In-car Wireless Charging Market Size, Share, Growth, Trends, Segmentation, Analysis and Forecast 2017 To 2025
United States, 12 July 2018 -- In-car Wireless Charging Market Size, Share, Growth, Trends, Segmentation, Analysis and Forecast 2017 To 2025
According to a new market report published by Credence Research, Inc., “Global In-car Wireless Charging Market (By Sales Channel (OEM-fitted and Aftermarket), By End-use Application (Passenger Cars (Luxury and Premium Cars, Mid-segment and Basic Cars, and Sports Cars) and Commercial Vehicles)) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2017 - 2025”, the global in-car wireless charging market is expected to witness a strong growth during the forecast period 2017 - 2025.
Browse the full Global In-car Wireless Charging Market (By Sales Channel (OEM-fitted and Aftermarket), By End-use Application (Passenger Cars (Luxury and Premium Cars, Mid-segment and Basic Cars, and Sports Cars) and Commercial Vehicles)) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2017 – 2025 report at http://www.credenceresearch.com/report/in-car-wireless-charging-system-market
The overall in-car wireless charging system market is strongly driven by the growth in production of smart automotives. Post-recession, the automotive industry worldwide has shown positive signs of recovery. The demand for luxury and semi-luxury high performance vehicles has risen significantly over the last few years. Premium and luxury car segment represents the largest end-use segment in the global in-car wireless charging system market. The segment accounted for over three-fourth of the market revenue in 2016. Rising demand for smart cars is driving the demand for advanced car infotainment systems and telematics , thereby driving demand for wireless charging systems in luxury and premium car segment.
Commercial vehicle segment including both light commercial vehicles and heavy commercial vehicles presents a sound growth opportunity for in-care wireless charging device manufacturers. Increased trade activity and volumes of on-road containerized freight over a long distance necessitates use of infotainment technologies including GPS navigation, which consumes battery. The use of in-car wireless charging systems eliminates the need to carry multiple chargers, thereby efficiently addressing concerns related to the battery life. However, the adoption of wireless charging technology in automotives is marred by several challenges. One of the major challenges is the lack of universal standard and incompatibility with several existing devices. The existing charging solutions including cases, stands, and mats either support the Qi or PowerMat standard. With the introduction of Apple’s latest iPhones that support wireless charging, automakers may be encouraged to make this a standard across most of their fleets. Relatively slow charging speed than wired charging is another challenge inhibiting the market growth.
Developed economies including North America and Europe represent the two prominent in-car wireless charging system market. The regions collectively accounted for over two-third of the global market revenue in 2016. The dominance of Europe is majorly on account of huge luxury and premium car market in the region. The presence of auto makers such as Audi, BMW, and Mercedes Benz that offer wireless charging systems in their cars has bolstered market growth in Europe. Relatively greater technology acceptance and adoption in the U.S. has paved the way for the growth of in-car wireless charging technology in North America. On the other hand, Asia Pacific is poised to witness comparatively superior growth during the forecast period 2017 - 2025. Improving standard of living, increase in discretionary expenditure, and increase in per capita ownership of premium cars represent economic variables conducive to the future growth of automotive technologies in Asia Pacific.
On the basis of sales distribution channel, the global in-car wireless charging system market is categorized into following categories:
Original Equipment Market
As of 2016, Original Equipment Manufacturers-fitted segment dominated the global in-car wireless charging system market, accounting for over 2/3rd of the global market revenue. Although aftermarket plays a significant role in the replacement demand of wireless charging systems, it is expected that the sale of infotainment products such as wireless charging units would improve through Original Equipment Manufacturers than through aftermarket channel. With OEMs increasingly looking to penetrate mid-size and basic model segments, they are expected to offer wireless charging systems as a part of add-on package in these segment cars.
Request Free Sample for This Report: http://www.credenceresearch.com/sample-request/58744
Powermat Technologies Ltd.
Mojo Mobility, Inc.
Toyota Motor Corporation
The Ford Motor Company
The Hyundai Motor Company
Request Free Customization for This Report: http://www.credenceresearch.com/request-for-customization/58744
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we've manufactured a firm extraordinarily prepared to this task.
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!
Scoop Line (Instant Information Request) The easiest way to ask questions and request information from the PR community.
Advanced Search Drill down, dig deep, for media information the way you want it.