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In-Car Wireless Charging Market Insights
According to MRFR analysis, the global In-Car Wireless Charging Market is expected to register a CAGR of ~ 40.8% from 2021 to 2030 and hold a value of over ~USD 13748.0 million by 2030.
A car wireless charger is a system for charging devices that do not need cables, adapters, or any other wired substitute. These car wireless chargers are specifically designed for the automobile industry. The car wireless charger offers to charge battery-powered devices as well as a hybrid –plug-in electric vehicles such as smartphones, tablets, and others. To offer charging to the device car wireless charger work on three technologies that are inductive, conductive, and magnetic resonance charging.
The top impacting factors that impact the growth of the car wireless charger market size include emerging demand for car wireless chargers for consumer electronics devices, and an upsurge in the use of car wireless chargers in smartphones and other electronic gadgets. In the automation sector, the emerging demand for hassle-free charging solutions in the hybrid-plug in vehicles or devices such as electric vehicles and smartphone drive manufacturers to install car wireless chargers for several battery consumption devices. Hence, the need for the car wireless charger in the automation sector initiated the demand for car wireless chargers in the market.
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Key Players
Some of the key market players are-
Report Attribute/Metric | Details |
Market Size in 2030 | USD 13748.0 million. |
Growth rate: | CAGR of 40.8% from 2020 to 2027 |
Forecast Period | 2021-2030 |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
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Regional Analysis
Europe dominated the market and accounted for a revenue share of more than 41%. The obtainability of sound infrastructure permits the integration of wireless charging infrastructure throughout the region.
Asia Pacific is anticipated to emerge as one of the most profitable regions in revenue in the forthcoming years. This upsurge is attributed to the acceptance of high-end technology products by electric vehicle manufacturers and government initiatives to boost charging infrastructures. Furthermore, innovation in driving technologies, growing adoption of EVs, and increasing automobile production is anticipated to surge the product demand in North America.
In-Car Wireless Charging Market Segmentation
The global In-Car Wireless Charging Market has been segmented into vehicle type and application.
Based on power supply, The global In-Car Wireless Charging Market has been segmented into 3–<11 KW, 11–50 KW, and >50 KW. The 3–<11 KW segment held a major Electric Vehicle Wireless Charging market share and is anticipated to be the second-fastest-growing market in the imminent years.
Based on application, The global In-Car Wireless Charging Market has been segmented into commercial charging stations and home charging units. The commercial charging station segment is expected to register the highest CAGR of over 44.4% owing to the rising need to develop electric vehicle charging infrastructure in public places, high demand for commercial wireless electric vehicle charging systems across China, and high propagation of commercial wireless electric vehicle charging systems in Europe.
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Based on vehicle type, The global In-Car Wireless Charging Market has been segmented into commercial vehicles and passenger cars. The passenger cars segment held the maximum share of the global market. The growth of the passenger cars segment can be attributed to the growing sale of passenger cars across the globe which is directly contributing to the market growth.
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