• LG Innotek
• Tesla
• BYD Auto
• Schneider Electric
• ABB
• Ficosa
• Leviton
• Blink Charging
• Clippercreek
• Semaconnect
• Webasto
• Bosch
• Vector
• Siemens
• Efacec
• Engie
• Mitsubishi Electric
• Opconnect
• Evgo
• Volta
• EV Safe Charge
• Chargepoint
• Pulse Charge
• BP Chargemaster
• Pod Point
• ECOG
• New Motion B.V
• Alfen
• Allego
• Ionity
• Wallbox
• Heliox
Frequently Asked Questions:
1) What was the market size of the Electric Vehicle Communication Controller Market in 2022?
Ans - Electric Vehicle Communication Controller Market was worth US$ 131.28 Mn. in 2022.

2) What is the market segment of the Electric Vehicle Communication Controller Market?
Ans -The market segments are based on System, Charging type, Vehicle type and Electrical vehicle type.

3) What is the forecast period considered for Electric Vehicle Communication Controller Market?
Ans -The forecast period for Electric Vehicle Communication Controller Market is 2023 to 2029.

4) What is the Electric Vehicle Communication Controller Market size in 2029?
Ans –Electric Vehicle Communication Controller Market is estimated as worth US$ 1007.90 Mn

5) Which region is dominated in Global Electric Vehicle Communication Controller Market?
Ans -In 2022, the Europe region dominated the Global Electric Vehicle Communication Controller Market