Automotive Wireless Smartphone Charging Market Overview
The Automotive Wireless Smartphone Charging Market Size is expected to reach USD 15.96 Billion by 2033. The Automotive Wireless Smartphone Charging Market industry size accounted for USD 6.47 Billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 38.41% from 2023 to 2033. The Automotive Wireless Smartphone Charging Market refers to the segment within the automotive industry focused on technology that enables wireless charging of smartphones inside vehicles. This technology allows users to charge their smartphones without the need for physical cables, typically using induction charging pads integrated into the vehicle’s interior. The market encompasses the development, production, and integration of these wireless charging systems into various types of vehicles, catering to consumer demand for convenient and efficient charging solutions while driving.
The automotive wireless smartphone charging market is expected to experience significant growth due to the increasing demand for convenience and the integration of advanced technologies in vehicles. As the technology matures and becomes more affordable, it is likely to become a standard feature in most new cars.
Global Automotive Wireless Smartphone Charging Market Synopsis
COVID-19 Impact Analysis
The COVID-19 pandemic had several impacts on the Automotive Wireless Smartphone Charging Market. Many manufacturers experienced disruptions in the supply of components and materials due to lockdowns and restrictions, affecting production schedules for wireless charging systems. Automotive manufacturers faced temporary closures and reduced production capacities, leading to lower installations of new wireless charging systems in vehicles. Economic uncertainties and changes in consumer behavior during the pandemic affected discretionary spending on new vehicles and optional features like wireless charging. Automakers prioritized essential features and functionalities in vehicles during the pandemic, potentially delaying the adoption and integration of wireless smartphone charging systems. Research and development efforts may have been slowed down or redirected towards addressing immediate challenges posed by the pandemic, impacting the pace of innovation in wireless charging technologies.
Automotive Wireless Smartphone Charging Market Dynamics
The major factors that have impacted the growth of Automotive Wireless Smartphone Charging Market are as follows:
Drivers:
Ø Integration with Smartphones
As smartphones become central to daily life, integrating wireless charging capabilities in vehicles enhances user convenience and connectivity, appealing to tech-savvy consumers. There is a growing preference among consumers for seamless and convenient charging solutions without the hassle of cables, aligning with the trend towards enhanced user experience in vehicles. Continuous innovations in wireless charging technologies, such as improved efficiency, faster charging speeds, and compatibility with a wide range of smartphone models, drive market growth by addressing consumer expectations and technological capabilities.
Restraint:
- Perception of Cost Considerations
The integration of wireless charging technology into vehicles can increase manufacturing costs. This cost burden may deter some automakers from widely adopting the technology, especially in lower-priced vehicle segments or during economic downturns when cost-saving measures are prioritized. Additionally, consumers may perceive the added cost as a barrier to adoption, especially if they are satisfied with traditional charging methods.
Opportunity:
⮚     Integration with Electric Vehicles (EVs)
With the increasing adoption of electric vehicles (EVs), there is a significant opportunity to integrate wireless smartphone charging as a standard feature. EV manufacturers can capitalize on the growing demand for convenient charging solutions that complement the advanced technology already present in electric vehicles. This integration not only enhances the user experience but also aligns with the overall trend towards smart and sustainable transportation solutions. As smart city initiatives continue to evolve, there is potential to integrate wireless charging infrastructure into urban environments. This could include public charging stations equipped with wireless charging pads, further enhancing convenience for drivers and promoting the adoption of electric and hybrid vehicles.
Automotive Wireless Smartphone Charging Market Segment Overview
By Technology
Based on Technology, the market is segmented based on Magnetic Resonance, Inductive and Radio Frequency. The inductive charging segment dominant the market. Inductive charging technology, especially the Qi standard, has been widely adopted and supported by major device manufacturers. Various smartphones, smartwatches, and other electronic devices come equipped with Qi-compatible inductive charging receivers. This compatibility has resulted in a robust ecosystem of devices and charging pads that work in combination, contributing to the dominance of the inductive charging segment in the global wireless charging market.
By Application
Based on Application, the market segment has been divided into the Automotive, Consumer Electronics, Healthcare and Others. The automotive segment dominant the market. The growing use of electric vehicles has increased demand for electric battery chargers. The cost per unit of wireless electric car chargers is high, increasing automotive revenue share in the market. Due to these factors, the automotive segment is growing fastest in the global wireless charging market.
By Implementation
Based on Implementation, the market segment has been divided into the Transmitters and Receivers. The receivers segment dominant the market. This is due to an increasing number of devices, such as smartphones, smartwatches, and wireless earbuds, that are equipped with wireless charging receiver components. This integration simplifies the charging process and encourages consumers to choose wireless charging options, which is expected to boost receiver segment growth in the global wireless charging market.
Global Automotive Wireless Smartphone Charging Market Regional Analysis
Based on region, the global Automotive Wireless Smartphone Charging Market has been divided into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. North America is projected to dominate the use of the Automotive Wireless Smartphone Charging Market followed by the Asia-Pacific and Europe regions.
Automotive Wireless Smartphone Charging North America Market
North America holds a dominant position in the Automotive Wireless Smartphone Charging Market. North America leads in technological adoption and automotive innovation. The region is expected to see significant growth due to the presence of major automotive manufacturers and tech companies investing in advanced automotive technologies, including wireless smartphone charging.
Automotive Wireless Smartphone Charging Asia-Pacific Market
The Asia-Pacific region has indeed emerged as the fastest-growing market for the Automotive Wireless Smartphone Charging Market industry. Asia Pacific is poised for substantial growth, driven by the rapid expansion of the automotive industry in countries like China, Japan, and South Korea. Rising disposable incomes, urbanization, and increasing adoption of electric vehicles contribute to the demand for advanced automotive technologies, including wireless smartphone charging.
Competitive Landscape
The global Automotive Wireless Smartphone Charging Market is highly competitive, with numerous players offering a wide range of software solutions. The competitive landscape is characterized by the presence of established companies, as well as emerging startups and niche players. To increase their market position and attract a wide consumer base, the businesses are employing various strategies, such as product launches, and strategic alliances.
Prominent Players:
- Energizer Holdings Inc.
- Evatran Group
- Energous Corporation
- Leggett & Platt
- Powermat
- Momentum Wireless Power
- Ossia Inc
- Powercast Corp
- Samsung Group
- Elix Wireless
Key Development
In April 2024, The new Qi2 standard, which makes use of the magnetic properties of modern gadgets and chargers, was released by the Wireless Power Consortium (WPC). iPhone owners no longer need to purchase pricey MagSafe-certified accessories to take advantage of the best wireless charging available due to Version 2.0 of the Qi wireless charging standard, which allows up to 15W charging.
In July 2023, WiTricity Corporation announced the FastTrack Integration Program for vehicle manufacturers. This streamlined program enables automotive OEMs to begin evaluating and testing electric vehicles with wireless charging in just 90 days.
Scope of the Report
Global Automotive Wireless Smartphone Charging Market, by Technology
- Magnetic Resonance
- Inductive
- Radio Frequency
Global Automotive Wireless Smartphone Charging Market, by Application
- Automotive
- Consumer Electronics
- Healthcare
- Others
Global Automotive Wireless Smartphone Charging Market, by Implementation
- Transmitters
- Receivers
Global Automotive Wireless Smartphone Charging Market, by Region
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Benelux
- Nordic
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Indonesia
- Austalia
- Malaysia
- India
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of Middle East & Africa
| Parameters | Indicators |
|---|---|
| Market Size | 2033: $15.96 Billion |
| CAGR | 38.41% CAGR (2023-2033) |
| Base year | 2022 |
| Forecast Period | 2023-2033 |
| Historical Data | 2021 |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Key Segmentations | Technology, Application, Implementation |
| Geographies Covered | North America, Europe, Asia-Pacific, Latin America, Middle East, Africa |
| Key Vendors | Energizer Holdings Inc., Evatran Group, Energous Corporation, Leggett & Platt, Powermat, Momentum Wireless Power, Ossia Inc, Powercast Corp, Samsung Group and Elix Wireless |
| Key Market Opportunities | • Integration with Electric Vehicles (EVs) • Smart Cities and Infrastructure Development |
| Key Market Drivers | • Integration with Smartphones • Technological Advancements |
REPORT CONTENT BRIEF:
- High-level analysis of the current and future Automotive Wireless Smartphone Charging Market trends and opportunities
- Detailed analysis of current market drivers, restraining factors, and opportunities in the future
- Automotive Wireless Smartphone Charging Market historical market size for the year 2021, and forecast from 2023 to 2033
- Automotive Wireless Smartphone Charging Market share analysis at each product level
- Competitor analysis with detailed insight into its product segment, Government & Defense strength, and strategies adopted.
- Identifies key strategies adopted including product launches and developments, mergers and acquisitions, joint ventures, collaborations, and partnerships as well as funding taken and investment done, among others.
- To identify and understand the various factors involved in the global Automotive Wireless Smartphone Charging Market affected by the pandemic
- To provide a detailed insight into the major companies operating in the market. The profiling will include the Government & Defense health of the company’s past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.
