Press release
In-Car Wireless Charging Market Is To Grow at A CAGR of 43%By 2023 | Key Leaders by BMW, Mercedes-Benz, Hyundai Motor, Jaguar, Apple, Powermat, Ford Motor
In-Car Wireless Charging Market Segment by Device (Smartphones, Tablets, MP3/WAV Players), Sales Distribution (OEM-fitted, Aftermarket), Application (Premium &Luxury Cars, Sports Car & Mid-Segment & Basic Cars) by Global Forecast till 2023
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Market Highlights:
The significant benefits of in-car wireless charging are it eliminates the need to carry multiple chargers, thereby addressing the concerns related to the battery life of connected devices. Other aspects such as increased trade activity and rising vehicle volumes on-road over a long distance compel the use of infotainment technologies including GPS navigation. However, use of wireless charging on the go can pose as a convenience for drivers. On the other hand, the adoption of wireless charging technology in the automotive sector is hampered by several challenges such as lack of universal standard and incompatibility with the existing devices.
The global in-car wireless charging market is segmented by device, sales channel, and application. The device segment consists of smartphones, tablets, MP3/WAV players and others. The sales channel consists of OEM manufacturers and aftermarket. The application segments consist of premium and luxury cars, sports car and mid-segment & basic cars.
In-Car Wireless Charging Market Key Players:
Some of the key players in the market: Wireless Power Consortium (U.S.), Powermat Technologies Ltd. (Israel), Qualcomm Technologies, Inc. (U.S.), Apple, Inc. (U.S.), Mojo Mobility, Inc. (U.S.), Toyota Motor Corporation (Japan), General Motors (U.S.), The Ford Motor Company (U.S.), Jaguar (U.K), The Hyundai Motor Company (South Korea), BMW (Germany), Mercedes-Benz (Germany) and others.
In-Car Wireless Charging Market Segmentation:
The global in-car wireless charging market is segmented by device, sales channel, and application. The device segment consists of smartphones, tablets, MP3/WAV players and others. The sales channel consists of OEM manufacturers and aftermarket. The application segments consist of premium and luxury cars, sports car and mid-segment & basic cars.
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In-Car Wireless Charging Market Regional Analysis:
The global in-car wireless charging market is studied in Asia Pacific, North America, Europe, and Rest of the World. It is observed that the European market accounts for a major share owing to prominent luxury and premium car market in the region. The presence of luxury brands such as Audi, BMW, and Mercedes Benz that offer wireless charging systems in their cars has boosted the market growth in the European market. North America accounts for second highest share owing to the fast adoption of advanced technology in the U.S. has paved the way for the growth of in-car wireless charging market. Whereas, Asia Pacific is expected to witness comparatively high growth during the forecast period 2017-2025. Improvise in the standard of living, increase in disposable income, and rising per capita ownership of premium cars is fueling the market in the Asia Pacific market.
Intended Audience
• Technology Investors
• Research/Consultancy Firms
• Industrial Automation Service Providers
• Technology Investors
• Governments and Financial Institutions
• Original Equipment Manufacturers
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