According to Custom Market Insights (CMI), the Global In-Car Wireless Charging Market size was estimated at USD 6 Billion in 2021 and is expected to hit around USD 15 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 38% from 2022 to 2030.
Our research report offers a 360-degree view of the In-Car Wireless Charging market’s drivers and restraints, coupled with their impact on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the In-Car Wireless Charging market.
In-Car Wireless Charging Market: Overview
Depending on the model, each automaker utilizes a different charging system that is all Qi-compatible and takes the shape of a dock, tray, or pocket that is typically found in the center console or beneath the armrest. While some of these solutions are movable and have enough room to charge any smartphone, including huge phablets like the iPhone Plus or Samsung Galaxy + models, others have less room.
Browse the full “In-Car Wireless Charging Market Size, Trends and Insights By Technology (Inductive Power Transfer, Magnetic Resonance Charging, Conductive Charging), By Charging Standard (PMA Standard, QMA Standard), By Device Type (Smartphones, Tablets, Other Devices), By Vehicle Type (Electric Vehicle, Hybrid Vehicle, Fuel-based Vehicle), By Distribution Channel (OEM, Aftermarket), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032 “ report at https://www.custommarketinsights.com/report/in-car-wireless-charging-market/
Several factors influence the global in-car wireless charging market expansion. One of the major driving forces behind the growth of the in-car wireless charging market is the rising demand for electric vehicles. Additionally, there is a significant need for wireless chargers everywhere in the world due to advanced technology and a fast-paced way of life. Furthermore, the high penetration of smartphones plays a role in the need for in-car wireless charging.
A built-in wireless infrastructure support system in various public locations, such as commercial spaces, retail malls, department stores, and others, provides a variety of growth potential in various emerging nations. Additionally, the government’s growing endeavours to exploit the untapped market’s potential by offering subsidies also present a variety of prospects for worldwide market growth.
Even though the global market for in-car wireless charging is expanding at an astonishing rate, some issues limit growth. The main obstacle preventing market growth is a lack of standardization. New manufacturers can quickly enter the market due to the ease of business. The issue is products that may not function well, separating the market between high-quality and low-quality products.
The market for In-Car Wireless Charging is segmented into technology, charging standard, device type, vehicle type, and distribution channel. Based on the technology, the market has been segmented into conductive charging, magnetic resonance, and inductive power transmission. Inductive power transfer, the more precise technique, currently holds the largest market share. Additionally, throughout the projected period, magnetic resonance charging is expected to increase at a faster CAGR of almost 40%.
By the charging standard, the in-car wireless charging market has been segmented into PMA standards and QI standards. The QI standard, which combines induction and resonance technologies, now holds the biggest market share. Additionally, it is used by smartphone manufacturers globally.
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Due to improvements in automotive technology and a rise in the popularity of electric vehicles, the market for in-car wireless charging is anticipated to develop at the fastest rate in the Asia-Pacific region. The market for in-car wireless charging is anticipated to expand at a rapid CAGR.
With the addition of retrofit wireless charging pads for cell phones, electric car technology has advanced significantly in China and Japan. The US and Germany are now the two nations that have adopted in-car wireless charging the fastest. However, this industry is progressing throughout Asia-Pacific.
By examining market segments and projecting market size, the reports also aid in understanding the dynamics and organizational structure of the global In-Car Wireless Charging industry. The study serves as an investor’s guide thanks to its clear depiction of competitive analysis of key companies by product, price, financial condition, product portfolio, growth plans, and regional presence in the worldwide In-Car Wireless Charging market.
- 2019: MePower by Meredot, a brand-new wireless charger, has been introduced. This wireless charger uses magnetic fields to charge devices including electric vehicles, phones, computers, and drones.
- Apple Inc.
- Hella KGaA Hueck & Co
- Infineon Technologies AG
- Samsung Electronics Co.
- Power square
- Mojo Mobility Inc.
- Powermat Technologies Ltd
- Qualcomm Technologies Inc.
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