The market for vehicle wireless chargers is expected to reach a size of US$ 9.5 billion by the end of 2032, growing at an astounding CAGR of 21.9% from its current market value of US$ 1.3 billion in 2022. In 2021, luxury passenger vehicles held a 46.6% market share worldwide.
Nearly 5% of the worldwide wireless charger market’s revenue came from the sales of vehicle wireless chargers in 2021.
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All end-use industries have seen tremendous expansion in wireless technology. Due to the tremendous potential for revenue generation presented by the automotive industry, manufacturers of wireless chargers have shifted their attention there.
Due to the always expanding automobile industry, manufacturing businesses will continue to see an increase in sales of automotive wireless chargers. Due to disruptive products from new entrants and small- to medium-sized firms, major players are integrating in-car wireless chargers that will increase the efficacy of vehicles.
With the incorporation of automobile wireless chargers, the promise of increased productivity, transparency, and efficiency has the potential to be realised.
Key Players Covered:
HARMAN
2E
Aircharge
Belkin
Continental
etatronix
hoco Tech
Huawei
Infineon
LG
MPS
NXP
Powermat
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Why is the China Automotive Wireless Charger Market So Lucrative?
In 2032, China’s market is projected to be worth US$ 2.2 billion. China produced over 32% of all vehicles produced worldwide, and it also has the largest automotive market in the world. In 2021, almost 19.7 million passenger automobiles were registered, which fueled the nation’s economic expansion.
Local manufacturers control a substantial portion of the market in China. Most foreign brands were permitted to create new vehicles in China by forming partnerships with domestic automakers. China has also implemented a number of initiatives, including tax exemptions, car purchase incentives, and many others.
These factors will likely cause the Chinese car wireless charger market to expand and maintain its dominance in the worldwide market.
Segmentation of Automotive Wireless Charger Industry Research
By Power :
5 W Chargers
10W Chargers
15W Chargers
By Charger Type :
Built-in Chargers
Portable Chargers
Windshield Mounts
Vent Mounts
Dash Mounts
By Technology :
Inductive Chargers
Resonant Chargers
Radio Frequency Chargers
By Vehicle Category :
Passenger Vehicles
Mid-Size
Compact
Luxury
SUVs
Commercial Vehicles
By Sales Channel :
OEMs
Aftermarket
By Region :
North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA
Some of the important questions covered in this study are as follows:
What are the prominent growth factors that will harness growth for the Automotive Wireless Charger Market during the forecast period?
Which end-use industry will garner considerable growth for the Automotive Wireless Charger Market?
Which region will emerge as a champion growth contributor during the assessment period?
What are the obstacles surrounding the Automotive Wireless Charger Market?
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