Dynamic Wireless EV Charging System Market was valued at USD 0.75 Billion in 2022 and is projected to reach USD 5.3 Billion by 2030, growing at a CAGR of 34.4% from 2024 to 2030.
Looking forward to the demand from 2023 to 2033, the Automotive Telematics System Market is projected to continue its upward trajectory, with advancements in 5G connectivity, AI-powered applications, and increased adoption of electric vehicles playing crucial roles. The market is expected to grow at a compound annual growth rate (CAGR) of 22% during this period. The key drivers of this surge in demand will be the growing trend of connected cars, with a focus on safety features like automatic emergency braking, driver monitoring systems, and predictive vehicle maintenance. Moreover, the evolution of autonomous vehicles and smart transportation systems will significantly expand the scope of telematics applications, pushing the market towards newer frontiers.
Telematics systems in vehicles are anticipated to become more sophisticated, incorporating real-time data analytics, remote management, and better integration with mobile apps and cloud platforms. This is expected to not only enhance the driving experience but also offer additional services like remote vehicle control, over-the-air software updates, and data-driven insurance solutions. Furthermore, telematics will play a central role in improving vehicle performance and fuel efficiency by offering real-time diagnostics and performance analytics. With governments and regulatory bodies worldwide pushing for greener and safer mobility solutions, automotive manufacturers are increasingly focusing on implementing cutting-edge telematics technology to meet evolving consumer needs.
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The Automotive Telematics System Market has undergone significant transformations from 2018 to 2022, driven by the rapid evolution of vehicle connectivity, autonomous driving, and the increased focus on vehicle safety. From a global market valuation of $47.6 billion in 2020, the automotive telematics industry witnessed exponential growth during this period, largely due to the rise in demand for connected vehicle services and the expanding integration of IoT technologies. The demand for in-vehicle infotainment systems, real-time navigation, remote diagnostics, and driver assistance systems accelerated the market’s expansion. By the end of 2022, the market was poised to reach an estimated $77 billion, with North America leading the way due to high adoption rates and stringent regulatory frameworks encouraging telematics solutions.
Robert Bosch GmbH (Germany)
Continental AG (Germany)
Toyota Motor Corporation (Japan)
Toshiba Corporation (Japan)
WiTricity Corporation (U.S.)
Nissan (Japan)
General Motors (U.S.)
Daimler AG (Germany)
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Dynamic Wireless EV Charging System Market
Home Charging Unit
Public Charging Station
Based on Types the Market is categorized into Below types that held the largest Dynamic Wireless EV Charging System market share In 2023.
Base Charging Pad (Transmitter)
Power Control Unit
Vehicle Charging Pad (Receiver)
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Dynamic Wireless EV Charging System Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Dynamic Wireless EV Charging System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Dynamic Wireless EV Charging System Market, By Type
6. Global Dynamic Wireless EV Charging System Market, By Application
7. Global Dynamic Wireless EV Charging System Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Dynamic Wireless EV Charging System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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