Electric Vehicle Communication Controller Market Analysis Report By System, By Charging Type, By Electric Vehicle Type, By Application, By Region And Segment Forecasts From 2020 To 2026

Industry Insights

The global electric vehicle communication controller (EVCC) market size was accounted for USD 61.1 million in 2019. It is estimated to grow at over 32% CAGR over the forecasted period, from 2020 to 2026. EVCC is a key component, which is responsible for exchanging information between the engine control unit and the charging station. Increasing demand for hybrid and electric vehicles (EV, HEV) with a rising focus on fast-charging systems is projected to boost the market growth. In addition, a various collaboration between government authorities and OEMs for developing charging solutions is anticipated to surge the demand for electric vehicle communication controller (EVCC) systems.

In addition, supportive government programs including incentives, tax benefits, and subsidies are projected to encourage consumers to invest in electric vehicles. For example, in 2015, the Indian Government has introduced a scheme called Faster Adoption & Manufacturing Electric vehicle (FAME India). With this initiative, the government is offering subsidies to consumers on buying four and three-wheeler EVs.

Technological advancement is encouraging automobile manufacturers to enhance charging solution capabilities. For example, in 2016, the Norwegian Government has invested around 180.0 billion for boosting supply equipment for electric vehicles. Moreover, European countries such as Germany, France, and Belgium are focusing on developing charging infrastructure to support the EVs market.

Rising demand for supply equipment in the electric vehicle fleet in the transportation and logistics sector is also positively affecting the market growth. For instance, in 2017, FedEx has invested over USD 10,000 to improve the fleet delivery system by buying EV supply equipment (EVSE). In addition, companies such as ABB Ltd, Efacec, and Siemens AG are engaging in developing advanced charging technological solutions. Siemens has developed a Pantograph-off board top-down which uses central grid communication.

Electric vehicle manufacturers are collaborating with OEMs to developing charging solutions. For example, Mitsubishi Electric and ABB Ltd have introduced a fast charging solution in Estonia. It includes over 165 stations for fast charging solutions in multiple cities.

System Insights

Depending on the system, the market for electric vehicle communication controllers is divided into Supply Equipment Communication Controller (SECC), and vehicle-based communication controller. In 2019, vehicle-based communication controllers led the market with the highest share in the overall market, owing to rising manufacturers' focus on developing communication solutions in vehicles. For example, Volkswagen has partnered with ABB Ltd to develop vehicle-based communication solutions for its vehicles.

SECC system segment is anticipated to grow at the fastest CAGR from 2020 to 2026. This growth is attributed to increasing charging stations such as charging kiosks. However, the fewer workforce across the U.K., Germany and the U.S. are challenging for charging station operators. Due to this, there is a high demand for charging kiosks. These factors are projected to bode well for the market growth in the coming few years.

Charging Type Insights

Charging type categories are comprised of wired charging and wireless charging. In 2019, the wired charging type segment accounted for the largest share in the overall market. Growing demand for fast chargers is expected to boost segmental growth. In addition, a rising number of initiatives by automotive manufacturers regarding fast-charging stations across highway networks is projected to boost the growth EVCC market. For example, Tesla, Inc. has installed over 16,000 charger stations, and 15,000 supercharger stations across highways, public parks, and hotels.

The wireless charging type segment is anticipated to expand at the fastest CAGR from 2020 to 2026. The growing demand for ridesharing electric vehicles and non-driver vehicles. In addition, manufacturers continuously focus on developing wireless charging solutions. For example, Siemens has collaborated with BMW AG to develop a wireless charging solution. These key factors are projected to support the increasing demand for EVCC, which is expected to proliferate the market growth.

Electric Vehicle Type Insights

In 2018, the plug-in type hybrid EVs (PHEV) segment led the market with the highest share in the overall market. Moreover, the development of PPPs for PHEV is expected to surge the market growth. For instance, Ford Motors, Siemens, and New York power authorities have developed Interoperability panels for the smart grids for better communication.

Battery based electric vehicles (BEV) segment is projected to grow at the fastest CAGR over the forecasted period. Increasing adoption of BEVs along with supportive government initiatives is expected to positively impact market growth. For example, the Switzerland government provided funds of around USD 850 million to ABB Ltd, for developing the EVCC system. Moreover, the development of technologies such as Near Field Communication (NFC), and RFID are projected to bolster demand for EVCC systems in the next few years.

Application Insights

In 2019, the passenger vehicles segment led the market and is expected to continue its dominance in the coming few years. Different automobile companies including Ford Motors, General Motors, and BMW AG offer chargers with their EVs. In addition, rising infrastructural development for charging stations is also expected to surge the market growth. For example, General Motors has installed over 100 charging stations for EVs in the parking lots.

The commercial segment is projected to grow at the fastest CAGR over the forecasted period. Increasing demand for commercial vehicles such as buses, vans, and trucks for logistics, public transport, and e-commerce application is projected to foster market growth. In addition, manufacturers such as Schneider Electric, ABB Ltd, and Siemens are engaging in developing inverted pantographs, which is anticipated to propel the demand for the market.

Regional Insights

In 2019, Europe accounted for the largest market share in the overall market. This growth is primarily due to supportive government development programs across the region. For example, Germany, Norway, France, Italy, U.K., Sweden, and Denmark have developed Italian to Norway Electric highways. It includes over 180+ fast-charging stations across the road. Moreover, companies such as Dutch Shell Plc, and BP Plc are focusing on developing EV chargers which are projected to spur the growth of the EVCC system.

Asia Pacific is projected to propel at the fastest CAGR during the forecasted period. This growth is primarily attributed to the growing development in charging infrastructure supported by local and international players in the market. Furthermore, encouraging government initiatives are boosting market growth. For instance, the South Korean government has invested over USD 180.3 million in developing charging infrastructure.

Impact of COVID-19

The novel coronavirus outbreak has negatively impacted the electric vehicle communication controller market. China is the world’s largest EVs consumer followed by Europe and the U.S. However, the widespread coronavirus has shut down the production facilities of EV manufacturing.

The global sales of EVs are expected to be affected adversely in 2020 owing to the COVID-19 pandemic. However, the long-term trajectory for the market is projected to remain positive. Several manufacturers have resumed their production which, in turn, is expected to contribute to market growth. For instance, during this pandemic, Tesla has introduced touchless deliveries to fight against coronavirus.

Electric Vehicle Communication Controller Market Share Insights

Leading players in the market include Mitsubishi Electric, ABB, Ltd., Tesla, Inc., Efacec, Ficosa, Robert Bosch, LG INNOTEK, Schneider Electric, Vector, and BYD Auto.

Manufacturers are focusing on expanding their reach across the globe through strategic activities such as acquisitions & mergers, and partnerships. For example, Blink Charging has partnered with Hubjet for offering eRoaming services. Moreover, some companies like Ford Motors, Siemens have entered into PPPs for developing EVCC systems.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2015 to 2026. For the purpose of this study, Million Insights has segmented the global electric vehicle communication controller market report based on system, charging type, electric vehicle type, application, and region:

• System Outlook (Revenue, USD Thousand, 2015 - 2026)
    • Vehicle-based Communication Controller
    • Supply Equipment Communication Controller (SECC)

• Charging Type Outlook (Revenue, USD Thousand, 2015 - 2026)
    • Wired Charging
    • Wireless Charging

• Electric Vehicle Type Outlook (Revenue, USD Thousand, 2015 - 2026)
    • Battery Electric Vehicle (BEV)
    • Plug-In Hybrid Electric Vehicle (PHEV)

• Application Outlook (Revenue, USD Thousand, 2015 - 2026)
    • Passenger Vehicle
    • Commercial Vehicle

• Regional Outlook (Revenue, USD Billion, 2015 - 2026)
    • North America
        • U.S.
        • Canada
    • Europe
        • Netherlands
        • U.K.
        • France
        • Norway
        • Germany
    • Asia Pacific
        • China
        • South Korea
        • Japan
    • Latin America
        • Brazil
    • Middle East & Africa (MEA)