According to a new market report published by Lucintel, the future of the global electric vehicle communication controller market looks promising with opportunities in the battery electric vehicle, plug-in hybrid electric vehicle, and hybrid electric vehicle segments. The global electric vehicle communication controller market is expected to grow at a CAGR of 33% from 2021 to 2026. The major drivers for this market are increasing demand for electric vehicles and government regulations.
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In this market, EVCC (Electric Vehicle Communication Controller) and SECC (Supply Equipment Communication Controller) are the major systems used to manufacture electric vehicle communication controllers. On the basis of comprehensive research, Lucintel forecasts that EVCC system will remain the largest segment, and it is also expected to witness the highest growth over the forecast period because the EVCC system helps in fast charging of a vehicle.
Within the global electric vehicle communication controller market, the commercial vehicle segment is expected to witness the highest growth over the forecast period, as commercial vehicles are used for heavy weight over long distances and require high range and reliability.
APAC is expected to remain the largest market and witness the highest growth over the forecast period due to developing economies, such as China and India. Government regulations by countries in the APAC region are one of major driving factors for electric vehicles.
Emerging trends, which have a direct impact on the dynamics of the industry, include the introduction of supercharging technology and high power batteries. LG Innotek, Tesla, BYD Auto, Schneider Electric, and ABB are among the major suppliers of the electric vehicle communication controller market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global electric vehicle communication controller market by system, charging type, vehicle, electric vehicle, and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Electric Vehicle Communication Controller Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global electric vehicle communication controller market by system, charging type, vehicle, electric vehicle, and region, as follows:
By System [Value ($ Million) from 2015 to 2026]:
By Charging Type [Value ($ Million) from 2015 to 2026]:
By Electric Vehicle [Value ($ Million) from 2015 to 2026]:
By Vehicle [Value ($ Million) from 2015 to 2026]:
Passenger Cars
Commercial Vehicles
By Region [Value ($ Million) from 2015 to 2026]:
North America
United States
Canada
Mexico
Europe
APAC
ROW
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
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