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Automotive Wireless Power Transmission Systems Market Sees Growth as EV Infrastructure Expands Till 3032 | WiTricity, Momentum Dynamics, Plugless (Evatran)

04-12-2024 12:13 PM CET | Energy & Environment

Press release from: INFINITY BUSINESS INSIGHTS

Automotive Wireless Power Transmission Systems Market Sees

"Global Automotive Wireless Power Transmission Systems Market size was valued at USD 8.47 Billion in 2023 and is projected to reach USD 33.62 Billion by 2030, growing at a CAGR of 21.1% during the forecast period 2024-2030."

Infinity Business Insights is providing qualitative and informative knowledge by adding the title Automotive Wireless Power Transmission Systems Market to recognize, describe and forecast the global market. The report provides systematic consideration analysis along with forecasts for market players. The report aims to facilitate understanding of the global Automotive Wireless Power Transmission Systems market forecast through statistical and numerical data in the form of tables, graphs, and charts. The study provides a calculated assessment of new recent developments, import-export analysis, production analysis, market share, market players, opportunities, strategic market growth, and market size. The report provides detailed information about key market competitors and emerging companies with significant market share based on high quality demand, revenue, sales and product manufacturers.

Furthermore, The report provides a detailed understanding of the market segments which have been formed by combining different prospects such as types, applications, and regions. Apart from this, the key driving factors, restraints, potential growth opportunities, and market challenges are also discussed in the report.

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📚 Business Growth Overview of Automotive Wireless Power Transmission Systems Market: The automotive wireless power transmission systems market is experiencing robust growth driven by the increasing demand for electric and autonomous vehicles with wireless charging capabilities. Wireless power transmission systems enable efficient and convenient charging of electric vehicle batteries without the need for physical cables or connectors. With the growing adoption of electric vehicles and the development of wireless charging infrastructure, there is a rising need for advanced wireless power transmission systems that offer high efficiency, reliability, and safety. Moreover, advancements in wireless charging technologies, such as resonant inductive coupling and magnetic resonance, are driving market growth. Key players in the market are focusing on research and development initiatives to develop next-generation wireless power transmission systems and capitalize on emerging market opportunities.

The report covers extensive competitive intelligence which includes the following data points:

✔ Business Overview
✔ Business Model
✔ Financial Data
✔ Financial - Existing
✔ Financial - Funding
✔ Product/Service Segment Analysis and specification
✔ Recent Development and Company Strategy Analysis
✔ SWOT Analysis

📚 Competitive Analysis of Automotive Wireless Power Transmission Systems Market:
1. Established automotive suppliers like Qualcomm and WiTricity dominate the market with patented wireless charging technologies.
2. Increasing competition from startups and electronics firms offering alternative wireless power transmission solutions.
3. Collaboration between automotive OEMs and wireless power technology providers for integrated vehicle charging solutions.
4. Growing demand for convenient and efficient wireless charging systems driving innovation and competition.
5. Technological advancements in resonant coupling and magnetic resonance technologies shaping competitive strategies.
6. Standardization efforts and regulatory compliance influencing competitive positioning in the automotive wireless power transmission systems market.

The significant players operating in the Global Automotive Wireless Power Transmission Systems Market Include:

WiTricity
Momentum Dynamics
Plugless (Evatran)
IPT Technology
WAVE (Ideanomics)
Continental AG
ZTE
Toshiba
Mojo Mobility
Electreon
HEVO
INTIS GmbH (IABG mbH)
Lumen Freedom
Xiamen Newyea Science and Technology
Teltel new energy (TGood ).

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Global Automotive Wireless Power Transmission Systems Market Split by Product Type and Applications

This report segments the Automotive Wireless Power Transmission Systems Market on the basis of Types:
Electromagnetic Induction
Magnetic Resonance
Magneto-Dynamic Coupling

On the basis of Application, the Automotive Wireless Power Transmission Systems Market is segmented into:
Passenger Vehicles
Commercial Vehicles

📚 Industry Outlook of Automotive Wireless Power Transmission Systems Market: The automotive wireless power transmission systems market is witnessing robust growth driven by the increasing demand for electric vehicles (EVs), autonomous driving technologies, and the integration of wireless charging solutions in vehicle infrastructure. Key trends include the development of high-power wireless charging systems, resonant inductive coupling technologies, and dynamic charging capabilities to enable convenient and efficient EV charging experiences. Additionally, advancements in vehicle-to-grid (V2G) communication, smart grid integration, and bidirectional power flow are expected to drive innovation in automotive wireless power transmission systems. Moreover, strategic collaborations between automotive OEMs, charging infrastructure providers, and technology companies are anticipated to fuel market expansion. However, standardization issues and infrastructure limitations may pose challenges for market stakeholders.

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📚 Recent Strategic Development of Automotive Wireless Power Transmission Systems Market: In the automotive wireless power transmission systems market, recent strategic developments focus on improving charging efficiency, increasing charging range, and enhancing user experience through innovative wireless charging technologies. Key players are investing in resonant inductive coupling, magnetic resonance, and radio frequency (RF) wireless charging systems to enable seamless integration into electric vehicles (EVs) and hybrid electric vehicles (HEVs). Strategic collaborations between automotive OEMs, wireless charging infrastructure providers, and technology firms are driving innovation and standardization of wireless charging standards. Moreover, initiatives to expand public charging infrastructure and government incentives for electric vehicle adoption are spurring demand for wireless power transmission systems. With the shift towards electrification in the automotive industry and the growing demand for convenient charging solutions, the automotive wireless power transmission systems market is poised for significant growth with advancements in wireless charging technologies and strategic collaborations.

Regional Coverage of the Automotive Wireless Power Transmission Systems Market:

• North America (United States, Canada, and Mexico).
• Europe (UK, Germany, France, Russia, and Italy).
• Asia-Pacific (China, Korea, Japan, India, and Southeast Asia).
• South America (Brazil, Colombia, Argentina, etc.).
• The Middle East and Africa (Saudi Arabia, UAE, Nigeria, Egypt, and South Africa)

Key Features of the Automotive Wireless Power Transmission Systems Market Report:-

➤ Analyze competitive developments such as expansions, deployments, new product launches, and market acquisitions.
➤ Examine the market opportunities for stakeholders by identifying higher growth sections.
➤ To study and analyze the global Automotive Wireless Power Transmission Systems industry status and forecast including key regions.
➤ An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.
➤ It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.
➤ It helps you make strategic business decisions and investment plans.

Get Access to The Full Market Report:
https://www.infinitybusinessinsights.com/reports/global-automotive-wireless-power-transmission-systems-market-growth-2024-by-company-regions-type-application-and-forecast-to-2032-1914397?mode=SSR

Highlights Reasons To Buy The Automotive Wireless Power Transmission Systems Market Report:-

👉 Regional report analysis highlighting the consumption of products/services in a region also shows the factors that influence the market in each region.

👉 Reports provide opportunities and threats faced by suppliers in the Automotive Wireless Power Transmission Systems industry around the world.

👉 The report shows regions and sectors with the fastest growth potential.

👉 A competitive environment that includes market rankings of major companies, along with new product launches, partnerships, business expansions, and acquisitions.

👉 The report provides an extensive corporate profile consisting of company overviews, company insights, product benchmarks, and SWOT analysis for key market participants.

👉 This report provides the industry's current and future market outlook on the recent development, growth opportunities, drivers, challenges, and two regional constraints emerging in advanced regions.

Thanks for reading this article; You can also get individual sections by chapter or report versions of Automotive Wireless Power Transmission Systems market by region such as North America, Europe or Asia. If you have any special requirements, please let us know and we will offer the report based on your requirements.

Contact Us:
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International - +1 518 300 3575
Email: inquiry@infinitybusinessinsights.com
Website: https://www.infinitybusinessinsights.com

About Us:
Infinity Business Insights is a market research company that offers market and business research intelligence all around the world. We are specialized in offering the services in various industry verticals to recognize their highest-value chance, address their most analytical challenges, and alter their work.

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