Global LiDAR Solutions

Global LiDAR Solutions

The Electric Vehicle Charging Communication Unit (CCU) plays a crucial role in the infrastructure for charging Electric Vehicles (EVs), serving as the interface for communication among the EV, charging station, and utility grid. According to Tanalyze analysis, the global EV charging communication unit market is expected to experience a compound annual growth rate (CAGR) of 29.7% in value terms during the forecast period, reaching an estimated value of USD 632.9 million by 2029. The increasing adoption of Electric Vehicles (EVs) has spurred the demand for dependable charging infrastructure and efficient communication systems.

The market size of the global EV charging communication unit is analyzed across various propulsion segments, including Plug-in Hybrid Electric Vehicles (PHEVs) and Battery Electric Vehicles (BEVs) for the specified period. Notably, the PHEV segment has shown significant growth, with a CAGR of 30.0% during the forecast period from 2024 to 2029.

Furthermore, the global EV charging communication unit market is segmented by power categories such as Alternating Current (AC) and Direct Current (DC). AC is the standard electric current used in residential and commercial settings, oscillating between positive and negative directions. The AC segment has displayed notable growth trends, with an expected CAGR of 27.5% during the forecast period from 2024 to 2029.

Key players shaping the competitive landscape include Robert Bosch GmbH, Sensata Technologies, Inc., Mitsubishi Electric Corporation, Neusoft Corporation, Auto Motive Power, Inc., STMicroelectronics N.V., Adecco Group AG, Continental AG, Dana Limited, Ficosa Internacional SA, Hyundai Mobis Co., Ltd., LG Innotek Co., Ltd., Qualcomm Technologies, Inc., Vector Informatik GmbH, Vitesco Technologies GmbH, among others.

This study aims to analyze the global market for various segments of EV charging communication unit, including:

Propulsion: Plug-In Hybrid Electric Vehicle (PHEV) and Battery Electric Vehicle (BEV).

Vehicle Type: Passenger Cars and Commercial Vehicle.

Power: Alternating Current (AC) and Direct Current (DC).

Component: Software and Hardware.

Region: North America (USA, Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), and Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia Pacific).