The Global Electric Vehicle Communication Controller Market size is expected to reach $1.5 billion by 2031, rising at a market growth of 32.7% CAGR during the forecast period.
Provincial incentives such as rebates in provinces like British Columbia and Quebec encourage EV purchases, further boosting the demand for EVCC systems. Canada’s extensive geography also necessitates the development of a wide-reaching EV charging infrastructure. The Electric Vehicle Infrastructure Demonstration (EVID) program is an example of the government's commitment to expanding the charging network, increasing the need for reliable EV communication systems to handle long-distance travel and nationwide charging conditions. Thus, the North America market acquired 30% revenue share in the market 2023.
The major strategies followed by the market participants are Product Launches as the key developmental strategy to keep pace with the changing demands of end users. For instance, In September, 2024, Vector Informatik GmbH has launched MICROSAR Classic Release 32, now fully supporting ISO 15118-20 to enhance Electric Vehicle Communication Controllers (EVCC). This release introduces advanced charging use cases such as Bidirectional Power Transfer, Wireless Power Transfer, and bolstered security with cutting-edge encryption and authentication protocols. Additionally, In September, 2024, Schneider Electric has launched an AI-powered feature for the Wiser Home app, optimizing energy management for water heaters and EV chargers. This innovative solution enhances energy efficiency, reduces bills, and supports homeowners with smart management, especially those with solar panels.
Additionally, these systems are essential for managing critical functions such as charging authentication, energy management, and communication with the grid. Therefore, as more automakers launch new electric models and expand production capacity, the need for efficient communication between EVs and charging stations will continue to grow, driving the demand for EVCCs.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies to cater to demand coming from the different industries. The key developmental strategies in the market are Product Launches and Product Expansions.
The Electric Vehicle Communication Controller (EVCC) market is highly competitive, driven by technological advancements and regulatory standards for vehicle-to-grid communication. Key attributes include compatibility with charging infrastructure, reliability in data transmission, and adherence to cybersecurity protocols. Companies vie to enhance interoperability between EVs and charging stations while ensuring robust communication protocols. Market players focus on integrating smart grid functionalities and optimizing energy management solutions, aiming to meet evolving consumer demands and regulatory requirements efficiently.
Provincial incentives such as rebates in provinces like British Columbia and Quebec encourage EV purchases, further boosting the demand for EVCC systems. Canada’s extensive geography also necessitates the development of a wide-reaching EV charging infrastructure. The Electric Vehicle Infrastructure Demonstration (EVID) program is an example of the government's commitment to expanding the charging network, increasing the need for reliable EV communication systems to handle long-distance travel and nationwide charging conditions. Thus, the North America market acquired 30% revenue share in the market 2023.
The major strategies followed by the market participants are Product Launches as the key developmental strategy to keep pace with the changing demands of end users. For instance, In September, 2024, Vector Informatik GmbH has launched MICROSAR Classic Release 32, now fully supporting ISO 15118-20 to enhance Electric Vehicle Communication Controllers (EVCC). This release introduces advanced charging use cases such as Bidirectional Power Transfer, Wireless Power Transfer, and bolstered security with cutting-edge encryption and authentication protocols. Additionally, In September, 2024, Schneider Electric has launched an AI-powered feature for the Wiser Home app, optimizing energy management for water heaters and EV chargers. This innovative solution enhances energy efficiency, reduces bills, and supports homeowners with smart management, especially those with solar panels.
KBV Cardinal Matrix - Market Competition Analysis
Based on the Analysis presented in the KBV Cardinal matrix; Tesla, Inc. is the forerunners in the Electric Vehicle Communication Controller Market. Companies such as Siemens AG and ABB Group are some of the key innovators in the Electric Vehicle Communication Controller Market. In September 2024, Siemens is expanding its eMobility business by merging it with Heliox to create a dedicated legal structure, enhancing agility and focus on the electric vehicle charging market. This expansion aims to increase profitability, foster new partnerships, and support sustainable transport electrification.
Market Growth Factors
EVCCs manage crucial functions such as charging initiation, monitoring battery health, and optimizing power delivery, all of which are essential for the smooth operation of fast-charging stations. Hence, this trend is expected to continue fueling the need for EVCC systems as fast-charging infrastructure becomes a critical component of the global EV ecosystem.Additionally, these systems are essential for managing critical functions such as charging authentication, energy management, and communication with the grid. Therefore, as more automakers launch new electric models and expand production capacity, the need for efficient communication between EVs and charging stations will continue to grow, driving the demand for EVCCs.
Market Restraining Factors
Integrating EVs into commercial operations requires reliable and secure communication between vehicles, charging stations, and backend systems. A breach in these networks could disrupt business activities, compromise sensitive data, and lead to financial losses. Thus, concerns about cybersecurity and data privacy hamper the market's growth.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies to cater to demand coming from the different industries. The key developmental strategies in the market are Product Launches and Product Expansions.
Driving and Restraining Factors
Drivers- Rising demand for fast charging infrastructure
- Increased adoption of vehicle-to-grid (V2G) technology
- Growth of the electric vehicle industry
- High cost of infrastructure development
- Cybersecurity and data privacy concerns
- Increasing investments in R&D
- Advancements in communication protocols
- Interoperability issues in various communication controllers
- Challenges pertaining to energy infrastructure
System Outlook
Based on system, the market is bifurcated into vehicle-based communication controller and supply equipment communication controller (SECC). The supply equipment communication controller (SECC) segment procured 34% revenue share in the market in 2023. SECCs facilitate communication between electric vehicles and charging stations, particularly in fast-charging environments.Charging Outlook
On the basis of charging, the market is classified into wired charging and wireless charging. The wired charging segment acquired 74% revenue share in the market in 2023. Wired charging remains the most widely adopted and reliable method for EV charging, particularly due to its established infrastructure and faster charging capabilities.
Electric Vehicle Outlook
By electric vehicle, the market is divided into battery electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV). The plug-in hybrid electric vehicle (PHEV) segment garnered 44% revenue share in the market in 2023. Flexibility is provided by plug-in hybrid electric vehicles (PHEVs), which integrate an internal combustion engine with an electric powertrain.Application Outlook
Based on application, the market is segmented into passenger vehicle and commercial vehicle. The passenger vehicle segment procured 68% revenue share in the market in 2023. This dominance is the consequence of the rapid growth of electric passenger cars as an outcome of the growing emphasis on environmentally friendly transportation alternatives, the increase of funding from the government, as well as the proliferation of charging infrastructure.Market Competition and Attributes
The Electric Vehicle Communication Controller (EVCC) market is highly competitive, driven by technological advancements and regulatory standards for vehicle-to-grid communication. Key attributes include compatibility with charging infrastructure, reliability in data transmission, and adherence to cybersecurity protocols. Companies vie to enhance interoperability between EVs and charging stations while ensuring robust communication protocols. Market players focus on integrating smart grid functionalities and optimizing energy management solutions, aiming to meet evolving consumer demands and regulatory requirements efficiently.
By Regional Analysis
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment witnessed 28% revenue share in the market in 2023. The region, particularly China, has emerged as a major player in the global EV industry due to its large-scale production of electric vehicles and aggressive government policies promoting clean energy transportation.Recent Strategies Deployed in the Market
- Oct-2024: ABB Group has partnered with IIT Bombay to establish an advanced electrical machine and drives lab, enhancing student training in energy-efficient technologies. This collaboration aims to prepare future engineers for careers in evolving sectors, including electric vehicle technologies and communication systems.
- Sep-2024: Vector Informatik GmbH has launched MICROSAR Classic Release 32, now fully supporting ISO 15118-20 to enhance Electric Vehicle Communication Controllers (EVCC). This release introduces advanced charging use cases such as Bidirectional Power Transfer, Wireless Power Transfer, and bolstered security with cutting-edge encryption and authentication protocols.
- Sep-2024: Schneider Electric has launched an AI-powered feature for the Wiser Home app, optimizing energy management for water heaters and EV chargers. This innovative solution enhances energy efficiency, reduces bills, and supports homeowners with smart management, especially those with solar panels.
- Sep-2024: Siemens is expanding its eMobility business by merging it with Heliox to create a dedicated legal structure, enhancing agility and focus on the electric vehicle charging market. This expansion aims to increase profitability, foster new partnerships, and support sustainable transport electrification.
- Aug-2024: ABB Group is acquiring Födisch Group, enhancing its continuous emission monitoring systems for the energy and industrial sectors. This acquisition will expand ABB's measurement solutions, enabling better compliance with environmental regulations and bolstering sustainability efforts across various industries.
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
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Norway
- Netherlands
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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. Global Electric Vehicle Communication Controller Market, By System
Chapter 6. Global Electric Vehicle Communication Controller Market, By Charging
Chapter 7. Global Electric Vehicle Communication Controller Market, By Electric Vehicle
Chapter 8. Global Electric Vehicle Communication Controller Market, By Application
Chapter 9. Global Electric Vehicle Communication Controller Market, By Region
Chapter 10. Company Profiles
Companies Mentioned
Some of the key companies profiled in this 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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