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Electric Vehicle Communication Controller Market Size
Electric Vehicle Communication Controller Market size was valued at USD 600 million in 2023 and is estimated to register a CAGR of over 16% between 2024 and 2032. With the growing number of EVs on the road, there is an increasing need for a reliable and widespread charging network. Modern charging stations require sophisticated communication systems to manage interactions between the EV and the charger, including authentication, billing, and charging status updates.
EVCCs are essential components in facilitating this interaction, supporting various charging standards such as CCS, CHAdeMO, and others. As charging infrastructure continues to evolve and expand, the demand for advanced EVCCs that can support these advancements will drive market growth.
Report Attributes | Details |
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Base Year: | 2023 |
Market Size in 2023: | USD 600 Million |
Forecast Period: | 2024 - 2032 |
Forecast Period 2024 - 2032 CAGR: | 16% |
2032 Value Projection: | USD 2.4 Billion |
Historical Data for: | 2021 - 2023 |
No. of Pages: | 250 |
Tables, Charts & Figures: | 341 |
Segments covered: | System, Charging, Electric Vehicle, End-user |
Growth Drivers: |
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Pitfalls & Challenges: |
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For instance, in 2023 EVs saw a record 7.6% of new vehicle sales in the U.S. being electric, with over 2 million registered EVs. The focus is now shifting to expanding public charging infrastructure, though most current chargers only support one-way (Grid-to-Vehicle) charging, missing out on revenue opportunities and grid stability benefits offered by bidirectional (V2X) charging. Bidirectional charging, which allows EVs to supply power back to the grid or buildings, is essential for enhancing grid resilience and integrating renewable energy and is expected to become increasingly important fueled by growing EV adoption.
Governments worldwide are implementing stringent emission regulations and offering substantial incentives to promote the use of EVs. This surge in demand for EVs necessitates efficient communication systems between the vehicle and the charging infrastructure to ensure seamless operation. EVCCs play a crucial role in enabling this communication, ensuring proper charging protocols, and enhancing the overall user experience. As EV adoption continues to grow, the demand for advanced communication controllers is expected to rise correspondingly, driving market growth.
Electric vehicles and charging stations employ different communication standards, such as CCS, CHAdeMO, and Tesla's proprietary systems, which can complicate interoperability. This diversity requires EVCCs to be highly adaptable and capable of supporting multiple standards to facilitate smooth communication between vehicles and charging infrastructure. The complexity and cost associated with developing EVCCs that can handle these diverse requirements pose a significant challenge for manufacturers aiming to provide universally compatible solutions.
Electric Vehicle Communication Controller Market Trends
Growing emphasis on Vehicle-to-Everything (V2X) communication technology enables electric vehicles to communicate with various elements of their environment, including other vehicles, infrastructure, and the cloud. This trend is driven by the need for enhanced safety, traffic efficiency, and overall driving experience. As EVs become more connected, EVCCs are evolving to support V2X communication, integrating advanced protocols and enabling features such as real-time traffic updates, collision avoidance, and smart infrastructure interactions.
For instance, in Feb 2024, Volkswagen Group advanced its electric vehicle strategy in China through a new master agreement with XPENG, focusing on platform and software collaboration. The agreement includes developing two mid-size VW vehicles, starting with an SUV, to quickly expand VW's EV portfolio in China. These models will feature advanced software, hardware, and automated driving functions for a connected customer experience.
There has been a significant increase in the adoption of advanced security measures to protect against cyber threats. As electric vehicles become more connected and reliant on software, the risk of cyberattacks and data breaches grows in the threat landscape. EVCCs are incorporating robust security features, such as encryption, secure authentication, and intrusion detection systems, to safeguard vehicle communication networks from potential threats. This trend reflects the industry's focus on ensuring the safety and integrity of EV communication systems, which is essential for maintaining consumer trust and regulatory compliance as the market continues to expand in the upcoming years.
Electric Vehicle Communication Controller Market Analysis
Based on the system, the market is divided into EVCC & SECC. In 2023, the EVCC segment accounted for a market share of around 58%, due to their crucial role in the electric vehicle (EV) ecosystem. They manage the essential communication between EVs and charging stations, handling tasks like authentication, charging control, and data exchange to ensure a smooth and secure charging process. Further, EVCCs are pivotal in supporting advanced features such as bidirectional charging and Vehicle-to-Everything (V2X) communication.
Bidirectional charging enables EVs to draw power from the grid and supply energy back, thus enhancing grid stability and energy management. V2X communication facilitates interactions between EVs, infrastructure, and other vehicles, contributing to smart city development and autonomous driving. These functions underscore the EVCC's importance and drive its dominance in the market.
Based on charging, the electric vehicle communication controller market is categorized into wired & wireless. The wired segment accounted for a market share of around 82% in 2023, owing to their established standards, reliability, and faster charging speeds. Standardized connectors such as CCS and CHAdeMO provide a consistent and dependable method for power transfer, ensuring interoperability across various EVs and charging stations. This reliability is crucial for the widespread adoption and effective deployment of EV infrastructure. Additionally, wired systems typically offer faster charging speeds compared to wireless alternatives, making them more efficient for users who require quick and reliable charging.
Asia Pacific dominated the global electric vehicle communication controller market with a major share of over 39% in 2023, attributed to its rapid adoption of electric vehicles, extensive investment in EV infrastructure, and strong governmental support. Countries such as China, Japan, and South Korea are leading the charge with ambitious EV adoption targets and substantial investments in developing robust charging networks. China has emerged as a global leader in EV production and sales, driving significant demand for EVCCs.
Additionally, the region's rapid technological advancements and manufacturing capabilities contribute to the high production and deployment rates of EV communication controllers. The combination of market size, infrastructure development, and supportive policies makes the Asia-Pacific region a key player in the global EVCC market.
The U.S. government has implemented policies and incentives that encourage EV adoption and the development of charging networks, boosting the need for EVCCs. Additionally, the presence of leading automakers and tech companies in the U.S. drives innovation in EV communication technologies. The country's focus on advancing vehicle-to-grid (V2G) and smart charging technologies further enhances its leadership in the EVCC market.
Strong regulatory framework, widespread adoption of electric vehicles, and commitment to sustainable mobility, the European Union's stringent emissions targets, and incentives for EV adoption have accelerated the shift towards electric mobility across the region. Countries such as Norway, Germany, and the Netherlands have achieved significant EV market penetration, driving the demand for advanced EV communication technologies. Additionally, Europe has made substantial investments in developing a comprehensive charging infrastructure, with a focus on interoperability and seamless communication between EVs and charging stations.
Electric Vehicle Communication Controller Market Share
LG Innotek, Schneider Electric, and Siemens hold a significant market share of 34% in the electric vehicle communication controller industry, due to their strong expertise in advanced electronics, power management, and communication technologies, which are critical for EVCC systems. LG Innotek leverages its deep experience in automotive components and communication modules, enabling the development of highly integrated and efficient controllers.
Schneider Electric and Siemens, on the other hand, bring their extensive background in energy management, industrial automation, and smart grid technologies to the table. Their global reach, strong R&D capabilities, and established relationships with major automakers and EV infrastructure providers further contribute to their leadership in this market.
Electric Vehicle Communication Controller Market Companies
The major players operating in the electric vehicle communication controller industry are:
- Bosch
- BYD
- Engie
- LG Innotek
- Schneider Electric
- Siemens
- Tesla
Electric Vehicle Communication Controller Industry News
- In April 2024, VertexCom and Chargebyte introduced two new Supply Equipment Communication Controller modules for EV charging systems, based on VertexCom's HomePlug GreenPHY chipset. Charge Control D supports ISO 15118 standards, enabling AC/DC charging communication between EVSE and EV. It manages the DC charging process and integrates easily into wallboxes. The PLC Stamp Multi VERT offers versatile powerline communication with interfaces via SPI or Ethernet.
- In Jan 2024, LG Innotek showcased an extensive range of mobility solutions, including a wireless battery management system, ADAS, LiDAR, and a second-generation electric vehicle communication controller at CES 2024. Highlighting their innovations, LG Innotek introduced a software-defined vehicle (SDV) solution with a driver monitoring system to prevent drowsy driving. LG Electronics also captivated attendees with LG Alpha-able, a future mobility experience emphasizing transformation, exploration, and relaxation.
The electric vehicle communication controller market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue ($Bn) from 2021 to 2032 for the following segments:
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Market, By System
- EVCC
- SECC
Market, By Charging
- Wired
- Wireless
Market, By Electric Vehicle
- Passenger Car
- BEV
- PHEV
- Commercial Vehicle
- BEV
- PHEV
Market, By End-user
- OEMs
- Aftermarket
- Charging Station Operators
The above information is provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Russia
- Nordics
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- ANZ
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- MEA
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
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