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In-car Wireless Charging Market Size, Share, Growth, Segmentation And Forecast 2017 To 2025 , Homestay San Jose, United States, United States
Asia Homestay | Published Date : Nov 14, 2017
In-car Wireless Charging Market Is Expected To Witness A Strong Growth During The Forecast Period 2017 - 2025. , Homestay San Jose, United States, United States
According to a new market report published by Credence Research, Inc., “Global In-car Wireless Charging Market (By Sales Channel (OEM-fitted and Aftermarket), By End-use Application (Passenger Cars (Luxury and Premium Cars, Mid-segment and Basic Cars, and Sports Cars) and Commercial Vehicles)) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2017 - 2025”, the global in-car wireless charging market is expected to witness a strong growth during the forecast period 2017 - 2025.
Browse the full Global In-car Wireless Charging Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2017 – 2025 report at http://www.credenceresearch.com/report/in-car-wireless-charging-system-market
Market Insights
The overall in-car wireless charging system market is strongly driven by the growth in production of smart automotives. Post-recession, the automotive industry worldwide has shown positive signs of recovery. The demand for luxury and semi-luxury high performance vehicles has risen significantly over the last few years. Premium and luxury car segment represents the largest end-use segment in the global in-car wireless charging system market. The segment accounted for over three-fourth of the market revenue in 2016. Rising demand for smart cars is driving the demand for advanced car infotainment systems and telematics , thereby driving demand for wireless charging systems in luxury and premium car segment.
Commercial vehicle segment including both light commercial vehicles and heavy commercial vehicles presents a sound growth opportunity for in-care wireless charging device manufacturers. Increased trade activity and volumes of on-road containerized freight over a long distance necessitates use of infotainment technologies including GPS navigation, which consumes battery. The use of in-car wireless charging systems eliminates the need to carry multiple chargers, thereby efficiently addressing concerns related to the battery life. However, the adoption of wireless charging technology in automotives is marred by several challenges. One of the major challenges is the lack of universal standard and incompatibility with several existing devices. The existing charging solutions including cases, stands, and mats either support the Qi or PowerMat standard. With the introduction of Apple’s latest iPhones that support wireless charging, automakers may be encouraged to make this a standard across most of their fleets.
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