The Europe Contactless Connector Market would witness market growth of 17.0% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 8.64 Quintal, showcasing a growth of 2.8% (2019-2022).
The Germany market dominated the Europe Contactless Connector Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $34,887.7 Thousands by 2030. The UK market is exhibiting a CAGR of 15.9% during (2023 - 2030). Additionally, The France market would experience a CAGR of 18% during (2023 - 2030).
These connectors enable wireless charging for smartphones, smartwatches, earbuds, and other electronic devices. This eliminates the need for physical connectors and cables, offering users greater convenience and flexibility. These connectors facilitate wireless data transfer between devices, allowing users to sync data without the constraints of wired connections. This is especially prevalent when quick and efficient data exchange is crucial.
The automotive sector utilizes these connectors for wireless charging solutions for electric vehicles. This technology eliminates the need for physical charging cables, providing a more convenient and efficient method for EV owners. These connectors contribute to wireless communication between vehicles and various external elements, such as infrastructure and pedestrians. This enhances safety and efficiency in transportation systems.
The increasing adoption of electric vehicles (EVs) in the UK is a primary driver for the growth of these connectors. The growth of electric vehicle charging infrastructure across the UK, including public charging stations and private charging points, fuels the demand for these connectors. The UK automotive industry is placing a strong emphasis on sustainable transportation solutions to reduce carbon emissions. According to the UK Government, with its highly linked supply chains and substantial demand for UK-built cars throughout the region, the European region has benefited the U.K. automotive sector with its varied products, encompassing volume, premium, and niche vehicles. Thus, all these factors will uplift the regional market’s expansion in the coming years.
Free Valuable Insights: The Global Contactless Connector Market will Hit USD 579.1 Million by 2030, at a CAGR of 17.5%
Based on Product Type, the market is segmented into Wireless Charging Connectors and Wireless Data Transfer Connectors. Based on Technology, the market is segmented into Radio Frequency, Inductive Coupling, and Magnetic Field. Based on Vertical, the market is segmented into Consumer Electronics, Automotive, Healthcare, and Industria. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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