Press release
In-Car Wireless Charging Market Advanced Technologies and Growth opportunities in Industry with Key Players 2019: Hella KGaA Hueck & Co. (Germany), Samsung Electronics Co., Ltd (South Korea), ZENS (Netherlands) and More..
In-Car Wireless Charging Market
In-car wireless charging is based on wireless technology and used for powering up devices such as smartphones, smartwatches, and music players by using charging transmitters and receiver pads. These charging devices are highly adopted in electric vehicles, fuel-based luxury cars, and premium vehicles. Various auto manufacturers such as Mercedes and BMW are integrating retrofit charging devices largely based on Qi standards. The Qi standard is compatible with most of the advanced smartphones with wireless charging capability.
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Global In-Car Wireless Charging market 2019 research lays out the knowledge to achieve positive growth and presents different methods for maximizing your profit. The market study puts forward estimates for Global In-Car Wireless Charging Market 2019 analysis and Forecast till 2025. Some of the leading Companies incorporated in this Research are Hella KGaA Hueck & Co. (Germany), Samsung Electronics Co., Ltd (South Korea), ZENS (Netherlands), Infineon Technologies AG (Germany), Powermat Technologies Ltd (Israel), Qualcomm Technologies, Inc. (US), Apple Inc. (US), Mojo Mobility, Inc. (US), PowerSquare (India), Aircharge (UK), and WiTricity Corporation (US).
Scope of The Report:
The market for in-car wireless charging is expected to show the highest growth rate in Asia-Pacific due to advancements in automotive technology and the increased adoption of electric vehicles. The global in-car wireless charging market is expected to grow at 40.8% CAGR during the forecast period 2017–2023. In 2017, the market was led by North America with 36.19% share, followed by Europe, and Asia-Pacific with shares of 31.2% and 19.4% respectively. There has been a significant development in electric vehicles in China and Japan with retrofit wireless charging pads for smartphones. At present, the US and Germany are the most advanced countries in the adoption of in-car wireless charging. However, Asia-Pacific is experiencing advancements in this field. Thus, the region has become lucrative for the firms that provide in-car wireless charging equipment and components.
The global in-car wireless charging market has been segmented on the basis of technology, charging standard, device type, vehicle type, distribution, and region. Based on technology, inductive power transfer accounted for the largest market share of 67.0% in 2017, with a market value of USD 1,182.6 million, and is projected to grow at a CAGR of 41.1% during the forecast period. Based on device type, the smartphones segment accounted for the largest market share of 81.7% in 2017, with a market value of USD 1441.8 million, and is projected to grow at the CAGR of 40.8%.
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Target Audience
Investors and consultants
Technology Investors
Research/Consultancy Firms
Industrial Automation Service Providers
Technology Investors
Governments and Financial Institutions
Original Equipment Manufacturers
Key Findings
The global in-car wireless charging market is expected to reach USD 13,748 million by 2023
Based on the technology, the segment inductive power transfer is expected to lead the market by generating the highest revenue of USD 1182.6 million in 2017 and is expected to grow with 41.1% CAGR in the forecast period
Based on the charging standard, the Qi standard segment led the market by generating the highest revenue of USD 1410.5 million in 2017 and is expected to grow with 41.2% CAGR during the forecast period
Based on the device type, the smartphones segment led the market by generating the highest revenue of USD 1441.8 million in 2017 and is expected to grow with 40.8% CAGR in the forecast period
Based on the vehicle type, the segment fuel-based led the market by generating the highest revenue of USD 1034.6 million in 2017 and is expected to grow with 41.0% CAGR in the forecast period
Based on the distribution, the OEM segment led the market by generating the highest revenue of USD 1217.8 million in 2017 and is expected to grow with 41.4% CAGR in the forecast period
Geographically, North America region has been projected to hold the largest market share in the global in-car wireless charging market, followed by Europe.
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