PUBLISHER: The Business Research Company | PRODUCT CODE: 1465750
PUBLISHER: The Business Research Company | PRODUCT CODE: 1465750
An electric vehicle communication controller (EVCC) is a device designed to manage communication between an electric vehicle and its associated charging infrastructure. This controller utilizes various communication protocols to coordinate the charging process, ensuring optimal performance and efficiency during the charging session. The primary role of EVCCs is to facilitate seamless integration and interoperability within electric vehicle charging networks, allowing for standardized communication and efficient charging operations.
The main systems of electric vehicle communication controllers include vehicle-based communication controllers and supply equipment communication controllers. These controllers encompass various charging types, such as wired charging and wireless charging. They also consider different electric vehicle types, including battery electric vehicles (BEV) and plug-in hybrid electric vehicles (PHEV). Moreover, electric vehicle communication controllers cater to both passenger vehicles and commercial vehicles, ensuring comprehensive communication and coordination within the diverse landscape of electric mobility.
The electric vehicle communication controller market research report is one of a series of new reports from The Business Research Company that provides electric vehicle communication controller market statistics, including electric vehicle communication controller industry global market size, regional shares, competitors with electric vehicle communication controller market share, detailed electric vehicle communication controller market segments, market trends, and opportunities, and any further data you may need to thrive in the electric vehicle communication controller industry. This electric vehicle communication controller market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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 expansion observed in the historical period can be attributed to several factors, including the rising adoption of electric vehicles, government regulations and incentives supporting electric mobility, and the increasing demand for connected and autonomous vehicles. These factors collectively contributed to the growth of electric vehicle communication controllers during the historic period.
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 anticipated growth in the forecast period can be attributed to factors such as resilience to oil price volatility, a shift in automotive industry dynamics towards electric vehicles, consumer preference for connectivity features, and an increased focus on smart cities and sustainable urban mobility. Key trends expected in the forecast period include heightened connectivity, integration with 5G technology, incorporation of artificial intelligence (AI) and machine learning, adoption of modular and scalable designs, and the utilization of edge computing in electric vehicle communication controllers.
The electric vehicle communication controller (EVCC) market is expected to experience growth due to the increasing demand for electric vehicles (EVs). EVs, propelled by electric motors and powered by rechargeable batteries, are gaining popularity among consumers due to environmental awareness and long-term cost savings. As the demand for EVs rises, the electric vehicle communication controller plays a crucial role as the central communication hub within these vehicles. The EVCC facilitates data exchange between various vehicle components, charging infrastructure, and external systems, ensuring the efficient and safe operation of the electric propulsion system.
In June 2023, reports from a Europe-based autonomous intergovernmental organization indicated that the share of electric cars in total sales had more than tripled in three years, increasing from around 4% in 2020 to 14% in 2022. This growth reflects the increasing adoption of electric vehicles globally, contributing to the demand for electric vehicle communication controllers.
Major companies in the electric vehicle communication controller market are focusing on innovative solutions such as e-platforms to meet the growing demand. E-platforms are highly integrated platforms designed for use with fully electric vehicles, emphasizing safety, efficiency, intelligence, and aesthetics. For example, BYD Auto Co., a Chinese automotive company, launched the e-platform 3.0 for electric vehicles in September 2021. This platform features blade batteries, an independent BYD OS development process, and an integrated 8-in-1 electric powertrain, catering to various vehicle configurations from A-class to D-class models.
In June 2022, Nuvve Holding Corporation, a US-based cleantech company, partnered with Switch EV to enhance EV and charging platforms. By combining Switch's charging management platform with Nuvve's vehicle-to-grid (V2G) GIVe platform, the collaboration aims to improve EVs, charging stations, and the overall grid. Switch EV, based in the UK, specializes in electric vehicles, particularly buses and vans.
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
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.
The countries covered in the electric vehicle communication controller market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The electric vehicle communication controller market consists of revenues earned by entities providing services such as communication interfaces, control units, billing, and authentication module services. The market value includes the value of related goods sold by the service provider or included within the service offering. The maritime satellite communication market also includes sales of charging fees, subscription models, and communication interfaces. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Electric Vehicle Communication Controller Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on electric vehicle communication controller market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for electric vehicle communication controller ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The electric vehicle communication controller market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.