Automotive Wireless Charger Market Overview:
As per MRFR analysis, the Automotive Wireless Charger Market Size was estimated at 1.19 (USD Billion) in 2022.The Automotive Wireless Charger Market Industry is expected to grow from 1.42(USD Billion) in 2023 to 7.0 (USD Billion) by 2032. The Automotive Wireless Charger Market CAGR (growth rate) is expected to be around 19.38% during the forecast period (2024 - 2032).
Key Automotive Wireless Charger Market Trends Highlighted
Market Drivers:The surge in demand for wireless charging technology, increased smartphone and electronic device adoption, government regulations promoting electric vehicles, and advancements in wireless charging tech fuel the automotive wireless charger market.Opportunities:Automakers seek partnerships and collaborations to integrate wireless charging into new vehicle models, creating opportunities for market expansion. Growing awareness of the convenience and efficiency of wireless charging among consumers also presents significant opportunities.Recent Trends:In recent times, the market has witnessed a shift towards Qi-based wireless charging standards, which offer greater compatibility and faster charging speeds. Additionally, there is increasing emphasis on developing compact and aesthetically pleasing chargers that seamlessly integrate into vehicle interiors.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Automotive Wireless Charger Market Drivers
Growing Demand for Electric Vehicles
One of the most significant growth drivers for the automotive wireless charger market is, rather paradoxically, the increasing popularity of electric vehicles. In other words, as a growing number of consumers switch over to electric vehicles, they will also require an efficient charging solution for their battery-operated cars. In the meantime, wireless chargers offer a range of benefits, such as the absence of wires, which make these devices more convenient and safer to use.When placed inside a vehicle, a wireless charger is easily integrated into the automobile design and does not necessitate any wires sticking out. Moreover, the use of the wireless charger permits individuals to charge multiple devices, which can be exceptionally comfortable for families and individuals with several items requiring electric power. Hence, over the next five years, the demand for automotive wireless chargers is expected to grow.
Technological Advancements
Another factor that leads to the growth of the automotive wireless charger market is advancements in wireless charging technology. While wireless chargers are already in use in many areas, significant advancements are made in the field. In particular, new standards and technologies are being developed to make use of wireless chargers even more convenient. In addition, wireless charging technology is also becoming more efficient, meaning that devices can be charged more quickly and efficiently.The improvements in wireless charging technology in the future are likely to be a significant factor, in driving the market of automotive wireless chargers.
Government Initiatives
Government efforts to facilitate the use of electric vehicles have also been propelling the expansion of the automotive wireless charger market. In various countries, the administrations have been providing subsidies to customers interested in buying electric cars. Moreover, they have also initiated the development of the charging infrastructure necessary for the regular operation of these vehicles. These policies make it more convenient for people to afford to own and use electric cars.Thus, they are also responsible for boosting the growth in the market for wireless chargers designed for such automobiles.
Automotive Wireless Charger Market Segment Insights:
Automotive Wireless Charger Market Power Source Insights
The Global Automotive Wireless Charger Market is divided by Power Source into Battery, Solar and Magnetic Resonance. The Battery segment accounted for the highest market share in 2023 and is anticipated to dominate the market throughout the forecast period. The growth of the segment can be attributed to the increasing trend of battery-powered vehicles and the easy and convenient use that battery-powered wireless chargers provide.
The Solar segment is expected to be the fastest-growing segment during the forecast period because of the widespread adoption of solar-powered vehicles and the growing awareness of environmental sustainability.Solar-powered wireless chargers are cost-effective and offer the cleanest source of energy to charge electric vehicles. In addition, wireless car chargers, which are beaming with sunlight, are attractive to use, which is anticipated to fuel the growth of the segment. The Magnetic Resonance segment accounted for a smaller market share in 2023 but is anticipated to gather the highest growth in the coming years. The magnetic resonance wireless chargers are the most efficient and the best over all other chargers, considering other factors like charging range, distance of charging, and the number of devices that can be charged at a time.Thus, taking all the factors into consideration, the Global Automotive Wireless Charger Market is anticipated to witness substantial growth throughout the forecast years on account of the rising demand for electric vehicles and the increasing adoption of the technology.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Automotive Wireless Charger Market Compatibility Insights
The Global Automotive Wireless Charger Market is segmented by Compatibility into Qi Standard, Proprietary Standards and Universal Compatibility. The Qi Standard segment is projected to hold the largest market share during the forecast period due to its widespread adoption by major smartphone manufacturers such as Apple, Samsung, and Google. The Proprietary Standards segment is expected to account for a significant market share as automakers develop their own wireless charging systems. However, the Universal Compatibility segment is anticipated to gain traction as the industry moves towards standardization.The Global Automotive Wireless Charger Market revenue is expected to reach $2.1 billion by 2023, growing at a CAGR of 20.3% during the forecast period.
Automotive Wireless Charger Market Charging Speed Insights
The Automotive Wireless Charger Market is segmented based on Charging Speed into Slow Charging (5W to 10W), Standard Charging (15W to 20W) and Fast Charging (25W to 50W). Among these segments, the fast-charging segment is anticipated to witness the highest growth rate during the forecast period. The increasing demand for faster charging solutions, coupled with the rising adoption of electric vehicles, is driving the growth of this segment.
In 2023, the Fast Charging segment accounted for a significant share of the Global Automotive Wireless Charger Market revenue, and this trend is expected to continue in the coming years.The growing popularity of smartphones and other mobile devices, which require fast charging capabilities, is further fueling the growth of the fast-charging segment. Moreover, the increasing availability of wireless charging pads and stations that support fast charging is also contributing to the growth of this segment.
Automotive Wireless Charger Market Mounting Type Insights
The Global Automotive Wireless Charger Market is segmented based on mounting type into dashboard mount, console mount, seat back mount, and cup holder mount. Among these, the dashboard mount segment held the largest market share in 2023 and is expected to continue its dominance throughout the forecast period. The growth of this segment can be attributed to the increasing popularity of dashboard-mounted infotainment systems and the convenience of having a wireless charger within easy reach of the driver. The console mount segment is expected to witness significant growth over the forecast period, owing to the rising popularity of center consoles in vehicles.Seat back mount and cup holder mount segments are also expected to grow at a steady pace, driven by the increasing demand for wireless charging solutions in the automotive industry.
Automotive Wireless Charger Market End-User Insights
The Global Automotive Wireless Charger Market is segmented into end-user sectors such as passenger vehicles, commercial vehicles, and electric bikes and scooters. Among these segments, passenger vehicles dominate the market, accounting for over 60% of the Global Automotive Wireless Charger Market revenue in 2023. The growing adoption of wireless charging technology in premium and luxury vehicles is a key factor driving the growth of this segment. Commercial vehicles, including trucks and buses, are also witnessing increasing demand for wireless chargers due to the need for convenient charging solutions for fleet operators.Electric bikes and scooters, which are gaining popularity as eco-friendly transportation options, are expected to drive the growth of the wireless charger market in the coming years.
Automotive Wireless Charger Market Regional Insights
The Global Automotive Wireless Charger Market is segmented into North America, Europe, APAC, South America, and MEA. North America accounted for the largest market share of 35% in 2023, owing to the presence of major automotive manufacturers and early adoption of advanced technologies. Europe is expected to witness significant growth over the forecast period, driven by government regulations promoting electric vehicles and increasing consumer awareness about wireless charging technology. APAC is projected to be the fastest-growing region, with a CAGR of 20.5% during the forecast period, due to the rising demand for wireless chargers in emerging economies like China and India.South America and MEA are expected to experience steady growth, with the increasing penetration of wireless charging technology in these regions.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Automotive Wireless Charger Market Key Players And Competitive Insights:
Major players in the Automotive Wireless Charger Market industry are constantly striving to gain a competitive edge through strategic partnerships, mergers, and acquisitions. Leading Automotive Wireless Charger Market players are focusing on developing innovative products and technologies to cater to the evolving needs of consumers. The Automotive Wireless Charger Market development is driven by factors such as the increasing demand for convenience and safety features in vehicles.
The Automotive Wireless Charger Market Competitive Landscape is characterized by the presence of established players as well as emerging startups.Continental AG is a leading player in the Automotive Wireless Charger Market and is known for its advanced automotive technologies. The company offers a range of wireless charging solutions for vehicles, including integrated systems and aftermarket products. Continental AG has a strong global presence and collaborates with major automakers to provide innovative wireless charging solutions. The company is actively involved in research and development to enhance its product offerings and maintain its position as a leader in the market.
A notable competitor in the Automotive Wireless Charger Market is Qualcomm Technologies, Inc. The company is a leader in wireless technology and offers a range of wireless charging solutions for various industries, including the automotive sector. Qualcomm Technologies, Inc. provides wireless charging chipsets, reference designs, and software platforms to enable wireless charging capabilities in vehicles. The company has established partnerships with automotive manufacturers and Tier 1 suppliers to integrate its wireless charging solutions into new vehicles. Qualcomm Technologies, Inc. is committed to driving innovation in the wireless charging space and expanding its presence in the Automotive Wireless Charger Market.
Key Companies in the Automotive Wireless Charger Market Include:
- TDK
- Rohm Semiconductor
- Qualcomm Technologies
- Powermat Technologies
- Texas Instruments
- Infineon Technologies
- Delphi Technologies
- NXP Semiconductors
- Energizer
- STMicroelectronics
- IDT
- Anjie Wireless
- ZF Friedrichshafen
Automotive Wireless Charger Market Industry Development
The automotive wireless charger market has witnessed significant growth in recent years, driven by the increasing adoption of smartphones and the growing popularity of electric vehicles. Key developments include: Technological advancements: Wireless charging technology has evolved rapidly, with new standards such as Qi2 and AirFuel Resonance enabling faster and more efficient charging. Rising demand for electric vehicles: The electrification of the automotive industry is creating a strong demand for wireless charging solutions, as electric vehicles typically lack traditional charging ports. Government regulations: Governments worldwide are implementing regulations to promote the adoption of electric vehicles and reduce emissions, further driving the demand for wireless charging infrastructure.
Current Affairs Strategic partnerships: Automotive manufacturers are partnering with wireless charging technology providers to develop and integrate wireless charging systems into new vehicle models. Expansion of charging networks: Public and private companies are investing in the deployment of wireless charging stations in various locations, such as parking lots, shopping malls, and airports. Innovation in charging design: Companies are developing innovative wireless charging solutions, such as under-seat and in-dash chargers, to enhance convenience and aesthetics.
Automotive Wireless Charger Market Segmentation Insights
Automotive Wireless Charger Market Power Source Outlook
- Battery
- Solar
- Magnetic Resonance
Automotive Wireless Charger Market Compatibility Outlook
- Qi Standard
- Proprietary Standards
- Universal Compatibility
Automotive Wireless Charger Market Charging Speed Outlook
- Slow Charging (5W to 10W)
- Standard Charging (15W to 20W)
- Fast Charging (25W to 50W)
Automotive Wireless Charger Market Mounting Type Outlook
- Dashboard Mount
- Console Mount
- Seat Back Mount
- Cup Holder Mount
Automotive Wireless Charger Market End-User Outlook
- Passenger Vehicles
- Commercial Vehicles
- Electric Bikes and Scooters
Automotive Wireless Charger Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
1.19(USD Billion) |
| Market Size 2023 |
1.42(USD Billion) |
| Market Size 2032 |
7.0(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
19.38% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
TDK, Rohm Semiconductor, Qualcomm Technologies, Powermat Technologies, Texas Instruments, Infineon Technologies, Delphi Technologies, NXP Semiconductors, Energizer, STMicroelectronics, IDT, Anjie Wireless, ZF Friedrichshafen |
| Segments Covered |
Power Source, Compatibility, Charging Speed, Mounting Type, End-User, Regional |
| Key Market Opportunities |
1.      Growing electric vehicle adoption 2.      rising demand for convenience 3.      technological advancements 4.      government regulations and 5.      emerging wireless charging technologies |
| Key Market Dynamics |
1.      Rapid technological advancements 2.      Growing adoption of electric vehicles 3.      Integration of wireless charging with advanced features 4.      Government regulations promoting electric vehicles 5.      Increasing demand for enhanced convenience |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Automotive Wireless Charger Market was expected to reach a valuation of 1.42 billion USD in 2023
The Automotive Wireless Charger Market is projected to grow at a CAGR of 19.38% from 2024 to 2032.
North America is expected to hold the largest market share in the Automotive Wireless Charger Market in 2023.
Automotive Wireless Chargers are primarily used for charging smartphones and other portable devices in vehicles.
Some of the key competitors in the Automotive Wireless Charger Market include Qualcomm, Samsung and Bosch.
The Automotive Wireless Charger Market is expected to reach a valuation of 7.0 billion USD by 2032.
The growth of the Automotive Wireless Charger Market is being driven by the increasing adoption of smartphones and other portable devices, as well as the growing popularity of electric vehicles
The Automotive Wireless Charger Market is facing challenges such as the high cost of wireless charging technology and the lack of standardization.
The Automotive Wireless Charger Market has opportunities for growth in the development of new wireless charging technologies and the expansion of the electric vehicle market.
Key trends in the Automotive Wireless Charger Market include the integration of wireless charging into vehicle dashboards and the development of wireless charging systems for electric vehicles.
