Global Electric Vehicle Communication Controllers Market to Reach $2.1 Billion by 2030
The global market for Electric Vehicle Communication Controllers estimated at US$311.2 Million in the year 2023, is expected to reach US$2.1 Billion by 2030, growing at a CAGR of 31.5% over the period 2023-2030. Vehicle-based Communication Controller, one of the segments analyzed in the report, is expected to record 30.7% CAGR and reach US$1.3 Billion by the end of the analysis period. Growth in the Supply Equipment Communication Controller (SECC) segment is estimated at 32.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $100.9 Million, While China is Forecast to Grow at 30.5% CAGR
The Electric Vehicle Communication Controllers market in the U.S. is estimated at US$100.9 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$354 Million by the year 2030 trailing a CAGR of 30.5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 27.9% and 26.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 22% CAGR.
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