The Automotive Wireless Charger Market To See Stupendous CAGR Of 21.9% 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.

Key Players

• HARMAN
• 2E
• Aircharge
• Belkin
• Continental
• etatronix
• hoco Tech
• Huawei
• Infineon
• LG
• MPS
• NXP

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Currently valued at US$ 374 million, the market for vehicle wireless chargers in the US is anticipated to grow at a CAGR of 17.4% over the course of the forecast year. Due to significant expenditures made in the automobile sector, the United States controls the majority of the market.

The United States’ road networks totalled around 6.6 million kilometres in 2020. With the increasing use of consumer electronics, the vehicle aftermarket is expanding significantly. By 2032, the market will have grown significantly in the automotive industry and experienced substantial technological improvements, with a US$ 2.1 billion valuation.

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

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