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Global Automotive Inductive Wireless Charging Systems Market 2017-2021

Global Automotive Inductive Wireless Charging Systems Market 2017-2021

About Automotive Inductive Wireless Charging Systems

EVs, also known as electric drive vehicles, use one or more electric motors for propulsion. The motors are powered by a battery system that is charged by plugging an external power supply when the vehicle is not moving. When the vehicle is on the road, the battery pack is charged in small amounts through regenerative braking. Therefore, these vehicles are referred to as plug-in EVs (PEVs). These vehicles include all EVs, hybrid EVs (HEVs), and plug-in HEVs (PHEVs).

Technavio’s analysts forecast the global automotive inductive wireless charging systems market to grow at a CAGR of 52.81% during the period 2017-2021.Covered in this report

The report covers the present scenario and the growth prospects of the global automotive inductive wireless charging systems market for 2017-2021. To calculate the market size, the report considers the revenue generated from the retail sales of haircare products to individual consumers and salons.

The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • North America
Technavio's report, Global Automotive Inductive Wireless Charging Systems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Evatran
  • Momentum Dynamics
  • Qualcomm Technologies
  • WiTricity
Other prominent vendors
  • Bosch
  • AeroVironment
  • ChargePoint
  • ECOtality
  • Fulton Innovation
  • Gill Industries
  • Mojo Mobility
  • PowerbyProxi
Market driver
  • Increased sales of PEVs in major regions globally.
  • For a full, detailed list, view our report
Market challenge
  • High installation cost: 30% costlier than conductive charging.
  • For a full, detailed list, view our report
Market trend
  • Vehicle-to-grid charging and storage system.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Automotive Inductive Wireless Charging Systems Market 2017-2021

Technavio recognizes the following companies as the key players in the global automotive inductive wireless charging systems market: Evatran, Momentum Dynamics, Qualcomm Technologies, and WiTricity.

Other Prominent Vendors in the market are: Bosch, AeroVironment, ChargePoint, ECOtality, Fulton Innovation, Gill Industries, Mojo Mobility, and PowerbyProxi.

Commenting on the report, an analyst from Technavio’s team said: “One trend in market is vehicle-to-grid charging and storage system. This is a new concept evolved from the WCS technology. In inductive charging, the power is transferred from a primary coil in the pad to a secondary coil under the vehicle through electromagnetic field formed between the air gap between these two coils. The recent development of this technology is the reversing the induction process to power back the grids from the charged vehicle whenever needed. The vehicle will draw energy from the grid through WCS at off-peak hours, and it will be stored in the PEV battery. During peak hours, the energy from batteries will induce a field to be produced by the coil under the vehicle. The coil in charging pads will acquire the power from the vehicles. This power is used to run office buildings or other facilities during peak hours, thereby reducing power demand on national grids.”

According to the report, one driver in market is increased sales of PEVs in major regions globally. The development and adoption of green vehicles are considered crucial for reducing the levels of greenhouse gases (GHGs) in the atmosphere to an acceptable level. These vehicles run on alternative sources of energy such as electricity, hybrid energy, and other power sources such as solar or wind energy or biofuels. Globally, countries are implementing stringent emission norms to reduce the amount of GHGs, thereby reducing the cause of global warming to an extent. APAC, North America, and Europe are the noteworthy regions that are implementing stringent regulations on fuel emission. Furthermore, these countries are also offering tax incentives for increasing the adoption of EVs.

Further, the report states that one challenge in market is non-harmonization of standards for wireless charging. There are many certification agencies globally that draft standards for the normal use of inductive WCS. The presence of many agencies has created confusions as this leads to the creation of varying standards. Further, companies operating on a global scale face many problems and need to spend more time and resources for the development of systems that are compliant with various regulatory norms. In 2015, there were three major standards for wireless electricity transmission developed by the Alliance for Wireless Power (A4WP), the Power Matter Alliance (PMA), and the Wireless Power Consortium (WPC). Samsung, Qualcomm Technologies, and Broadcom are some of the notable members of A4WP. Duracell, Starbucks, and AT&T are some of the notable members of PMA. Foxconn, Microsoft, Nokia, and Panasonic are some of the notable members of WPC.

Companies Mentioned

Evatran, Momentum Dynamics, Qualcomm Technologies, WiTricity, Bosch, AeroVironment, ChargePoint, ECOtality, Fulton Innovation, Gill Industries, Mojo Mobility, PowerbyProxi.

  • Executive summary
  • Scope of the report
    • Overview
    • Report coverage
      • Table Review period, exclusions, and methodology: Global automotive inductive WCS market
    • Top-vendor offerings
      • Table Key vendors: Product offerings
      • Table Other prominent vendors: Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • PEV charging
      • Table PEV charging technologies
    • History of inductive WCS in automotive
    • Global outlook of inductive WCS market
      • Table Global EV charger market 2021
    • Recent developments in global automotive inductive WCS market
      • Table Major trials and developments in WCS technology
    • Value chain analysis
      • Table Value chain analysis of global automotive inductive WCS market
  • Market landscape
    • Market overview
      • Table Market landscape of global automotive inductive WCS market
    • Market size and forecast
      • Table Global automotive inductive WCS market 2016-2021 (unit sales in thousands)
    • Five forces analysis
      • Table Five forces analysis
  • Geographical segmentation
    • Overview
      • Table Global automotive inductive WCS market by geography 2016
      • Table Global automotive inductive WCS market by geography 2021
      • Table Global automotive inductive WCS market share by geography 2016-2021
    • Automotive inductive WCS market in APAC
      • Table China and Japan in global PEV market 2016
      • Table Automotive inductive WCS market in APAC: Recent developments
      • Table Automotive inductive WCS market in APAC 2016-2021 (unit sales in thousands)
    • Automotive inductive WCS market in North America
      • Table PEV market in North America by countries 2016
      • Table Automotive inductive WCS market in North America: Recent developments
      • Table Automotive inductive WCS market in North America 2016-2021 (unit sales in thousands)
    • Automotive inductive WCS market in Europe
      • Table Automotive inductive WCS market in Europe: Recent developments
      • Table Automotive inductive WCS market in Europe 2016- 2021 (unit sales in thousands)
  • Market drivers
    • Increased sales of PEVs in major regions globally
      • Table Global PEV sales 2016- 2021 (unit sales in millions)
    • Increased investments in infrastructure development and inhouse charger development by OEMs
    • Demand for rapid charging to alleviate range concerns
  • Market challenges
    • High installation cost: 30% costlier than conductive charging
    • Non-harmonization of standards for wireless charging
    • Lesser efficiency of WCS
    • Increasing cost pressure on OEMs from demand side
  • Market trends
    • On-road dynamic WCS
    • Vehicle-to-grid charging and storage system
    • Autonomous EVs with WCS
  • Vendor landscape
    • Competitive benchmarking
      • Table Competitive benchmarking
    • Other prominent vendors
      • Table Other prominent vendors in global automotive inductive WCS market
  • Key vendor analysis
    • Evatran
      • Table Evatran: Recent developments
    • Momentum Dynamics
      • Table Momentum Dynamics: Recent developments
    • Qualcomm Technologies
      • Table Qualcomm Technologies: Business segmentation by revenue 2015
      • Table Qualcomm Technologies: Geographic segmentation by revenue 2015
      • Table Qualcomm Technologies: Recent developments
    • WiTricity
      • Table WiTricity: Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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