Unlock What Growth Wireless Car Charging Market May See in Future; Participants Still Eyeing Growth in Market

Wireless Car Charging Market Latest Edition Published with Forecast to 2027
The article cited AMA's Global Wireless Car Charging Market Study explored substantial growth with CAGR of %. According the report, Increasing Government Support for Electric Vehicles is one of the primary growth factors for the market. Increasing Demand for Hybrid and Electric Cars is also expected to contribute significantly to the Wireless Car Charging market. Overall, Passenger Cars applications of Wireless Car Charging, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Evatran Group (United States), WiTricy Corporation (United States), Hevo Power (United States), Tesla Inc. (United States), Bombardier, Inc. (Canada), Bayerische Motoren Werke AG (Germany), Momentum Dynamic Corporation (United States), Robert Bosch Group (Germany), Evatran, LLC (United States), Mojo Mobility Inc. (United States), ZTE Corporation (China) and HEVO, Inc. (United States) may see astonishing sales in this Market and certainly improve revenue growth.

The Operating Techniques, such as Capacitive Wireless Power Transfer (CWPT), is boosting the Wireless Car Charging market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Power Supply, such as 3–<11 kilowatt, is boosting the Wireless Car Charging market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Wireless Car Charging market identified that the demand is rising in many different parts of the world as "Growing Government Spending on Battery Technology ". Furthermore, some recent industry insights like "In February 2019, WiTricity signed technology licensing agreement with Yura Corporation, a leading South Korea-based automotive Tier 1 supplier for wireless charging technology for EVs. This agreement enables Yura to access WiTricity's wireless charging technology, support, and intellectual property (IP) rights to develop and commercialize wireless EV charging systems. and In July 2016, Evatran Group and Zhejiang VIE Science and Technology Company formed a joint venture to integrate Plugless, Evatran’s wireless electric vehicle (EV) charging system, into the EVs of car manufacturers (OEMs) based in China. This new venture is called Zhejiang VIE Evatran Electronic Technologies Co. and was created with an initial investment of USD 5 million" is constantly making the industry dynamic. One of the challenges that industry facing is "Lack of a Unified Standard and Safety Concerns Surrounding Wireless Charging:{Since the charging occurs without direct human control, it must be designed to respond safely to the presence of foreign objects and living objects under or near the electromagnetic field. The charging system should recognize and protect an animal or child that enters the electromagnetic field}"

The report provides an in-depth analysis and forecast about the industry covering the following key features:

• Detailed Overview of Wireless Car Charging market will help deliver clients and businesses making strategies.
• Influencing factors that thriving demand and latest trend running in the market
• What is the market concentration? Is it fragmented or highly concentrated?
• What trends, challenges and barriers will impact the development and sizing of Wireless Car Charging market
• SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights.
• What growth momentum or downgrade market may carry during the forecast period?
• Which region may tap highest market share in coming era?
• What focused approach and constraints are holding the Wireless Car Charging market tight?
• Which application/end-user category or Product Type [Static Wireless Charging and Dynamic Wireless Charging] may seek incremental growth prospects?
• What would be the market share of key countries like Germany, USA, France, China etc.?

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Wireless Car Charging market and other related sub-markets covered in the study.

o Key & emerging players in the Wireless Car Charging market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Wireless Car Charging market size is calculated using market estimation process, the Wireless Car Charging market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Wireless Car Charging market size has been validated using both top-down and bottom-up approaches.

Craig Francis

PR & Marketing Manager