Automotive Technology Updates: Semiconductor, Subaru, Altair, Oasys, Helios, Hyundai, Kia in Focus
The automotive industry is witnessing a significant surge in the adoption of wireless charging technology, with the in-car automotive wireless charger market projected to grow from $1.9 billion in 2024 to an impressive $13.6 billion by 2034-end. This growth is driven by the acceleration of electric vehicle (EV) adoption and advancements in wireless charging technologies.
At the heart of this revolution is Helios Technologies, a global leader in motion control and electronic controls technology. Helios sells its products to customers in over 90 countries around the world, contributing significantly to this growing market.
Recently, Helios Technologies unveiled the cartridge valve model FPJP, an industry-leading cartridge valve that provides precise proportional control at high flow rates. This innovation, along with the Metal-Coated Heated Glass system, which quickly removes frost or moisture from a vehicle windshield, consuming around 10 percent less energy compared to conventional air-conditioning systems, further underscores Helios' commitment to energy conservation and user convenience.
The technology adoption of wireless in-car chargers is another key factor fueling market growth. These chargers use inductive power transfer to deliver contactless energy, improving user convenience by eliminating manual plug-in and cable wear. The technology aligns with SAE J2954 standards, increasing industry adoption.
Growing integration with smart parking infrastructure, energy management platforms, and smart home compatibility is also reinforcing wireless charging relevance and convenience for vehicle owners. Urban planning increasingly incorporates wireless charging pads at public transport hubs, parking lots, and dynamic wireless charging lanes that can charge vehicles while driving, enhancing accessibility and reducing downtime for EV users.
The Asia-Pacific region leads the market with over 45% of global revenue, propelled by strong consumer uptake and innovation in countries like China, Japan, and South Korea. North America is also projected to grow robustly with a CAGR around 22%.
The global electric vehicle charging station market is much larger, valued at over USD 44 billion in 2024. However, wireless charging is positioned as a key enabler of convenient and infrastructure-ready EV charging, especially for in-car and integrated vehicle designs.
In summary, the in-car automotive wireless charger market is in a rapid growth phase, supported by strong technological innovations, infrastructure expansion, and alignment with evolving EV consumer expectations globally, with particularly strong momentum in Asia-Pacific and North America.
Meanwhile, other key players in the automotive industry are also making strides. Indie Semiconductor has announced iND87204, its next-generation, highly-integrated automotive wireless charging system-on-chip (SoC). Furukawa Electric, a leading contributor to the global field of information and communications, has established a presence in the automotive-parts operations, contributing to the realization of safe, secure, and comfortable automobiles.
Sun Hydraulics, a global operating company with a focus on manufacturing capabilities and technological advancements, will showcase its FPJP valve and other products at the iVT Expo in Chicago, IL from August 21-22, 2024. Additionally, Furukawa Electric has joined the Automotive Edge Computing Consortium (AECC) as a member, further solidifying its presence in the automotive industry.
Lastly, Altair and Oasys have announced a joint development agreement to deliver an integrated solution for safety simulation modeling in the automotive market. This collaboration aims to enhance safety standards in the automotive industry, ensuring a brighter and safer future for all.
[1] MarketsandMarkets [2] Furukawa Electric [3] Furukawa Electric [4] MarketsandMarkets [5] MarketsandMarkets
Read also:
- Foreign financial aid for German citizens residing abroad persists
- "Germany appears less environmentally friendly compared to Texas, according to Harald Lesch's climate documentary"
- Investing 1 billion funds into the police force of North Rhine-Westphalia for battling rodents and mold issues
- Tesla resurrects transferred Full Self-Driving feature amid other promotional offers
