In-car wireless charging market report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the In-car wireless charging market by region.
The global in-car wireless charging market is expected to grow at 40.8% CAGR during the forecast period 2017-2023.
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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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. 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%.
According to Statista, as of 2021 data, the United States held over ~36% of the global market share for information and communication technology (ICT). With a market share of 16%, the EU ranked second, followed by 12%, China ranked third. In addition, according to forecasts, the ICT market will reach more than US$ 6 trillion in 2021 and almost US$ 7 trillion by 2023. In today’s society, continuous growth is another reminder of how ubiquitous and crucial technology has become. Over the next few years, traditional tech spending will be driven mainly by big data and analytics, mobile, social, and cloud computing.
This report analyzes the global primary production, consumption, and fastest-growing countries in the Information and Communications Technology(ICT) market. Also included in the report are prominent and prominent players in the global Information and Communications Technology Market (ICT).
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The key players of in-car wireless charging market 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).
Global In-Car Wireless Charging Market Analysis & Forecast, from 2017 to 2023
> To provide a detailed analysis of the market structure along with a forecast of the various segments and sub-segments of the in-car wireless charging market
> To provide insights about factors affecting the market growth
> To analyze the in-car wireless charging market based on Porter’s five force analysis
> To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries?North America, Europe, Asia-Pacific, and the rest of the world
> To provide country-level analysis of the market with respect to the current market size and future perspective
> To provide country-level analysis of the market for segments on the basis of technology, charging standard, device type, vehicle type, distribution, and region
> To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
> To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the in-car wireless charging market
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> Investors and consultants
> Technology Investors
> Research/Consultancy Firms
> Industrial Automation Service Providers
> Technology Investors
> Governments and Financial Institutions
> Original Equipment Manufacturers
> 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.
Regional and Country Analysis of In-Car Wireless Charging Market Estimation and Forecast
Global in-car wireless charging market, by region, is expected to be led by North America with the CAGR of 40.1% during forecast period. Europe has successfully accounted for the second position in the in-car wireless charging market with a CAGR of 40.7%. Asia-Pacific is the fastest growing market with 42.0% CAGR. However, the rest of the world is growing with a slow CAGR of 41.0% during the forecast period.
The report on the global in-car wireless charging market also covers the following country-level analysis:
> North America
o Rest of Europe
o South Korea
o Rest of Asia-Pacific
> Rest of the World
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TABLES OF CONTENTS
EXECUTIVE SUMMARY, MARKET INTRODUCTION, RESEARCH METHODOLOGY, MARKET DYNAMICS, MARKET FACTOR ANALYSIS, COMPETITIVE LANDSCAPE, COMPANY PROFILES ………….. read more
Our market research provides vital intelligence on market size, business trends, industry structure, market share, and market forecasts that are essential to developing business plans and strategy.
A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021
Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.
The Study Explore COVID 19 Outbreak Impact Analysis
What should be entry strategies, countermeasures to economic impact, and marketing channels? What are market dynamics? What are challenges and opportunities? What is economic impact on market? What is current market status? What’s market competition in this industry, both company, and country wise? What’s market analysis by taking applications and types in consideration?
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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis
The study objectives of this report are:
To study and analyze the global market size (value & volume) by company, key regions/countries, products and application, history data, and forecast to 2025. To understand the structure of market by identifying its various subsegments. To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks). Focuses on the key global manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years. To analyze the growth trends, future prospects, and their contribution to the total market. To project the value and volume of submarkets, with respect to key regions (along with their respective key countries). To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market. To strategically profile the key players and comprehensively analyze their growth strategies.
Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.
Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam
In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.
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What is the goal of the report?
The market report presents the estimated size of the ICT market at the end of the forecast period. The report also examines historical and current market sizes. During the forecast period, the report analyzes the growth rate, market size, and market valuation. The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets. The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.
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