Automotive Wireless Charging Market Historical Growth Analysis, Competitive landscape, Demand and Trends Forecast to 2028

According to our latest market study on "Automotive Wireless Charging Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Electromagnetic Induction, Magnetic Resonance); Application (Passenger Vehicles, Commercial Vehicles); Charging Type (Dynamic Wireless Charging System, Stationary Wireless Charging System) and Geography"

Automotive wireless charging involves electromagnetic field for energy, which is generated using electromagnetic induction and is transferred between two objects. With the rising adoption of electric vehicles, several ancillary service sectors are likely to be benefitted. This includes wireless charging services extended by niche service providers. Such high-value applications of Automotive Wireless Charging for electric vehicles validate the growth of Automotive Wireless Charging market in the forecast period.

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Companies Profiled in this report includes: Denso Corporation,  Fulton Innovation,  HEVO Inc,  Momentum Dynamics,  Robert Bosch GmbH,  TDK Corporation,  Texas Instruments Incorporated,  Toyota Motor Corporation,  WiTricity Corporation,  ZTE Corporation

MARKET SEGMENTATION

  The global Automotive Wireless Charging market is segmented on the basis of type, application, and charging type.

  Based on type, the market is segmented as electromagnetic induction, and magnetic resonance.

  On the basis of the application the market is segmented into passenger vehicles and commercial vehicles.

  Based on charging type, the market is segmented as dynamic wireless charging system and stationary wireless charging system.

MARKET DYNAMICS

Drivers:

  Rapid adoption of electric vehicles.

  Increasing demand for hassle-free charging solution

Restraints:

  The time taken to charge electric vehicles is one of the major concerns hampering the market growth.

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IMPACT OF COVID-19 ON AUTOMOTIVE WIRELESS CHARGING MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

Key Factors covered are:

To characterize, portray, and check the Wind LiDAR market based on product type, application, and region.
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.