Global In-Car Wireless Phone Charging Market Growth or Demand Increase for what contain:
The global market for in-car wireless phone charging is experiencing robust growth, driven by increasing consumer demand for convenient and efficient charging solutions. As of 2023, the market was valued at USD 1.5 billion and is projected to expand significantly over the forecast period, reaching USD 5.2 billion by 2030, at a compound annual growth rate (CAGR) of 18.5%.
Drivers of Growth:Convenience and Accessibility: In-car wireless phone chargers offer hassle-free charging solutions, eliminating the need for cables and adapters.
Integration in Automotive Industry: Automakers are increasingly integrating wireless charging pads into new vehicle models, enhancing consumer appeal.
Rising Smartphone Usage: With the proliferation of smartphones, the demand for convenient charging solutions while on the move has surged.
Global In-Car Wireless Phone Charging Market size was valued at USD 1.14 Billion in 2023 and is projected to reach USD 1.80 Billion by 2030, growing at a CAGR of 2.9% during the forecasted period 2024 to 2030.
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Global In-Car Wireless Phone Charging Market Segmentation:
by Technology
Inductive Power Transfer
Conductive Charging
Magnetic Resonance Charging
The global market for in-car wireless phone charging in 2022 will be dominated by inductive power transmission. Innovative wireless energy transfer method known as inductive power transfer (IPT) depends on two key coils, one located inside the transmitter and the other inside the receiver. A magnetic field is created by the transmitter coil's alternating current (AC). The recipient device is empowered as a result of the magnetic field's ability to create an electric current inside the receiver coil. IPT is praised for its impressive efficiency—it can reach 90%—which makes it a cost-effective option.
by Charging Standard
QI standard
PMA standards
In 2023, the In-Car Wireless Phone Charging Market's Charging Standard segment was dominated by the Qi segment. The Wireless Power Consortium created Qi, an open, international standard for wireless charging technology (WPC). Compatibility between different devices, such as smartphones and Qi-compliant charging pads, is ensured by this standards. Utilizing existing standards is frequently preferred by automakers and IT companies to guarantee interoperability and a standardized user experience. Users find Qi wireless charging convenient as it does away with the need for physical cords and connectors. It's an easy-to-use solution for drivers and passengers to put their Qi-compatible cellphones on a designated charging pad or surface within the car. One important consideration when choosing consumer technology is convenience.
by Device Type
Smartphones
Others devices
by Vehicle Type
Fuel-based
Electric vehicle
Hybrid vehicles
by Distribution
OEM
Aftermarket
Global In-Car Wireless Phone Charging Market Overview:
In-car wireless phone charging is a new technology based on wireless power transmission technology. It is used to supply power or electricity to the mobile device or other devices in the car. It works similarly to wireless phone charging just on a bigger scale. Growing technological advancements in wireless power transmission are the main factors behind the growth of the In-Car Wireless Phone Charging Market. Increasing consumer demand for wireless charging systems in cars, growing investment in research and development activities in-car wireless charging systems, the rising demand for innovative technologies such as wireless electric vehicle charging, growing production of electric cars to reduce harmful emissions, growing adoption of high-end smartphones which supports wireless charging, increasing production of cars with a wireless charging system by various manufacturing companies such as Chevrolet Volt and Nissan LEAF and growing market for automotive industry across the globe are expected to improve growth of the In-Car Wireless Phone Charging Market during the forecast period. In-car wireless phone charging provides some benefits such as full autonomy, no need for charging stations, a more user-friendly approach, and smaller battery units, which are ultimately driving the growth of the In-Car Wireless Phone Charging Market.
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Global In-Car Wireless Phone Charging Market Growth or Demand in which regions:
North America dominates the In-car Wireless Phone Charging Market in 2023. The US and Canada are the major key contributors to the growth of the market. The growth is attributed to the massive presence of automotive car manufacturing companies across the region. The continuously growing market for the automotive industry is driving the growth of the market in the region. Increasing consumer demand for luxury cars along with the solution of wireless charging system, growing adoption of electric vehicles along with the introduction of wireless charging in electric cars, and improving charging infrastructure are further propelling the growth of the market in the region. For Instance, Around 14.8 million motor vehicles were produced in North America in 2022. Vehicle production is a crucial element of the North American economy.
Global In-Car Wireless Phone Charging Market Scope and Methodology:
Market Segmentation: The report covers segmentation by vehicle type (passenger cars, commercial vehicles), charging pad type (embedded, aftermarket), and region.
Geographical Analysis: Detailed analysis of key regions including North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Market Dynamics: Insights into drivers, challenges, and opportunities influencing market growth.
Competitive Landscape: Profiles of key players, their market share, strategic initiatives, and financial performance.
Data Collection: Primary research through interviews with industry experts, secondary research through company reports, press releases, and databases.
Market Estimation and Forecasting: Statistical modeling and forecasting techniques to project market size and growth trends from 2024 to 2030.
Validation: Cross-validation of data from multiple sources to ensure accuracy and reliability of the findings.
Market Dynamics: Analysis of drivers, restraints, opportunities, and challenges influencing market growth.
Porter’s Five Forces Analysis: Assessment of competitive intensity, bargaining power of suppliers and buyers, threat of substitutes, and new entrants.
PESTEL Analysis: Evaluation of political, economic, social, technological, environmental, and legal factors impacting the market.
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Global In-Car Wireless Phone Charging Market Key Players:
1. Powermat (Israel)
2. Hella KGaA Hueck & Co (Germany)
3. Zens (The Netherlands)
4. Qualcomm Technologies, Inc. (U.S.)
5. Apple Inc. (U.S.)
6. Power square (India),
7. Mojo Mobility, Inc. (U.S.)
8. Samsung Electronics Co., Ltd (South Korea)
9. Infineon Technologies AG (Germany)
10. Aircharge(U.K)
11. Wieson Automotive Co., Ltd (China)
12. Monolithic Power Systems, Inc.
13. InductEV Inc. (Pennsylvania)
14. Bombardier Inc
15. WiTricity
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Key questions answered in the Global In-Car Wireless Phone Charging Market are:
• What is Global In-Car Wireless Phone Charging Market ?
• What is the growth rate of the Global In-Car Wireless Phone Charging Market?
• Which are the factors expected to drive the Global In-Car Wireless Phone Charging market growth?
• What are the different segments of the Global In-Car Wireless Phone Charging Market?
• What growth strategies are the players considering to increase their presence in Global In-Car Wireless Phone Charging?
• What are the upcoming industry applications and trends for the Global In-Car Wireless Phone Charging Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Global In-Car Wireless Phone Charging Market?
• What major challenges could the Global In-Car Wireless Phone Charging Market face in the future?
• What segments are covered in the Global In-Car Wireless Phone Charging Market?
• Who are the leading companies and what are their portfolios in Global In-Car Wireless Phone Charging Market?
• What segments are covered in the Global In-Car Wireless Phone Charging Market?
• Who are the key players in the Global In-Car Wireless Phone Charging market?
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