The global electric vehicle communication controller market is expected to reach USD 376.1 million by 2027, growing at a CAGR of 34.6% during the forecast period. The global electric vehicle communication controller market is growing at a noteworthy pace, due to the increasing adoption of electric vehicle and several government initiatives taken across the globe. Among the vehicle type segment, passenger cars contribute major share to the market. With the occurrence of high-power batteries in the automotive industry, the demand for fast charging has accelerated rapidly. This, as a result, will boost the demand for fast charging type in the passenger vehicle sector.

The Electric Vehicle Communication Controller acts as a key component supporting communication between electric vehicle and charger for fast and reliable charging. EVCC is a gateway between an external charger and vehicle ECU (Engine Control Unit) assisting in exchanging the information mutually through communication.

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Electric vehicle adoption is growing rapidly across the globe over the past decade, with the more than five million electric passenger cars sold globally in the year 2018. Europe, China and US are major contributors to the market, with China accounting for approximately 45% of electric vehicle count in 2018. Followed by Europe and US, accounting for close to 24% and 22% respectively.

Absence of standardization in charging infrastructure and diverse government policies and market framework towards carbon emission and fuel consumption may obstructs the growth of the electric vehicle communication controller market.

Geographically, APAC, mainly China is the largest electric vehicle communication controller market as in the region, owing to the largest (around 2.3 million) electric vehicle running on the road. In addition, the region also accounts for noteworthy investment in battery manufacturing, this will further up surge the growth of the China electric vehicle communication controller market in years to come.

Some of the key players operating in the electric vehicle communication controller market are Tesla, Inc., LG Innotek, BYD Auto, Schneider Electric, ABB Ltd., Robert Bosch GmbH, Ficosa International S.A., Mitsubishi Electric, Siemens AG, and Vector.