Forecast of Global Automotive Inductive Wireless Charging Systems Market 2023

Global market for Automotive Inductive Wireless Charging Systems is expected to grow at a CAGR of roughly 49.3% over the next five years, will reach 310 million US$ in 2023, from 28 million US$ in 2017, according to a new study. Electric vehicles are gaining importance in modern times because of the rise in global fuel prices and alarming levels of air pollution. There is widespread concern about the negative effects of global warming. In such a scenario the rapid adoption of electric vehicles is seen as the most viable solution.