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 studies the global market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa, focuses on the top 5 players in each region, with sales, price, revenue and market share from 2013 to 2018, the top players:
Market Segment by Regions, this report splits Global into several key Regions, with sales, revenue, market share of top players in these regions, from 2013 to 2018 (forecast), like
North America (United States, Canada and Mexico)
Asia-Pacific (China, Japan, Southeast Asia, India and Korea)
Europe (Germany, UK, France, Italy and Russia etc.)
South America (Brazil, Chile, Peru and Argentina)
Middle East and Africa (Egypt, South Africa, Saudi Arabia)
Split by Product Types, with sales, revenue, price, market share of each type, can be divided into
Split by applications, this report focuses on sales, market share and growth rate in each application, can be divided into