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Global Wireless Car Charging Market Analysis & Opportunity Outlook 2021

  • Report ID: 115
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Extensive insights into the Growth of Wireless Car Charging Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Overview

Wireless car chargers makes charging of electric powered vehicles convenient and seamless. With the help of wireless charging, vehicles remain connected with constant source of power both at stationary and moving position. 

The global wireless car charging market is anticipated to bolster at a robust growth rate and reach USD 6.0 Billion by 2021. Geographically, the global wireless car charging market is segmented into North America, Latin America, Western and Eastern Europe, Asia-Pacific, Middle East and North Africa (MENA) and Rest of World.

Market Size and Forecast

Regionally, Europe dominates the global wireless car charging market followed by North America. Wireless car charging market in Europe is propagated by rapid expansion of automobile sector in the region. In addition to that rising spending on research and developments in automotive industry is also believed to nurture Europe wireless car charging market in future.

North America wireless car charging market is projected to bolster from increasing inclination of major auto players such as General Motors and Ford towards manufacturing of electric vehicles. The U.S. is the largest wireless car charging market in North America followed by Canada.         

Asia-Pacific wireless car charging market is believed to have a stupendous growth over the covered forecast period i.e. 2015-2021. The market in the region is likely to flourish from increasing GDP growth in countries such as India and China, which-in turn is fuelling the production of electric powered vehicles. In addition to that, rising per capita income and growing urbanization is also believed to propel the expansion of Asia-Pacific wireless car charging market in coming 5-6 years. CLICK TO DOWNLOAD FREE SAMPLE REPORT

Market Segmentation

  • By Technology

The global wireless car charging market is segmented based on technology into resonant, hybrid-inductive resonant and resonant.

  • By Application

Wireless chargers are primarily used in the automobile industry to power electric and hybrid vehicles.

The study further analysis the Y-O-Y Growth, demand & supply and forecast future opportunity in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa).

Growth Drivers and challenges

Escalating demand for hybrid and electric cars is anticipated to foster the growth of global wireless car charging market over the forecast period i.e. 2015-2021.

In addition to that increasing requirement of constant power source for efficient working of electric vehicles is also expected to drive the global wireless car charging market in coming 4-5 years.

However, lack of availability of standardized wireless charging devices is expected to restrain the growth of global wireless car charging market in future.

Key Players  

  • Bosch Group
  • LG
  • Energizer
  • Evatran Group
  •  Witricity. Intel
  •  Qualcomm Qualcomm
  •  Alliance for Wireless Power (A4WP), etc.
  • Evatran Group
  • Qualcomm Technologies, Inc.
  • WiTricity Corporation
  • HEVO Power

Some other prominent vendors that may enter into manufacturing of wireless car charging are :

  • Continental AG
  • Ford Motor Company
  • BMW Automobile Company
  • Nissan Motor Company Ltd.
  • Bosch Group
  • Tesla Inc.

 


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