Wireless EV Charging Market: Projection of Each Major Segment over the Forecast Period 2025

Wireless charging is also known as conductive charging or cordless charging. Wireless charging is done by using an electromagnetic field to transfer energy between two objects or points through electromagnetic induction. It is highly imperative to have a charging station to execute the wireless EV charging. Considerable research has been done in the electric vehicle (EV) wireless technology for the last decade, as electric vehicles are expected to be an essential part of the future of the automotive industry.

The amount of money spending trends on electric vehicles (EVs) can be interpreted by the fact that even sports car manufacturers, such as McLaren, Ferrari, and Porsche, have started combining electric engines along with their supercharged petrol engines, to make their cars environmental-friendly. Companies, such as Qualcomm, are leading the change to develop feasible wireless charging technologies. Several car OEMs, such as Volkswagen, Renault, Ford, Nissan, Toyota, BMW, Audi, Daimler, and Maserati are spending significantly on R&D activities of this technology.

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The latest trend to gain momentum in the market is a novel wireless dynamic electric vehicle charging (DEVC) system at super speeds demonstrated by Qualcomm. This new system has potential to charge an electric vehicle dynamically up to 20 KW at the speed of 100 km/h.

Honda, a major player in the field of wireless charging, is undertaking R&D activities to develop a new dynamic charging technology. The company is evolving a new system that can allow dynamic charging at a power of 180kW (300A, 600DC) when the electric vehicle is travelling at a speed of 160km/h.

Key factors driving the wireless electric vehicle charging market are the increase in demand for electric vehicle, rise in oil prices, global warming, increasing infrastructure for fast or dash chargers, and rising consumer demand for convenience features. The U.S Energy Department announced up to US$ 4 Mn to develop wireless chargers for electric vehicles. This funding is estimated to accelerate the development of wireless charging technology, during the forecast peiod, to provide automated charging of parked vehicles, which can ensure easy and efficient vehicle charging. The partnership between the Germany-based automotive giant Daimler AG and Qualcomm to test wireless charging technologies for both, in-car charging applications and wireless charging of electric vehicles is a major leap in the automotive wireless EV charging market.

Major drawbacks for this market include in comparison with the gasoline vehicle, the electric vehicle has six times lower cost for one mile drive, whereas its driving range is only one third of the gasoline vehicle per full charge. Another key factor restraining the wireless EV charging market is the high price of upgrade to wireless charging technology.

The wireless EV charging market is estimated to expand at a CAGR of 49.38% from 2020 to 2025. In terms of revenue, the market is anticipated to reach significant growth by 2025. Europe, along with North America, is a prominent market for electric vehicles and is estimated to expand during forecast period. Asia Pacific is anticipated to dominate the wireless EV charging market, in terms of volume as well as value. Demand for wireless charging system is directly linked to the electric vehicle production and consumer demand in APAC and Middle East and Africa. Furthermore, government policies and subsidies favoring electric vehicles and electric vehicle charging stations (EVCS) are driving the market in Middle East and Latin America.

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Key wireless charging manufacturers and service providers operating in the global wireless EV charging market include Robert Bosch GmbH (Germany), Continental AG (Germany), Toyota Motor Corporation (Japan), Toshiba Corporation (Japan), and WiTricity Corporation (U.S.), Qualcomm, Inc. (U.S.), and Evatran Group (U.S.).

Aerospace Window Frame Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast

Aerospace window frames are used in the cockpit windshields and passenger cabin windows to provide rigidity to the windows. Metal window frame is used widely in aircrafts. Increase demand of cockpit windshield frame in different countries such as India, Brazil and China among others is the one of the major factor boosting the market for aerospace window frame during the forecast period of 2017 – 2025. Based on aircraft type, the global aerospace window frame market is segmented into wide body aircraft, narrow body aircraft, very large aircraft, general aviation and regional aircraft. Among various aircraft types, in 2016, the wide body aircraft segment is estimated to be the major market followed by very large aircraft and expected to be the same during the forecast period of 2017 – 2025. Increasing regional and commercial aircraft deliveries is expected to be one of the major factor fueling the regional aircraft segment in global aerospace window frame market during the fo...

Low Power Display Market: Projection of Each Major Segment over the Forecast Period 2017 - 2025

Low power display technology is treated separately from our modern world. High resolution displays with low power are considered by many consumers to represent the low power display technology. The development in optoelectronics and nanotechnology has changed the low power display market . The low power display market consumes of less power than plasma technologies and cathode ray tube (CRT). Low-power features have become essential for liquid crystal displays (LCDs) due to environmental concerns. The technology that saves energy by decreasing the power consumption of the backlight unit in a display panel is considered in in low power display technology. A low refresh-rate technology was introduced in order to further minimize power consumption in the display panel. The low refresh-rate was achieved by employing oxide thin-film transistors (Ox-TFTs) with extremely low leakage currents. However, flicker may be visible due to the current leakage through the liqu...

Light Weapons Market: Key Players and Production Information analysis with Forecast 2025

Light weapons are weapons which are used by two or three persons serving as a crew, although some of them may be carried and used by a single person. Light weapons are basically used by militaries around the world and its applications have increased widely among armed groups. They include, inter alia, heavy machine guns, hand-held under-barrel and mounted grenade launchers, portable anti-aircraft guns, portable anti-tank guns, recoilless rifles, portable launchers of anti-tank missile and rocket systems, portable launchers of anti-aircraft missile systems as well as mortars of a caliber of less than 100 millimeters. The latest generation of light weapons is more destructive, more portable, and generally more competent than older systems, raising concerns about their uncontrolled generation. Light weapons are represented by their durability, cost effectiveness, accessibility and utility. In terms of military and non-military demand, such criteria perfectly match the needs of those who...

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