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Automotive Wireless Charger Market

Automotive Wireless Charger Market was valued USD 1.43 Billion in 2022 and projected to reach USD 2.83 Billion by 2030, growing at a CAGR of 10.2% during the forecast period of 2023-2030 - published by MarketDigits
Published 14 November 2024

According to a research report "Automotive Wireless Charger Market by Power (5 W Charger, 10 W Charger, 15 W Charger), Charger Type (Built-in Chargers, Qi Charger, Portable Chargers {Windshield Mounts, Vent Mounts, Dash Mounts}), Technology (Inductive Chargers, Resonant Chargers, Radio Frequency Chargers), Vehicle Category (Passenger Vehicles {Mid-Size, Compact, Luxury, SUVS} Commercial Vehicles), Sales Channel (OEM’s, Aftermarket) & Region

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  • 171 - Market Data Tables 
  • 81 - List of Figures
  • 188 - Pages

Market Overview: The automotive wireless charger market is a rapidly growing market, driven by the increasing adoption of electric vehicles (EVs) and the rising demand for comfort and convenience. Wireless charging offers a number of advantages over traditional plug-in charging, including convenience, safety, and efficiency. As EV adoption continues to grow, the demand for wireless charging systems is expected to increase significantly. Wireless charging systems can be integrated into the road surface or into parking spaces, allowing EVs to charge automatically as they drive or park. This can help to reduce range anxiety and make EV ownership more convenient.

In addition to EVs, wireless charging systems are also being developed for other types of vehicles, such as hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), and even conventional gasoline-powered vehicles. Wireless charging systems can also be used to charge a variety of other devices, such as smartphones, tablets, and laptops The key drivers of the automotive wireless charger market include the increasing adoption of electric vehicles (EVs), the rising demand for comfort and convenience, government support for wireless charging technology, technological advancements, and the growing demand for semi-autonomous and autonomous vehicles.

The key trends in the automotive wireless charger market include the increasing adoption of wireless charging systems in luxury vehicles, the development of new and improved wireless charging systems, and the integration of wireless charging systems with smart grid technologies.

Market Dynamics

Drivers:

  • Rising demand for comfort and convenience
  • Government support for wireless charging technology
  • Increasing demand for luxury vehicles

Opportunities:

  • Increasing Technological Advancement
  • Growing demand for semi-autonomous and autonomous vehicles

The Automotive Wireless Charger Market is dominated by North America.

Asia Pacific are dominating the Automotive wireless charging system. The Asia Pacific region is home to the world's largest EV market, with China accounting for over half of global EV sales in 2022. The increasing adoption of EVs is driving demand for wireless charging systems, as they offer a convenient and efficient way to charge EVs. Governments in the Asia Pacific region are supportive of the development and adoption of wireless charging technology. Asia Pacific companies are at the forefront of wireless charging technology development. For example, Chinese companies such as Witricity and Shenzhen Wireless Technology Co., Ltd. are leading players in the global Automotive wireless charging market.

North America is a growing region for the automotive wireless charger market, driven by the increasing adoption of electric vehicles (EVs) and the rising demand for comfort and convenience. In addition, the North American government is supportive of the development and adoption of wireless charging technology. In 2023, the US Department of Energy (DOE) announced a $10 million funding opportunity for projects that develop and demonstrate wireless charging technologies for electric vehicles. In 2022, the Wireless Power Consortium (WPC), a global industry association that promotes wireless charging technology, announced that it is opening a new office in Detroit, Michigan. This move is seen as a sign of the growing importance of the North American market for wireless charging.

Key Players covered in the market report:

  • HARMAN
  • 2E
  • Aircharge
  • Belkin
  • Continental
  • etatronix
  • hoco Tech
  • Huawei
  • Infineon
  • LG
  • MPS
  • NXP
  • Powermat
  • ROHM
  • Delphi Technologies
  • Denso
  • TDK
  • Qualcomm
  • STMicroelectronics
  • Texas Instruments
  • Würth Elektronik eiSos

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Segmentations Analysis of Automotive Wireless Charger Market: -

  • By Power
  • By Charger Type
  • By Technology
  • By Vehicle Category
  • By Region

Recent Development: In April 2023, the Wireless Power Consortium (WPC) announced that it has released a new Qi 2.0 specification. This new specification offers a number of improvements over the previous Qi 1.3 specification, including faster charging speeds, support for multiple devices, and better foreign object detection.

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