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Market Research Report

Global Wireless Car Charging Market Analysis & Opportunity Outlook 2021

Published On : 09:40 AM, 14th September, 2017 REP-ID-115 Category: Automotive & Transportation

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 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.

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.

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.

Key Players

Global diabetic retinopathy market is very competitive and includes some of the top players such as Bosch Group, LG, Energizer, Evatran Group, Witricity. Intel, Qualcomm Qualcomm, Alliance for Wireless Power (A4WP), etc.

Scope and Context

Overview of the Parent Market

Analyst View

Market Size and Growth

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Rest of Latin America)
  • Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe)
  • Asia-Pacific (China, India, Singapore, Japan, Australia & New Zealand & Rest of Asia)
  • Rest of World

Segmentation

  • By Technology
  • By Application
  • By Geography

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

                            Key Answers Captured in Report?

Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

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