Automotive Wireless Charger Market

Automotive Wireless Charger Market Outlook (2024 to 2034)

The global automotive wireless charger market has been evaluated at US$ 1.87 billion in 2024. Worldwide sales of automotive wireless chargers are forecasted to increase at a CAGR of 21.9% and reach US$ 13.61 billion by 2034-end.

• Short Term (2024 Q2 to 2027): Utilization and integration of consumer electronics in the automobile industry will positively influence automotive wireless charger market growth.
• Medium Term (2027 to 2030): North America and East Asia to exhibit substantial demand for automotive wireless chargers driven by high registration of vehicles.
• Long Term (2030 to 2034): Advancements in high-end technologies in smart devices will lead to introduction of innovative chargers including advanced USB chargers and portable solar chargers.

Wireless technology is set to witness significant growth across all end-use verticals. Manufacturers of wireless chargers are channelizing their focus on the automotive end use as it offers high-potential revenue generation opportunities.

Manufacturing companies are expected to see a rise in automotive wireless charger sales due to the ever-growing automobile industry. Major market players are integrating in-car wireless chargers to boost the effectiveness of vehicles. This move by industry leaders is seen due to the introduction of innovative products from new companies and small- to medium-sized players. There is a chance to realize the promise of greater productivity, transparency, and efficiency with the integration of automotive wireless chargers.

• The North American automotive wireless charger market size is estimated at US$ 642.9 million in 2024.
• East Asia is anticipated to hold 31.9% of the global automotive wireless charger market share by 2034.

Report Attributes	Details
Automotive Wireless Charger Market Size (2024E)	US$ 1.87 Billion
Forecasted Market Value (2034F)	US$ 13.61 Billion
Global Market Growth Rate (2024 to 2034)	21.9% CAGR
South Korea Market Value (2034F)	US$ 295.4 Million
5W Automotive Wireless Charger Demand Growth (2024 to 2034)	15.4% CAGR
Key Companies Profiled	Aircharge; Belkin; Huawei; Infineon; MPS; NXP; Powermat; Continental; etatronix; hoco Tech; HARMAN; 2E; LG; ROHM

Why is Car Wireless Charging Gaining Immense Popularity Worldwide?

“Integration of Smart Devices with Advanced Technologies”

The automotive industry is one of the biggest manufacturing sectors in the world. To attract consumers, manufacturers and automakers are introducing innovative technologies and devices to embrace the future of automotive.

Nowadays, wireless charging is a new trend and is gaining traction. There are various wireless charging methods present to charge devices with a less number of cords needed. Automotive wireless chargers provide a single cable plugged into the electronic mat on which the device is faced. This advanced technology has numerous benefits, such that the driver can charge the device anytime and anywhere by just placing the device on the electronic mat of the wireless charger. Additionally, once the device is fully charged, the wireless charger automatically shuts off. This increases the efficiency and reduces the heating of the device.

Wireless charging is based on electromagnetic induction. This inductive wireless charging means that the device need not be plugged into a power source, which increases the charging capacity and allows the driver to easily operate the device while driving. This advanced technology aims to charge consumer electronics efficiently without the requirement of any cord. Due to the high power request from receivers, wireless chargers also increase the flexibility to operate the battery, which avoids damage to the device.

“Escalating Registrations of Automobiles to Push Sales of Wireless Chargers”

• According to a Statista report, in 2023 around 94 million motor vehicles were produced worldwide.

The automotive industry is rapidly increasing owing to the emergence of electric vehicles and their sustainability offering. OEM technologies and increasing sales of automobiles are also influencing the economic growth worldwide.

Rising infrastructure development programs and improving road conditions are also the major reasons for the increase in vehicle sales. Furthermore, the expansion strategies adopted by global auto manufacturers is set to boost the sales of automotive wireless chargers during the forecast period.

“Built-in Automotive Wireless Chargers Exhibiting High Demand”

Built-in automotive wireless chargers are an integrated part inside vehicles and can wirelessly charge smartphones, wearables, and other Qi-compatible devices. Manufacturers are concentrating on wireless chargers with built-in capabilities, which are expected to offer a much more practical way to charge a device while travelling.

Additionally, it offers fast charging through cordless charging of the gadget. Thus, the demand for built-in automotive wireless chargers is set to increase at a healthy pace during the forecast period.

Which Challenges Do Automotive Wireless Charger Producers Face?

“High Cost and Data Security Concerns of Automotive Wireless Chargers”

Initial cost of cordless chargers is comparatively high than wired chargers. Wireless chargers are also differentiated by standards such as Qi and Power Matters Alliance (PMA). Non compatibility with certain cordless charging pads or surfaces is also a restraining factor.

In spite of notable automotive wireless charger market trends, the privacy threats and data security concerns are emerging as serious issues for product adoption. Technologies such as Qi can permit a sort of backdoor access to device itself.

Which Market Trends Will Translate into Offer Lucrative Opportunities for New Automotive Wireless Charger manufacturers?

“Integration of Advanced Technologies Leading to Development of Effective and Smart Cordless Chargers”

Start-ups entering in the automotive wireless charger field are making use of advanced technologies to stand out in the competition. Magnetic induction is one of the most utilized technologies by start-ups to manufacture wireless charging solutions. Their ability to effectively charge vehicles and devices is making them more popular.

• In2Power is a Belgian start-up the offers wireless inductive charging solutions for robots and automated guided vehicles. The technology offered by the company effectively minimizes the time required for charging.

Country-wise Analysis

What is the Sales Outlook of Automotive Wireless Chargers in the United States?

“Advancements in Automotive Manufacturing Increase Deployment of Smart Wireless Chargers”

Attribute	United States
Market Value (2024E)	US$ 546.5 Million
Growth Rate (2024 to 2034)	18.1% CAGR
Projected Value (2034F)	US$ 2.88 Billion

The United States hold major share in the North American market due to high investments in the automotive manufacturing sector. The automotive aftermarket is growing immensely in the country with the growing adoption of consumer electronics.

Along with technological advancements and growth in the automotive sector, the sales of automotive wireless chargers are expected to increase at a high pace during the forecast period. Most manufacturers are focusing on providing the latest features in vehicles, which is very beneficial for the driver to operate easily and efficiently.

Why is the China a Lucrative Market for Automotive Wireless Charger Suppliers?

“Vehicles Production Hub Leading to High Adoption of Cordless Chargers”

Attribute	China
Market Value (2024E)	US$ 280.3 Million
Growth Rate (2024 to 2034)	27.7% CAGR
Projected Value (2034F)	US$ 3.22 Billion

China is a big market place for automotive wireless charger producers in East Asia. China is considered as the world’s largest automotive market and manufacturing country.

• According to China Association of Automobile Manufacturers, in 2023 China reached 30.161 million and 30.094 million units of automobile production and sales volume respectively.

By establishing ventures with domestic automobile manufacturers, most foreign brands were allowed to produce new vehicles in China. China has also introduced several measures such as subsidies for car purchases, tax exemptions, and many more. Owing to these factors, the China automotive wireless charger market is expected to boost and continue to dominate the East Asia region throughout the forecast period.

Category-wise Analysis

Which Power Type Chargers are Most Widely Demanded?

“Easy Compatibility and Effectives of 10W Chargers”

Attribute	10W Chargers
Segment Value (2024E)	US$ 1.21 Billion
Growth Rate (2024 to 2034)	23.4% CAGR
Projected Value (2034F)	US$ 9.92 Billion

10W Qi charging pads are widely popular due to their effectiveness. The 10W chargers take an hour to charge any device. The advanced mechanism and design are boosting sales of 10W automotive wireless chargers. Majority of devices are compatible and can get charged easily with 10W charger. But to reduced charging time some of the users may opt for 15W chargers.

Which Vehicle Type Accounts for Higher Deployment of Wireless Chargers?

“Commercial Vehicles Handsomely Lead Market Share”

Attribute	Commercial Vehicles
Segment Value (2024E)	US$ 1.64 Billion
Growth Rate (2024 to 2034)	22.3% CAGR
Projected Value (2034F)	US$ 12.31 Billion

According this study by Fact.MR, a market research and competitive intelligence provider, commercial vehicles are set to hold major market share by 2034-end. The innovative wireless technologies are widely adopted by commercial vehicles.

• According to Statista report, in 2022 the commercial vehicle production worldwide reached 23.7 million units.

Commercial vehicles comprises of all types of motor vehicles that can transport goods and passengers. The high use of commercial vehicles for transport by individuals is expected to boost the adoption of wireless chargers in the coming decade.

Competitive Landscape

Some of the key players in the automotive wireless charger market are HARMAN, 2E, Continental, Aircharge, Belkin, Huawei, Infineon, etatronix, hoco Tech, Powermat, and ROHM. Leading companies are focusing on the integration of advanced technologies to stay ahead of the competition. New product launches, mergers, partnerships, and manufacturing expansion are some of the commonly adopted strategies by key market players to earn high profits.

• In January 2022, ROHM Co Ltd announced the development of an automotive wireless charging solution integrated with near-field communication (NFC). It is offering key features such as Foreign Object Detection (FOD), which help to detect metallic objects and NFC enables infotainment operations via device authentication.

Fact.MR provides detailed information about the price points of key manufacturers of automotive wireless chargers positioned across the world, sales growth, production capacity, and speculative technological expansion, in the recently updated report.

Key Segments of Automotive Wireless Charger Market Research

• By Power:

  • 5W Chargers
  • 10W Chargers
  • 15W Chargers

• By Charger Type:

  • Built-in Chargers
  • Portable Chargers

• By Technology:

  • Inductive Chargers
  • Resonant Chargers
  • Radio Frequency Chargers

• By Vehicle Category:

  • Passenger Vehicles
  • Commercial Vehicles

• By Sales Channel:

  • OEMs
  • Aftermarket

• By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa