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The global electric vehicle communication controller market was valued at USD 130.40 million in 2023 and is expected to grow at a CAGR of 35% during the forecast period 2024-2032 to reach USD 1943.15 million by 2032.
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The market growth is driven by the rising demand for electric vehicles. The increasing demand for fast charging is expected to drive the electric vehicle communication controller industry in the passenger vehicle segment.
The electric vehicle communication controller is a key element facilitating communication between a vehicle and an electric vehicle charger for rapid charging. The electric vehicle communication controller acts as a medium for the exchange of information between an internal battery and the ECU of the vehicle.
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The market can be broadly categorised based on systems, charging types, and electric vehicle types.
Based on systems, the market can be divided into:
Based on charging types, the market can be segmented into:
Based on electric vehicle type, the market is segmented into:
The EMR report looks into the regional markets of electric vehicle communication controller like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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In the commercial vehicle segment, the electric vehicle communication controller industry is expected to grow significantly as these vehicles are used for long-distance transport and delivery of heavy loads and require high range and reliability. In these cars, the electric vehicle communication controller can play a crucial role as it will help to charge the engine rapidly. The increasing sales of electric buses have contributed to the growth of the segment of electric buses, especially in China. It is expected that several countries will replace their current fuel-based bus fleet with electric buses. The increasing trend of replacing fossil-fuel-based public transport fleet with electric buses is expected to drive the growth of the commercial electric vehicles market, further fuelling the growth of the electric vehicle communication controller industry.
The report presents a detailed analysis of the following key players in the global electric vehicle communication controller industry, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by System |
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Breakup by Charging Type |
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Breakup by Electric Vehicle Type |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global electric vehicle communication controller market attained a value of nearly USD 130.40 million.
The market is projected to grow at a CAGR of 35% between 2024 and 2032.
The major drivers of the market include the increasing sales of electric buses, growth in battery technology, rising investments of automakers in electric vehicles, and support and initiatives of various governments.
The increasing replacement of fossil-fuel-based public transport fleets with electric buses, rising demand for electric vehicles, and increasing demand for fast charging are the key trends propelling the market’s growth.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and Asia Pacific.
Based on system, the electric vehicle communication controller market can be divided into EV communication controller (EVCC) and supply equipment communication controller (SECC).
The charging types are wired charging (plug-in) and wireless charging (inductive charging).
The types of electric vehicles are battery electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV).
The major players in the market are Vector Informatik GmbH, LG Innotek, AKKA Technologies Group, and Robert Bosch GmbH, among others.
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