In-Car Wireless Charging Market to Reach $ 13,700 Mn by 2023: Market Research Future

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In-Car Wireless Charging Market to Attain US
13,700 Mn Valuation by 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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In-Car Wireless Charging Market

The increased usage of smartphones and other
electronic devices has increased the need for
them to be charged on a fairly regular basis. As
many individuals own their personal mode of
transportation, the availability of in car
charging has been seen as an attractive feature.
The development of in-car wireless charging
module and accessories by prominent automobile
manufacturers has spurred further growth of the
market. Moreover, the development of wireless
infrastructures and growing demand for
hassle-free charging solutions have added further
stimulus to the expansion of the market. The in
car wireless charging market is projected to
achieve revenues worth USD 13,748.0 million while
expanding with a CAGR of 40.8 percent in the
forecast period (2017-2023). Benefits of in-car
wireless charging such as the elimination of
charging cables while permitting the charging of
multiple devices parallelly without any plug
compatibility issues are boosting the markets
growth in the forecast period. Refining standards
of life and a continuous upturn in disposable
income together with the progressing digital
habits of consumers and need for comfort is
powering the in-car wireless charging market
significantly. Additionally, a sizeable growth in
the manufacture of luxury coach buses by private
companies is anticipated to boost the market
further. The rising cash inflows also motivate
the development in the in-car wireless charging
systems by automotive manufacturers. Incessant
upgradation in product and innovation strategy is
central to the escalation in business revenue
levels and capture potential new customers in the
developing markets. On the other hand, in car
wireless charging is also estimated to lift the
demand for the adoption of electric vehicles. The
market is expected to flourish in the upcoming
period because of the deployment of
resonance-based charging stations in office
buildings and hotels that will lead to a more
connected city, which will thereby lead to better
integration of information, communication, and
the Internet of Things (IoT) technology
wirelessly. An intensifying level of interest in
the market by top companies providing wireless
car charging products is an additional factor
which could drive the markets progress. Growing
government subsidies are also anticipated to
boost the wireless charging market globally in
the upcoming years. The revolutionary nature of
the product offering of the market will add
increased impetus to the development of the in
car wireless charging market in the forecast
period. Get Free Sample Report _at_ https//www.marke
tresearchfuture.com/sample_request/5746
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In-Car Wireless Charging Market

Segmental Analysis The global In-car wireless
charging market is segmented into technology,
charging standard, device type, vehicle type,
distribution, and region. On the basis of
technology, the market is segmented into
conductive charging, inductive power transfer,
and magnetic resonance charging. By technology,
the inductive power transfer segment is
controlling the in-car wireless charging market.
The Charging standard segment of the market
comprises of PMA standard and Qi standard. The Qi
Standard segment is dominating the charging
standard segment in the market with a CAGR of
41.2 percent in the forecast period. By Device
type, the market is segmented into smartphones
and other devices. The smartphones sub-segment is
leading the market as reported in 2017 and other
devices sub-segment is expected to grow at a
rapid CAGR percent during the forecast period.
The Vehicle type segment of the market comprises
of electric vehicle, fuel based, and hybrid
vehicles. The fuel-based sub-segment is
dominating the vehicle type segment of the market
as reported in 2017 and electric vehicle
sub-segment is projected to develop with a robust
CAGR through the forecast period. The
distribution segment of the market consist of OEM
and aftermarket. By distribution, the OEM
sub-segment is controlling the market with a CAGR
of 41.4 percent through the forecast
period. Detailed Regional Analysis As per the
regional analysis of the In car wireless market,
the North American region is leading the in-car
wireless charging market followed by Europe, and
the Asia Pacific region. The North American
region is presently controlling the in-car
wireless charging market. The key growth in
in-car wireless charging market in the North
American region is accredited to technical
innovations and growing adoption of cloud
technology and internet of things in the region.
The U.S. is the principal hub in-car wireless
charging market in the region and has produced
revenues worth USD 342.9 million in 2017. The
European region is anticipated to continue its
position among the few lucrative regions in the
market through the forecast period. The European
market is responsible for a majority share due to
the presence of a prominent premium and luxury
car market in the region. The existence of luxury
brands in the automobile sector that offer
wireless charging systems in their cars has
enhanced the markets growth in the European
region.
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In-Car Wireless Charging Market

Competitive Analysis The market is highly
competitive with all the players competing to
gain market share. Quick advances in technology,
Strong competition, regular changes in government
policies, and environmental regulations are
important factors that are boosting market
growth. The vendors compete based on cost,
quality, reliability, and aftermarket service.
The eminent market competitors comprise of Zens
(The Netherlands), Hella KGaA Hueck Co
(Germany), Qualcomm Technologies, Inc. (U.S.),
Apple Inc. (U.S.), Samsung Electronics Co., Ltd
(South Korea), Power square (India), Infineon
Technologies AG (Germany), Powermat Technologies
Ltd (Israel), Mojo Mobility, Inc. (U.S.), and
Aircharge(U.K). Get Complete Report
_at_ https//www.marketresearchfuture.com/reports/in-
car-wireless-charging-market-5746
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