In-Car Wireless Charging Market-Overview
The development in car features is estimated spur the In-Car
Wireless Charging Market 2020. The consumer electronic devices reports
are made by market Research Future, which includes market options for progress.
The market is estimated to show an increase in revenues to USD 13,748.0 million
while escalating with a 40.8 % CAGR.
The mounting need for hassle-free charging and advance of
wireless infrastructures is estimated to guide the in-car wireless charging
market share. The upgradation in innovation strategy and product performance is
estimated to bolster further the -car wireless charging market.
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Competitive Analysis
The market contenders are estimated to support the growth
enabling factors and thus are estimated to pull the market out of the
depression due to the ongoing global pandemic. The necessity to establish a
unique advantage in the market is reviewed to have a substantial influence on
the global market. The market is predicted to guide its future growth with the
inclusion of a balance of innovation and continual product enhancement.
Besides, the need to ensure that the long-term sustainable growth goals are not
comprised due to the existing difficulties is foreseen to be extremely
important for the market stakeholders. The trends predominant in the market are
contributing considerably to the market’s progress. The emphasis on
accelerating growth is estimated to take the main stage in the forecast period.
The need to effectively engage customers in all of their geographical markets
is estimated to help the market overcome the hindrances being faced
currently.
The distinguished market competitors in the in-car wireless
charging market comprise of Hella KGaA Hueck & Co (Germany), Qualcomm
Technologies, Inc. (U.S.), Samsung Electronics Co., Ltd (South Korea), Infineon
Technologies AG (Germany), Powermat Technologies Ltd (Israel), Mojo Mobility,
Inc. (U.S.), Power square (India), Zens (The Netherlands), Apple Inc. (U.S.),
and Aircharge(U.K).
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Segmental Analysis
The segmental investigation of the In Car Wireless Charging
Market Size is segmented into technology, device type, charging standards,
distribution, vehicle type, and region. Based on the device type, the market for
in-car wireless charging is segmented into smartphones and other devices. Based
on the vehicle type, the market for in-car wireless charging encompasses
fuel-based, electric vehicle, and hybrid vehicles. On the basis of
distribution, the market for in-car wireless charging consists of aftermarket
and OEM. Based on the technology, the market for in-car wireless charging is
segmented into conductive charging, inductive power transfer, and magnetic
resonance charging. By charging standard, the market for in-car wireless
charging is segmented into QI standard and PMA standards. Based on the regions,
the market for in-car wireless charging is segmented into Europe, North
America, Asia Pacific and other prominent regional markets.
Detailed Regional Analysis
The regional insight into the in-car wireless charging market
is segmented into Europe, North America, Asia Pacific and other prominent
regional markets. The -car wireless charging market in the North American
region is at the top followed by European and the Asia Pacific region. The
European regional market is accountable for a lead share due to the commonness
of a noticeable premium car market in the region. The European regional market
is estimated to maintain its place among the lucrative regions in the market
over the forecast period. The existence of luxury brands in the automobile
sector that are putting forward wireless charging systems in their cars has
improved the market’s development in the European region. The significant
progress in the in-car wireless charging market in the North American region is
attributed to technological improvements and intensifying application of
internet of things and cloud technology in the region. The U.S. is the primary
in-car wireless charging market in the North American region and has created
incomes worth USD 342.9 million in 2017.
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