Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Automotive Inductive Wireless Charging System Market Size is Expected to Grow from USD 11.57 Billion in 2023 to USD 97.42 Billion by 2033, Growing at a CAGR of 23.75% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Automotive Inductive wireless charging system Market Size, Share, and COVID-19 Impact Analysis, By Type (Magnetic Resonance and Electromagnetic Induction), By Receiver Coil Type (Planar, Helix, Printed Circuit Board (PCB)), By Installation Location (Roof-Mounted, Under-Vehicle, Ground-Based), And By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, And Africa), Analysis And Forecast 2023 - 2033
The worldwide automotive inductive wireless charging system market refers to the industry involved in the production and distribution of inductive wireless charging systems, which allow the power source to move power to two mutually linked inductors between significant air gaps. It's easier to charge since inductive wireless power transmission eliminates the need to plug in a power source. An inductive power transmission battery charging system typically comprises three components: a connected magnetic structure, a secondary pick-up controller, and a primary power source. The market is expanding due to improvements in wireless charging equipment and more stringent laws that encourage electric vehicles through government incentives. Further, the increasing need for autonomous driving circumstances, the need for simple charging options, and the increasing acceptance of plug-in hybridization and pure electric automobiles are some of the market drivers. However, market growth suffers through several obstacles, such as high upfront costs for fabricating and Inadequate infrastructure.
The electromagnetic induction segment held the largest share of the global automotive inductive wireless charging system market in 2023 and is predicted to grow at a significant CAGR over the forecast period.
On the basis of the type, the global automotive inductive wireless charging system market is segmented into magnetic resonance and electromagnetic induction. Among these, the electromagnetic induction segment accounted for the largest share of the global automotive inductive wireless charging system market in 2023 and is predicted to grow at a significant CAGR over the forecast period. This is because automotive inductive wireless charging systems rely on the electromagnetic field along with greatly decreasing the gap between the automobile and the charging surface.
The helix segment accounted for a significant share of the global automotive inductive wireless charging system market in 2023 and is predicted to grow at a rapid pace during the forecast period.
On the basis of the receiver coil type, the global automotive inductive wireless charging system market is categorized into planar, helix, and printed circuit board (PCB). Among these, the helix segment accounted for a significant share of the global automotive inductive wireless charging system market in 2023 and is predicted to grow at a rapid pace during the forecast period. This segmental growth is attributed to the market expansion because it proves greater effectiveness, despite high expensive.
The under-vehicle segment held the largest share of the global automotive inductive wireless charging system market in 2023 and is anticipated to grow at a substantial CAGR over the forecast period.
On the basis of the installation location, the global automotive inductive wireless charging system market is divided into roof-mounted, under-vehicle, and ground-based. Among these, the under-vehicle segment held the largest share of the global automotive inductive wireless charging system market in 2023 and is anticipated to grow at a substantial CAGR over the forecast period. This segment growth contributed to the market expansion due to providing perks like greater security, simplified installation times, and higher efficiency.
Asia Pacific is anticipated to hold the largest share of the global automotive inductive wireless charging system market over the forecast period.
Asia Pacific is expected to hold the greatest share of the global automotive inductive wireless charging system market over the forecast period. The regional market for automotive inductive wireless charging system is dominated by developing countries like China and India, which are primarily liable for the immense amount of automobile manufacturing and marketing in this region. Besides, the region's need for automobile inductive wireless charging systems is being driven by increasing preference for electrification of their cars due to increasing concerns about the environment.
North America is projected to grow at the fastest CAGR growth of the global automotive inductive wireless charging system market over the forecast period. The regional market expansion throughout the region is further accelerated due to the growing use of electric automobiles in the region catalyzes the market's expansion. In addition to being the biggest market for EVs in North America, the US will be driving the expansion of the automotive inductive wireless charging system market.
Company Profiling
Major vendors in the global automotive inductive wireless charging system market are WiTricity, Qualcomm Technologies, HEVO, Siemens, Plugless Power, A123 System, Magne Charge, Elix, Continental AG, Samsung, Power Electronics, Evatran, TDK Corporation, Delphi Automotive, Momentum Dynamics, Mahle GmbH, and others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global automotive inductive wireless charging system market based on the below-mentioned segments:
Global Automotive Inductive Wireless Charging System Market, By Type
Global Automotive Inductive Wireless Charging System Market, By Receiver Coil Type
Global Automotive Inductive Wireless Charging System Market, By Installation Location
Global Automotive Inductive Wireless Charging System Market, By Regional
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