Research report covers Global In-Car Wireless Charging System Market to Garner Brimming Revenues: Put2Go, Wireless Power Consortium (WPC), Powermat Technologies,

Overview:

In-car wireless charging is used to charge electric devices such as tablets, mobile phones, MP3, etc. inside the car. In this technology, electricity is transferred through an air gap from one magnetic coil in the charger to a second magnetic coil fitted to the car. Inductive charging is used to charge the devices, whereby power is created by an electrical current using two coils to create an electromagnetic field. The current is converted into Direct Current (DC), which in turn charges the in-built battery. In-car wireless charging is touted as a fast-emerging technology for modern cars. The global In-car wireless charging system market was valued at US$ 1,700 2017 million and is expected to reach US$ 13,742 million by 2023. In terms of geography, the global In-car wireless charging system market is divided into six regions, such as North America, Europe, Asia Pacific, Middle East, Africa, and South America.

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Drivers:

Rise in technological innovation, increasing mobile and internet penetration, increasing safe and effective charging methods, growth in production of smart automotive, increasing urbanizations, increasing demand for electric vehicles, and the inclination for luxury cars is expected to aid the global In-car wireless charging system market. Moreover, the need to carry multiple chargers is eliminated, thereby efficiently addressing concerns related to battery life. For instance, there are 5.15 billion unique mobile phone users in the world, according to the latest data from GSMA Intelligence. Moreover, more than 75% of the world population is mobile-enabled, according to a study from the World Bank. Furthermore, individuals possessing their own method of transportation and increased use of cell phones and other electronic gadgets is expected to fuel the global In-car wireless charging system market growth.

Restraints:

Technical challenges, incompatibility with several existing devices, and lack of a universal standard are expected to hamper the global In-car wireless charging system market.

Regional Insights:

North America and Europe are prominent regions in the global In-car wireless charging system market due to developed economies, rising urbanization and standardization, and the rising technology acceptance. For instance, in October 2017, Apple acquired PowerbyProxi, which specializes in wireless charging technologies based on the Qi wireless standard, this acquisition was aimed to help people charge their phones wirelessly and easily.

The Asia Pacific is also expected to rise in the global In-car wireless charging system market due to improved standard of living, rising acceptance in innovations, and reducing costs of electric vehicles.

Competitive Section:

Major players operating in the global In-car wireless charging system market are Put2Go, Wireless Power Consortium (WPC), Powermat Technologies, PowerbyProxi, Qualcomm Technologies, and Mojo Mobility.

In February 2019, Qualcomm announced a quick charge for wireless power and introduced Qi Interoperability.

In December 2018, Powermat launched a new flexible wireless charging experience with AgileInductive technology.

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This report is a comprehensive research on the In-Car Wireless Charging System market. It is designed to analyze and forecast the size of the In-Car Wireless Charging System market across a variety of industries, includes short-term and long-term trends that affect market conditions. In addition, the report provides market momentum, constraints, and potential opportunities.

Research studies use the analysis of the different types of information contained in the survey to analyze In-Car Wireless Charging System at the global, regional, and national levels. The main strategies seen by In-Car Wireless Charging System companies in recent years are diversification, application expansion, and investment in new markets.

In-Car Wireless Charging System Market Report helps industrial, and commercial buyers, manufacturers, governments, and other stakeholders implement market-centric tactics in line with forecasts for general trends within the global market. It's a good compilation of all the data you need.

The report primarily looks at In-Car Wireless Charging System market size, recent trends and developments, investment opportunities, market dynamics (driving factors, restraining factors, etc.), and industry news (merger, acquisition, investment, etc.). Technological innovations and advances will further optimize product performance and make it more widely used in downstream applications. In addition, Porter's Five Forces Analysis (potential entrants, suppliers, agents, buyers, industry competitors) provides important information to know the In-Car Wireless Charging System market.

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