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Worldwide Demand For Automotive Wireless Chargers Is Anticipated To Reach US$ 9.5 Billion By 2032

 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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About Fact. MR

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range – from automotive & industry 4.0 to healthcare, technology, chemical, and materials, to even the most niche categories.

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