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Interconnected Evolution of EV Technologies: Power, Protection, and Intelligence | Exactitude Consultancy

EV Technologies: Power, Protection, and Intelligence Market Outlook

Luton, Bedfordshire, United Kingdom, June 19, 2025 (GLOBE NEWSWIRE) -- As the world accelerates toward electrification, the electric vehicle (EV) landscape is being reshaped by an interconnected ecosystem of technologies. These innovations are not isolated developments but form a narrative of energy efficiency, digital communication, and cyber defense. From the power sources within EVs to the complex web of communication and security protocols, the future of mobility is defined by their convergence.

The Rise of Solid-State Batteries: Powering the Future

At the heart of every advanced EV lies its battery. In 2024, the solid-state battery market was valued at approximately USD 1.2 billion. Offering higher energy density, enhanced safety, and longer lifespan than traditional lithium-ion batteries, these power sources represent a transformative shift. The market is forecasted to reach nearly USD 26 billion by 2034, expanding at a compound annual growth rate (CAGR) of 36%.

Major players such as Toyota, Samsung SDI, QuantumScape, ProLogium, and CATL are investing heavily in scaling up production. Their focus is on overcoming technical challenges related to temperature sensitivity and manufacturing cost, aiming for mass commercialization by the end of the decade. As solid-state batteries become viable, they will not only enhance EV performance but will also drive demand for complementary technologies.

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Wireless Charging: The Convenience Revolution

Wireless EV charging is another transformative element in the EV story. From a modest market valuation of USD 57 million in 2024, it is expected to surge to as high as USD 33 billion by 2034, with a staggering CAGR of up to 89%. The adoption of wireless charging infrastructure—whether in garages, public parking, or dynamic systems embedded in roadways—will eliminate one of the primary friction points for EV users: plug-in charging.

Companies like WiTricity, Qualcomm, Evatran, and Tesla are leading innovation in this space. The integration of wireless charging systems with vehicle battery management software will ensure optimal energy flow and heat management, especially as battery chemistries become more sophisticated.

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Battery Management Systems: The Silent Guardian

As energy storage improves, the role of the Battery Management System (BMS) becomes increasingly critical. BMS ensures safe operation by monitoring battery health, voltage, and temperature. In 2024, the market was valued at USD 8.4 billion and is projected to exceed USD 56 billion by 2034, growing at a CAGR of around 18.5%.

Bosch, Denso, LG Innotek, and NXP are at the forefront of BMS development. With the advent of solid-state batteries and faster charging systems, the sophistication of BMS will increase, demanding higher computational power and more robust integration with vehicle operating systems.

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The Cybersecurity Imperative in EVs

EVs are no longer just vehicles; they are connected, mobile computing platforms. As connectivity increases, so do the risks. The automotive cybersecurity market, valued at around USD 4 billion in 2024, is expected to reach USD 25 billion by 2034 at a CAGR of 20%.

Cybersecurity is crucial for defending against hacking attempts that can compromise vehicle controls, user data, and fleet systems. Key players such as Harman, Continental, Argus Cyber Security, Karamba Security, and Upstream Security are developing intrusion prevention systems, firewalls, and secure cloud interfaces.

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Intrusion Detection Systems: Real-Time Protection

As threats evolve, the ability to detect them in real-time is paramount. Automotive Intrusion Detection Systems (IDS) act as an immune system for the vehicle’s electronic control units (ECUs). The IDS market, worth approximately USD 6.3 billion in 2024, is projected to reach USD 20 billion by 2034, growing at a CAGR of around 12%.

Vendors like Trillium Secure, Upstream, and Baidu Apollo are pioneering in-vehicle and cloud-based IDS technologies. These systems continuously monitor for anomalies, ensuring that any breach attempt is quickly isolated and neutralized.

Vehicle-to-Everything (V2X): The Intelligent Communicator

Another critical aspect of EV development is Vehicle-to-Everything (V2X) communication. By allowing EVs to interact with each other, with infrastructure, and with pedestrians, V2X enhances road safety and traffic efficiency. In 2024, the global V2X market was valued at around USD 1.9 billion and is forecast to grow to USD 80 billion by 2034, reflecting a CAGR of approximately 45%.

Qualcomm, NXP Semiconductors, and Cohda Wireless are key enablers of V2X. The growth of this market is closely tied to the development of 5G networks and smart city infrastructure, creating seamless communication loops that elevate autonomous driving capabilities.

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V2X Security: Protecting the Connected Vehicle

As V2X adoption increases, securing these communication pathways becomes essential. The V2X cybersecurity market, valued at USD 1.6 billion in 2024, is projected to grow to USD 9.3 billion by 2034, expanding at a CAGR of nearly 19%.

Security companies like ETAS, Cisco, IBM, and Viakoo are developing cryptographic authentication protocols and anomaly detection systems to protect vehicle communications from spoofing and signal interception.

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Automotive Secure Gateways: The Central Hub

All of these systems—BMS, wireless charging, V2X, cybersecurity—require a secure channel for communication. That’s where the automotive secure gateway comes in. It acts as a central traffic controller, managing data flow between internal and external networks.

Although specific market data for secure gateways by 2034 is limited, the broader automotive gateway market was valued at USD 4.6 billion in 2022 and is projected to reach USD 8.4 billion by 2032, reflecting a 6% CAGR. Companies like Bosch, Denso, and NXP are advancing gateway solutions that can handle encrypted communications and policy enforcement.

The Integrated Future of EV Technologies

All these innovations—solid-state batteries, wireless charging, BMS, cybersecurity, V2X, and secure gateways—are not operating in silos. They are part of a tightly integrated system that defines the modern EV.

Solid-state batteries enable higher performance, which demands more advanced BMS and wireless charging. Greater connectivity through V2X expands the attack surface, which in turn calls for advanced cybersecurity and IDS. All these systems converge at the secure gateway, ensuring the safe and efficient operation of the EV.

By 2034, EVs will not just be electric—they will be autonomous, intelligent, and impenetrably secure. This transformation is being led by a diverse set of global innovators, working across different domains but building toward a shared vision of sustainable and secure mobility.

The decade ahead is not just about electrification. It’s about orchestrating a symphony of technologies to build vehicles that are smarter, safer, and seamlessly integrated into our digital lives.

Key Players in the EV Technology Ecosystem

  • Toyota
  • QuantumScape
  • Samsung SDI
  • CATL
  • Bosch
  • WiTricity
  • Qualcomm
  • Tesla
  • Evatran (Plugless)
  • Harman
  • Argus Cyber Security
  • Karamba Security
  • Upstream Security
  • NXP Semiconductors
  • Cohda Wireless

Recent Developments:

1. QuantumScape

  • Production ramp-up of "Cobra" separator equipment: In December 2024, QuantumScape successfully installed and commissioned its “Cobra” ceramic-separator heat-treatment system, enabling higher-volume sample output for its QSE‑5 solid‑state battery cells starting in 2025.
  • Licensing deal with Volkswagen PowerCo: In July 2024, they signed a landmark agreement allowing PowerCo to manufacture up to 40 GWh annually (expandable to 80 GWh) of solid‑state cells using QuantumScape’s tech, with payments totaling $130 million upfront.
  • Low-volume QSE-5 B‑sample production: Production of B‑sample cells with 844 Wh/L energy density and 10–80 % charging in ~12–15 minutes began in late 2024. Full “Cobra” ramp-up will support higher-volume B1 samples by mid‑2025.

2. WiTricity

  • Japanese expansion & industry consortium: In April 2024, WiTricity established a subsidiary in Japan and co-founded an EV wireless-power transfer council, aiming to set standards and foster interoperability.
  • Fleet pilot at Port of Long Beach: In May 2024, their wireless charging system was selected for a pilot installation on Ford E‑Transit vans operated by International Transportation Service.
  • Leadership update: Joe Benz was appointed CEO in May 2024, signaling a strategic push into global wireless EV adoption.

3. Karamba Security

  • Annual Automotive Vulnerabilities Report (2023): Released April 2024, the report analyzed firmware across hundreds of ECUs, highlighting security gaps in Rich‑OS and AUTOSAR platforms, and offering OEMs practical compliance guidance for UN R155 and ISO/SAE 21434.
  • Product showcase at CES 2023: Demonstrated its VCode binary scanner, XGuard embedded protection, and supply-chain security solutions—as part of their compliance commitment—to major OEMs including Volvo, Fisker, and Nikola.

4. Qualcomm

  • Wireless charging and V2X integration: Qualcomm continues to push the boundaries of wireless charging and V2X. While not a single press release, key industry momentum includes Qi2 enablers and cellular-V2X initiatives supported by Qualcomm chipsets.
  • Cross-industry alliances: As part of the global Qi2 roll-out in 2025 and alignment with SAE J2954 standards, Qualcomm’s wireless-power expertise is increasingly embedded in vehicle-integrated charging and advanced driver-assistance systems.

5. Bosch

  • Secure gateway and BMS development: Though no single news article, Bosch maintains leadership in BMS, secure gateways, and cybersecurity. Their ongoing integration of secure ECU gateways aligns with growing market demand; their systems are being embedded by automakers to meet rising safety and regulatory standards. Bosch's activity is implied in broader market expansion context from 2022 through expected 2032 growth.

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More Research Finding –

Electric Vehicle Charging Services Market

The global electric vehicle (EV) charging services market is poised for significant growth, with a current value estimated at approximately $12.5 billion in 2024. As the industry matures, projections indicate the market will expand to around $45 billion by 2034, reflecting a robust Compound Annual Growth Rate (CAGR) of about 14.1% during the forecast period from 2025 to 2034.

https://exactitudeconsultancy.com/reports/64889/electric-vehicle-charging-services-market

Electric Vehicle EV DC Fast Charger Market

The global market for Electric Vehicle (EV) DC fast chargers is valued at approximately $5 billion, reflecting robust growth driven by increasing EV adoption and government support for electrification. The market is projected to reach around $15 billion by 2034, representing a significant opportunity for stakeholders. This translates into a Compound Annual Growth Rate (CAGR) of approximately 13.4% during the forecast period from 2025 to 2034.

https://exactitudeconsultancy.com/reports/64885/electric-vehicle-ev-dc-fast-charger-market

Industrial Power Inverter Market

The global industrial power inverter market is valued at approximately $12 billion in 2024, with projected growth driving the market to reach around $22 billion by 2034. This reflects a robust compound annual growth rate (CAGR) of 6.6% over the forecast period from 2025 to 2034.

https://exactitudeconsultancy.com/reports/64581/global-industrial-power-inverter-market

Electric Vehicle EV On Board Charger Market

The global electric vehicle (EV) on-board charger market is expected to reach approximately $4.6 billion in 2024. Driven by the increasing adoption of electric vehicles, stringent emissions regulations, and technological advancements in EV charging solutions, the market is projected to grow significantly over the next decade. By 2034, the market value is anticipated to soar to around $10.8 billion, representing a compound annual growth rate (CAGR) of approximately 8.7% during the forecast period of 2025–2034.

https://exactitudeconsultancy.com/reports/64576/global-electric-vehicle-ev-on-board-charger-market

Electric Vehicle Busbars Market

The global market for electric vehicle (EV) busbars is valued at approximately $1.2 billion in 2024. The market is projected to grow substantially, reaching an estimated $3 billion by 2034, driven by increasing electric vehicle adoption and advancements in charging infrastructure. This results in a Compound Annual Growth Rate (CAGR) of around 9.4% over the forecast period from 2025 to 2034.

https://exactitudeconsultancy.com/reports/64501/global-electric-vehicle-busbars-market

Electric Vehicle Flat Wire Motor Market

The global electric vehicle (EV) flat wire motor market is projected to reach a value of approximately $4.5 billion in 2024, driven by the increasing demand for efficient and compact motor solutions in electric vehicles. This market is expected to grow impressively, with a projected value of around $10 billion by 2034, reflecting strong adoption trends across the automotive sector.

https://exactitudeconsultancy.com/reports/64159/global-electric-vehicle-flat-wire-motor-market

Electric Vehicle Charging Infrastructure Market

The global electric vehicle (EV) charging infrastructure market is valued at approximately $27 billion in 2024. This market is poised for significant expansion, with a projected worth reaching around $71 billion by 2034. This growth represents an impressive Compound Annual Growth Rate (CAGR) of about 10.3% during the forecast period from 2025 to 2034.

https://exactitudeconsultancy.com/reports/64025/global-electric-vehicle-charging-infrastructure-market

Electric Vehicle Thermal Management System Market

The global electric vehicle (EV) thermal management system market is valued at approximately $4.5 billion in 2024 and is anticipated to reach around $12.8 billion by 2034. This growth represents a robust Compound Annual Growth Rate (CAGR) of approximately 11.1% during the forecast period from 2025 to 2034.

https://exactitudeconsultancy.com/reports/63828/global-electric-vehicle-thermal-management-system-market

Electric Vehicle AC Charging Station Market

The global electric vehicle (EV) AC charging station market is poised for significant growth, valued at approximately $9.4 billion in 2024. Analysts project a robust increase, anticipating the market will reach around $25 billion by 2034, reflecting an impressive Compound Annual Growth Rate (CAGR) of about 10% during the period from 2025 to 2034.

https://exactitudeconsultancy.com/reports/62095/global-electric-vehicle-ac-charging-station-market

Electric Vehicle EV Charging Equipment Market

The global electric vehicle (EV) charging equipment market is valued at approximately $30 billion, reflecting the rapid growth driven by increasing EV adoption and stringent environmental regulations. The market is projected to reach $120 billion by 2034, representing a robust Compound Annual Growth Rate (CAGR) of around 15% during the forecast period from 2025 to 2034.

https://exactitudeconsultancy.com/reports/61518/global-electric-vehicle-ev-charging-equipment-market

Battery Cases for Electric Vehicle Market

The global market for battery cases for electric vehicles (EVs) is poised for significant growth, valued at approximately $5.6 billion in 2024. It is projected to reach around $12.8 billion by 2034, spurred by the rapid adoption of electric vehicles and advancements in battery technologies. The market is expected to exhibit a robust Compound Annual Growth Rate (CAGR) of 8.5% during the forecast period from 2025 to 2034.

https://exactitudeconsultancy.com/reports/61333/global-battery-cases-for-electric-vehicle-market

Battery Grade Manganese Sulphate Market

The global battery grade manganese sulfate market is poised for significant growth, with a current market value projected at approximately $1.2 billion in 2024. By 2034, this market is expected to reach around $3.5 billion, reflecting a robust Compound Annual Growth Rate (CAGR) of approximately 11.3% during the forecast period from 2025 to 2034.

https://exactitudeconsultancy.com/reports/61227/global-battery-grade-manganese-sulphate-market

Electric Vehicle Electronic Expansion Valve EXV Market

The global Electric Vehicle Electronic Expansion Valve (EXV) market is valued at approximately $500 million in 2024, driven by the increasing adoption of electric vehicles (EVs) and advancements in thermal management systems. The market is projected to reach around $1.2 billion by 2034, reflecting a robust growth trajectory.

https://exactitudeconsultancy.com/reports/60768/global-electric-vehicle-electronic-expansion-valve-exv-market

Li-ion Battery for Energy Storage Systems ESS Market

The global lithium-ion (Li-ion) battery market for energy storage systems (ESS) is poised for significant growth, currently valued at approximately $10 billion in 2024. Projections indicate that this market could reach around $35 billion by 2034, reflecting increased demand for sustainable energy solutions and advancements in battery technologies.

https://exactitudeconsultancy.com/reports/60738/global-li-ion-battery-for-energy-storage-systems-ess-market

Electric Vehicle EV Suspension System Market

The global electric vehicle (EV) suspension system market is poised at approximately $4.5 billion in 2024, exhibiting robust growth amid increasing EV adoption and technological advancements. The market is projected to reach around $12 billion by 2034, reflecting a Compound Annual Growth Rate (CAGR) of approximately 11.3% during the forecast period from 2025 to 2034.

https://exactitudeconsultancy.com/reports/60716/global-electric-vehicle-ev-suspension-system-market

Outdoor Liquid Cooled Energy Storage System Market

The global outdoor liquid cooled energy storage system market is valued at approximately $2.8 billion in 2024, with a strong projected growth trajectory expected to reach around $6.5 billion by 2034. This represents a Compound Annual Growth Rate (CAGR) of about 9.1% during the forecast period from 2025 to 2034.

https://exactitudeconsultancy.com/reports/60308/global-outdoor-liquid-cooled-energy-storage-system-market

Li-ion Battery for Energy Storage Systems ESS Market

The global lithium-ion (Li-ion) battery market for energy storage systems (ESS) is poised for significant growth, currently valued at approximately $10 billion in 2024. Projections indicate that this market could reach around $35 billion by 2034, reflecting increased demand for sustainable energy solutions and advancements in battery technologies.

https://exactitudeconsultancy.com/reports/60738/global-li-ion-battery-for-energy-storage-systems-ess-market

Electric Vehicle EV Suspension System Market

The global electric vehicle (EV) suspension system market is poised at approximately $4.5 billion in 2024, exhibiting robust growth amid increasing EV adoption and technological advancements. The market is projected to reach around $12 billion by 2034, reflecting a Compound Annual Growth Rate (CAGR) of approximately 11.3% during the forecast period from 2025 to 2034.

https://exactitudeconsultancy.com/reports/60716/global-electric-vehicle-ev-suspension-system-market

Outdoor Liquid Cooled Energy Storage System Market

The global outdoor liquid cooled energy storage system market is valued at approximately $2.8 billion in 2024, with a strong projected growth trajectory expected to reach around $6.5 billion by 2034. This represents a Compound Annual Growth Rate (CAGR) of about 9.1% during the forecast period from 2025 to 2034.

https://exactitudeconsultancy.com/reports/60308/global-outdoor-liquid-cooled-energy-storage-system-market


Irfan Tamboli (Head of Sales)
Phone: + 1704 266 3234
Email: sales@exactitudeconsultancy.com

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