Global In-Car Wireless Charging System 2017 Analysis and Forecasts to 2021

MarketResearchNest.com adds “Global In-Car Wireless Charging System Market 2017-2021” new report to its research database. The report spread across 63 pages with table and figures in it.
Research analysts forecast the global in-car wireless charging system market to grow at a CAGR of 43.75% during the period 2017-2021.

"About In-car Wireless Charging System
In-car wireless charging system (WCS) comprise wireless chargers used to charge electronic gadgets, such as smartphones, tablets, and MP3/WAV players in the car. The device charges the gadgets through inductive charging or magnetic resonance technology. The market is segmented in three regions APAC, Americas and EMEA. The two segments of WCS in terms of end-user are OEM-fitted and Aftermarket. The market encompasses in-car WCS docks, adapter, and case/cover that used for wireless charging of electronic gadgets in cars.

Covered in this report
The report covers the present scenario and the growth prospects of the global in-car wireless charging system market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

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The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global In-car Wireless Charging System Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Technavio recognizes the following companies as the key players in the global in-car wireless charging system market: Wireless Power Consortium (WPC), Powermat Technologies, and Qualcomm Technologies.

Other Prominent Vendors in the market are: Mojo Mobility, PowerbyProxi, and Put2Go.

Commenting on the report, an analyst from Research team said: “One trend in the market is rising acceptance of long distance travelling. In-car WCS is an OEM/factory fitment that is usually available in luxury cars and mid-premium vehicles. In 2015, more than 80% of the in-car WCS market comprised of luxury cars, it is expected that it will continue to so be during the forecast period. The increasing focus toward luxury cars can be attributed to the comfort level and safety offered by these vehicles for long distance travelling.”

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According to the report, one driver in the market is newer smartphone models with built-in support for wireless charging. Until 2015, only a minority of phones supported WCS. Therefore, they needed an additional case/cover to support in-car WCS. As the number of smartphone and tablet users, who spent productive time in vehicles, is increasing globally, the additional need of case/covers for WCS has limited this market in vehicles. To counter this issue, during the last 3 years, many smartphone OEMs have come up with smartphone models with built-in compatibility or support module for WCS.

Further, the report states that one challenge in the market is in-car WCS currently offers only slow charge option. The current WCS standards, such as Qi, limits the power supply of in-car WCS to 5W, which is equal to 1A plug used for charging. With this specification, fully charging a gadget can take up to 5 hours. Normal wired USB cable charger can fully charge a gadget in maximum 4 hours. Therefore, along with the high cost of in-car WCS, charging hours are also sacrificed. Generally, a 2A wall plug-in type charger can charge gadgets in less than three hours. Phones with fast charge technology can be charged within 2 hours.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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