Market Overview:
The global automotive wireless charging market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles and government initiatives for promoting electric mobility. Additionally, the growing trend of autonomous vehicles is also expected to fuel the demand for automotive wireless charging in the coming years. Based on type, electromagnetic induction technology is expected to hold a major share of the global automotive wireless charging market during the forecast period. This can be attributed to its advantages such as low installation cost and easy compatibility with existing infrastructure.
Product Definition:
The definition of automotive wireless charging is a technology that wirelessly charges electric or hybrid vehicles. The importance of automotive wireless charging is that it eliminates the need for plug-in cords and connectors, making it easier for drivers to charge their vehicles.
Electromagnetic Induction:
Electromagnetic induction is the generation of electricity by electromagnetic means. The most common form of electromagnetic induction is found in electric motors, which uses the laws of electromagnetism to produce mechanical energy from an electrical source. Electromagnetic Induction (EMI) has wide applications in consumer electronics and automotive wireless charging systems.
The global EMI market size was valued at USD 1,15 billion in 2015.
Magnetic Resonance:
Magnetic resonance is a phenomenon that occurs when an object is exposed to a magnetic field. It's used in wireless charging of vehicles as well as the construction of MRI machines. The basic principle behind wireless charging of vehicles is similar to the one behind magnetic resonance, i.e., use electromagnetic fields for transferring energy from one point to another with no wires connecting the two points.
Application Insights:
The passenger automotive segment dominated the market in 2017 and is expected to continue its dominance over the forecast period. The growth of this segment can be attributed to increasing demand for advanced safety features, comfort and convenience as well as infotainment systems in vehicles. Furthermore, growing preference for wireless charging among drivers across the globe is also expected to contribute significantly towards industry growth.
Public transportation automotive application segment was estimated at USD 446.8 million in 2018 owing to high adoption of these devices on buses, trains and metros by governments worldwide due largely to funding from private companies that are involved with manufacturing electric vehicles (EVs). Moreover, various public transport agencies have been collaborating with technology providers such as Daimler AG & Mercedes-Benz; Ford Motor Company; ABB Ltd.; General Motors Company; Siemens AG; Mitsubishi Electric Corporation etc., which further propels industry expansion over the coming years.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing penetration of wireless charging technology across passenger cars, light commercial vehicles, and public transportation vehicles in North America. Europe accounted for a significant share of revenue generation owing to early adoption of various automotive technologies such as wireless charging and infotainment systems in automobiles. Moreover, presence of key automobile manufacturers such as BMW Group; Audi AG; Mercedes-Benz AG; Volkswagen Group (Audi, Porsche), etc.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to increasing demand for electric vehicles across countries such as China and India along with other Southeast Asian nations due to favorable government policies regarding reduction in carbon emissions from motor vehicle exhausts.
Growth Factors:
- Increasing demand for electric and hybrid vehicles: The global automotive wireless charging market is expected to grow at a CAGR of over 20% during the forecast period. This can be attributed to the increasing demand for electric and hybrid vehicles, as they are environment-friendly and help reduce greenhouse gas emissions.
- Government initiatives for promoting electric vehicles: Governments across the globe are taking initiatives to promote the use of electric vehicles in order to reduce pollution levels. For instance, in 2017, China announced plans to invest 0 billion in renewable energy by 2020, which will create a massive market for automotive wireless charging systems.
- Development of advanced technologies: The development of advanced technologies such as inductive charging has helped boost the growth of the automotive wireless charging market. These systems are more efficient than traditional methods such as plug-in chargers, and can be used with both standard and plug-in hybrids/electric cars without any modifications required on the vehicle itself.
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Wireless Charging Market Research Report
By Type
Electromagnetic Induction, Magnetic Resonance, Magneto-Dynamic Coupling
By Application
Passenger Automotive, Public Transportation Automotive
By Companies
WiTricity, Elix, Momentum Dynamics, Plugless (Evatran), Toshiba, Bombardier, ZTEV
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
229
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Wireless Charging Market Report Segments:
The global Automotive Wireless Charging market is segmented on the basis of:
Types
Electromagnetic Induction, Magnetic Resonance, Magneto-Dynamic Coupling
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Automotive, Public Transportation Automotive
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- WiTricity
- Elix
- Momentum Dynamics
- Plugless (Evatran)
- Toshiba
- Bombardier
- ZTEV
Highlights of The Automotive Wireless Charging Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electromagnetic Induction
- Magnetic Resonance
- Magneto-Dynamic Coupling
- By Application:
- Passenger Automotive
- Public Transportation Automotive
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Wireless Charging Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automotive wireless charging is a technology that allows electric vehicles to be charged wirelessly while the vehicle is in motion. This technology uses induction coils embedded in the roadway or parking lot surface to create an electromagnetic field that can power up an electric car.
Some of the major players in the automotive wireless charging market are WiTricity, Elix, Momentum Dynamics, Plugless (Evatran), Toshiba, Bombardier, ZTEV.
The automotive wireless charging market is expected to grow at a compound annual growth rate of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Wireless Charging Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Wireless Charging Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Wireless Charging Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Wireless Charging Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Wireless Charging Market Size & Forecast, 2020-2028
4.5.1 Automotive Wireless Charging Market Size and Y-o-Y Growth
4.5.2 Automotive Wireless Charging Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Electromagnetic Induction
5.2.2 Magnetic Resonance
5.2.3 Magneto-Dynamic Coupling
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Automotive
6.2.2 Public Transportation Automotive
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Wireless Charging Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Wireless Charging Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Electromagnetic Induction
9.6.2 Magnetic Resonance
9.6.3 Magneto-Dynamic Coupling
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Automotive
9.10.2 Public Transportation Automotive
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Electromagnetic Induction
10.6.2 Magnetic Resonance
10.6.3 Magneto-Dynamic Coupling
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Automotive
10.10.2 Public Transportation Automotive
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Electromagnetic Induction
11.6.2 Magnetic Resonance
11.6.3 Magneto-Dynamic Coupling
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Automotive
11.10.2 Public Transportation Automotive
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Electromagnetic Induction
12.6.2 Magnetic Resonance
12.6.3 Magneto-Dynamic Coupling
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Automotive
12.10.2 Public Transportation Automotive
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Electromagnetic Induction
13.6.2 Magnetic Resonance
13.6.3 Magneto-Dynamic Coupling
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Automotive
13.10.2 Public Transportation Automotive
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Wireless Charging Market: Competitive Dashboard
14.2 Global Automotive Wireless Charging Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 WiTricity
14.3.2 Elix
14.3.3 Momentum Dynamics
14.3.4 Plugless (Evatran)
14.3.5 Toshiba
14.3.6 Bombardier
14.3.7 ZTEV
