Electric Vehicle Communication Controller Market-converted

Electric Vehicle Communication
Controller Market Share: In-Depth
Coverage And Various Important Aspects
by 2025
The adoption of electric vehicles has risen significantly over the past few years, owing to
the surging air pollution levels and rising consumer awareness. Major concerns
regarding electric vehicles in the past was their low range and speed, high charging
time, and lack of adequate charging infrastructure. However, now due to technological
advancements, the performance of electrical vehicles has been enhanced, resulting in
their increasing adoption. This, in turn, has led to growing investments in the charging
infrastructure across the globe. The vendors in the domain are further investing in
efficient and smart charging systems.
It is due to these factors that the demand for electric vehicle communication controller
(EVCC) is growing. EVCC is a major component for supporting communication between
charger and car for rapid charging. The device acts as a gateway for exchanging
information mutually through communication between the vehicle engine control unit
and the external charger. EVCC can also work with Smart Grid for offering high-quality
electric car information service. Attributed to these factors, the global electric vehicle
communication controller market size is expected to attain a value of $553.4 million in
2024, increasing from $97.0 million in 2018, advancing at a 34.8% CAGR during the
forecast period (2019–2024).
Apart from this, the demand for SECC is also predicted to increase significantly in the
near future, which can be ascribed to the rising installation of charging stations for
electric vehicles. The number of publicly accessible chargers around the globe rose
from 105,360 in 2017 to 538,600 in 2018. Inductive and conductive charging is offered
by these devices, between which, the requirement for conductive charging was higher in
the past. This is because of the early adoption of these chargers for personal vehicles
and their low price.
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The demand for inductive chargers is also projected to increase in the years to come,
which is because these chargers facilitate rapid plug-in electric vehicle charging and

hassle-free functioning. Owing to the fact that China accounted for over half of the
global electric vehicle sales in 2018, the Asia-Pacific (APAC) region emerged as the
largest EVCC market. Governments in the region are taking various initiatives for
installing electric vehicle charging stations in their countries. The region accounted for
over 65% share in the global electric vehicle charger installations.
Hence, the demand for EVCC is growing due to the need for faster charging solutions
for electric vehicles.