Market Research Future (MRFR) has Published a Cooked Research Report on "Global In-Car Wireless Charging Market".
MRFR recognizes the following companies as the key players in the global In-Car Wireless Charging Market — Aircharge (UK), Power Square (India), Mojo Mobility, Inc. (US), Apple Inc. (US), Qualcomm Technologies, Inc. (US), Powermat Technologies Ltd. (Israel), Infineon Technologies AG (Germany), Zens (The Netherlands), Samsung Electronics Co., Ltd (South Korea), and Hella kGaA Hueck & Co. (Germany)
The global In-Car Wireless Charging Market is accounted to register a CAGR of 4.72% during the forecast period and is estimated to reach USD 2.55 billion by 2030.
the in-car wireless charging market refers to the growing industry centered around providing wireless charging capabilities for electronic devices, primarily smartphones, inside vehicles. This technology aims to eliminate the need for traditional wired chargers and make it more convenient for users to charge their devices while on the go.
The global In-Car Wireless Charging Market has been segmented based Technology, Charging Standards, and Device Type.
Based on Technology, the In-Car Wireless Charging Market segmentation includes Inductive Power Transfer, Conductive Charging and Magnetic Resonance Charging. The Inductive Power Transfer segment held the majority share in 2022, contributing to around ~65-67% of the In-Car Wireless Charging Market revenue. Inductive power transfer, the most straightforward technique, now holds the biggest market share in the technology sector. Moreover, a higher CAGR of 42.7% is expected for magnetic resonance Charging throughout the study period.
Based on Charging Standards, the In-Car Wireless Charging Market segmentation includes Qi Standard and PMA Standards. The Qi Standard segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. The QI standard, which combines induction and resonance technologies, now holds the biggest market share in the standard charging dividend. Also, it is applied by smartphone producers.
The In-Car Wireless Charging Market data has been bifurcated by Device Type into Smartphones and Other Devices. The Smartphones segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. Smartphones hold the biggest market share regarding device type dividends because of the availability of wireless charging technologies.
The global In-Car Wireless Charging Market, based on region, has been divided into North America, Europe, Asia-Pacific and the Rest of the World. The North America In-Car Wireless Charging market accounted for USD 1.60 billion in 2022 and is expected to exhibit a significant CAGR growth during the study period. North America now holds the greatest global in-car wireless charging industry market share. The acceptance of the newest technologies and the presence of global automakers drive market expansion in this area. Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Europe In-Car Wireless Charging market held a significant share accounting for more than 25% of total sales. The integration of wireless charging infrastructure across the Region is made possible by the presence of reliable infrastructure. Moreover, the surge in EV sales and European government initiatives to evaluate the viability of wireless Charging for electric vehicles would propel the European market. Furthermore, it is anticipated that significant businesses like HELLA KGaAHueck & Co., Continental AG, and Robert Bosch GmbH would hasten market expansion in the area. Further, the Germany In-Car Wireless Charging market held the largest market share, and the UK In-Car Wireless Charging market was the fastest-growing market in the European Region.
Asia Pacific In-Car Wireless Charging market is anticipated to become one of the revenue-producing areas. This increase is credited with the adoption of high-end technological items by electric car manufacturers and government attempts to promote charging infrastructures. Moreover, China's In-Car Wireless Charging market held the largest market share, and the In-Car Wireless Charging market was the fastest growing market in the Asia-Pacific region.
Key Findings of the Study