Automotive Inductive Wireless Charging System Market by Component, Technology, Vehicle Type, Ownership

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[182 Pages Report] The Automotive Inductive Wireless Charging System Market size was estimated at USD 2.43 billion in 2023 and expected to reach USD 2.81 billion in 2024, at a CAGR 16.55% to reach USD 7.12 billion by 2030.

The automotive inductive wireless charging system is a cutting-edge technology designed to provide a cable-free method of charging electric vehicles (EVs). This system transfers electrical energy from a charging station or pad to the vehicle's battery without needing physical connectors or plugs. The process involves an induction coil creating an alternating electromagnetic field within the charger base station, which then induces a current in a second coil located in the vehicle, thereby charging its battery. This innovative approach enhances convenience and ease of use for EV owners and promotes a cleaner, more efficient charging infrastructure. The continuous rise in global electric vehicle sales propels the demand for inductive wireless charging systems. As consumers increasingly opt for EVs due to environmental concerns and the push for renewable energy, the demand for convenient and innovative charging solutions, such as wireless charging, also rises. However, the high cost associated with charging, deploying, and installing inductive wireless charging infrastructure is a significant challenge the manufacturers face. Companies are frequently working toward innovative product solutions and R&D efforts to remain agile within the landscape. Moreover, Advancements in wireless charging technology have improved efficiency, reduced costs, and increased the convenience of charging electric vehicles. These improvements enhance user experience and make inductive wireless charging systems a more appealing option for EV owners, propelling their adoption in the automotive sector.

KEY MARKET STATISTICS
Base Year [2023]	USD 2.43 billion
Estimated Year [2024]	USD 2.81 billion
Forecast Year [2030]	USD 7.12 billion
CAGR (%)	16.55%

Regional Insights

The United States and Canada are notable markets for automotive inductive wireless charging systems in the Americas. The United States, being a significant player in the automotive industry, has seen a steady increase in EV adoption, which, in turn, has spurred demand for innovative charging solutions, including inductive wireless charging. Several startups and established companies are investing heavily in research and development to enhance the efficiency and convenience of these systems in this region. Canada is also witnessing growing interest in EVs and related technologies, supported by government policies favoring green energy and sustainable transportation solutions. On the other hand, the European Union (EU) countries have been at the forefront of adopting automotive inductive wireless charging systems bolstered by stringent environmental regulations and policies promoting the use of electric vehicles. The increased consumer demand for EVs and the need for convenient charging solutions have led to significant investments and partnerships to expand the inductive wireless charging infrastructure. Moreover, the Asia Pacific region, notably China, Japan, and India, is experiencing rapid growth in the automotive inductive wireless charging system market, driven by increasing electric vehicle (EV) adoption and significant technological advancements. China and India present significant consumer needs and technical development, with the government's strong support for EVs through incentives and an extensive charging infrastructure network.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Automotive Inductive Wireless Charging System Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- The continuous rise in electric vehicle production and sales worldwide
- Requirements for more efficient and compact charging systems
- Governmental support and initiatives in the adoption of EV vehicles and charging infrastructure

Market Restraints
- High cost associated with the deployment of automotive inductive wireless charging system

Market Opportunities
- Technological advancements and R&D for the development of cost-effective wireless charging technologies
- Growing investments in EV charging infrastructure

Market Challenges
- Concerns related to safety and thermal management

Market Segmentation Analysis
- Technology: Continuous advancements in the inductive charging systems to improve efficiency & the convenience of charging in electric vehicles
- Vehicle Type: Utilization of inductive wireless charging system in passenger vehicles for seamless and hassle-free charging solutions

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Automotive Inductive Wireless Charging System Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Automotive Inductive Wireless Charging System Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Valeo's Ineez Air Charging

Valeo introduced Ineez Air Charging, marking a significant advancement in the automotive sector with its first appearance. This innovative wireless EV charging solution, distinguished by its inductive charging capability that eradicates the need for physical cables, is designed to cater to the growing demand for electric vehicles by offering a user-friendly and efficient recharging alternative. Notably, the Ineez Air Charging sets itself apart by operating at an ultra-low frequency of approximately 3kHz while maintaining an impressive efficiency rate of over 90 percent from grid to battery. It boasts universal compatibility with all types of wall boxes, various national grids globally, and electric vehicles equipped with 400-800V batteries. Furthermore, it integrates Vehicle-to-Grid (V2G) functionality and can be seamlessly installed in both public and private spaces, aligning with the future vision of autonomously recharging vehicles. [Published On: 2024-01-09]

MAHLE sets the global standard for wireless charging

MAHLE has revolutionized the electric vehicle charging landscape by introducing a pioneering inductive wireless charging system standardized globally by SAE International. This system, named DIPS (Differential Inductive Positioning System), utilizes a magnetic field for automatic vehicle alignment with the charging coil, ensuring an efficient and precise connection without manual intervention. Designed to initiate the charging process seamlessly, including in autonomous parking conditions and adverse environmental scenarios, DIPS significantly enhances convenience and reliability for electric and hybrid vehicle charging. [Published On: 2023-11-29]

SAE International Announces Alignment Methodology for Wireless Electric Vehicle Charging

SAE International made a pivotal advancement in the realm of electric vehicle (EV) technology by finalizing the Differential Inductive Positioning System (DIPS) as the standardized alignment methodology within the SAE J2954 standard for wireless power transfer (WPT) for light-duty plug-in/electric vehicles. This decision, supported by a coalition comprising OEMs, Tier 1s, and wireless charging suppliers, marks a significant step towards realizing fully automatic, all-weather, interoperable wireless charging for EVs. The implementation of DIPS promises to drastically simplify the EV charging process, embodying the vision of effortless parking and charging. [Published On: 2023-11-21]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Automotive Inductive Wireless Charging System Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Automotive Inductive Wireless Charging System Market, highlighting leading vendors and their innovative profiles. These include AeroVironment, Inc., Bombardier Inc., Continental AG, DAIHEN Corporation, Denso Corporation, Electreon Wireless Ltd., HEVO Inc., InductEV Inc., Lumen Group, MAHLE InnoWa GmbH, Mojo Mobility, Momentum Dynamics Corporation, Plugless Power LLC, Powermat Technologies Ltd., Qualcomm Technologies, Inc., Robert Bosch GmbH, Siemens AG, Toshiba Corporation, Toyota Motor Corporation, WIRELESS ADVANCED VEHICLE ELECTRIFICATION, LLC., Witricity Corporation, and ZTE Corporation.

Market Segmentation & Coverage

This research report categorizes the Automotive Inductive Wireless Charging System Market to forecast the revenues and analyze trends in each of the following sub-markets:

Component
- Hardware
- Software

Technology
- Electromagnetic Induction
- Magnetic Resonance
- Resonant Inductive Coupling

Vehicle Type
- Commercial Vehicles
- Passenger Vehicles

Ownership
- Private
- Public

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-BF5906741E5C

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. The continuous rise in electric vehicle production and sales worldwide
  - 5.1.1.2. Requirements for more efficient and compact charging systems
  - 5.1.1.3. Governmental support and initiatives in the adoption of EV vehicles and charging infrastructure
- 5.1.2. Restraints
  - 5.1.2.1. High cost associated with the deployment of automotive inductive wireless charging system
- 5.1.3. Opportunities
  - 5.1.3.1. Technological advancements and R&D for the development of cost-effective wireless charging technologies
  - 5.1.3.2. Growing investments in EV charging infrastructure
- 5.1.4. Challenges
  - 5.1.4.1. Concerns related to safety and thermal management
5.2. Market Segmentation Analysis
- 5.2.1. Technology: Continuous advancements in the inductive charging systems to improve efficiency & the convenience of charging in electric vehicles
- 5.2.2. Vehicle Type: Utilization of inductive wireless charging system in passenger vehicles for seamless and hassle-free charging solutions
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Automotive Inductive Wireless Charging System Market, by Component

6.1. Introduction
6.2. Hardware
6.3. Software

7. Automotive Inductive Wireless Charging System Market, by Technology

7.1. Introduction
7.2. Electromagnetic Induction
7.3. Magnetic Resonance
7.4. Resonant Inductive Coupling

8. Automotive Inductive Wireless Charging System Market, by Vehicle Type

8.1. Introduction
8.2. Commercial Vehicles
8.3. Passenger Vehicles

9. Automotive Inductive Wireless Charging System Market, by Ownership

9.1. Introduction
9.2. Private
9.3. Public

10. Americas Automotive Inductive Wireless Charging System Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Automotive Inductive Wireless Charging System Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Automotive Inductive Wireless Charging System Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Valeo's Ineez Air Charging
- 13.3.2. MAHLE sets the global standard for wireless charging
- 13.3.3. SAE International Announces Alignment Methodology for Wireless Electric Vehicle Charging
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio