In-Car Wireless Charging Market Size, Trends, and Insights By Technology (Inductive Power Transfer, Magnetic Resonance Charging, Conductive Charging), By Charging Standard (PMA Standard, QMA Standard), By Device Type (Smartphones, Tablets, Other Devices), By Vehicle Type (Electric Vehicle, Hybrid Vehicle, Fuel-based Vehicle), By Distribution Channel (OEM, Aftermarket), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Apple Inc.
- Aircharge
- Hella KGaA Hueck & Co
- Infineon Technologies AG
- Samsung Electronics Co.
- Others
Reports Description
According to Custom Market Insights (CMI), the Global In-Car Wireless Charging Market size was estimated at USD 6 Billion in 2021 and is expected to reach USD 7 billion in 2022 and is expected to hit around USD 15 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 38% from 2022 to 2030.
Our research report offers a 360-degree view of the In-Car Wireless Charging market’s drivers and restraints, coupled with their impact on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the In-Car Wireless Charging market.
- Smartphones, wearables, and other compatible devices may all be wirelessly charged in cars owing to an incorporated component known as in-car wireless charging.
- Induction coils produce an electromagnetic field in the system, which is used to transfer energy from a transmitter unit to a receiver unit. The receiver unit then transforms the energy into safe and effective electricity that can be used to wirelessly charge a variety of Qi-compatible gadgets, such as smartphones, earphones, smartwatches, and more.
- The wireless infrastructure in many industries, including the automotive industry, is supported by the development of technology and the rollout of 5G in various nations. The dependability of this technology has increased for both mobile data and high-speed connections. Due to the widespread shift of business classes toward online culture, it is in great demand from consumers. However, utilizing more of these technologies depletes the battery, which motivates the makers to create wireless charging battery packs and pads to make it easier for their consumers.
- For customers around the world, staying connected when traveling has become essential to their current way of life. Smartphones must always be charged for this. The usage of in-vehicle wireless charging to recharge electronic devices like smartphones is a new idea for modern cars. The electromagnetic field and inductive coupling are used in in-car wireless charging technology to transfer energy from a transmitter to a receiver. Long-term dependability, compatibility with many smartphone models, and quick charging speed are all made possible by this technology. Wireless chargers are used in the in-car wireless charging system (WCS) to recharge electronic gadgets such as cell phones, tablets, and MP3/WAV players. The device uses inductive charging to charge the connected gadgets.
- Companies like BMW use Qi wireless technology and Mercedes, Volkswagen, and Hyundai to improve connectivity with features like Apple CarPlay, Bluetooth, and Android Auto. As soon as you get in the car, you may use these capabilities to manage the phone in various ways, such as via the dashboard screen, voice commands, steering wheel controls, or gestures. The addition of wireless charging eliminates the problem of a depleted battery after the journey, where intensive use of apps, navigation, and music may have previously occurred. Wireless charging keeps the device completely charged while in use.
Report Scope
The study’s focus is on the In-Car Wireless Charging market analysis on a global scale, and market sizing include the income generated by these solutions provided by different market players. In order to support the market projections and growth rates over the anticipated period of 2022-2030, the study additionally monitors important market factors, underlying growth influencers, and significant vendors active in the sector.
The study also examines how COVID-19 has affected the ecology generally. The scope of the study includes market sizing and forecast for segmentation by technology, charging standard, device type, vehicle type, distribution channel, and geography.
| Feature of the Report | Details |
| Market Size in 2021 | USD 6 Billion |
| Projected Market Size in 2030 | USD 15 Billion |
| Market Size in 2022 | USD 7 Billion |
| CAGR Growth Rate | 38% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Prominent Players | Apple Inc., Aircharge, Hella KGaA Hueck & Co, Infineon Technologies AG, Samsung Electronics Co., Power square, Mojo Mobility Inc., Powermat Technologies Ltd, Qualcomm Technologies Inc., Zens, and Others |
| Key Segment | By Technology, Charging Standard, Device Type, Vehicle Type, Distribution Channel, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors, and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfill your requirements for research. |
Key Market Dynamics
- Smartphones and other electronic devices now require more frequent charging due to increased battery depletion from constant use. As a result, many consumers may find it appealing that in-car charging is available so that passengers of the vehicle can charge their smartphones and other gadgets. The global in-car wireless charging market is predicted to grow as a result of technological advancements in in-car wireless charging modules and accessories offered by well-known vehicle manufacturers.
- Automakers are propelled to provide in-car wireless charging systems because of the demand for luxury features in vehicles. In the previous few years, premium automobile models included such characteristics. However, the increased competition among automakers has raised the incorporation of opulent amenities like in-car wireless charging systems in their vehicles in an effort to draw in more customers. As a result, during the projection period, key players involved in the production of in-car wireless charging systems are anticipated to benefit financially.
- Globally, the 2020 demand for consumer electronics, industrial electronics, and automotive electronics was dramatically impacted by the corona pandemic outbreak. One of the biggest suppliers of both raw materials and finished goods is China. Due to supply chain disruptions and fluctuating raw material prices, the sector in China will see a decrease in production in 2020. Additionally, the market for in-car wireless charging is being challenged by the shortage of raw materials caused by the global halting of mining operations due to the forced shutdown of manufacturing activities. The market is anticipated to rebound from its financial setbacks, nevertheless, because an increase in in-car wireless charging demand is anticipated during the projection period.
Asia Pacific Region Led the In-Car Wireless Charging Market
- The North American, European, Latin American, Asian Pacific, Middle Eastern, and African regions make up the majority of the worldwide in-car wireless charging market.
- Due to an increase in the production and sales of electric passenger vehicles in China, South Korea, and India, the Asia Pacific region is anticipated to account for a significant portion of the market for in-car wireless charging.
- One of the biggest producers of aftermarket goods, including inexpensive in-car wireless charging, is China. The preferences of the population in the Asia Pacific region are rapidly shifting toward electric vehicles. As a result, it is anticipated that the market for in-car wireless charging would grow throughout the Asia Pacific.
Competitive Landscape
These major key players employ various strategies to maintain their market share in the in-car wireless charging market on a global scale. These strategies include mergers and acquisitions, setting up joint ventures, collaboration, forming partnerships, creating new product lines, developing new production processes, innovating with existing products, and many others.
- 2022: In an effort to buy the tech giant’s in-car wireless smartphone charging business, Korean company BH, a parts supplier for Apple and Samsung, is in acquisition talks with LG Electronics.
- 2022: Belkin exclusively introduced the new MagSafe iPhone charging mount on Apple’s US website. This is the first official MagSafe 15W fast wireless charging car vent mount charger for the iPhone, according to the company.
The global In-Car Wireless Charging market is segmented as follows:
By Technology
- Inductive Power Transfer
- Magnetic Resonance Charging
- Conductive Charging
By Charging Standard
- PMA Standard
- QMA Standard
By Device Type
- Smartphones
- Tablets
- Other Devices
By Vehicle Type
- Electric Vehicle
- Hybrid Vehicle
- Fuel-based Vehicle
By Distribution Channel
- OEM
- Aftermarket
By Region
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global In-Car Wireless Charging Market, (2022 – 2030) (USD Billion)
- 2.2 Global In-Car Wireless Charging Market : snapshot
- Chapter 3. Global In-Car Wireless Charging Market – Industry Analysis
- 3.1 In-Car Wireless Charging Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Rising demand for electric vehicles and government’s growing endeavors to exploit the untapped market’s potential by offering subsidies also present a variety of prospects for worldwide market growth.
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Technology
- 3.7.2 Market attractiveness analysis By Charging Standard
- 3.7.3 Market attractiveness analysis By Device Type
- 3.7.4 Market attractiveness analysis By Vehicle Type
- 3.7.5 Market attractiveness analysis By Distribution Channel
- Chapter 4. Global In-Car Wireless Charging Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global In-Car Wireless Charging Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global In-Car Wireless Charging Market – Technology Analysis
- 5.1 Global In-Car Wireless Charging Market overview: By Technology
- 5.1.1 Global In-Car Wireless Charging Market share, By Technology, 2021 and 2030
- 5.2 Inductive Power Transfer
- 5.2.1 Global In-Car Wireless Charging Market by Inductive Power Transfer, 2022 – 2030 (USD Billion)
- 5.3 Magnetic Resonance Charging
- 5.3.1 Global In-Car Wireless Charging Market by Magnetic Resonance Charging, 2022 – 2030 (USD Billion)
- 5.4 Conductive Charging
- 5.4.1 Global In-Car Wireless Charging Market by Conductive Charging, 2022 – 2030 (USD Billion)
- 5.1 Global In-Car Wireless Charging Market overview: By Technology
- Chapter 6. Global In-Car Wireless Charging Market – Charging Standard Analysis
- 6.1 Global In-Car Wireless Charging Market overview: By Charging Standard
- 6.1.1 Global In-Car Wireless Charging Market share, By Charging Standard, 2021 and 2030
- 6.2 PMA Standard
- 6.2.1 Global In-Car Wireless Charging Market by PMA Standard, 2022 – 2030 (USD Billion)
- 6.3 QMA Standard
- 6.3.1 Global In-Car Wireless Charging Market by QMA Standard, 2022 – 2030 (USD Billion)
- 6.1 Global In-Car Wireless Charging Market overview: By Charging Standard
- Chapter 7. Global In-Car Wireless Charging Market – Device Type Analysis
- 7.1 Global In-Car Wireless Charging Market overview: By Device Type
- 7.1.1 Global In-Car Wireless Charging Market share, By Device Type, 2021 and 2030
- 7.2 Smartphones
- 7.2.1 Global In-Car Wireless Charging Market by Smartphones, 2022 – 2030 (USD Billion)
- 7.3 Tablets
- 7.3.1 Global In-Car Wireless Charging Market by Tablets, 2022 – 2030 (USD Billion)
- 7.4 Other Devices
- 7.4.1 Global In-Car Wireless Charging Market by Other Devices, 2022 – 2030 (USD Billion)
- 7.1 Global In-Car Wireless Charging Market overview: By Device Type
- Chapter 8. Global In-Car Wireless Charging Market – Vehicle Type Analysis
- 8.1 Global In-Car Wireless Charging Market overview: By Vehicle Type
- 8.1.1 Global In-Car Wireless Charging Market share, By Vehicle Type, 2021 and 2030
- 8.2 Electric Vehicle
- 8.2.1 Global In-Car Wireless Charging Market by Electric Vehicle, 2022 – 2030 (USD Billion)
- 8.3 Hybrid Vehicle
- 8.3.1 Global In-Car Wireless Charging Market by Hybrid Vehicle, 2022 – 2030 (USD Billion)
- 8.4 Fuel-based Vehicle
- 8.4.1 Global In-Car Wireless Charging Market by Fuel-based Vehicle, 2022 – 2030 (USD Billion)
- 8.1 Global In-Car Wireless Charging Market overview: By Vehicle Type
- Chapter 9. Global In-Car Wireless Charging Market – Distribution Channel Analysis
- 9.1 Global In-Car Wireless Charging Market overview: By Distribution Channel
- 9.1.1 Global In-Car Wireless Charging Market share, By Distribution Channel, 2021 and 2030
- 9.2 OEM
- 9.2.1 Global In-Car Wireless Charging Market by OEM, 2022 – 2030 (USD Billion)
- 9.3 Aftermarket
- 9.3.1 Global In-Car Wireless Charging Market by Aftermarket, 2022 – 2030 (USD Billion)
- 9.1 Global In-Car Wireless Charging Market overview: By Distribution Channel
- Chapter 10. In-Car Wireless Charging Industry – Regional Analysis
- 10.1 Global In-Car Wireless Charging Industry Regional Overview
- 10.2 Global In-Car Wireless Charging Industry Share, by Region, 2021 & 2030 (USD Billion)
- 10.3. North America
- 10.3.1 North America In-Car Wireless Charging Industry, 2022 – 2030 (USD Billion)
- 10.3.1.1 North America In-Car Wireless Charging Industry, by Country, 2022 – 2030 (USD Billion)
- 10.3.1 North America In-Car Wireless Charging Industry, 2022 – 2030 (USD Billion)
- 10.4 North America In-Car Wireless Charging Industry, by Technology, 2022 – 2030
- 10.4.1 North America In-Car Wireless Charging Industry, by Technology, 2022 – 2030 (USD Billion)
- 10.5 North America In-Car Wireless Charging Industry, by Charging Standard, 2022 – 2030
- 10.5.1 North America In-Car Wireless Charging Industry, by Charging Standard, 2022 – 2030 (USD Billion)
- 10.6 North America In-Car Wireless Charging Industry, by Device Type, 2022 – 2030
- 10.6.1 North America In-Car Wireless Charging Industry, by Device Type, 2022 – 2030 (USD Billion)
- 10.7 North America In-Car Wireless Charging Industry, by Vehicle Type, 2022 – 2030
- 10.7.1 North America In-Car Wireless Charging Industry, by Vehicle Type, 2022 – 2030 (USD Billion)
- 10.8 North America In-Car Wireless Charging Industry, by Distribution Channel, 2022 – 2030
- 10.8.1 North America In-Car Wireless Charging Industry, by Distribution Channel, 2022 – 2030 (USD Billion)
- 10.9. Europe
- 10.9.1 Europe In-Car Wireless Charging Industry, 2022 – 2030 (USD Billion)
- 10.9.1.1 Europe In-Car Wireless Charging Industry, by Country, 2022 – 2030 (USD Billion)
- 10.9.1 Europe In-Car Wireless Charging Industry, 2022 – 2030 (USD Billion)
- 10.10 Europe In-Car Wireless Charging Industry, by Technology, 2022 – 2030
- 10.10.1 Europe In-Car Wireless Charging Industry, by Technology, 2022 – 2030 (USD Billion)
- 10.11 Europe In-Car Wireless Charging Industry, by Charging Standard, 2022 – 2030
- 10.11.1 Europe In-Car Wireless Charging Industry, by Charging Standard, 2022 – 2030 (USD Billion)
- 10.12 Europe In-Car Wireless Charging Industry, by Device Type, 2022 – 2030
- 10.12.1 Europe In-Car Wireless Charging Industry, by Device Type, 2022 – 2030 (USD Billion)
- 10.13 Europe In-Car Wireless Charging Industry, by Vehicle Type, 2022 – 2030
- 10.13.1 Europe In-Car Wireless Charging Industry, by Vehicle Type, 2022 – 2030 (USD Billion)
- 10.14 Europe In-Car Wireless Charging Industry, by Distribution Channel, 2022 – 2030
- 10.14.1 Europe In-Car Wireless Charging Industry, by Distribution Channel, 2022 – 2030 (USD Billion)
- 10.15. Asia Pacific
- 10.15.1 Asia Pacific In-Car Wireless Charging Industry, 2022 – 2030 (USD Billion)
- 10.15.1.1 Asia Pacific In-Car Wireless Charging Industry, by Country, 2022 – 2030 (USD Billion)
- 10.15.1 Asia Pacific In-Car Wireless Charging Industry, 2022 – 2030 (USD Billion)
- 10.16 Asia Pacific In-Car Wireless Charging Industry, by Technology, 2022 – 2030
- 10.16.1 Asia Pacific In-Car Wireless Charging Industry, by Technology, 2022 – 2030 (USD Billion)
- 10.17 Asia Pacific In-Car Wireless Charging Industry, by Charging Standard, 2022 – 2030
- 10.17.1 Asia Pacific In-Car Wireless Charging Industry, by Charging Standard, 2022 – 2030 (USD Billion)
- 10.18 Asia Pacific In-Car Wireless Charging Industry, by Device Type, 2022 – 2030
- 10.18.1 Asia Pacific In-Car Wireless Charging Industry, by Device Type, 2022 – 2030 (USD Billion)
- 10.19 Asia Pacific In-Car Wireless Charging Industry, by Vehicle Type, 2022 – 2030
- 10.19.1 Asia Pacific In-Car Wireless Charging Industry, by Vehicle Type, 2022 – 2030 (USD Billion)
- 10.20 Asia Pacific In-Car Wireless Charging Industry, by Distribution Channel, 2022 – 2030
- 10.20.1 Asia Pacific In-Car Wireless Charging Industry, by Distribution Channel, 2022 – 2030 (USD Billion)
- 10.21. Latin America
- 10.21.1 Latin America In-Car Wireless Charging Industry, 2022 – 2030 (USD Billion)
- 10.21.1.1 Latin America In-Car Wireless Charging Industry, by Country, 2022 – 2030 (USD Billion)
- 10.21.1 Latin America In-Car Wireless Charging Industry, 2022 – 2030 (USD Billion)
- 10.22 Latin America In-Car Wireless Charging Industry, by Technology, 2022 – 2030
- 10.22.1 Latin America In-Car Wireless Charging Industry, by Technology, 2022 – 2030 (USD Billion)
- 10.23 Latin America In-Car Wireless Charging Industry, by Charging Standard, 2022 – 2030
- 10.23.1 Latin America In-Car Wireless Charging Industry, by Charging Standard, 2022 – 2030 (USD Billion)
- 10.24 Latin America In-Car Wireless Charging Industry, by Device Type, 2022 – 2030
- 10.24.1 Latin America In-Car Wireless Charging Industry, by Device Type, 2022 – 2030 (USD Billion)
- 10.25 Latin America In-Car Wireless Charging Industry, by Vehicle Type, 2022 – 2030
- 10.25.1 Latin America In-Car Wireless Charging Industry, by Vehicle Type, 2022 – 2030 (USD Billion)
- 10.26 Latin America In-Car Wireless Charging Industry, by Distribution Channel, 2022 – 2030
- 10.26.1 Latin America In-Car Wireless Charging Industry, by Distribution Channel, 2022 – 2030 (USD Billion)
- 10.27. The Middle-East and Africa
- 10.27.1 The Middle-East and Africa In-Car Wireless Charging Industry, 2022 – 2030 (USD Billion)
- 10.27.1.1 The Middle-East and Africa In-Car Wireless Charging Industry, by Country, 2022 – 2030 (USD Billion)
- 10.27.1 The Middle-East and Africa In-Car Wireless Charging Industry, 2022 – 2030 (USD Billion)
- 10.28 The Middle-East and Africa In-Car Wireless Charging Industry, by Technology, 2022 – 2030
- 10.28.1 The Middle-East and Africa In-Car Wireless Charging Industry, by Technology, 2022 – 2030 (USD Billion)
- 10.29 The Middle-East and Africa In-Car Wireless Charging Industry, by Charging Standard, 2022 – 2030
- 10.29.1 The Middle-East and Africa In-Car Wireless Charging Industry, by Charging Standard, 2022 – 2030 (USD Billion)
- 10.30 The Middle-East and Africa In-Car Wireless Charging Industry, by Device Type, 2022 – 2030
- 10.30.1 The Middle-East and Africa In-Car Wireless Charging Industry, by Device Type, 2022 – 2030 (USD Billion)
- 10.31 The Middle-East and Africa In-Car Wireless Charging Industry, by Vehicle Type, 2022 – 2030
- 10.31.1 The Middle-East and Africa In-Car Wireless Charging Industry, by Vehicle Type, 2022 – 2030 (USD Billion)
- 10.32 The Middle-East and Africa In-Car Wireless Charging Industry, by Distribution Channel, 2022 – 2030
- 10.32.1 The Middle-East and Africa In-Car Wireless Charging Industry, by Distribution Channel, 2022 – 2030 (USD Billion)
- Chapter 11. Company Profiles
- 11.1 Apple Inc.
- 11.1.1 Overview
- 11.1.2 Financials
- 11.1.3 Product Portfolio
- 11.1.4 Business Strategy
- 11.1.5 Recent Developments
- 11.2 Aircharge
- 11.2.1 Overview
- 11.2.2 Financials
- 11.2.3 Product Portfolio
- 11.2.4 Business Strategy
- 11.2.5 Recent Developments
- 11.3 Hella KGaA Hueck & Co
- 11.3.1 Overview
- 11.3.2 Financials
- 11.3.3 Product Portfolio
- 11.3.4 Business Strategy
- 11.3.5 Recent Developments
- 11.4 Infineon Technologies AG
- 11.4.1 Overview
- 11.4.2 Financials
- 11.4.3 Product Portfolio
- 11.4.4 Business Strategy
- 11.4.5 Recent Developments
- 11.5 Samsung Electronics Co.
- 11.5.1 Overview
- 11.5.2 Financials
- 11.5.3 Product Portfolio
- 11.5.4 Business Strategy
- 11.5.5 Recent Developments
- 11.6 Power square
- 11.6.1 Overview
- 11.6.2 Financials
- 11.6.3 Product Portfolio
- 11.6.4 Business Strategy
- 11.6.5 Recent Developments
- 11.7 Mojo Mobility Inc.
- 11.7.1 Overview
- 11.7.2 Financials
- 11.7.3 Product Portfolio
- 11.7.4 Business Strategy
- 11.7.5 Recent Developments
- 11.8 Powermat Technologies Ltd
- 11.8.1 Overview
- 11.8.2 Financials
- 11.8.3 Product Portfolio
- 11.8.4 Business Strategy
- 11.8.5 Recent Developments
- 11.9 Qualcomm Technologies Inc.
- 11.9.1 Overview
- 11.9.2 Financials
- 11.9.3 Product Portfolio
- 11.9.4 Business Strategy
- 11.9.5 Recent Developments
- 11.10 Zens.
- 11.10.1 Overview
- 11.10.2 Financials
- 11.10.3 Product Portfolio
- 11.10.4 Business Strategy
- 11.10.5 Recent Developments
- 11.1 Apple Inc.
List Of Figures
Figures No 1 to 33
List Of Tables
Tables No 1 to 127
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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FAQs
“Asia-Pacific” region will lead the global In-Car Wireless Charging market during the forecast period 2022 to 2030.
The key factors driving the market are rising demand for electric vehicles and government’s growing endeavors to exploit the untapped market’s potential by offering subsidies also present a variety of prospects for worldwide market growth.
The key players operating in the In-Car Wireless Charging market are Apple Inc., Aircharge, Hella KGaA Hueck & Co, Infineon Technologies AG, Samsung Electronics Co., Power square, Mojo Mobility Inc., Powermat Technologies Ltd, Qualcomm Technologies Inc., Zens.
The global In-Car Wireless Charging market is expanding growth with a CAGR of approximately 38% during the forecast period (2022 to 2030).
The global In-Car Wireless Charging market size was valued at USD 6 Billion in 2021 and it is projected to reach around USD 15 Billion by 2030.