Wireless Car Charging Market size was valued at USD 17.3 Billion in 2021, registering a CAGR of 45.2% during the forecast period (2022-2030), and the market is projected to be worth USD 496.3 Billion by 2030.
Wireless car chargers are wireless devices that are used to charge electronic automobiles. These chargers come in a variety of shapes and sizes, and their major motivator is the rise in demand for electronic cars due to a variety of circumstances. Wireless auto chargers are expected to become more popular as the usage of EVs grows.
Wireless Car Charging Market Research Report” was just released by Market Research Community. It is divided into several categories, including Technology (Magnetic Power Transfer, Inductive Power Transfer, Capacitive Power Transfer), Charging Type (Dynamic Wireless Charging Systems, Stationary Wireless Charging Systems), Vehicle Type (Hybrid Electric Cars, Battery Electric Cars), and companies (Bombardier Inc,TDK Corporation, Denso Corporation, ZTE Corporation, Qualcomm Technologies Inc., Evatran LLC, WiTricity Corporation, Momentum Dynamics Corp, Toshiba Corporation, Mojo Mobility Inc., HEVO Inc), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 45.2%, over the forecast period of 2022–2030
The increased adoption of Wireless Car Charging in the Electronic Devices industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Wireless Car Charging also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Wireless Car Charging in many sectors also boosts the market growth during the forecast period.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||496.3 Billion|
|By Technology||Magnetic Power Transfer, Inductive Power Transfer, Capacitive Power Transfer|
|By Charging Type||Dynamic Wireless Charging Systems, Stationary Wireless Charging Systems|
|By Vehicle Type||Hybrid Electric Cars, Battery Electric Cars|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||Bombardier Inc,TDK Corporation, Denso Corporation, ZTE Corporation, Qualcomm Technologies Inc., Evatran LLC, WiTricity Corporation, Momentum Dynamics Corp, Toshiba Corporation, Mojo Mobility Inc., HEVO Inc.|
The COVID-19 pandemic has had a substantial negative influence on the Wireless Car Charging market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Bombardier Inc,TDK Corporation, Denso Corporation, ZTE Corporation, Qualcomm Technologies Inc., Evatran LLC, WiTricity Corporation, Momentum Dynamics Corp, Toshiba Corporation, Mojo Mobility Inc., HEVO Inc.
Market Segment Analysis:
- Magnetic Power Transfer
- Inductive Power Transfer
- Capacitive Power Transfer
By Charging Type
- Dynamic Wireless Charging Systems
- Stationary Wireless Charging Systems
By Vehicle Type
- Hybrid Electric Cars
- Battery Electric Cars
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Wireless Car Charging industries in the region.
Key Wireless Car Charging Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Wireless Car Charging Market segments.
– Largest Market Share Held by Industry to Industry for Wireless Car Charging
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Wireless Car Charging Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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