Market Segmentation:

By technology, the global in-car wireless charging market has been segmented into inductive power transfer, conductive charging, and magnetic resonance charging.

By charging standard, the in-car wireless charging market has been segmented into QI standard and PMA Standards.

By device type, the global in-car wireless charging market has been segmented into smartphones and other devices.

By vehicle type, the in-car wireless charging market has been segmented into fuel-based, electric vehicle, and hybrid vehicles.

By distribution, the global in-car wireless charging market has been segmented into OEM and Aftermarket.

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Market Synopsis:

According to Market Research Future (MRFR)’s assessment, the global in-car wireless charging market is projected to reach a valuation of USD 13,748 Mn by the end of 2023 up from over USD 1,700 Mn in 2017. The report further indicates that the market is expected to strike a CAGR of 40.8% during the forecast period 2018 to 2023.

Advancements in wireless technology have unleashed immense potential for the expansion of the in-car wireless charging market. Furthermore, the growing market presence of smartphones that support wireless charging is likely to motivate the proliferation of the market over the next couple of years.

The rising dependency on smartphones and high-speed data access to internet connection is poised to dictate the growth trajectory of the in-car wireless charging market across the review period. The intensive use of 3G & 4G networks is likely to affect battery life adversely. It is anticipated to accelerate the revenue creation for the participants of the in-car wireless charging market in the forthcoming years.

Investments are expected to flow towards product line innovation and development. For instance, Audi has started offering Qi wireless charging with holders for mobile phones. However, lack of standardization witnessed in products is poised to check the expansion of the in-car wireless charging market in the upcoming years.

Regional Analysis:

The regional study of the Global In Car Wireless Charging Market spans across North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. North America is prognosticated to hold the lion’s share of the global market over the assessment period. The rapid developments in wireless technology witnessed in the region are poised to drive the growth of the market.

Asia Pacific is anticipated to strike a relatively higher CAGR across the review period. Factors such as changing lifestyle, increasing per-capita income, etc. are likely to lead the expansion of the market in the region.

Competitive Dashboard:

Some of the key players profiled in this report are Samsung Electronics Co., Ltd (South Korea), Power square (India), Zens (The Netherlands), Hella KGaA Hueck & Co (Germany), Infineon Technologies AG (Germany), Qualcomm Technologies, Inc. (U.S.), Apple Inc. (U.S.), Powermat Technologies Ltd (Israel), Mojo Mobility, Inc. (U.S.), and Aircharge (U.K)

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