Automotive Inductive Wireless Charging Systems Market to Grow Over 102% CAGR and Register Incremental Growth of 6.88 Million units During 2020-2024 | Technavio
Technavio has been monitoring the automotive inductive wireless charging systems market and it is poised to grow by 6.88 mn units during 2020-2024, progressing at a CAGR of over 102% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Automotive Inductive Wireless Charging Systems Market 2020-2024 (Graphic: Business Wire)
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Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the automotive inductive wireless charging systems market. The market growth in 2020 is likely to increase compared to the market growth in 2019.
Frequently Asked Questions:
Based on segmentation by application, which is the leading segment in the market?
The residential charging systems segment led the market in 2019.What are the major trends in the market?
The advent of on-road dynamic wireless charging systems is the major trend in the market.At what rate is the market projected to grow?
The market is projected to grow at a CAGR of over 102% during 2020-2024.Who are the top players in the market?
Continental AG, ConvenientPower HK Limited, Energizer Holdings Inc., Evatran Group Inc., Leggett & Platt Inc., MediaTek Inc., Momentum Dynamics, Qualcomm Inc., Renesas Electronics Corp., and WiTricity Corporation are the top players in the market.What are the key market drivers and challenges?
The market is driven by the increasing demand for HEVs and EVs. However, high installation costs will challenge the market growth.
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The market is concentrated, and the degree of concentration will accelerate during the forecast period. Continental AG, ConvenientPower HK Limited, Energizer Holdings Inc., Evatran Group Inc., Leggett & Platt Inc., MediaTek Inc., Momentum Dynamics, Qualcomm Inc., Renesas Electronics Corp., and WiTricity Corporation are some of the major market participants. Although the increasing demand for HEVs and EVs will offer immense growth opportunities, high installation costs are likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this automotive inductive wireless charging systems market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Automotive Inductive Wireless Charging Systems Market 2020-2024: Segmentation
Automotive Inductive Wireless Charging Systems Market is segmented as below:
Application
Residential Charging Systems
Public Charging Systems
Geography
North America
Europe
APAC
South America
MEA
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Automotive Inductive Wireless Charging Systems Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive inductive wireless charging systems market report covers the following areas:
Automotive Inductive Wireless Charging Systems Market Size
Automotive Inductive Wireless Charging Systems Market Trends
Automotive Inductive Wireless Charging Systems Market Industry Analysis
This study identifies On-road dynamic wireless charging systems as one of the prime reasons driving the Automotive Inductive Wireless Charging Systems Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Automotive Inductive Wireless Charging Systems Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist automotive inductive wireless charging systems market growth during the next five years
Estimation of the automotive inductive wireless charging systems market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the automotive inductive wireless charging systems market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of automotive inductive wireless charging systems market vendors
Table of Contents:
Executive Summary
Market Landscape
Market ecosystem
Market characteristics
Value chain analysis
Market Sizing
Market definition
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five force summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market Segmentation by Application
Market segments
Comparison by Application
Residential charging systems - Market size and forecast 2019-2024
Public charging systems - Market size and forecast 2019-2024
Market opportunity by Application
Customer landscape
Geographic Landscape
Geographic segmentation
Geographic comparison
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Market drivers
Market challenges
Market trends
Vendor Landscape
Vendor landscape
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
Continental AG
ConvenientPower HK Ltd.
Energizer Holdings Inc.
Evatran Group Inc.
Leggett & Platt Inc.
MediaTek Inc.
Momentum Dynamics
Qualcomm Inc.
Renesas Electronics Corp.
WiTricity Corp.
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201203006026/en/
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