Wireless charging technology for EVs, though has a limited commercially viability as of now, has become the major platform for extensive research and developments. This piece of game changing technology has found its way into the world of racing as well, where Qualcomm has fitted its brand of inductive chargers to Formula E course cars. In order to push the technology into the broader market and make it more viable, Qualcomm has entered into partnership with Swiss Company Brusa. This partnership will allow Brusa to develop, manufacture, and supply its in house brand of Halo charging plates to different companies. Bosch has also designed a wireless charging unit for the upcoming models of Chevrolet Volt and Nissan Leaf. Audi is in the process of developing a wireless charging unit that will be available to the public as an option in its Q7 E tron. This technology will start in premium cars like many of the technologies before it and then trickle down to the masses. But currently this market in North America is in its initial stages and will experience explosive rates of growth at a CAGR of 65.3% till 2020.
Electric cars are gaining popularity at a pace faster than expected in North America as the environment consciousness has increased a lot in recent years. A large group of North American population are becoming concerned with their ever expanding Carbon Footprint. Electric Cars were historically perceived as boring in the American Market and their audiences were limited. However, with the introduction of cars such as Tesla Model S and Chevrolet Volt, electric cars have become mainstream in the North American automotive market. One of the major issues of people with Electric vehicles is the time taken and inconvenience caused to charge the vehicles by wired systems. The introduction of Wireless Charging Systems will cause a boom in the Electric Vehicles segment, making the Wireless Charging Market for EVs one of the fastest growing industries in the region.
North America is the biggest polluter per capita in the world. This raised the alarms across the regional governments, dragging their attention towards propagating alternatives vehicles such as EVs and funding for their corresponding charging systems. The United States Government, a number of start-ups and major manufacturers like GM are now aggressively funding and backing research for electric vehicles and further, the wireless charging systems for them in the US.
Electric Cars form a very important part of the future of the Automobile Industry, and Wireless charging is the driver, which will catapult Electric Cars to the mainstream in the future. In a nut shell, the wireless charging market for EVs has a bright prospect in the North American region and is expected to grow exponentially over the coming 5 years.
What the report offers
1. Market analysis for the North America Wireless Charging Market for Electric Vehicles, with region specific assessments and competition analysis on global and regional scales
2. Market definition along with the identification of key drivers and restraints
3. Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
4. Extensively researched competitive landscape section with profiles of major companies along with their market shares
5. Identification and analysis of the macro and micro factors that affect the North America Wireless Charging Market for Electric Vehicles on both global and regional scales
6. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
7. A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
8. Insights on the major countries in which this industry is blooming and to also identify the regions that are still untapped