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Automotive Inductive Wireless Charging Systems-Global Market Insights and Sales Trends 2024
Synopsis
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.
The global Automotive Inductive Wireless Charging Systems market size is expected to reach US$ 2723.5 million by 2029, growing at a CAGR of 45.0% from 2023 to 2029. The market is mainly driven by the significant applications of Automotive Inductive Wireless Charging Systems in various end use industries. The expanding demands from the Passenger Vehicles and Commercial Vehicles, are propelling Automotive Inductive Wireless Charging Systems market. Electromagnetic Induction, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Magnetic Resonance segment is estimated at % CAGR for the next seven-year period.
Currently, The industry concentration is high, the technical barriers and financial barriers of Automotive Inductive Wireless Charging Systems are also high. In particular, as the market leader in Automotive Inductive Wireless Charging Systems, Bosch take the global market share of about 44%, other key manufacturers include Qualcomm, Texas Instruments, WiTricity, Fulton Innovation.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Automotive Inductive Wireless Charging Systems, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Automotive Inductive Wireless Charging Systems market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Automotive Inductive Wireless Charging Systems market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Automotive Inductive Wireless Charging Systems sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Automotive Inductive Wireless Charging Systems covered in this report include Bosch, Qualcomm, Texas Instruments, WiTricity and Fulton Innovation, etc.
The global Automotive Inductive Wireless Charging Systems market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Bosch
Qualcomm
Texas Instruments
WiTricity
Fulton Innovation
Global Automotive Inductive Wireless Charging Systems market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Automotive Inductive Wireless Charging Systems market, Segment by Type:
Electromagnetic Induction
Magnetic Resonance
Global Automotive Inductive Wireless Charging Systems market, by Application
Passenger Vehicles
Commercial Vehicles
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Automotive Inductive Wireless Charging Systems manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Automotive Inductive Wireless Charging Systems in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
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.
The global Automotive Inductive Wireless Charging Systems market size is expected to reach US$ 2723.5 million by 2029, growing at a CAGR of 45.0% from 2023 to 2029. The market is mainly driven by the significant applications of Automotive Inductive Wireless Charging Systems in various end use industries. The expanding demands from the Passenger Vehicles and Commercial Vehicles, are propelling Automotive Inductive Wireless Charging Systems market. Electromagnetic Induction, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Magnetic Resonance segment is estimated at % CAGR for the next seven-year period.
Currently, The industry concentration is high, the technical barriers and financial barriers of Automotive Inductive Wireless Charging Systems are also high. In particular, as the market leader in Automotive Inductive Wireless Charging Systems, Bosch take the global market share of about 44%, other key manufacturers include Qualcomm, Texas Instruments, WiTricity, Fulton Innovation.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Automotive Inductive Wireless Charging Systems, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Automotive Inductive Wireless Charging Systems market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Automotive Inductive Wireless Charging Systems market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Automotive Inductive Wireless Charging Systems sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Automotive Inductive Wireless Charging Systems covered in this report include Bosch, Qualcomm, Texas Instruments, WiTricity and Fulton Innovation, etc.
The global Automotive Inductive Wireless Charging Systems market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Bosch
Qualcomm
Texas Instruments
WiTricity
Fulton Innovation
Global Automotive Inductive Wireless Charging Systems market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Automotive Inductive Wireless Charging Systems market, Segment by Type:
Electromagnetic Induction
Magnetic Resonance
Global Automotive Inductive Wireless Charging Systems market, by Application
Passenger Vehicles
Commercial Vehicles
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Automotive Inductive Wireless Charging Systems manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Automotive Inductive Wireless Charging Systems in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Automotive Inductive Wireless Charging Systems Market Overview
1.1 Automotive Inductive Wireless Charging Systems Product Overview
1.2 Automotive Inductive Wireless Charging Systems Market Segment by Type
1.2.1 Electromagnetic Induction
1.2.2 Magnetic Resonance
1.3 Global Automotive Inductive Wireless Charging Systems Market Size by Type
1.3.1 Global Automotive Inductive Wireless Charging Systems Market Size Overview by Type (2018-2029)
1.3.2 Global Automotive Inductive Wireless Charging Systems Historic Market Size Review by Type (2018-2023)
1.3.3 Global Automotive Inductive Wireless Charging Systems Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Automotive Inductive Wireless Charging Systems Sales Breakdown by Type (2018-2023)
1.4.2 Europe Automotive Inductive Wireless Charging Systems Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Automotive Inductive Wireless Charging Systems Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Automotive Inductive Wireless Charging Systems Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Automotive Inductive Wireless Charging Systems Sales Breakdown by Type (2018-2023)
2 Global Automotive Inductive Wireless Charging Systems Market Competition by Company
2.1 Global Top Players by Automotive Inductive Wireless Charging Systems Sales (2018-2023)
2.2 Global Top Players by Automotive Inductive Wireless Charging Systems Revenue (2018-2023)
2.3 Global Top Players by Automotive Inductive Wireless Charging Systems Price (2018-2023)
2.4 Global Top Manufacturers Automotive Inductive Wireless Charging Systems Manufacturing Base Distribution, Sales Area, Product Type
2.5 Automotive Inductive Wireless Charging Systems Market Competitive Situation and Trends
2.5.1 Automotive Inductive Wireless Charging Systems Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Automotive Inductive Wireless Charging Systems Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Automotive Inductive Wireless Charging Systems as of 2022)
2.7 Date of Key Manufacturers Enter into Automotive Inductive Wireless Charging Systems Market
2.8 Key Manufacturers Automotive Inductive Wireless Charging Systems Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Automotive Inductive Wireless Charging Systems Status and Outlook by Region
3.1 Global Automotive Inductive Wireless Charging Systems Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Automotive Inductive Wireless Charging Systems Historic Market Size by Region
3.2.1 Global Automotive Inductive Wireless Charging Systems Sales in Volume by Region (2018-2023)
3.2.2 Global Automotive Inductive Wireless Charging Systems Sales in Value by Region (2018-2023)
3.2.3 Global Automotive Inductive Wireless Charging Systems Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Automotive Inductive Wireless Charging Systems Forecasted Market Size by Region
3.3.1 Global Automotive Inductive Wireless Charging Systems Sales in Volume by Region (2024-2029)
3.3.2 Global Automotive Inductive Wireless Charging Systems Sales in Value by Region (2024-2029)
3.3.3 Global Automotive Inductive Wireless Charging Systems Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Automotive Inductive Wireless Charging Systems by Application
4.1 Automotive Inductive Wireless Charging Systems Market Segment by Application
4.1.1 Passenger Vehicles
4.1.2 Commercial Vehicles
4.2 Global Automotive Inductive Wireless Charging Systems Market Size by Application
4.2.1 Global Automotive Inductive Wireless Charging Systems Market Size Overview by Application (2018-2029)
4.2.2 Global Automotive Inductive Wireless Charging Systems Historic Market Size Review by Application (2018-2023)
4.2.3 Global Automotive Inductive Wireless Charging Systems Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Automotive Inductive Wireless Charging Systems Sales Breakdown by Application (2018-2023)
4.3.2 Europe Automotive Inductive Wireless Charging Systems Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Automotive Inductive Wireless Charging Systems Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Automotive Inductive Wireless Charging Systems Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Automotive Inductive Wireless Charging Systems Sales Breakdown by Application (2018-2023)
5 North America Automotive Inductive Wireless Charging Systems by Country
5.1 North America Automotive Inductive Wireless Charging Systems Historic Market Size by Country
5.1.1 North America Automotive Inductive Wireless Charging Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Automotive Inductive Wireless Charging Systems Sales in Volume by Country (2018-2023)
5.1.3 North America Automotive Inductive Wireless Charging Systems Sales in Value by Country (2018-2023)
5.2 North America Automotive Inductive Wireless Charging Systems Forecasted Market Size by Country
5.2.1 North America Automotive Inductive Wireless Charging Systems Sales in Volume by Country (2024-2029)
5.2.2 North America Automotive Inductive Wireless Charging Systems Sales in Value by Country (2024-2029)
6 Europe Automotive Inductive Wireless Charging Systems by Country
6.1 Europe Automotive Inductive Wireless Charging Systems Historic Market Size by Country
6.1.1 Europe Automotive Inductive Wireless Charging Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Automotive Inductive Wireless Charging Systems Sales in Volume by Country (2018-2023)
6.1.3 Europe Automotive Inductive Wireless Charging Systems Sales in Value by Country (2018-2023)
6.2 Europe Automotive Inductive Wireless Charging Systems Forecasted Market Size by Country
6.2.1 Europe Automotive Inductive Wireless Charging Systems Sales in Volume by Country (2024-2029)
6.2.2 Europe Automotive Inductive Wireless Charging Systems Sales in Value by Country (2024-2029)
7 Asia-Pacific Automotive Inductive Wireless Charging Systems by Region
7.1 Asia-Pacific Automotive Inductive Wireless Charging Systems Historic Market Size by Region
7.1.1 Asia-Pacific Automotive Inductive Wireless Charging Systems Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Automotive Inductive Wireless Charging Systems Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Automotive Inductive Wireless Charging Systems Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Automotive Inductive Wireless Charging Systems Forecasted Market Size by Region
7.2.1 Asia-Pacific Automotive Inductive Wireless Charging Systems Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Automotive Inductive Wireless Charging Systems Sales in Value by Region (2024-2029)
8 Latin America Automotive Inductive Wireless Charging Systems by Country
8.1 Latin America Automotive Inductive Wireless Charging Systems Historic Market Size by Country
8.1.1 Latin America Automotive Inductive Wireless Charging Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Automotive Inductive Wireless Charging Systems Sales in Volume by Country (2018-2023)
8.1.3 Latin America Automotive Inductive Wireless Charging Systems Sales in Value by Country (2018-2023)
8.2 Latin America Automotive Inductive Wireless Charging Systems Forecasted Market Size by Country
8.2.1 Latin America Automotive Inductive Wireless Charging Systems Sales in Volume by Country (2024-2029)
8.2.2 Latin America Automotive Inductive Wireless Charging Systems Sales in Value by Country (2024-2029)
9 Middle East and Africa Automotive Inductive Wireless Charging Systems by Country
9.1 Middle East and Africa Automotive Inductive Wireless Charging Systems Historic Market Size by Country
9.1.1 Middle East and Africa Automotive Inductive Wireless Charging Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Automotive Inductive Wireless Charging Systems Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Automotive Inductive Wireless Charging Systems Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Automotive Inductive Wireless Charging Systems Forecasted Market Size by Country
9.2.1 Middle East and Africa Automotive Inductive Wireless Charging Systems Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Automotive Inductive Wireless Charging Systems Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Bosch
10.1.1 Bosch Company Information
10.1.2 Bosch Introduction and Business Overview
10.1.3 Bosch Automotive Inductive Wireless Charging Systems Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Bosch Automotive Inductive Wireless Charging Systems Products Offered
10.1.5 Bosch Recent Development
10.2 Qualcomm
10.2.1 Qualcomm Company Information
10.2.2 Qualcomm Introduction and Business Overview
10.2.3 Qualcomm Automotive Inductive Wireless Charging Systems Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Qualcomm Automotive Inductive Wireless Charging Systems Products Offered
10.2.5 Qualcomm Recent Development
10.3 Texas Instruments
10.3.1 Texas Instruments Company Information
10.3.2 Texas Instruments Introduction and Business Overview
10.3.3 Texas Instruments Automotive Inductive Wireless Charging Systems Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Texas Instruments Automotive Inductive Wireless Charging Systems Products Offered
10.3.5 Texas Instruments Recent Development
10.4 WiTricity
10.4.1 WiTricity Company Information
10.4.2 WiTricity Introduction and Business Overview
10.4.3 WiTricity Automotive Inductive Wireless Charging Systems Sales, Revenue and Gross Margin (2018-2023)
10.4.4 WiTricity Automotive Inductive Wireless Charging Systems Products Offered
10.4.5 WiTricity Recent Development
10.5 Fulton Innovation
10.5.1 Fulton Innovation Company Information
10.5.2 Fulton Innovation Introduction and Business Overview
10.5.3 Fulton Innovation Automotive Inductive Wireless Charging Systems Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Fulton Innovation Automotive Inductive Wireless Charging Systems Products Offered
10.5.5 Fulton Innovation Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Automotive Inductive Wireless Charging Systems Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Automotive Inductive Wireless Charging Systems Industrial Chain Analysis
11.4 Automotive Inductive Wireless Charging Systems Market Dynamics
11.4.1 Automotive Inductive Wireless Charging Systems Industry Trends
11.4.2 Automotive Inductive Wireless Charging Systems Market Drivers
11.4.3 Automotive Inductive Wireless Charging Systems Market Challenges
11.4.4 Automotive Inductive Wireless Charging Systems Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Automotive Inductive Wireless Charging Systems Distributors
12.3 Automotive Inductive Wireless Charging Systems Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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