Germany wireless charger market is estimated to grow considerably at a CAGR of 33.7% during the forecast period. Germany is the second-most populous country in Europe. The country is estimated to be one of the leading countries in the European wireless charger market. The dominance of Germany in the market is mainly attributed to the growing penetration towards smart consumer electronics such as smartphones and wearable devices. According to Germany Trade & Invest (GTAI), Germany’s electronics and electrical companies manufacture over 100,000 different electronic products and systems; ranging from automation systems, electronic medical equipment, automotive electronics, and microelectronic components.
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The German economy has a major market of automotive with approximately 15-20% of the total economy. The consumption of the vehicle is only 4%, however, the country is known for its quality products and brands. However, the automotive industry has a considerable growth in Germany, owing to the contribution of automotive market players that are based in the region. In 2017, the vehicle production in the region was substantially higher as compared to units sold, the total new vehicle registered was 3.8 million, whereas, about 5.6 million units were manufactured in the country. The major automotive manufacturer which are headquartered in Germany includes Audi, BMW, MAN, Daimler AG, Opel, Porsche, and Volkswagen. Along with original equipment, the country has a well-renowned supplier base that supplies its products across the globe.
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The companies which are contributing to the growth of Germany wireless charger market include Blue Inductive GmbH, BMW AG, Samsung Electronics Co., Ltd., Tesla Inc., and Huawei Technologies Co., Ltd. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market. For instance, in August 2019, BMW AG announced the extension of its BMW’s global Induction Charging Pilot Program to the US. The pilot program includes 200 interested, qualifying residential home customers in the state of California, who are able to charge inside an enclosed garage space.
Market Segmentation
Germany Wireless Charger Market by Technology
- Inductive Coupling
- Magnetic Resonance
- Radio Frequency Radiation
Germany Wireless Charger Market by Mobility
- Static Wireless Charger
- Mobile Wireless Charger
Germany Wireless Charger Market by Application
- Portable Electronic Devices
- Automobile
- Healthcare
- Others (Consumer Products)
Company Profiles
- Blue Inductive GmbH (Wiferion GmbH)
- BMW AG
- Huawei Technologies Co., Ltd.
- INBAY Systems
- Intenso International GmbH
- Oral B
- Panasonic Corp.
- Samsung Electronics Co., Ltd.
- Tesla Inc.
- Wentronic GmbH
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