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Electric Vehicle Communication Controller Market Share

Report ID: GMI10783
Published Date: Aug 2024
Report Format: PDF

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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

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of electric vehicle communication controller reached USD 600 million in 2023 and is set to register over 16% CAGR between 2024 and 2032, due to the growing number of EVs on the road.

The wired charging segment accounted for 82% share of the market in 2023, owing to their established standards, reliability, and faster charging speeds.

Asia Pacific market recorded over 39% share in 2023, attributed to its rapid adoption of electric vehicles, extensive investment in EV infrastructure, and strong governmental support.

Bosch, BYD, Engie, LG Innotek, Schneider Electric, Siemens, and Tesla.