LAMEA Electric Vehicle Communication Controller Market

LAMEA Electric Vehicle Communication Controller Market Size, Share & Trends Analysis Report By System, By Charging (Wired Charging and Wireless Charging), By Electric Vehicle, By Application, By Country and Growth Forecast, 2024 - 2031

Report Id: KBV-25062 Publication Date: October-2024 Number of Pages: 153
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Analysis of Market Size & Trends

The Latin America, Middle East and Africa Electric Vehicle Communication Controller Market would witness market growth of 34.8% CAGR during the forecast period (2024-2031).

The Brazil market dominated the LAMEA Electric Vehicle Communication Controller Market, By Country in 2023, and would continue to be a dominant market till 2030; thereby, achieving a market value of $28,424.6 Thousands by 2031. The Argentina market is showcasing a CAGR of 35.6% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 32.6% during (2024 - 2031).

LAMEA Electric Vehicle Communication Controller Market

An electric vehicle communication controller (EVCC) is a crucial component in electric vehicles (EVs) that manages and facilitates communication between the electric vehicle and external charging infrastructure, including charging stations and the power grid. T

Additionally, the primary function of an EVCC is to ensure the smooth exchange of data and signals required for efficient and safe charging of electric vehicles. It is instrumental in the optimization of the charging process, the establishment of secure communication to guarantee the safety of both the vehicle and the charging system, and the compatibility with a variety of charging networks.

Brazil is a leading producer of renewable energy, particularly from hydroelectric and biomass sources, and the government is now turning its attention to electrifying the transportation sector to align with its energy mix. Although electric vehicle adoption has been slow, Brazil is seeing a rise in the sale of electric buses in urban areas such as São Paulo and Rio de Janeiro. According to the Brazilian Electric Vehicle Association (ABVE), sales of electric vehicles nearly doubled in 2023, reaching 93,927 units, up from 49,245 in 2022. This momentum is expected to continue, with sales anticipated to surpass 150,000 units in 2024. The growing adoption of EVs in Brazil creates a strong demand for communication controllers, essential for managing EV charging, vehicle diagnostics, and connectivity within the expanding electric vehicle ecosystem.

Free Valuable Insights: The Worldwide Electric Vehicle Communication Controller Market is Projected to reach USD 1.5 Billion by 2031, at a CAGR of 32.7%

Based on System, the market is segmented into Vehicle-based Communication Controller and Supply Equipment Communication Controller (SECC). Based on Charging, the market is segmented into Wired Charging and Wireless Charging. Based on Electric Vehicle, the market is segmented into Battery Electric Vehicle (BEV) and Plug-In Hybrid Electric Vehicle (PHEV). Based on Application, the market is segmented into Passenger Vehicle and Commercial Vehicle. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

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List of Key Companies Profiled

  • ABB Group
  • Mitsubishi Electric Corporation
  • Schneider Electric SE
  • Siemens AG
  • Sensata Technologies Holdings PLC
  • Ficosa International S.A
  • LG Innotek Co Ltd. (LG Display)
  • Robert Bosch GmbH
  • Vector Informatik GmbH
  • Tesla, Inc.

LAMEA Electric Vehicle Communication Controller Market Report Segmentation

By System

  • Vehicle-based Communication Controller
  • Supply Equipment Communication Controller (SECC)

By Charging

  • Wired Charging
  • Wireless Charging

By Electric Vehicle

  • Battery Electric Vehicle (BEV)
  • Plug-In Hybrid Electric Vehicle (PHEV)

By Application

  • Passenger Vehicle
  • Commercial Vehicle

By Country

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA
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