Global In-Car Wireless Charging Market 2019 Industry Growth Analysis, Segmentation, Emerging Trends, Segmentation, Sale Revenue by Regional Forecast to 2023
According to Market Research Future Analysis, the global In-Car Wireless Charging market is growing at a CAGR of 43% during the forecast period 2017-2023.
Pune, India – February 28, 2019 /MarketersMedia/ —
In-Car Wireless Charging Market Segment by Device (Smartphones, Tablets, MP3/WAV Players), Sales Distribution (OEM-fitted, Aftermarket), Application (Premium &Luxury Cars, Sports Car & Mid-Segment & Basic Cars) by Global Forecast till 2023
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n-Car Wireless Charging Market Highlights:
According to Market Research Future (MRFR) s assessment, the global in-car wireless charging market is projected to reach a valuation of USD 13,748 Mn by the end of 2023 up from over USD 1,700 Mn in 2017. The report further indicates that the market is expected to strike a CAGR of 40.8% during the forecast period 2018 to 2023.
Advancements in wireless technology have unleashed immense potential for the expansion of the In-Car Wireless Charging Market. Furthermore, the growing market presence of smartphones that support wireless charging is likely to motivate the proliferation of the market over the next couple of years.
The rising dependency on smartphones and high-speed data access to internet connection is poised to dictate the growth trajectory of the in-car wireless charging market across the review period. The intensive use of 3G & 4G networks is likely to affect battery life adversely. It is anticipated to accelerate the revenue creation for the participants of the in-car wireless charging market in the forthcoming years.
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Investments are expected to flow towards product line innovation and development. For instance, Audi has started offering Qi wireless charging with holders for mobile phones. However, lack of standardization witnessed in products is poised to check the expansion of the in-car wireless charging market in the upcoming years.
In-Car Wireless Charging Market Competitive Dashboard:
Some of the key players profiled in this report are Samsung Electronics Co., Ltd (South Korea), Power square (India), Zens (The Netherlands), Hella KGaA Hueck & Co (Germany), Infineon Technologies AG (Germany), Qualcomm Technologies, Inc. (U.S.), Apple Inc. (U.S.), Powermat Technologies Ltd (Israel), Mojo Mobility, Inc. (U.S.), and Aircharge (U.K).
In-Car Wireless Charging Market Segmentation:
By technology, the global in-car wireless charging market has been segmented into inductive power transfer, conductive charging, and magnetic resonance charging.
By charging standard, the in-car wireless charging market has been segmented into QI standard and PMA Standards.
By device type, the global in-car wireless charging market has been segmented into smartphones and other devices.
By vehicle type, the in-car wireless charging market has been segmented into fuel-based, electric vehicle, and hybrid vehicles.
By distribution, the global in-car wireless charging market has been segmented into OEM and Aftermarket.
In-Car Wireless Charging Market Regional Analysis:
The regional study of the global in-car wireless charging market spans across North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. North America is prognosticated to hold the lion s share of the global market over the assessment period. The rapid developments in wireless technology witnessed in the region are poised to drive the growth of the market.
Asia Pacific is anticipated to strike a relatively higher CAGR across the review period. Factors such as changing lifestyle, increasing per-capita income, etc. are likely to lead the expansion of the market in the region.
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Industry News:
In February 2019, The Jeda Pad, a provider of software products, has announced the addition of wireless phone charging pad for the Tesla Model 3.
In December 2018, the leading mobile accessory brand, Tech Armor, has announced the launch of its latest Wireless Qi Charging Car Vent Mount which facilitates fast and convenient wireless charging.
In January 2019, Scosche, an award-winning innovator of car accessories, has capitalized on CES for the launch of a variety of charging accessories which includes two Qi charging mounts for vehicles.
In January 2019, Moshi, a manufacturer of accessories and electronics for enhancing digital lifestyle, has officially introduced SnapTo Magnetic Car Mount for iPhone wireless charging in vehicles at CES 2019 held at Las Vegas.
In September 2018, California-based Kenu has announced the launch of Airbase Wireless and Airframe Wireless for upgrading its car mount lineup.
Intended Audience
Technology Investors
Research/Consultancy Firms
Industrial Automation Service Providers
Technology Investors
Governments and Financial Institutions
Original Equipment Manufacturers
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Source: MarketersMedia
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