Press release
Wireless Car Charging Market Estimated to Expand at a US$ 3,147 Mn by 2025 end
The global wireless car charging market is segmented on the basis of base station into Static and Dynamic. The Static segment is anticipated to remain dominant throughout the forecast period, with a market share of about 70% anticipated by 2025 end. However, this is a drop of 1020 basis points over 2017, which is estimated to record about 80% market share in this segment. The Static segment is estimated to reach a market valuation of US$ 2,214.8 Mn by 2025 end, witnessing a CAGR of 39.3%. However, the Dynamic segment will register the highest CAGR of 49.4% in terms of value.
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The global wireless car charging market is segmented on the basis of type of car into Electric and Hybrid. The Electric segment is the largest segment with a projected market share of more than 70% by the end of 2025. This is the most attractive segment in the global wireless car charging market and is expected to witness steady growth in terms of revenue throughout the forecast period.
The global wireless car charging market is segmented on the basis of technology into Inductive Charging and Hybrid-Inductive Resonance. Inductive Charging is the largest segment, expected to hold about 72% market share by the end of 2025. At a 40.0% CAGR in terms of value, this segment is likely to remain dominant in the global wireless car charging market during the forecast period.
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The global wireless car charging market is segmented into the key geographies of Americas, EMEA, and Asia Pacific. Asia Pacific is the dominant regional market with a projected market share of more than 50% by the end of the forecast period in 2025. APAC is also the most attractive regional market in the global wireless car charging market, with high Y-o-Y growth rates anticipated to be registered during the forecast period.
The report profiles some of the leading companies operating in the global wireless car charging market such as Qualcomm Technologies, Inc., Evatran, LLC (Plugless Power), WiTricity Corporation, Momentum Dynamics Corp., Toshiba Corporation, Mojo Mobility, Inc., HEVO, Inc., Bombardier Inc., TDK Corporation, Denso Corporation, and ZTE Corporation.
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