Electric Vehicle Communication Controller Market by System (Vehicle-Based, Supply Equipment), Charging Type (Wired, Wireless), Electric Vehicle Type (Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV)), Application (Passenger Vehicle, Commercial Vehicle), And Region for 2024-2031
Report ID: 33919|No. of Pages: 202
Electric Vehicle Communication Controller Market by System (Vehicle-Based, Supply Equipment), Charging Type (Wired, Wireless), Electric Vehicle Type (Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV)), Application (Passenger Vehicle, Commercial Vehicle), And Region for 2024-2031
Electric Vehicle Communication Controller Market Valuation – 2024-2031
Electric Vehicle Communication Controller Market size was valued at USD 207.23 Million in 2024 and is projected to reach USD 2115.91 Million by 2031, growing at a CAGR of 33.7% from 2024 to 2031.
Growing requirement for efficient communication systems in electric vehicles is propelling the electric vehicle communication controller (EVCC) market, necessitating the use of compact and durable controllers. The Electric Vehicle Communication Controller (EVCC) market is expanding fast in response to the need for smooth communication between vehicles and charging infrastructure.
Electric Vehicle Communication Controller Market: Definition/ Overview
An Electric Vehicle Communication Controller (EVCC) is an essential component of electric cars (EVs) that enables communication between the vehicle and charging infrastructure. Essentially, it acts as an intermediary device between the EV and the charging station, facilitating the flow of information about charging procedures, power levels, and authentication. The EVCC maintains compatibility and safety during the charging process by coordinating communication signals and protocols, resulting in efficient and secure charging sessions.
Furthermore, the applications of Electric Vehicle Communication Controllers are important to the widespread acceptance and seamless operation of electric vehicles. EV owners access charging stations regardless of the manufacturer due to EVCCs, which first enable compatibility between various EV models and charging infrastructure. This enhances convenience and accessibility, two important aspects in increasing EV adoption.
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What Factors are Propelling the Growth of the Market?
There is a global initiative to cut carbon emissions and battle climate change, with the transportation sector identified as a key source of greenhouse gas emissions. Governments throughout the world are enacting policies to encourage electric vehicle adoption, such as setting EV sales targets, providing incentives for EV purchasers, and investing in EV infrastructure. As EV usage expands, so does the demand for crucial components such as EV communication controllers, which allow EVs and charging stations to communicate more easily. The global march towards electrification directly drives demand for EVCCs.
The extension and improvement of EV charging infrastructure are critical for supporting the growing number of electric vehicles on the road. There has been a huge investment in both public and commercial charging stations, including fast-charging stations that require sophisticated communication controllers to handle the charging process effectively. The growth of smart charging networks, which rely on EVCCs for features like load control and billing, is driving up demand for these components. As infrastructure becomes more complicated and extensive, EVCCs play a more important role, in driving market growth.
Furthermore, the EVCC market is also fueled by ongoing technology advancements targeted at enhancing EV performance, safety, and usability. Advanced communication controllers are required for developments like as wireless charging, vehicle-to-grid (V2G) technology, and enhanced battery management systems. These technologies necessitate reliable and effective communication between the car and the charging infrastructure or power grid, guaranteeing that EVs may be charged safely, swiftly, and conveniently
How Does High Development and Implementation Costs Impact the Market?
The research, development, and implementation of modern EVCC technologies are expensive. This includes the price of implementing new communication technologies, assuring interoperability with a diverse variety of vehicles and charging infrastructure, and resolving cybersecurity concerns.
Also, the requirement for ongoing updates and maintenance to stay up with technology changes and standards drives increasing expenses. These financial hurdles are especially formidable for smaller producers, slowing the rate of innovation and acceptance of new technologies in the EVCC market.
Furthermore, the absence of common communication protocols and interfaces across various manufacturers of electric vehicles (EVs) and charging infrastructure poses a significant obstacle to the EVCC market. This lack of standardization causes compatibility concerns, making it difficult for electric vehicles to communicate properly with varied charging stations. It also impedes the integration of EVs into the larger energy grid, particularly for advanced applications such as vehicle-to-grid (V2G) connectivity. Efforts are being made to create and accept international standards, but attaining global consensus and implementation remains an important challenge.
Category-Wise Acumens
How Maturity and Infrastructure are Driving the Wired Charging Segment?
According to VMR Analysis, the wired charging segment dominated the market during the forecast period. Wired charging technology is more developed and widely used than its wireless equivalent. Most regions have a far more developed and accessible wired charging infrastructure, including public charging stations and home charging setups. This broad infrastructure serves a wider user base, ensuring the wired charging segment’s continuous expansion and supremacy. Consumers regard cable charging as a dependable and convenient choice due to its widespread availability and the direct physical connection it provides, which often allows for higher charging speeds.
In general, wired charging solutions cost less to produce, install, and maintain than wireless charging systems. The cheaper cost of wired charging infrastructure, together with its increased efficiency, makes it a more appealing alternative for both the public and commercial sectors. For customers, the lower cost of wired charging connections and equipment compared to more technologically complex wireless charging methods plays an important role in their widespread acceptance. This cost advantage is critical for both initial charging station installation and future scaling of EV charging networks.
Furthermore, wired charging technology, particularly with the introduction of fast-charging DC chargers, provides far quicker charging speeds than wireless solutions. This is an important consideration for EV owners who value the convenience of fast recharging their vehicles, particularly for lengthy trips or for commercial applications where vehicle uptime is key. The direct connection offered by wired charging reduces energy loss, making it more effective than wireless charging, which might suffer from efficiency losses due to factors such as alignment issues and distance between the charging pad and the automobile.
What Factors Contribute to the Dominance of the Passenger Car Segment in the Market?
The passenger vehicle segment is estimated to dominate the Electric Vehicle Communication Controller Market during the forecast period. Individual consumer adoption of electric cars (EVs) has increased significantly in the global market, owing to increased environmental consciousness, government incentives, and technological breakthroughs. This surge in customer interest has increased the manufacture and sales of electric passenger vehicles, driving demand for EV communication controllers, which are required to manage the charging process between the vehicle and the charging infrastructure.
Furthermore, governments around the world have implemented a variety of regulations and incentives to stimulate the adoption of electric vehicles, focusing particularly on the passenger vehicle market. These incentives include tax breaks, subsidies, lower registration fees, and investments in EV charging infrastructure, which make EVs more appealing to individual consumers. These laws are intended not only to cut carbon emissions but also to encourage the local EV market, hence affecting demand for EVCCs in passenger vehicles.
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Country/Region-wise Acumens
How Does the Rapid Growth of the Automotive Industry Support the Market in Asia Pacific?
According to VMR Analyst, Asia Pacific is estimated to dominate the Electric Vehicle Communication Controller Market during the forecast period. The Asia Pacific region has emerged as the world’s largest market for electric vehicles, due to strong demand in China, Japan, and South Korea. The growing consumer awareness of environmental issues, combined with rising income levels, has resulted in a higher adoption rate of EVs in the region. This strong demand is fueled by a thriving local market for EVs and EV components, such as communication controllers, which are required to operate electric vehicles. The high local demand drives producers to innovate and expand their product offerings, reinforcing the region’s supremacy in the EVCC market.
Furthermore, many countries in the Asia-Pacific region have developed favorable laws and incentives to encourage the use of electric vehicles. These policies frequently involve subsidies for EV purchases, tax breaks, and investments in EV infrastructure, such as charging stations. Countries such as China, Japan, and South Korea have been at the forefront of these projects, which seek to reduce carbon emissions and reduce reliance on imported oil. These favorable policies have hastened the development and implementation of EVs and related technologies, like EV communication controllers, which are critical to the charging process.
How Does the Regulatory Landscape in North America Impact the Market?
The introduction of various programs and incentives by the US and Canada is intended to encourage the uptake of electric vehicles and the construction of EV infrastructure. These include tax rebates for EV buyers, grants for the creation of EV charging infrastructure, and severe emission standards that force automakers to electrify. Such regulations not only encourage EV adoption among consumers but also drive investment in the technology and infrastructure required to facilitate this transformation, including EVCCs.
Furthermore, North America is home to some of the world’s leading technological businesses and automakers, many of whom are substantially investing in electric car technology and infrastructure. This region has emerged as a hotbed of innovation in EV and EVCC technologies, with considerable research and development activities targeted at improving their efficiency, dependability, and affordability. The presence of pioneering businesses such as Tesla has also fueled industry competition and innovation, accelerating the expansion of the North American EVCC market.
Competitive Landscape
The Electric Vehicle Communication Controller Market is characterized by fierce rivalry, with many firms vying for a foothold in this competitive industry. Technological improvements, regulatory compliance, and an increasing emphasis on sustainability all influence the competitive landscape.
Some of the prominent players operating in the Electric Vehicle Communication Controller Market include:
Texas Instruments Incorporated, Infineon Technologies AG, NXP Semiconductors N.V., Robert Bosch GmbH, Renesas Electronics Corporation, STMicroelectronics International N.V., Microchip Technology Incorporated, Analog Devices, Denso Corporation, Continental AG, Valeo SA, BorgWarner Inc, Hitachi Ltd, Mitsubishi Electric Corporation, Hyundai Mobis Co., LG Electronics Inc.
Latest Developments
- In March 2024, NXP announced a collaboration with a top electric car manufacturer to create a new, high-performance EVCC solution. This solution prioritizes increased efficiency, faster data processing, and advanced security features for next-generation electric vehicles.
- In March 2024, Texas Instruments demonstrated their latest EVCC chipset at a major automotive technology conference. The new chipset has decreased power consumption, allowing for greater electric vehicle range and enhanced overall system performance.
Electric Vehicle Communication Controller Market Segmentation Analysis
The Global Electric Vehicle Communication Controller Market is Segmented on the Basis of System, Charging Type, Electric Vehicle Type, Application, And Geography.
By System:
- Vehicle-Based Communication Controller
- Supply Equipment Communication Controller (SECC)
By Charging Type:
- Wired Charging
- Wireless Charging
By Electric Vehicle Type:
- Battery Electric Vehicle (BEV)
- Plug-In Hybrid Electric Vehicle (PHEV)
By Application:
- Passenger Vehicle
- Commercial Vehicle
By Geography:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2021-2031 |
| BASE YEAR | 2024 |
| FORECAST PERIOD | 2024-2031 |
| Historical Period | 2021-2023 |
| UNIT | Value (USD Million) |
| KEY COMPANIES PROFILED | Texas Instruments Incorporated, Infineon Technologies AG, NXP Semiconductors N.V., Robert Bosch GmbH, Renesas Electronics Corporation, STMicroelectronics International N.V., Microchip Technology Incorporated |
| SEGMENTS COVERED | System, Charging Type, Electric Vehicle Type, Application, And Geography |
| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Research Methodology of Verified Market Research:
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Reasons to Purchase this Report
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.
- Provision of market value (USD Billion) data for each segment and sub-segment.Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market.
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region.
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players.
- The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions.
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis.
- It provides insight into the market through Value Chain.
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Frequently Asked Questions
1. INTRODUCTION OF GLOBAL ELECTRIC VEHICLE COMMUNICATION CONTROLLER MARKET
1.1. Introduction of the Market
1.2. Scope of Report
1.3. Assumptions
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1. Data Mining
3.2. Validation
3.3. Primary Interviews
3.4. List of Data Sources
4. GLOBAL ELECTRIC VEHICLE COMMUNICATION CONTROLLER MARKET OUTLOOK
4.1. Overview
4.2. Market Dynamics
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.3. Porter Five Force Model
4.4. Value Chain Analysis
5. GLOBAL ELECTRIC VEHICLE COMMUNICATION CONTROLLER MARKET, BY SYSTEM
5.1. Overview
5.2. Vehicle-Based Communication Controller
5.3 Supply Equipment Communication Controller (SECC)
6. GLOBAL ELECTRIC VEHICLE COMMUNICATION CONTROLLER MARKET, BY CHARGING TYPE
6.1. Overview
6.2. Wired Charging
6.3. Wireless Charging
7. GLOBAL ELECTRIC VEHICLE COMMUNICATION CONTROLLER MARKET, BY ELECTRIC VEHICLE TYPE
7.1. Overview
7.2. Battery Electric Vehicle (BEV)
7.3. Plug-In Hybrid Electric Vehicle (PHEV)
8. GLOBAL ELECTRIC VEHICLE COMMUNICATION CONTROLLER MARKET, BY APPLICATION
8.1. Overview
8.2. Passenger Vehicle
8.3. Commercial Vehicle
9. GLOBAL ELECTRIC VEHICLE COMMUNICATION CONTROLLER MARKET, BY GEOGRAPHY
9.1. Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. U.K.
9.3.3. France
9.3.4. Rest of Europe
9.4. Asia Pacific
9.4.1. China
9.4.2. Japan
9.4.3. India
9.4.4. Rest of Asia Pacific
9.5. Rest of the World
9.5.1. Latin America
9.5.2. Middle East & Africa
10. GLOBAL ELECTRIC VEHICLE COMMUNICATION CONTROLLER MARKET COMPETITIVE LANDSCAPE
10.1. Overview
10.2. Company Market Ranking
10.3. Key Development Strategies
11. COMPANY PROFILES
11.1. Texas Instruments Incorporated
11.1.1. Overview
11.1.2. Financial Performance
11.1.3. Product Outlook
11.1.4. Key Developments
11.2. Infineon Technologies AG
11.2.1. Overview
11.2.2. Financial Performance
11.2.3. Product Outlook
11.2.4. Key Developments
11.3. NXP Semiconductors N.V.
11.3.1. Overview
11.3.2. Financial Performance
11.3.3. Product Outlook
11.3.4. Key Developments
11.4. Robert Bosch GmbH
11.4.1. Overview
11.4.2. Financial Performance
11.4.3. Product Outlook
11.4.4. Key Developments
11.5. Renesas Electronics Corporation
11.5.1. Overview
11.5.2. Financial Performance
11.5.3. Product Outlook
11.5.4. Key Developments
11.6. STMicroelectronics International N.V.
11.6.1. Overview
11.6.2. Financial Performance
11.6.3. Product Outlook
11.6.4. Key Developments
11.7. Microchip Technology Incorporated
11.7.1. Overview
11.7.2. Financial Performance
11.7.3. Product Outlook
11.7.4. Key Developments
11.8. Analog Devices
11.8.1. Overview
11.8.2. Financial Performance
11.8.3. Product Outlook
11.8.4. Key Developments
11.9. Denso Corporation
11.9.1. Overview
11.9.2. Financial Performance
11.9.3. Product Outlook
11.9.4. Key Developments
11.10.Continental AG
11.10.1. Overview
11.10.2. Financial Performance
11.10.3. Product Outlook
11.10.4. Key Developments
12 KEY DEVELOPMENTS
12.1 Product Launches/Developments
12.2 Mergers and Acquisitions
12.3 Business Expansions
12.4 Partnerships and Collaborations
13 Appendix
13.1 Related Research
Report Research Methodology
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This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
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Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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| Supplier side |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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