Press release
Comprehensive Electric Vehicle Communication Controller Market Forecast 2025-2034: Growth Trends and Strategic Shifts
Electric Vehicle Communication Controller
Electric Vehicle Communication Controller Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market for electric vehicle communication controllers has experienced a tremendous increase in size in the past few years. The market value is projected to rise from $0.17 billion in 2024 to $0.23 billion in 2025, attributing to an impressive compound annual growth rate (CAGR) of 35.5%. Factors contributing to this growth during the historic period include enhanced uptake of electric vehicles, government policies and incentives, and a surge in the need for autonomous and connected vehicles.
Electric Vehicle Communication Controller Market Size Forecast: What's the Projected Valuation by 2029?
The market for electric vehicle communication controllers is predicted to experience significant expansion in the coming years. It is projected to reach a market value of $0.69 billion by 2029, with a compound annual growth rate (CAGR) of 31.0%. Factors contributing to this projected growth include resistance to fluctuations in oil prices, changes in the automotive sector, consumer inclination towards connectivity, and emphasis on the development of smart cities. Other anticipated trends during this projection period involve enhanced connectivity, the incorporation of 5G, AI and machine learning, as well as the development of scalable and modular designs, and edge computing.
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What Are the Drivers Transforming the Electric Vehicle Communication Controller Market?
The escalating requirement for electric vehicles is anticipated to drive the expansion of the electric vehicle communication controller market in the future. Electric vehicles (EVs) are cars powered by one or several electric motors, which utilize energy stored in rechargeable batteries. As consumer awareness about the advantages of electric vehicles - spanning environmental benefits and long-term financial savings - intensifies, the demand for EVs correspondingly increases. The Electric vehicle communication controller (EVCC) acts as the essential communication nexus within electric vehicles, enabling data communication between various vehicle components, charging facilities, and external systems, thereby ensuring the effective and safe functionality of the vehicle's electric propulsion mechanism. For example, in June 2023, reports issued by a European autonomous intergovernmental entity stated that the proportion of electric car sales has more than tripled in three years, escalating from approximately 4% in 2020 to 14% in 2022. Hence, the escalating requirement for electric vehicles is anticipated to drive the expansion of the electric vehicle communication controller market in the future.
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What Long-Term Trends Will Define the Future of the Electric Vehicle Communication Controller Market?
Leading firms in the electric vehicle communication controller market are concentrating on creating controllers that incorporate EdgeBMC technology. This technology boosts real-time data processing, enhances system reliability, and allows smooth communication between the vehicle and charging infrastructure. EdgeBMC technology is a kind of edge-based management controller tasked with observing, managing, and controlling hardware resources in edge computing situations. It provides out-of-band management, faciliting remote observation and control even if the primary operating system fails. For example, in September 2024, Advantech Co Ltd, a Taiwan-based firm, unveiled AFE-E350. This new controller harmonizes electric vehicle supply equipment (EVSE) and supply equipment communication controller (SECC) on a single platform. The AFE-E350 amalgamates various functions into one platform, including the HMI (Human-Machine Interface), central control, payment processing, and power delivery management, thereby simplifying manufacturing and maintenance tasks.
Which Segments in the Electric Vehicle Communication Controller Market Offer the Most Profit Potential?
The electric vehicle communication controller market covered in this report is segmented -
1) By System: Vehicle-Based Communication Controller, Supply Equipment Communication Controller
2) By Charging Type: Wired Charging, Wireless Charging
3) By Electric Vehicle Type: Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV)
4) By Application: Passenger Vehicle, Commercial Vehicle
Subsegments:
1) By Vehicle-Based Communication Controller: Onboard Communication Controller (OBC), Vehicle-To-Grid (V2G) Communication Controller, Vehicle-To-Load (V2L) Communication Controller, Battery Management System (BMS) Communication
2) By Supply Equipment Communication Controller: Charging Station Communication Controller, Electric Vehicle Supply Equipment (EVSE) Controller, Charging Infrastructure Management System (CIMS), Communication Protocol Gateways
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Which Firms Dominate the Electric Vehicle Communication Controller Market by Market Share and Revenue in 2025?
Major companies operating in the electric vehicle communication controller market are Tesla Inc., Siemens AG, BYD Company Limited, Schneider Electric SE, Bosch GmbH, ABB Ltd., Eaton Corporation, Delta Electronics Inc., Webasto Charging Systems Inc., Phoenix Contact GmbH & Co. KG, Wallbox Chargers SL, Enel X, EVBox Group, Pod Point Ltd., ChargePoint Inc., Blink Charging Co., EVgo Services LLC, Efacec Power Solutions, Noodoe Corporation, WiTricity Corporation, EV Connect Inc., Ubitricity GmbH, Tritium Pty Ltd., Chakratec Ltd., JuiceBar EV Charging, DBT-CEV, ClipperCreek Inc
Which Regions Offer the Highest Growth Potential in the Electric Vehicle Communication Controller Market?
North America was the largest region in the electric vehicle communication controller market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electric vehicle communication controller market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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