Automotive Inductive Wireless Charging Systems Market to Reach US$ 39.55 Bn by 2029, with a 22.2% CAGR"
Global Automotive Inductive Wireless Charging Systems Market size is expected to reach US$ 39.55 Bn. by 2029, at a CAGR of 22.2% during the forecast period.
Automotive Inductive Wireless Charging Systems Market Overview
The MMR report on the Automotive Inductive Wireless Charging Systems market has several sections about industry futures with thorough research and analysis, and business data that is usually state-of-the-art. Automotive Inductive Wireless Charging Systems market report 2021 is the title of the market study broken down by manufacturer, kind, application, and region. The study provides a thorough analysis, revenue projections, and other important data about the global Automotive Inductive Wireless Charging Systems industry. It also covers a wide range of trends, drivers, opportunities, restraints, and threats that the market is anticipated to encounter over the course of the projected period.
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Automotive Inductive Wireless Charging Systems Market Scope
The Automotive Inductive Wireless Charging Systems market study considers the forecast period, with 2022 acting as the base year. The estimated market size for 2021 is based on real data and outputs from significant international companies, and it includes both volume and value projections. The last five years' market patterns from 2016 are taken into consideration while predicting the market through 2022–2029. The unusual year 2021 is studied in detail by geographic area to determine how it affects lockdown.
In-depth analysis of the Automotive Inductive Wireless Charging Systems industry is combined with market segmentation based on end-use, product type, applications, and geography in this report. The study offers readers a comparison of historical market dynamics from 2018 to 2021 and historical patterns to current market conditions, in addition to the contributions of notable companies.
Automotive Inductive Wireless Charging Systems Market Dynamics
The Automotive Inductive Wireless Charging Systems Market is poised for robust growth, with a projected Compound Annual Growth Rate (CAGR) of 22.2% during the forecast period, leading to an anticipated market size of US$ 39.55 billion by 2029. Several key dynamics contribute to this optimistic outlook:
Rising Adoption of Electric Vehicles (EVs): The increasing adoption of electric vehicles, driven by environmental concerns, government incentives, and advancements in battery technology, is a primary driver for the growth of the automotive inductive wireless charging systems market. These systems offer convenient and efficient charging solutions for EV owners, eliminating the need for plug-in charging infrastructure.
Convenience and Ease of Use: Inductive wireless charging systems provide a convenient and hassle-free charging experience for electric vehicle users. By enabling wireless charging through magnetic induction, these systems eliminate the need for physical connections, offering greater convenience and ease of use for consumers.
Automotive Inductive Wireless Charging Systems Market Segmentation
by Power Source
3–<11 kW
11–50 kW
50 kW
by Vehicle Type
Battery electric vehicle
Plug-in hybrid electric vehicles
Commercial Electric Vehicles
Automotive Inductive Wireless Charging Systems Market Key Players
1. Evatran Group Inc.
2. Fulton Innovation
3. Continental AG
4. Qualcomm Technologies, Inc.
5. Witricity Corporation
6. Mojo Mobility
7. Robert Bosch GmbH
8. Toyota Motor Corporation
9. ZTE Corporation
10. Momentum Dynamics Corporation
11. AeroVironment, Inc.
12. ChargePoint, Inc.
13. ECOtality, Inc.
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Automotive Inductive Wireless Charging Systems Market Regional Analysis
The market research offers a thorough understanding and knowledge of the dynamics, trends, and other concerns related to the Automotive Inductive Wireless Charging Systems market. The Automotive Inductive Wireless Charging Systems market study includes coverage of the most significant trends impacting the sector. It facilitates finding the information in the study and assesses the competitive landscape of notable businesses, the dynamics of the Automotive Inductive Wireless Charging Systems market, and other elements influencing current marketing tactics.
Key Questions answered in the Automotive Inductive Wireless Charging Systems Market Report are:
- Automotive Inductive Wireless Charging Systems Market: Definition?
- What is the predicted period for the Automotive Inductive Wireless Charging Systems Market?
- To what extent is the Automotive Inductive Wireless Charging Systems market competitive?
- Which region held the largest market share in the Automotive Inductive Wireless Charging Systems Market?
- What opportunities exists in the Automotive Inductive Wireless Charging Systems Market?
- What factors are propelling the Automotive Inductive Wireless Charging Systems market's expansion?
- Which businesses are the market leaders in Automotive Inductive Wireless Charging Systems ?
- Which company held the most proportion of the market in Automotive Inductive Wireless Charging Systems ?
- What is the estimated compound annual growth rate for the Automotive Inductive Wireless Charging Systems market?
- Which significant trends in the Automotive Inductive Wireless Charging Systems industry are anticipated to emerge in the next years?
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Key offerings:
- Forecasts for Market Size, Share, and Revenue by Year, 2022–2029
- Market dynamics: significant patterns, chances for investment, factors promoting growth, and limitations
- An extensive analysis of market segmentation by Automotive Inductive Wireless Charging Systems Landscape—the top companies and other important participants.
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