Market Research Report
Global In-Car Wireless Charging Market, By Technology, By Charging Standard, By Device Type, By Vehicle Type, By Distribution,By Region: Forecast to 2023
|Published by||Market Research Future||Product code||781820|
|Published||Content info||122 Pages
Delivery time: 1-2 business days
|Global In-Car Wireless Charging Market, By Technology, By Charging Standard, By Device Type, By Vehicle Type, By Distribution,By Region: Forecast to 2023|
|Published: January 31, 2019||Content info: 122 Pages||
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.
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. The global in-car wireless charging market is expected to grow at 40.8% CAGR during the forecast period 2017-2023. 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%.
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, 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.