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.

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.

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.

Research Methodology

The market study of the Germany wireless charger market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, various services offered by the players, and market opportunity. The report will serve as a source for 360-degree analysis of the market delivering insights for making better business decisions.

Market Segmentation

1. Germany Wireless Charger Market Research and Analysis by Technology
2. Germany Wireless Charger Market Research and Analysis by Mobility
3. Germany Wireless Charger Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of the Germany wireless charger market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Germany wireless charger market.
• Insights about market determinants which are stimulating the Germany wireless charger market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.