The Asia Pacific Electric Vehicle Communication Controller Market is expected to witness market growth of 33.3% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Electric Vehicle Communication Controller Market, By Country in 2023, and is expected to continue to be a dominant market till 2030; thereby, achieving a market value of $135.41 millions by 2031. The Japan market is registering a CAGR of 32.6% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 34.2% during 2024-2031.
The role of automakers and charging infrastructure providers is central to the market's growth. Leading automakers such as Tesla, Volkswagen, and BYD are producing electric vehicles at an unprecedented scale and investing heavily in developing their proprietary charging networks. Tesla, for example, operates the Supercharger network, one of the largest fast-charging networks.
Moreover, this network relies on EV communication controllers to manage the interaction between Tesla vehicles and the Supercharger stations, ensuring efficient and reliable charging. Similarly, Volkswagen's Electrify America initiative is dedicated to the development of a large-scale network of charging stations throughout the United States. This initiative will necessitate advanced EV communication controllers to guarantee compatibility with a diverse array of electric vehicles.
Asia Pacific is home to some of the largest EV manufacturers, and the region's diverse economies are increasingly embracing electric mobility as a solution to urban pollution and energy security concerns. The expanding EV industry in Asia Pacific fosters the demand for advanced communication systems like EVCC to ensure efficient interaction between vehicles, charging networks, and energy grids.
The China market dominated the Asia Pacific Electric Vehicle Communication Controller Market, By Country in 2023, and is expected to continue to be a dominant market till 2030; thereby, achieving a market value of $135.41 millions by 2031. The Japan market is registering a CAGR of 32.6% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 34.2% during 2024-2031.
The role of automakers and charging infrastructure providers is central to the market's growth. Leading automakers such as Tesla, Volkswagen, and BYD are producing electric vehicles at an unprecedented scale and investing heavily in developing their proprietary charging networks. Tesla, for example, operates the Supercharger network, one of the largest fast-charging networks.
Moreover, this network relies on EV communication controllers to manage the interaction between Tesla vehicles and the Supercharger stations, ensuring efficient and reliable charging. Similarly, Volkswagen's Electrify America initiative is dedicated to the development of a large-scale network of charging stations throughout the United States. This initiative will necessitate advanced EV communication controllers to guarantee compatibility with a diverse array of electric vehicles.
Asia Pacific is home to some of the largest EV manufacturers, and the region's diverse economies are increasingly embracing electric mobility as a solution to urban pollution and energy security concerns. The expanding EV industry in Asia Pacific fosters the demand for advanced communication systems like EVCC to ensure efficient interaction between vehicles, charging networks, and energy grids.
List of Key Companies Profiled
- ABB Group
- Mitsubishi Electric Corporation
- Schneider Electric SE
- Siemens AG
- Sensata Technologies Holdings PLC
- Ficosa International S.A
- LG Innotek Co Ltd. (LG Display)
- Robert Bosch GmbH
- Vector Informatik GmbH
- Tesla, Inc.
Market Report Segmentation
By System- Vehicle-based Communication Controller
- Supply Equipment Communication Controller (SECC)
- Wired Charging
- Wireless Charging
- Battery Electric Vehicle (BEV)
- Plug-In Hybrid Electric Vehicle (PHEV)
- Passenger Vehicle
- Commercial Vehicle
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Asia Pacific Electric Vehicle Communication Controller Market, By System
Chapter 6. Asia Pacific Electric Vehicle Communication Controller Market, By Charging
Chapter 7. Asia Pacific Electric Vehicle Communication Controller Market, By Electric Vehicle
Chapter 8. Asia Pacific Electric Vehicle Communication Controller Market, By Application
Chapter 9. Asia Pacific Electric Vehicle Communication Controller Market, By Country
Chapter 10. Company Profiles
Companies Mentioned
Some of the key companies profiled in this Asia Pacific Electric Vehicle Communication Controller Market include:- ABB Group
- Mitsubishi Electric Corporation
- Schneider Electric SE
- Siemens AG
- Sensata Technologies Holdings PLC
- Ficosa International S.A
- LG Innotek Co Ltd. (LG Display)
- Robert Bosch GmbH
- Vector Informatik GmbH
- Tesla, Inc.
Methodology
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