the present scenario (with the base year being 2017) and the growth prospects of global Automotive Inductive Wireless Charging Systems market for 2018-2023.
Electric vehicles are gaining importance in modern times because of the rise in global fuel prices and alarming levels of air pollution. There is widespread concern about the negative effects of global warming. In such a scenario the rapid adoption of electric vehicles is seen as the most viable solution. The time taken to charge electric vehicles was one of the major concerns, but with the advent of wireless inductive charging this issue has been resolved. Inductive wireless charging is considered a major breakthrough as it has made the use of plugs and cords redundant. Inductive charging takes place when an electromagnetic field transfers energy between two coils.
Currently, The industry concentration is high, the technical barriers and financial barriers of Automotive Inductive Wireless Charging Systems are also high. The companies in the world that produce Automotive Inductive Wireless Charging Systems mainly concentrate in North America, Europe, Raw materials are also concentrated in these regions. In particular, as the market leader in Automotive Inductive Wireless Charging Systems, Bosch take the global market share of about 44.37% in 2015, other key manufacturers include Qualcomm, Texas Instruments, WiTricity, Fulton Innovation. The production of Automotive Inductive Wireless Charging Systems increased from 2048 K USD in 2014 to 18892 K USD in 2016, with an average growth rate of more than 200%.
In consumption market, the growth rate of global consumption is explosive. North America, Europe, China, Japan, Korea, Taiwan are still the mainly consumption regions, due to the advanced production technology and rapid development of economy. The global market for Automotive Inductive Wireless Charging Systems is expected to reach about 261915 K USD by 2022 from 18892 K USD in 2016.
Over the next five years, LPI(LP Information) projects that Automotive Inductive Wireless Charging Systems will register a 49.3% CAGR in terms of revenue, reach US$ 310 million by 2023, from US$ 28 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Inductive Wireless Charging Systems market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Segmentation by application:
This report also splits the market by region:
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Automotive Inductive Wireless Charging Systems consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Automotive Inductive Wireless Charging Systems market by identifying its various subsegments.
Focuses on the key global Automotive Inductive Wireless Charging Systems manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Automotive Inductive Wireless Charging Systems with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Automotive Inductive Wireless Charging Systems submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.