According to Market Research Future (MRFR), the global in-car wireless charging market is estimated to cross USD 13,748 million with a CAGR of 40.8% from 2017 to 2023 (forecast period). The study on the global in-car wireless charging industry discusses the COVID-19 review of a key factor influencing the growth of the market. The research report explores competition in regional and global markets, including a rigorous assessment of factors that could have a major effect on the industry's outlook over the forecast period.

In-car wireless charging is touted to be an emerging innovation for today's cars. In-car wireless charging system (WCS) includes wireless chargers used to charge electronic devices such as cell phones, tablets, and MP3/WAV players in the car. The gadget charges the devices by inductive charging.

Market Dynamics

The demand for and popularity of wireless in-car charging is expected to increase further in the years to come. In 2017, Advances in wireless technology had favorably reflected on the market, increasing efficiency of such wireless charging devices has increased their acceptance in both luxury and mid-range vehicles. Emerging markets like China, Mexico, and India offer significant growth opportunities for market players, given the growing sales of passenger cars in these countries. However, technology is on its way to being a must-have luxury in-car item.

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Market Segmentation

The global market for in-car wireless charging has been segmented into technology, charging standard, device type, vehicle type, and distribution.

Based on technology, the global in-car wireless charging market has been segmented into inductive power transfer, conductive charging, and magnetic resonance charging.

Based on the charging standard, the global in-car wireless charging market has been segmented into QI standard and PMA standards.

Based on device type, the global in-car wireless charging market has been segmented into smartphones and other devices.

Based on vehicle type, the global in-car wireless charging market has been segmented into fuel-based, electric vehicles, and hybrid vehicles.

Based on distribution, the global in-car wireless charging market has been segmented into OEM and aftermarket.

Regional Analysis

Regionally, the global in-car wireless charging market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

North American countries such as the United States, Canada, and Mexico contribute the bulk of their shares to the automotive market. Automotive sales volumes are growing in the countries of South America, especially Brazil, Chile, and Argentina. Also, the majority of luxury and mid-premium vehicle sales originate in North America. In addition, the production of cars and the adoption of the automotive output are also growing. As a result, the in-car WCS market in the Americas will continue to expand over the expected period.

Key Players

The industry giants in the global in-car wireless charging industry are Hella KGaA Hueck & Co (Germany), Samsung Electronics Co., Ltd (South Korea), Zens (The Netherlands), Infineon Technologies AG (Germany), Powermat Technologies Ltd (Israel), Qualcomm Technologies, Inc. (U.S.), Apple Inc. (U.S.), Mojo Mobility, Inc. (U.S.), Power square (India), and Aircharge(U.K).

Competitive Landscape

The industry is extremely competitive with all players vying for market share. Rapid developments in technology, intense competition, regular changes in government policy, and environmental regulations are important factors that fuel business growth. Vendors compete on the basis of cost, reliability, quality, and after-sales support.

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