Automotive wireless charging involves electromagnetic field for energy, which is generated using electromagnetic induction and is transferred between two objects. With the rising adoption of electric vehicles, several ancillary service sectors are likely to be benefitted. This includes wireless charging services extended by niche service providers. Such high-value applications of Automotive Wireless Charging for electric vehicles validate the growth of Automotive Wireless Charging market in the forecast period.
The "Global Automotive Wireless Charging Market Analysis to 2028" is a specialized and in-depth study of the Automotive Wireless Charging industry with a special focus on the global market trend analysis. The report aims to provide an overview of Automotive Wireless Charging market with detailed market segmentation by type, application, charging type and geography. The report provides key statistics on the market status of the leading Automotive Wireless Charging market players and offers key trends and opportunities in the market.
- The global Automotive Wireless Charging market is segmented on the basis of type, application, and charging type.
- Based on type, the market is segmented as electromagnetic induction, and magnetic resonance.
- On the basis of the application the market is segmented into passenger vehicles and commercial vehicles.
- Based on charging type, the market is segmented as dynamic wireless charging system and stationary wireless charging system.
- Rapid adoption of electric vehicles.
- Increasing demand for hassle-free charging solution
- The time taken to charge electric vehicles is one of the major concerns hampering the market growth.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive wireless charging market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Automotive wireless charging market in these regions.
IMPACT OF COVID-19 ON AUTOMOTIVE WIRELESS CHARGING MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The report covers key developments in the automotive wireless charging market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Automotive wireless charging market market are anticipated to lucrative growth opportunities in the future with the rising demand for Automotive wireless charging market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Automotive wireless charging market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
Robert Bosch GmbH
Texas Instruments Incorporated
Toyota Motor Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.