Automotive Inductive Wireless Charging Systems Market

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.
Advantages
Protected connections ? No corrosion when the electronics are all enclosed, away from water or oxygen in the atmosphere. Less risk of electrical faults such as short circuit due to insulation failure, especially where connections are made or broken frequently.
Low infection risk ? For embedded medical devices, transmission of power via a magnetic field passing through the skin avoids the infection risks associated with wires penetrating the skin.
Durability ? Without the need to constantly plug and unplug the device, there is significantly less wear and tear on the socket of the device and the attaching cable.
Increased convenience and aesthetic quality ? No need for cables
Disadvantages
Slower charging ? Due to the lower efficiency, devices take longer to charge when supplied power is the same amount.
More expensive ? Inductive charging also requires drive electronics and coils in both device and charger, increasing the complexity and cost of manufacturing.
Automotive Inductive Wireless Charging Systems Market contains market size and forecasts of Automotive Inductive Wireless Charging Systems in global, including the following market information:
Global Automotive Inductive Wireless Charging Systems Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Automotive Inductive Wireless Charging Systems Market Sales, 2017-2022, 2023-2028, (Units)
Global top five Automotive Inductive Wireless Charging Systems companies in 2021 (%)
The global Automotive Inductive Wireless Charging Systems market was valued at 202.6 million in 2021 and is projected to reach US$ 2485.3 million by 2028, at a CAGR of 43.1% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Electromagnetic Induction Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Automotive Inductive Wireless Charging Systems include Bosch, Qualcomm, Texas Instruments, WiTricity and Fulton Innovation, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Automotive Inductive Wireless Charging Systems manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Automotive Inductive Wireless Charging Systems Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Automotive Inductive Wireless Charging Systems Market Segment Percentages, by Type, 2021 (%)
Electromagnetic Induction
Magnetic Resonance
Global Automotive Inductive Wireless Charging Systems Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Automotive Inductive Wireless Charging Systems Market Segment Percentages, by Application, 2021 (%)
Passenger Vehicles
Commercial Vehicles
Global Automotive Inductive Wireless Charging Systems Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Automotive Inductive Wireless Charging Systems Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Automotive Inductive Wireless Charging Systems revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Automotive Inductive Wireless Charging Systems revenues share in global market, 2021 (%)
Key companies Automotive Inductive Wireless Charging Systems sales in global market, 2017-2022 (Estimated), (Units)
Key companies Automotive Inductive Wireless Charging Systems sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Bosch
Qualcomm
Texas Instruments
WiTricity
Fulton Innovation