EV Charger Cellular Connectivity Market size was estimated at USD 5.3 billion in 2024 and is projected to attain USD 39.5 billion in 2037 surging at a CAGR of 18.2% during the forecast period i.e. 2025 to 2037. In 2025, the industry size of EV charger cellular connectivity is assessed at USD 6.2 billion. This rising traction in the market has increased due to the growth in electric vehicles and the expanding need for smart, networked charging solutions. For instance, according to the reports of the International Energy Agency, the sale of EVs in 2023 has increased up to 3.5 million compared to 2022, with a 35% surge with 14 million registered electric cars.
Furthermore, cellular connectivity plays a critical role in enabling real-time communication between the EV chargers and the central networks, thus making way for remote monitoring, diagnostics, and management of the charging infrastructure. This further boost market growth by incorporating support features such as dynamic pricing, load balancing, and over-the-air software updates. For instance, in September 2023, FLO tested and developed plug-and-charge and wireless charging technologies in collaboration with industry leaders Hubject and WiTricity, advancing the future of EV charging. In addition, with ambitious electrification and sustainability targets set by most major economies, the demand for robust, scalable, and secure charging networks will rise, especially considering the growing presence of the EV market worldwide.
Coupled with 5G technology and advancements in IoT, cellular connectivity further accelerates the ability to support the increasing complexity and scale of the EV charging ecosystem, from reliable, high-speed data transmission to critical real-time information exchange. These factors combine to position the cellular connectivity market for EV chargers as a central, driving factor in the electric mobility revolution more broadly. Another market-boosting factor is the need for environmental protection. In May 2023, the EU passed a landmark law requiring all new cars sold to have zero CO2 emissions by 2035. European countries are racing to prepare the infrastructure needed for fossil fuel-free mobility. Sweden is all set to build the world's first e-motorway as the stepping stone to an expansion of another further 3,000 km of electric roads by 2035.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
18.2% |
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Base Year Market Size (2024) |
USD 5.3 billion |
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Forecast Year Market Size (2037) |
USD 39.5 billion |
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Regional Scope |
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Technology (4G LTE, 5G, NB-IoT)
4G LTE segment is projected to capture EV charger cellular connectivity market share of over 34.8% by 2037, owing to an extensive 4G network infrastructure in all urban and rural geographies. As a relatively mature technology, 4G LTE supports reliable, high-speed connectivity, allowing real-time monitoring, payment processing, load balancing, and remote diagnostics. For instance, in November 2022, Blink by introducing 30 kW DCFC highlighted size and power output up to 100 amps and 1000 volts. Its architecture and responsiveness delivered more than 99% uptime and over-the-air firmware updates to the charging station that connects either with a 4G LTE cellular or Wi-Fi connection. Thus, 4G LTE remains the leading cellular connectivity option based on established coverage, reliability, and data capacity.
Charger Type (AC charger, DC charger, Wireless charger)
In the EV charger cellular connectivity market, AC chargers are projected to dominate through the forecast timeline attributable to the lower installation costs and easy fixation into existing electrical infrastructure. For instance, in January 2024, BT Group proposed an idea that could ensure that EVs are always within range of AC chargers. They begin piloting retrofits of the street to deploy around 60,000 curbside cabinets. Moreover, cellular connectivity in AC chargers supports functionalities such as remote monitoring, fault detection, dynamic pricing, and user authentication, which enhance operational efficiency and the user experience. Furthermore, AC electric vehicle charging stations are cheaper. Thus, AC chargers are preferred due to are mature and wide, leading to low costs of equipment.
Our in-depth analysis of the global market includes the following segments:
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Technology |
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Charger Type |
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Connectivity Type |
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Installation Type |
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North America Market Statistics
North America EV charger cellular connectivity market is predicted to account for revenue share of around 47.8% by 2037. In addition, advanced telecommunications infrastructure in the region provides reliable and scalable cellular connectivity solutions for charging stations in urban and rural settings. Thus, the market is likely to surge and witness an upscaling growth over the foreseeable years.
Robust government initiatives, the high penetration of EVs in the U.S., and ongoing infrastructure development are all likely to create a significant opportunity for growth in the market. For instance, in April 2023, the government announced building EV infrastructure, bringing supply chains home, and unleashing unprecedented private sector investments. In addition, USD 100 billion has already been announced for battery manufacturing to have 50 percent of all new vehicle sales be electric by 2030.
The market in Canada is growing because of a strong commitment to sustainability and government incentives. The federal and provincial governments of Canada have enacted a range of policies, including tax rebates, grants, and significant investment in public charging infrastructure. For instance, in September 2024, the Minister of Energy and Natural Resources announced federal investments of $14.9 million for 20 projects that will install more than 3,000 EV chargers across Canada.
Asia Pacific Market Analysis
Asia Pacific is the most rapidly growing region in the EV charger cellular connectivity market, driven by extensive charging infrastructure and technological developments of IoT, 5G, and cloud-based services making charging even more efficient and user-friendly. In addition, it is highly growing by having lots of electric vehicles and the demand for intelligent, connected infrastructures. Moreover, the local government has been promoting stricter emissions regulations and investing in incentives for adopting EVs, thereby increasing the demand for advanced charging solutions with cellular connectivity to monitor and manage in real-time.
China's market improvements in 5G technology and IoT are further enhancing the efficiency and scalability of EV chargers. Moreover, its favorable ecosystem helps the market to penetrate. For instance, in May 2024, BEV penetration (25% in the first quarter of 2024) is rising rapidly because of low manufacturing costs, fair-to-generous government support, and abundant affordable products. Thus, is expected to lead the market during the forecast period.
While the India EV charger cellular connectivity market is still in its nascent stage, demand for connected and scalable charging solutions will grow along with urbanization requiring efficient charging networks. In addition, the players in the country aim to expand their EVs. For instance, in December 2023, it was published in the report of Bain & Company that by 2030, EVs may capture more than 40% of India's car market and also reach revenues above $100 billion.
The competitive environment in the EV charger cellular connectivity market is largely driven by well-established telecom companies, technology providers, and specialized firms rendering a collaborative approach toward efficient IoT solutions. For instance, in April 2024, Schneider Electric announced three eMobility solutions for the company, EVlink Pro DC 180kW charging stations, EcoStruxure, and EV Advisor EV charging management platform with added functionality for improving uptime and performance. They also focus on embedding smart connectivity functions into charging infrastructure to refine users' experience.
Here’s the list of some key players:
Author Credits: Saima Khursheed
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