Report Code: A09119 | Pages: NA | Jul 2023 | 3176 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Electric Vehicle Communication Controller Market
Request Now !Rise in income of middle-class families and improved standards of living in developing and developed countries have increased the sales of vehicles. Electric vehicle communication controller is a key component to support communication between vehicle and charger for rapid charging of electric vehicle. The electric vehicle communication controller receives electricity from the electric vehicle supply equipment. Additionally, the controller is used to exchange information mutually through communication between external charger and vehicle ECU. Moreover, with technological advancement and rising adoption of electrical vehicles, the demand for electric vehicle communication controller market will continue to grow.Â
COVID-19 scenario analysis:Â
Increasing adoption of EV has amplified the market of electric vehicle communication controller. Additionally, government concerns over reducing carbon footprints is driving the market of electric vehicle communication controller. Besides, the demand for fast charging in EV would proliferate the market growth. Moreover, automakers focus on developing EV and electric vehicle communication controller will favor the market growth. However, unavailability of EV infrastructure would hinder the market growth. Further, the investments made by countries in development of public EV charging station infrastructure along with governments subsidies and tax benefits for use of EV will proliferate the market growth.
The Electric Vehicle Communication Controller market trends are as follows:
In wireless charging, electricity is transferred from one magnetic coil in the charger to a second magnetic coil fitted to the car through an air gap. Accordingly, Plugless company has started selling wireless charging for the Tesla Model S, BMW i3, Nissan Leaf and first-generation Chevrolet Volt. In addition, BMW is planning to wireless charging pad for its 530e iPerformance hybrid car. Moreover, Siemens AG is currently working with BMW AG for development of electric vehicle communication controller for wireless charging solutions.
Considering the advantages offered by EV, the governments are focusing to increase its adoption. Various governments are spending on developing infrastructure and offering tax and other benefits to vehicle owners. For instance, government of India approved a total budgetary support of Rs 10,000 crore for Faster Adoption and Manufacturing of Electric Vehicles (FAME) in India for three years commencing from April 1, 2019. Additionally, OEMs investments are also favoring EVCC market. For instance, Tesla, Inc. has installed more than 15,000 super chargers at 1,600 charging stations located at public destinations, wherein EVCC allows vehicle ECU communication with fast-chargers.
Key benefits of the report:
Questions answered in the electric vehicle communication controller market research report:
Electric Vehicle Communication Controller Market Report Highlights
Aspects | Details |
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By System type |
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By Vehicle type |
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By Current type |
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By Charging type |
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By Region |
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Key Market Players | LG Innotek, Tesla, Schneider Electric, ABB, Mitsubishi Electric, Ficosa, Robert Bosch LLC, Efacec, Vector, Siemens |
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