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Electric Vehicle Communication Controller Market Trends

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

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.
 

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.

Electric Vehicle Communication Controller Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 341
  • Countries covered: 25
  • Pages: 250
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